Global Long Term Care Market by Service Types, Application, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The global long term care market was valued at USD 1 trillion in 2019 and is expected to reach USD 1.7 trillion by 2026, expanding at a CAGR of around 7.1% during the forecast period, 2020–2026.

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Long term care involves a variety of services designed to meet a person’s health or personal care needs during a short or long period of time. Long-term care encompasses a wide range of care levels or settings such as adult day care, nursing home, hospices, and home health. A variety of factors and aspects has shaped the demand dynamic in the long-term care market. Broadly, health and functional status of individuals has played a key role in deciding the options they think are useful. This aside, the availability of resources is the key aspect defining their choices.

Prominently, long-term care needs have been in large demands in aging populations, and services have become common in developed countries. In many cases, new demands have emerged in the long-term care market due to transitions in care settings and needs, thereby defining the preferences of target populations. The market has thus evolved broadly on the back of expanding array of options that take into account of financing and coordination of care. The government is taking initiatives to decrease the cost burden on residents who cannot afford long term care facilities by improving the healthcare insurance coverage and decreasing overall premiums required to be paid.

Market Trends, Drivers, Restraints, and Opportunities:

Growing population with chronic conditions or illnesses and shifting preferences of people, are some of the key trends driving the growth of the long term care market and thus fueling the growth of the market.
Growing individuals with hypertension, osteoporosis, osteoarthritis, and type 2 diabetes in developed nations have spurred demand for adult day care. This, in turn, is driving the growth for the market.
Rapidly aging population is a prominent factor driving demands in the long-term care market.
Stringent government regulations, is a key restraint of the market.
High amount of cost and highly priced prosthetic equipment and extremely costly surgeries hampers the growth of the
Risks and complications related to the advanced healthcare devices hampers the growth of the market.
Governments in various developing and developed nations are adopting policies that aim to prolong the productive lifespan of aging populations, which is one of the positive trends that is going to foster the growth of the market during the forecast period.
Market contributors are expanding their capacity to cater to the increasing demand for geriatric long-term care services., is a key market opportunity.

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Competitive Landscape:

Major players in the global 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., and Amedisys, Inc.

The Global Long Term Care Market has been segmented on the basis of

Service Types

Home Healthcare
Hospice
Nursing Care
Assisted Living Facilities

Application

Hospital
Nursing Home
Clinic
Others

Regions

Asia Pacific
Europe
North America
Middle East & Africa
Latin America

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Table of Contents

Executive Summary
Assumptions and Acronyms Used
Research Methodology
Long Term Care Market Overview
Global Long Term Care Market Analysis and Forecast by Type
Global Long Term Care Market Analysis and Forecast by Application
Global Long Term Care Market Analysis and Forecast by Sales Channel
Global Long Term Care Market Analysis and Forecast by Region
North Long Term Care Market Analysis and Forecast
Latin Long Term Care Market Analysis and Forecast
Europe Long Term Care Market Analysis and Forecast
Asia Pacific Long Term Care Market Analysis and Forecast
Middle East & Africa Long Term Care Market Analysis and Forecast
Competition Landscape

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