The social assistance industry includes establishments that provide a wide range of social assistance services to their clients. It includes child day care services, community food housing and relief services, and individual and family services. These services do not include residential or accommodation services, except on a short-day basis.
The top five companies covered are Bill & Melinda Gates Foundation, World Food Programme, Unicef, The Salvation Army and Feeding America. Bill & Melinda Gates Foundation was the largest company in the social assistance market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Social Assistance Market Size
The global social assistance market was valued at over $1 trillion in 2017. Asia Pacific was the largest region in the social assistance market in 2017, accounting for around 43% market share. China was the largest country in the market in 2017, accounting for around 19% market share.
Social Assistance Market Trend
Adult day care service providers are adopting the latest technologies to enhance service quality being offered to senior citizens. They are widely using technologies such as wearables’, geo-fencing and thermostats. Geo fencing devices track medication, Alzheimer's wandering activity, inactivity, falls, and real-time health information, whereas thermostat regulates the temperature in a facility by turning on and switching of the heating system.
Social Assistance Market Segmentation
This social assistance market is segmented into Community And Individual Services and Child Day Care Services.
Child Day Care Services includes establishments involved in providing day care for infants or children. They provide care for pre-school children, and offer pre-kindergarten and kindergarten educational programs. For example, this industry includes child day care babysitting services, nursery schools, child or infant day care centers, and pre-school centers.
Community And Individual Services includes establishments involved in collecting, preparing, and delivering food for the needy, providing short-term emergency shelter, temporary residential shelters, transitional housing, and providing food, shelter, clothing, medical relief, resettlement, and counselling to victims of domestic or international disasters.