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Report Description

Forecast Period

2026-2030

Market Size (2024)

USD 7.89 Billion

CAGR (2025-2030)

7.28%

Fastest Growing Segment

Home-Based Care

Largest Market

Central Region North Spain

Market Size (2030)

USD 11.89 Billion

Market Overview

Spain Elderly Care Services Market was valued at USD 7.89 Billion in 2024 and is expected to reach USD 11.89 Billion by 2030 with a CAGR of 7.28% during the forecast period. The Spain Elderly Care Services Market is a growing sector that caters to the needs of the aging population in Spain. Spain, like many other developed countries, is experiencing a significant demographic shift with an increasing aging population. This demographic trend has led to a rising demand for elderly care services. The market for elderly care services in Spain encompasses a wide range of services, including in-home care, assisted living facilities, nursing homes, adult day care centers, and specialized services for individuals with Alzheimer's disease and other age-related conditions.

Key Market Drivers

Demographic Transition

Spain is undergoing a significant demographic transformation characterized by an increasingly aging population. This demographic shift is not just a mere statistic; it's a profound societal change that has far-reaching implications. One of the areas profoundly impacted is the elderly care services market.

Spain, like many developed nations, is witnessing a rapid increase in its aging population. With advances in healthcare and an improved quality of life, people are living longer. The proportion of individuals aged 65 and older is growing steadily. This rise in the elderly population is a clear driver for the growth of the elderly care services market.

An aging population often comes with increased health challenges and the need for specialized care. Conditions such as dementia, Alzheimer's, and other age-related diseases are becoming more prevalent. This surge in demand for tailored healthcare and support services is a direct consequence of the demographic transition. Spain, like many other developed countries, is experiencing a demographic transition characterized by a growing elderly population and declining birth rates. According to the National Institute of Statistics (INE), the number of people aged 65 and above is projected to reach nearly 30% of the total population by 2050.

The Spanish government recognizes the societal implications of an aging population and is actively involved in addressing this issue. Public healthcare and social welfare programs have been initiated to support the elderly population. These programs include financial assistance and subsidies that help seniors access quality care. The government's role in promoting the elderly care services market is critical.

The private sector is seizing the opportunities presented by the demographic transition. It's not just about meeting the needs of an older population; it's also about creating a business ecosystem around elderly care. Private companies are investing in a wide range of elderly care services, from nursing homes to assisted living facilities, in-home care services, and more. This diversification offers seniors and their families a variety of options tailored to their specific needs.

Traditionally, families in Spain often provided care for their elderly members. However, the modern lifestyle, with both partners working and families becoming more nuclear, is driving a cultural shift. The acceptance of professional elderly care services as a practical and effective option is increasing. As a result, more people are turning to specialized care providers.

The growth of the elderly care services market creates job opportunities and supports economic growth. It generates employment for a diverse range of professionals, including caregivers, nurses, medical staff, administrators, and support workers. This not only has a positive impact on the workforce but also on the broader economy.

Government Support

Spain's elderly care services market is at a pivotal juncture, with a rapidly aging population that requires specialized care and support. To meet this rising demand and ensure the well-being of the elderly, government support is playing a crucial role.

One of the most direct ways in which government support benefits the elderly care services market is through financial assistance and subsidies. Government programs allocate funds to help seniors access quality care services, making these services more affordable and accessible to a broader segment of the population.

Government involvement ensures the establishment and enforcement of regulatory frameworks that govern the elderly care services market. The SSI/420/2015 Order, published in March 2015, outlines the subsidy criteria for elderly, disabled, and dependent individuals, as managed by the Institute for Older People and Social Services. This order provides various subsidy types and levels, including financial assistance for care homes catering to the elderly or disabled. It also includes support for temporary stays in these facilities, covering accommodation and board, as well as subsidies for long-term residency in specific cases. This government backing enhances accessibility and affordability of elderly care services, fostering market growth. These regulations cover various aspects, including staffing ratios, safety measures, and service quality standards. Compliance with these regulations not only ensures the safety and well-being of elderly residents but also enhances the overall credibility of the industry.

Governments often invest in the development of infrastructure that supports the elderly care services market. This includes the construction of nursing homes, assisted living facilities, and day care centers. Such infrastructure development not only caters to the growing demand but also creates employment opportunities and supports local economies.

Government agencies may allocate resources for research and development in the field of elderly care. This investment can lead to innovations in care delivery, the integration of technology, and improvements in the overall quality of services. It ensures that the industry stays up-to-date with the evolving needs of the elderly population.

