+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
New

Global Long-term Care Market Size, Share & Trends Analysis Report by Service (Home Healthcare, Hospice & Palliative Care, Nursing Care, Assisted Living Facilities), by Region, and Segment Forecasts, 2022-2030

  • PDF Icon

    Report

  • 135 Pages
  • July 2022
  • Region: Global
  • Grand View Research
  • ID: 3822867
The global long-term care market size is expected to reach USD 1.7 trillion by 2030. It is expected to expand at a CAGR of 6.55% from 2022 to 2030. The market is expected to grow primarily owing to the rising prevalence of target diseases, especially Alzheimer’s and dementia, among the aging population. In addition to this, increasing awareness about different long-term care (LTC) facilities and increasing medical coverage for home healthcare are likely to benefit the market growth.

Changing healthcare scenarios has created new requirements in the market that define target group preferences. As a result, the market has expanded with a wide range of options to address financing and healthcare coordination. Furthermore, an increase in life expectancy necessitates the use of LTC services. The geriatric unmet requirements are also a factor in market expansion. Unnecessary hospitalization is prevented with the provision of at-home services, reducing healthcare expenditure and economic burden.

Due to the COVID-19 pandemic, clinical visits have become more difficult and hence home healthcare services & devices became an efficient alternative for patients. Nonetheless, there was a shortage of few home healthcare products as well leading to higher costs affecting the market growth. Nursing care and assisted living facilities were severely impacted during the pandemic due to a high patient pool, a shortage of healthcare professionals and supplies, high mortality, and a reduced admission rate.

Long-term Care Market Report Highlights

  • In terms of services, nursing care had the largest share in 2021 due to the large number of facilities that provide LTC services, medical support, and 24-hour support
  • The home health care segment accounted for the second-largest share in the service segment in 2021 due to increased awareness of such facilities, associated cost savings compared to hospitalization, and active health monitoring
  • The hospice and palliative care services segment is expected to grow rapidly during the forecast period due to the increased incidence of Alzheimer's disease and dementia and increased post-hospitalization services. In addition, compensation provided by public and private insurance companies freed residents from the out-of-pocket costs they had to pay.
  • The pandemic has hit the entire healthcare system, but the care facilities of the younger and older generations' in-home care programs suffered significantly
  • North America dominated the market in 2021. This is primarily due to advanced health infrastructure, awareness of the benefits of home health services, an increasing elderly population, and government support. About 13% of people in the United States are 65 or older, and it is estimated that by 2050, one in six Americans will be at least 65 years old.
  • Market players are also undertaking several strategic initiatives such as service portfolio expansion, partnership agreements, and mergers & acquisitions to increase their market shares. For instance, In July 2021, HCA Healthcare completed a USD400 million contract to acquire a majority interest in Brookdale Senior Living's home health and hospice businesses, as the hospital chain seeks to expand into the home health industry.


This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Long-term Care Market

What is the estimated value of the Global Long-term Care Market?

The Global Long-term Care Market was estimated to be valued at $1.1 trillion in 2022.

What is the growth rate of the Global Long-term Care Market?

The growth rate of the Global Long-term Care Market is 6.5%, with an estimated value of $1.7 trillion by 2030.

What is the forecasted size of the Global Long-term Care Market?

The Global Long-term Care Market is estimated to be worth $1.7 trillion by 2030.

Who are the key companies in the Global Long-term Care Market?

Key companies in the Global Long-term Care Market include Brookdale Senior Living Inc., Sunrise Senior Living, LLC, Kindred Healthcare, LLC, Genesis HealthCare, Extendicare, Capital Senior Living Corporation, Diversicare Healthcare Services, Inc., Home Instead, Inc. and Atria Senior Living, Inc..

