Global Day Care Market By Day Care Type (Baby and Child Day Care Centers, Old People Care Centers, and Other Types), By Location (Center-Based and Home Based), By Type (Public and Private) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032
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Aug 2023
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This report was compiled by Correspondence Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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Report Overview
Day Care Market size is expected to be worth around USD 25.9 Bn by 2032 from USD 14.0 Bn in 2022, growing at a CAGR of 6.5% during the forecast period from 2023 to 2032.
Day care is for individuals who are dependent on others like the elderly, disabled individuals, and children. Furthermore, supervision and care by a person or organization of disabled, children, and elderly people. For a child, day care helps to explore the environment, contact various entities, and define their hobbies. These will help to improve children’s intelligence and independence which further improves children’s self-esteem. Quality Day care Market which is affordable is hard to find. Day care market is expected to grow with increasing awareness among people. Moreover, decreasing costs and advancing services are helping to grow the market. The child care centers are increasing post-COVID-19 due to the resuming of full-time offices.
Market Scope
Day Care Type Analysis
Baby and Child Day Care Centers Segment is the Most Lucrative in the Global Day Care Market
Based on day care type, The Day care Market is segmented into baby and child day care centers, old people care centers, especially disabled individual care centers, and other types. Among these day care types, the baby and child day care centers segment is the most lucrative in the global day care market with a market share of 46% across the globe. Owing to the preference of parents to improve children’s personal development. Furthermore, the old people care centers segment is growing with a high CAGR due to increasing awareness and a rising number of old people. Disabled people need special type of care because they are especially challenged hence, day care needs to take extra care.
Location Analysis
The Center-Based Segment is Estimated to be the Most Lucrative Segment
By location, the day care market is further divided into center-based and home-based. Based on location, the center-based segment is estimated to be the most lucrative segment in the global day care market with a market share of 59%, and is anticipated to grow at a significant rate during the forecast period. Owing to less costly compared to others. Moreover, home-based are expected to grow with a high CAGR rate during the forecast period. Owing to the increased earning capacity of various individuals.
Type Analysis
Private Segment is Estimated to be the Most Lucrative Segment
By type, the global day care market is further divided into public and private. Based on type, the private segment is estimated to be the most lucrative segment in the global day care market with a market share of 73% and is anticipated to grow at constant CAGR during the forecast period. Owing to better services and better care compared to others. Furthermore, the public segment is expected to grow with a high CAGR rate during the forecast period. Owing to less costly and affordable to all people.
Key Market Segments
Based on Day Care Type
- Baby and Child Day Care Centers
- Old People Care Centers
- Specially Disabled Individual Care Centers
- Other Types
Based on Location
- Center-Based
- Home Based
Based on Type
- Public
- Private
Market Dynamics
Drivers
Working Women, Embarrassed Old People who if Taken Care of by their Families, and Disabled Individuals who Need Special Care are the Driver of the Market
Working women are the main driver for the global day care market growth as individuals who are dependent on others and are not taken care of by others hence, the need for daycare centers is increasing. Moreover, rising need to take care of old individuals owing to old people feeling embarrassed when taken care of by family. Hence, increasing the use of global day care further increases the day care market growth. Furthermore, for disabled individuals special care is needed hence, day care demand is increasing which increases the day care market growth.
Restraints
Costly, Accent, Long Waiting List, and Large Staff Turnover these Several Factors Are Giving Several Issues Reduce Growth of the Market
Day care services are costly which restrains the market growth. Furthermore, there is a long waiting list for individuals who want to join. Facilities have large staff turnover that cannot connect with individuals. In the case of children, they often get ill during daycare hence, children will ask their parents to keep them at a smart homes, These are some factors that can hamper the growth of Day care Market.