Government support often involves collaboration with the private sector to deliver elderly care services. Public-private partnerships can stimulate investment and innovation, leading to the growth of the market. These partnerships leverage the strengths of both sectors to provide comprehensive, high-quality care.

The government may allocate funds for the training and education of professionals in the elderly care services industry. This ensures that there is a qualified workforce capable of providing the necessary care, from healthcare professionals to caregivers. A well-trained workforce contributes to the quality of services.

Increasing Life Expectancy

Spain, like many developed countries, is experiencing a remarkable increase in life expectancy. This demographic shift is not only a testament to advances in healthcare but also a pivotal factor fueling the growth of Spain's elderly care services market. The rise in life expectancy in Spain is a testament to improved living conditions, better healthcare, and a generally higher quality of life. As people live longer, they often experience age-related health issues and chronic conditions, leading to a greater demand for specialized care services. This extended lifespan fuels the need for elderly care, creating opportunities for the industry to grow.

Spain has one of the highest rates of aging populations globally, with the elderly currently making up 20% of the population. Projections from the Spanish National Institute of Statistics indicate that by 2040, this figure could rise to more than 27%, equating to over 14.2 million elderly individuals. As more people live longer, there is greater demand for elderly care services, including long-term care facilities, specialized healthcare, and support services for the aging population, further expanding Spain’s elderly care market. With increased life expectancy, the elderly population becomes more diverse in terms of their healthcare needs. Seniors require a wide range of services, from general healthcare to specialized care for conditions like dementia, Alzheimer's, and other age-related diseases. The growing diversity in healthcare needs drives the expansion of the elderly care services market, offering a spectrum of services to cater to these varying requirements.

Increased awareness of healthcare and wellness is contributing to the growth of the elderly care services market. Many seniors aim to maintain their health and well-being in their extended years, seeking preventive care and lifestyle support. This trend has given rise to services that focus on promoting a healthy and active lifestyle among the elderly, including nutrition, fitness, and mental health programs.

The integration of technology into elderly care services is becoming more prevalent as seniors live longer. Telehealth solutions, remote monitoring devices, and electronic health records are increasingly used to enhance the quality of care. These technological advancements are a response to the evolving healthcare needs of seniors and are key drivers for market growth.

A longer life expectancy calls for more personalized care. The elderly care services market is adapting to provide individualized support, tailored to the unique needs of each senior. This approach ensures that seniors receive care that addresses their specific challenges, promoting overall well-being and satisfaction.

The growth of the elderly care services market creates economic opportunities. It generates employment for a diverse range of professionals, including caregivers, nurses, medical staff, administrators, and support workers. This not only bolsters the workforce but also has a positive impact on the broader economy.

The increased life expectancy is spurring investments in research and development in the field of elderly care. This funding drives innovation, from the development of better medications and treatments for age-related diseases to improvements in care delivery, ultimately benefiting the elderly population.

Specialized Care

Spain's elderly care services market is not only growing in response to demographic changes but is also evolving to meet the specific and unique needs of seniors. One significant driver of this evolution is the provision of specialized care.

The elderly population is not a monolithic group; it comprises individuals with diverse and often complex healthcare needs. Specialized care is designed to cater to these unique requirements, offering tailored services that address specific health conditions and challenges. This diversity in care options allows the elderly care services market to serve a wider range of clients.

Conditions like Alzheimer's and dementia require specialized care. As the prevalence of these diseases rises with the aging population, there is a growing demand for facilities and services that focus on providing expert care, support, and a safe environment for individuals affected by cognitive impairments.

Palliative and end-of-life care is another specialized service that plays a critical role in the elderly care market. This type of care ensures that seniors with life-limiting illnesses receive comfort, dignity, and pain management during their final stages, offering a unique and vital service.

Many seniors require rehabilitation after surgery or due to chronic health conditions. Specialized care facilities offer tailored rehabilitation services to help seniors regain their independence, mobility, and overall quality of life.

Hospice care is designed to provide support to seniors with terminal illnesses and their families. This specialized service offers emotional, physical, and spiritual care to ensure the highest quality of life possible during the end stages of a person's life.

Spain Elderly Care Services Market

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Key Market Challenges

Workforce Shortages

One of the foremost challenges facing the elderly care services market in Spain is a shortage of skilled healthcare professionals and caregivers. The demand for care services is escalating, but there aren't enough qualified individuals to meet this demand. Recruiting and retaining a dedicated workforce is a significant hurdle for the industry.

Cost and Affordability

Elderly care services, particularly in specialized facilities, can be expensive. Many families struggle to afford these services, which can create a financial burden for seniors and their loved ones. This challenge highlights the need for more affordable care options and accessible funding sources.