Table of Contents

Chapter 1 Report Scope and Objectives
1.1 Market Segmentation
1.2 Regional Scope
1.3 Estimates and Forecast Timeline
1.4 Research Objectives
1.4.1 Objective - 1
1.4.2 Objective - 2
1.4.3 Objective - 3
Chapter 2 Methodology
2.1 Research Methodology
2.2 Information Procurement
2.2.1 Purchased Database
2.2.2 Internal Database
2.2.3 Secondary Sources
2.2.4 Primary Research
2.2.5 Details of Primary Research
2.3 Information or Data Analysis
2.3.1 Data Analysis Models
2.4 Market Formulation & Validation
2.5 Model Details
2.5.1 Commodity Flow Analysis
2.5.1.1 Approach 1: Commodity flow approach
2.5.2 Volume Price Analysis
2.5.2.1 Approach 2: Volume Price Analysis
2.6 List of Secondary Sources
2.7 List of Abbreviations
Chapter 3 Executive Summary
3.1 Market Outlook
3.2 Segment Outlook
3.3 Regional Outlook
3.4 Competitive Insights
Chapter 4 Market Variables, Trends & Scope
4.1 Market Lineage outlook
4.1.1 Parent market outlook
4.2 Market Dynamics
4.2.1 Market driver analysis
4.2.1.1 Growing geriatric population
4.2.1.2 Growing prevalence of target diseases, especially Alzheimer’s and other dementias
4.2.1.3 Increasing employment of women
4.2.1.4 Technological development
4.2.1.5 Increasing government involvement in therapeutic and vaccination in LTC facilities
4.2.2 Market restraint analysis
4.2.2.1 Lack of skilled human resources
4.2.2.2 Stringent regulations
4.2.2.3 Lower remunerations
4.2.3 Industry opportunities
4.3 Penetration & Growth Prospect Mapping
4.3.1 Penetration & growth prospect mapping analysis
4.4 Business Environment Analysis Tools
4.4.1 Porter’s five forces analysis
4.4.1.1 Competitive rivalry: High
4.4.1.2 Threat of new entrants: Moderate
4.4.1.3 Bargaining power of buyers: Moderate
4.4.1.4 Bargaining power of suppliers: Moderate
4.4.1.5 Threat of substitutes: Low
4.4.2 PESTEL Analysis
4.4.2.1 Political landscape
4.4.2.2 Economic and social landscape
4.4.2.3 Technology landscape
Chapter 5 Long-term care (LTC) Market: Service Analysis
5.1 Long-term care (LTC) Services Market Share Analysis, 2021 & 2030
5.2 Long-term care (LTC) Services Market: Segment Dashboard
5.3 Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the Services Segment
5.3.1 Home healthcare
5.3.1.1 Home healthcare market, 2017 - 2030 (USD Billion)
5.3.2 Hospice & Palliative Care
5.3.2.1 Hospice & Palliative Care market, 2017 - 2030 (USD Billion)
5.3.3 Nursing care
5.3.3.1 Nursing care market, 2017 - 2030 (USD Billion)
5.3.4 Assisted living facilities
5.3.4.1 Assisted living facilities market, 2017 - 2030 (USD Billion)
5.3.5 Others
5.3.5.1 Others market, 2017 - 2030 (USD Billion)
Chapter 6 Long-term care (LTC) Market: Regional Analysis
6.1 Long-term care (LTC) Regional Market Share Analysis, 2020 & 2030
6.2 Regional Market Snapshot
6.3 List of Players at Regional Level
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.4 Regional SWOT Analysis
6.4.1 North America
6.4.2 Europe
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 MEA
6.5 Market Size, & Forecasts, and Trend Analysis, 2017 to 2030
6.5.1 North America
6.5.1.1 North America long-term care market, 2017 - 2030 (USD Billion)
6.5.1.2 U.S.
6.5.1.2.1 Reimbursement scenario
6.5.1.2.2 U.S. long-term care market, 2017 - 2030 (USD Billion)
6.5.1.3 Canada
6.5.1.3.1 Reimbursement scenario
6.5.1.3.2 Canada long-term care market, 2017 - 2030 (USD Billion)
6.5.2 Europe
6.5.2.1 Europe long-term care market, 2017 - 2030 (USD Billion)
6.5.2.2 U.K.
6.5.2.2.1 Reimbursement scenario
6.5.2.2.2 U.K. long-term care market, 2017- 2030 (USD Billion)
6.5.2.3 Germany
6.5.2.3.1 Reimbursement scenario
6.5.2.3.2 Germany long-term care market, 2017- 2030 (USD Billion)
6.5.2.4 France
6.5.2.4.1 Reimbursement scenario
6.5.2.4.2 France long-term care market, 2017- 2030 (USD Billion)
6.5.2.5 Italy
6.5.2.5.1 Reimbursement scenario
6.5.2.5.2 Italy long-term care market, 2017- 2030 (USD Billion)
6.5.2.6 Spain
6.5.2.6.1 Reimbursement scenario
6.5.2.6.2 Spain long-term care market, 2017 - 2030 (USD Billion)
6.5.3 Asia Pacific
