Individual and family services include establishments that offer nonresidential 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.
Individual and Family Services Global Market Size
The global individual and family services market was valued at $308.1 billion in 2017. Asia Pacific was the largest geographic region accounting for $132.2 billion or 42.9% of the global market. China was the largest country accounting for $57.0 billion or 18.5% of the global individual and family services market.
Individual and Family Services Global Market Trend
Individual and family services providers are increasingly using data-driven approach such as big data and predictive analytics to gather deep insights of foster kids and kids from low income group sections. Predictive analytics involves the use of data, statistical algorithms and machine learning techniques to identify the likelihood of future outcomes based on historical data. Big data analytics involves extracting hidden patterns and useful information from a large set of data. These techniques help in reporting, detecting, or correcting a non-compliance while monitoring target population. For instance, Hillside Family of Agencies, a human services provider for youth and families, is using predictive analytics to reduce the dropout rates among youth in high school. Good Samaritan Society, a non-profit provider of senior care and services, has partnered with IBM to use big data and analytics software for its clinical and operational data about the patients.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Individual and Family Services Global Market Segmentation
The individual and family services market is segmented into Child And Youth Services, Services For the Elderly And Persons with Disabilities, and Other Individual And Family Services.
Child And Youth Services comprises establishments primarily engaged in providing nonresidential social assistance services for children and youth. 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.
Services For the Elderly And Persons with Disabilities comprises establishments primarily engaged in providing nonresidential social assistance services to improve the quality of life for the elderly, persons diagnosed with intellectual and developmental disabilities, or persons with disabilities. These establishments provide for the welfare of these individuals in such areas as day care, nonmedical home care or homemaker services, social activities, group support, and companionship.
Other Individual And Family Services comprises establishments primarily engaged in providing nonresidential individual and family social assistance services (except those specifically directed toward children, the elderly, persons diagnosed with intellectual and developmental disabilities, or persons with disabilities).