Cultural Shift

Traditionally, family members in Spain have played a central role in providing care for their elderly relatives. However, societal changes, including increased workforce participation and changing family structures, have led to a cultural shift. Adapting to this shift and ensuring that it aligns with high-quality care is a challenge that the industry must address.

Key Market Trends

Age-Friendly Technology

As Spain's elderly population becomes increasingly tech-savvy, age-friendly technology is set to play a pivotal role in the industry. From wearable health devices to telehealth solutions and smart home technologies, the integration of tech is expected to enhance the quality of care and improve the overall well-being of seniors.

Home and Community-Based Services:

There is a growing preference among seniors to receive care in the comfort of their homes or within their local communities. Home and community-based services are expected to rise in popularity, offering seniors a more familiar and independent setting for receiving care.

Personalized and Holistic Care

The future of elderly care services will be characterized by a shift towards more personalized and holistic care. Spain, ranked 11th globally for elderly care, provides a personalized and holistic approach to care, largely through a family-based support system. This model allows for more individualized attention, as many care homes are smaller, offering a more tailored experience compared to the larger, more standardized institutions commonly found in Scandinavian countries. In Spain, care homes can range in cost from USD 1577.22 to USD 4205.92 per month, with quality and accessibility varying between urban and rural areas. This personalized care approach meets the increasing demand for more customized, compassionate care services for the aging population. Recognizing that each senior has unique needs and preferences, providers are increasingly tailoring their services to offer a comprehensive, individualized approach.

Segmental Insights

Service Type Insights

Based on Service Type, the Home-Based Care Services emerged as the fastest growing segment in the Spain Elderly Care Services market during the forecast period. An increasing number of elderly individuals prefer remaining in their homes, surrounded by familiar surroundings, rather than transitioning to institutional care facilities. This desire for autonomy and comfort has fueled rising demand for home-based care services. Technological advancements, including telemedicine, remote monitoring, and assistive devices, have made it more feasible to deliver high-quality care at home. These innovations enable caregivers to remotely monitor patients’ health, ensuring timely interventions and improving care efficiency. Home-based care also offers a high level of customization, allowing care plans to be tailored to the specific needs and conditions of each individual, offering more specialized care compared to institutional settings. The Spanish government is actively promoting home-based care as part of its strategy to support the aging population, with policies, grants, and subsidies that make this option more accessible. Additionally, family-based caregiving is deeply rooted in Spanish culture, with families playing a central role in caring for elderly relatives, making home care a natural fit. As these trends continue to grow, home-based care is becoming the fastest-growing segment in Spain's elderly care market.

Service Provider Insights

Based on Service Provider, Public service emerged as the dominating segment in the Spain Elderly Care Services market in 2024. The Spanish government has significantly increased investments in elderly care, providing subsidies and funding to enhance public care services, making them more accessible and appealing. With a large portion of Spain’s elderly population depending on affordable care, public providers are crucial in offering cost-effective solutions, especially for low-income families. By 2074, the senior population is projected to exceed 9.1 million women and 7.4 million men aged 65 and older, contributing to Spain's status as an aging country. With 20% of the population already 65 or older and life expectancy steadily rising, demand for care services particularly in rural areas continues to grow. Public services, which are more widely available and accessible, are well-positioned to meet this demand across the nation. These services focus on inclusivity, ensuring care is available to elderly individuals with diverse health conditions and financial circumstances. Given Spain’s reliance on public services for healthcare, they remain the preferred option for many elderly individuals and their families. As these trends evolve, public service providers are expected to remain the dominant force in Spain’s elderly care services market.

Spain Elderly Care Services Market

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Regional Insights

Based on Region, Central Region of North Spain emerged as the dominating region in the Spain Elderly Care Services market in 2024. The central location of this region makes it a key hub for healthcare services, attracting both local and international patients. Its accessibility from various parts of Spain enhances its appeal for elderly care providers. The central region is home to several major urban centers with a high proportion of Spain’s elderly population. Urban areas typically have greater healthcare needs due to an aging demographic, expanding the market for elderly care services. The Central Region is well-connected by transportation networks, making it accessible to a wide range of potential clients, including those from surrounding areas. The region's healthcare infrastructure and medical facilities are well-developed, providing an essential support system for elderly care services. The central location is also advantageous for attracting skilled healthcare professionals and offering a variety of specialized services, which can set it apart from other regions. With these factors in play, the Central Region of North Spain is positioned to become a dominant force in the Spain Elderly Care Services Market.