Opportunity
For Home Based day care centers there are Less Strict Rules, Skill of the Caretaker Are Opportunities
Licensing requirements, inspections, and safety measures as per rules and regulations for center-based day care. For the home-based Day care Market, there are less strict rules and regulations. Childcare needs constant care whereas old and specially challenged need not to be constant care. Furthermore, as per the skill of the caretaker, if the caretaker is highly skilled, demand will increase. They will receive support from families which will give them various benefits. For children, day care may form a sense of belonging or smart security. For children stimulation likes playing various games with organized activity and playful interactions. Old people and disabled people can give work which can they do it that helps to give fulfillment in themselves.
Trends
Artificial Technology, Early Mental Health Awareness for Kids, Creative Teaching to the Children
Early mental health awareness for kids can be increasing the demand in the day care market. Creative teaching to the children. Increasing the use of artificial technology in Day care Market can help to increase market growth. Creating arts is a trend that is increasing market growth.
Regional Analysis
North America is estimated to be the Most Lucrative Market
In 2022, North America is dominating with a market of 37% and will likely grow at a high CAGR rate in the forecast period from 2023 to 2032. Owing to the rising demand for child care in the US, a large number of women are working in the US. Moreover, the demand for various care centers is increasing due to awareness which is further increasing the day care market in Europe. In the Asia-Pacific region, it is going to show the highest CAGR during the forecasted period from 2023 to 2032. Owing to increasing awareness among the people in the APAC regional market.
Regional Analysis
North America
- The US
- Canada
- Mexico
Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
Key Players Analysis
Strong key players are using strategies like mergers, collaborations, expansion, and acquisitions which are expected to increase competition in the Day Care market. These strategies are helping to grow its reach and quality in the Day Care Market. Significant key players are adopting these strategies to help to improve their market and boost their business.
Market Key Players
- Learning Experience
- Spring Education Group.
- Primrose Schools
- PLASP Child Care Services
- Learning Care Group, Inc.
- KU Children’s Services
- KinderCare Education
- Kids ‘R’ Learning Academies
- JP Holdings
- Goddard Systems
- Childcare Network
- Cadence Education
- Bright Horizons Family Solutions, Inc.
- Curodoc
- Elder Care
- Elder Net
- Others Key Players
Recent Developments
- In Mar 2023, Elder Care found that changes in the brain due to Alzheimer’s disease are reducing telomeres which are end protective caps on the ends of chromosomes that shorten cell ages.
- In Mar 2023, Eldercare found that with a novel diagnosis that atrial fibrillation with irregular heart rhythm has a higher risk of forming dementia than individuals without the condition.
- In Jun 2020, Australia’s highest early learning and caregiver known Goodstart Early Learning, and other main key providers Big Fat Smile created a merger.
- In Jun 2018, Bright Horizons Family Solutions started the first moving childcare solution for parents who are working.
Report Scope
Report Features Description Market Value (2022) USD 14.0 Bn Forecast Revenue (2032) USD 25.9 Bn CAGR (2023-2032) 6.5% Base Year for Estimation 2022 Historic Period 2016-2022 Forecast Period 2023-2032 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered By Day Care Type (Baby And Child Day Care Centers, Old People Care Centers, Specially Disabled Individual Care Centers, and Other Types), By Location (Center-Based and Home Based), By Type (Public and Private) Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA Competitive Landscape The Learning Experience, Spring Education Group., Primrose Schools, PLASP Child Care Services, Learning Care Group, Inc., KU Children’s Services, KinderCare Education, Kids ‘R’ Learning Academies, JP Holdings, Goddard Systems, Childcare Network, Cadence Education, Bright Horizons Family Solutions, Inc., Curodoc, Elder Care, Elder Net, and Others Key Players Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) -
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- Learning Experience
- Spring Education Group.
- Primrose Schools
- PLASP Child Care Services
- Learning Care Group, Inc.
- KU Children’s Services
- KinderCare Education
- Kids ‘R’ Learning Academies
- JP Holdings
- Goddard Systems
- Childcare Network
- Cadence Education
- Bright Horizons Family Solutions, Inc.
- Curodoc
- Elder Care
- Elder Net
- Others Key Players