The global demand for Long-term Care Market is presumed to reach the market size of nearly USD 1747.85 MN by 2028 from USD 1050.1 MN in 2021 with a CAGR of 7.55% under the study period 2022 - 2028.
Long-term care is a service that aims to meet personal care needs for a long or short period. Long-term care services help people live independently and safely when they cannot do their daily routine activities on their own due to physical or mental illnesses. Long-term care services include bathing, dressing, eating, using the toilet, transferring (moving from a bed to a chair), and incontinence. Long-term care service's goal is to create an environment for chronically ill individuals that maximize their ability to exist as independent, functioning individuals.
The growing elderly population and increased healthcare spending across geographies are the main drivers influencing the growth of the long-term care services market. Also, the rising prevalence of chronic diseases such as stroke, dementia, COPD, and hypertension, particularly among elders, is expected to contribute to market growth significantly. Moreover, increasing awareness about the long-term care facilities in developing economies is anticipated to provide lucrative market opportunities for the market players. Furthermore, the ongoing technological advancements in medical and diagnostic devices are expected to influence market growth. Additionally, the long-term care market is predicted to boom due to the ageing baby boomers, a shortage of competent nursing staff, government funding, and expanded collaborations between commercial insurers and various governments. However high cost of long-term care services may hamper the market progression.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of long-term care. The growth and trends of long-term care industry provide a holistic approach to this study.
This section of the long-term care market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Home Healthcare
- Hospice & Palliative Care
- Nursing Care
- Assisted Living Facilities
This section covers the regional outlook, which accentuates current and future demand for the Long-term Care market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Long-term Care Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the long-term care market include Brookdale Senior Living Inc., Sunrise Carlisle, LP, Atria Senior Living Group, Extendicare, Inc., Capital Senior Living, Diversicare Healthcare Services Inc., Kindred Healthcare, Inc., Genesis Healthcare Corp., Senior Care Centers of America, Home Instead Senior Care, Inc., Amedisys, Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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