Recent Development

  • In October 2024, a Spanish social cooperative is adopting innovative approaches to healthcare and services by integrating technologies such as robotics, immersive technology, and telemedicine. Suara Cooperativa offers 284 distinct services to approximately 40,000 individuals, supporting them across various life stages, from early childhood to elderly care.
  • In July 2024, Spanish impact investor CREAS secured USD 42.06 million in the first close of its USD 73.60 million Creas Impacto II fund and revealed its initial two investments. The fund has also allocated USD 1.58 million to MiResi, an online platform designed to assist families in finding quality care homes for their elderly relatives.
  • In June 2024, Davies and Knowlton introduced Welcome Home Care, an agency designed to support seniors in various circumstances. The services will address the needs of individuals on waiting lists, those returning home from hospital stays, primary caregivers seeking respite care, and seniors who wish to age in place while managing increasing care requirements.
  • In June 2024, Spain introduced the third WHO Primary Health Care (PHC) Demonstration Platform. A delegation from Czechia visited Centro de Salud El Llano, one of the largest PHC centers in Gijón, which showcases Spain’s robust PHC model and serves as a model for other countries seeking to replicate its success. With 27% of its population over the age of 65, Asturias is at the forefront of innovations designed to address the needs of chronic and complex patients through its PHC system.

Key Market Players

  • EMEIS Group
  • Korian Group
  • Colisée España
  • DomusVi SAS
  • CARE FOR ME NURSING SERVICES SL
  • British Care Services
  • Geriasistencia SL

 By Service Type

By Service Provider

By Region

  • Institutional Care
  • Community-Based Care
  • Home-Based Care
  • Public
  • Private
  • Central Region North Spain
  • Aragon & Catalonia
  • Andalusia, Murcia & Valencia
  • Madrid, Extremadura & Castilla

Report Scope:

In this report, the Spain Elderly Care Services Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Spain Elderly Care Services Market, By Service Type:

o   Institutional Care

o   Community-Based Care

o   Home-Based Care

  • Spain Elderly Care Services Market, By Service Provider:

o   Public

o   Private

  • Spain Elderly Care Services Market, By Region:

o   Central Region North Spain

o   Aragon & Catalonia

o   Andalusia, Murcia & Valencia

o   Madrid, Extremadura & Castilla

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Spain Elderly Care Services Market.

Available Customizations:

Spain Elderly Care Services market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Spain Elderly Care Services Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com               

Table of content

Table of content

1.    Service Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Spain Elderly Care Services Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Service Type (Institutional Care, Community-Based Care, Home-Based Care)

5.2.2.    By Service Provider (Public, Private)

5.2.3.    By Region

5.2.4.    By Company (2024)

5.3.  Market Map

5.3.1. By Service Type

5.3.2. By Service Provider

5.3.3. By Region

6.    Central Region North Spain Elderly Care Services Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Service Type

6.2.2.    By Service Provider

7.    Aragon & Catalonia Elderly Care Services Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Service Type

7.2.2.    By Service Provider

8.    Andalusia, Murcia & Valencia Elderly Care Services Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Service Type 

8.2.2.    By Service Provider 

9.    Madrid, Extremadura & Castilla Elderly Care Services Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Service Type 

9.2.2.    By Service Provider

10. Market Dynamics

10.1.             Drivers

10.2.             Challenges

11. Market Trends & Developments

11.1.             Recent Developments

11.2.             Mergers & Acquisitions

11.3.             Product Launches

12. Policy & Regulatory Landscape

13. Porter’s Five Forces Analysis

13.1.             Competition in the Industry

13.2.             Potential of New Entrants

13.3.             Power of Suppliers

13.4.             Power of Customers

13.5.             Threat of Substitute Products

14. Spain Economic Profile

15. Competitive Landscape

15.1.  EMEIS Group

              15.1.1.             Business Overview

              15.1.2.             Product Offerings

              15.1.3.             Recent Developments

              15.1.4.             Financials (As Reported)

              15.1.5.             Key Personnel

              15.1.6.             SWOT Analysis

15.2.  Korian Group

15.3.  Colisée España

15.4.  DomusVi SAS

15.5.  CARE FOR ME NURSING SERVICES SL

15.6.  British Care Services

15.7.  Geriasistencia SL

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

The market size of the Spain Elderly Care Services Market was estimated to be USD 7.89 Billion in 2024.

The Public service segment demonstrated significant dominance in 2024. This is due to government initiatives, increasing subsidies, and the growing need for affordable, accessible care options for Spain's aging population, particularly in rural areas.

Central Region of North Spain dominated the market with a revenue share in 2024. This is due to its strategic location, high urban population, economic strength, and advanced healthcare infrastructure, creating significant demand for elderly care services.

Demographic Transition and Government Support are the major drivers for the Spain Elderly Care Services Market.

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