6.5.3.1 Asia Pacific long-term care market, 2017 - 2030 (USD Billion)
6.5.3.2 Japan
6.5.3.2.1 Reimbursement scenario
6.5.3.2.2 Japan long-term care market, 2017 - 2030 (USD Billion)
6.5.3.3 China
6.5.3.3.1 Reimbursement scenario
6.5.3.3.2 China long-term care market, 2017 - 2030 (USD Billion)
6.5.3.4 India
6.5.3.4.1 Reimbursement scenario
6.5.3.4.2 India long-term care market, 2017 - 2030 (USD Billion)
6.5.3.5 Australia
6.5.3.5.1 Reimbursement scenario
6.5.3.5.2 Australia long-term care market, 2017 - 2030 (USD Billion)
6.5.4 Latin America
6.5.4.1 Latin America long-term care market, 2017 - 2030 (USD Billion)
6.5.4.2 Brazil
6.5.4.2.1 Reimbursement scenario
6.5.4.2.2 Brazil long-term care market, 2017 - 2030 (USD Billion)
6.5.4.3 Mexico
6.5.4.3.1 Reimbursement scenario
6.5.4.3.2 Mexico long-term care market, 2017 - 2030 (USD Billion)
6.5.4.4 Argentina
6.5.4.4.1 Argentina long-term care market, 2017 - 2030 (USD Billion)
6.5.5 Middle East and Africa
6.5.5.1 MEA long-term care market, 2017 - 2030 (USD Billion)
6.5.5.2 South Africa
6.5.5.2.1 South Africa long-term care market, 2017 - 2030 (USD Billion)
Chapter 7 Competitive Analysis
7.1 Recent developments & impact analysis, by key market participants
7.2 Competition Categorization (Key innovators, Market leaders, emerging players
7.3 Company Market Position Analysis
7.4 Company Profiles
7.4.1 Brookdale Senior Living Inc.
7.4.1.1 Company overview
7.4.1.2 Financial performance
7.4.1.3 Service benchmarking
7.4.1.4 Strategic initiatives
7.4.1.5 SWOT analysis
7.4.2 Sunrise Senior Living, LLC
7.4.2.1 Company overview
7.4.2.2 Financial performance
7.4.2.3 Service benchmarking
7.4.2.4 Strategic initiatives
7.4.2.5 SWOT analysis
7.4.3 Kindred Healthcare, LLC
7.4.3.1 Company overview
7.4.3.2 Financial performance
7.4.3.3 Service benchmarking
7.4.3.4 Strategic initiatives
7.4.3.5 SWOT analysis
7.4.4 Genesis HealthCare
7.4.4.1 Company overview
7.4.4.2 Financial performance
7.4.4.3 Service benchmarking
7.4.4.4 Strategic initiatives
7.4.4.5 SWOT analysis
7.4.5 Extendicare
7.4.5.1 Company overview
7.4.5.2 Financial performance
7.4.5.3 Service benchmarking
7.4.6 Capital Senior Living Corporation
7.4.6.1 Company overview
7.4.6.2 Financial performance
7.4.6.3 Service benchmarking
7.4.6.4 Strategic initiatives
7.4.6.5 SWOT analysis
7.4.7 Diversicare Healthcare Services, Inc.
7.4.7.1 Company overview
7.4.7.2 Financial performance
7.4.7.3 Service benchmarking
7.4.7.4 Strategic initiatives
7.4.7.5 SWOT analysis
7.4.8 Home Instead, Inc.
7.4.8.1 Company overview
7.4.8.2 Financial performance
7.4.8.3 Service benchmarking
7.4.8.4 Strategic initiatives
7.4.9 Senior Care Center
7.4.9.1 Company overview
7.4.9.2 Financial performance
7.4.9.3 Service benchmarking
7.4.9.4 Strategic initiatives
7.4.10 Atria Senior Living, Inc.
7.4.10.1 Company overview
7.4.10.2 Financial performance
7.4.10.3 Service benchmarking
7.4.10.4 Strategic initiatives
Chapter 8 Recommendations
List of Tables
1. List of secondary sources
2. List of abbreviations
3. Recommendations of vaccines and their dosage
4. Suppliers for the LTC market
5. List of few home healthcare companies in the U.S
6. List of few hospice & palliative care companies in the U.S
7. List of few nursing care companies in the U.S
8. List of few assisted living facilities in the U.S
9. List of players in North America
10. List of players in Europe
11. List of players in the Asia Pacific
12. Estimated number of future dependents, by the level of dependency
13. National legislation on aging in countries in the Economic and Social Commission for Asia and the Pacific (ESCAP) region
14. North America long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
15. U.S. long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
16. Canada long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
17. Europe long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
18. U.K. long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
19. Germany long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
