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(MoneyNewsWire.Net, August 20, 2018 ) The individual and family services market includes establishments that offer non-residential social assistance services for children, elderly people and persons diagnosed with intellectual and developmental disabilities, or persons with disabilities. These establishments provide for the welfare of children in such areas as adoption and foster care, drug prevention, life skills training, and positive social development. They also provide for the welfare of elderly people and persons with disabilities in areas such as day care, nonmedical home care or homemaker services, social activities, group support, and companionship.
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The global individual and family services market was valued at $308 billion in 2017, and is expected to be driven by the establishment of corporate child care and adult social assistance centers. Asia Pacific was the largest geographic region in the market in 2017, accounting for more than two-fifth of the market share.
The individual and family services market in The Business Research Company’s report is divided into three segments: child and youth services, services for the elderly and persons with disabilities, and other individual and family services.
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China was the largest country in the individual and family services market in 2017, accounting for around one-fifth of the global market share. This was due to a large number of educational institutions, child day care centres and other social service establishments catering to a large population in the country.
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