20. France long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
21. Italy long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
22. Spain long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
23. Asia Pacific long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
24. China long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
25. Japan long -- term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
26. India long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
27. Australia long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
28. Latin America long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
29. Brazil long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
30. Mexico long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
31. Argentina long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
32. Middle East & Africa (MEA) long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
33. South Africa long-term care market revenue estimates and forecast, by service, 2017-2030 (USD Billion)
List of Figures
1. Market research process
2. Data triangulation techniques
3. Primary research pattern
4. Market research approaches
5. Value-chain-based sizing & forecasting
6. QFD modeling for market share assessment
7. Market formulation & validation
8. Market outlook
9. Long-term care market segmentation
10. Market trends & outlook
11. Market driver relevance analysis (Current & future impact)
12. Percentage distribution of the population aged 65 and over by region: 2015 and 2050
13. Proportion of people with Alzheimer’s, by age group
14. Number of people with dementia, by country type, 2013-2050 (Million)
15. Women employment trend in the U.S., 2015 and 2024
16. Market restraint relevance analysis (Current & future impact)
17. Penetration & growth prospect mapping
18. PORTER'S five forces analysis
19. PESTLE analysis
20. Long-term care (LTC) service market share analysis, (USD Billion)
21. Long-term care (LTC) service market: Segment dashboard
22. Home healthcare market, 2017-2030 (USD Billion)
23. Hospice & palliative care market, 2017-2030 (USD Billion)
24. Nursing care market, 2017-2030 (USD Billion)
25. Assisted living facilities market, 2017-2030 (USD Billion)
26. Long-term care (LTC) regional market share analysis, (USD Billion)
27. Long-term care (LTC) regional market: Segment dashboard
28. Regional market snapshot
29. North America long-term care market, 2017-2030 (USD Billion)
30. U.S. long-term care market, 2017-2030 (USD Billion)
31. Canada long-term care market, 2017-2030 (USD Billion)
32. Europe long-term care market, 2017-2030 (USD Billion)
33. U.K.. long-term care market, 2017-2030 (USD Billion)
34. Germany long-term care market, 2017-2030 (USD Billion)
35. France long-term care market, 2017-2030 (USD Billion)
36. Italy long-term care market, 2017-2030 (USD Billion)
37. Spain long-term care market, 2017-2030 (USD Billion)
38. Asia Pacific long-term care market, 2017-2030 (USD Billion)
39. Japan long-term care market, 2017-2030 (USD Billion)
40. China long-term care market, 2017-2030 (USD Billion)
41. India long-term care market, 2017-2030 (USD Billion)
42. Australia long-term care market, 2017-2030 (USD Billion)
43. Latin America long-term care market, 2017-2030 (USD Billion)
44. Brazil long-term care market, 2017-2030 (USD Billion)
45. Mexico long-term care market, 2017-2030 (USD Billion)
46. Argentina long-term care market, 2017-2030 (USD Billion)
47. MEA long-term care market, 2017-2030 (USD Billion)
48. South Africa long-term care market, 2017-2030 (USD Billion)
49. Recent development and impact analysis
50. Competition categorization
51. Company market position analysis

Companies Mentioned

  • Brookdale Senior Living Inc.
  • Sunrise Senior Living, LLC
  • Kindred Healthcare, LLC
  • Genesis HealthCare
  • Extendicare
  • Capital Senior Living Corporation
  • Diversicare Healthcare Services, Inc.
  • Home Instead, Inc.
  • Senior Care Center
  • Atria Senior Living, Inc.

Methodology

Loading
LOADING...