Market Overview:
The global long-term care market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing geriatric population and rising prevalence of chronic diseases. In addition, the growing demand for home healthcare services and increasing awareness about long-term care are also contributing to the growth of this market. On the basis of type, the global long-term care market is segmented into home healthcare, hospice, nursing care, and assisted living facilities. Home healthcare services are expected to witness highest growth during the forecast period owing to their growing popularity among consumers due to their cost-effective nature as compared with other types of long-term care services. On the basis of application, hospitals account for majority share in terms of revenue in this market followed by nursing homes and clinics respectively. Hospitals are expected witness highest growth during forecast period owing rising number patients suffering from chronic diseases that require prolonged hospitalization or postoperative rehabilitation therapy which can be provided through these institutions only .
Product Definition:
Long-term care (LTC) is a type of care that supports people with chronic needs and disabilities over an extended period of time. It can include a wide range of services, from personal care to nursing home stays. The importance of long-term care cannot be overstated. Every day, millions of Americans rely on LTC services to help them live their lives as fully and independently as possible.
Home Healthcare:
Home healthcare is a service that helps to provide medical care at home. It provides in-home assistance for patients who are unable to receive the same level of care from a hospital or other health facility. Home healthcare services can be provided by either non-profit or for-profit organizations. The two major types of home healthcare include nursing and assisted living/vichy (inpatient).
Hospice:
Hospice is a care and treatment provided to the terminally ill. It provides companionship, comfort, and assistance with as little stress as possible to the patient. The patients are free from pain or any other symptoms that would disrupt their last days.
Application Insights:
The hospital application segment led the market and accounted for more than a third of the global share in 2017. This is attributed to an increase in geriatric population, which often requires long-term care at hospitals. Furthermore, rising incidences of chronic diseases and mental disorders are driving the demand for LTC facilities at hospitals. The number of aged people with chronic conditions has been increasing steadily over the past few years across all regions, thus fueling demand for healthcare services generally and LTC facilities specifically.
According to data published by WHO in 2018, it is estimated that around 1 person out of 3 above 65 years old suffers from some form of disability or another; this proportion is expected to increase to 1 person out on 2 by 2050 globally.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2016. The growth can be attributed to the presence of a large geriatric population base, high disposable income, and favorable reimbursement policies & regulatory reforms. Europe is expected to witness significant growth over the forecast period owing to an increase in demand for long-term care services as well as supportive government initiatives such as social care funding and reform of public systems.
The key players operating in this industry are not new entrants; most have been around for decades and some even centuries. However, there has been a shift towards new entrants from other segments owing their ability (or inability)to provide better LTC solutions at lower cost than incumbents/traditional providers do.
Growth Factors:
- Aging population: The number of people aged 65 and over is projected to more than double from 547 million in 2010 to 1.3 billion by 2050, according to the United Nations Department of Economic and Social Affairs Population Division. This will create a greater demand for long-term care services.
- Increased life expectancy: People are living longer than ever before, which means they are more likely to require long-term care services as they age.
- Rising health care costs: The cost of health care continues to rise, making it increasingly difficult for people to pay for long-term care on their own.
- Shift from institutionalized care to homecare: There has been a shift towards providing long-term care services in the home instead of in institutions such as nursing homes, due in part to the high cost of institutionalized care and the desire among many seniors for greater independence and autonomy . 5 . Government initiatives supporting homecare: Governments around the world are implementing policies that support homecare over institutionalized care, such as providing financial assistance or tax breaks for those who choose homecare or increasing funding for programs that promote community-based eldercare
Scope Of The Report
Report Attributes
Report Details
Report Title
Long-Term Care Market Research Report
By Type
Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities
By Application
Hospital, Nursing Home, Clinic
By Companies
Brookdale Senior Living, Sunrise Senior Living, Emeritus, Atria Senior Living, Extendicare, Gentiva Health Services, Senior Care Centers of America, Kindred Healthcar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Long-Term Care Market Report Segments:
The global Long-Term Care market is segmented on the basis of:
Types
Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Nursing Home, Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Brookdale Senior Living
- Sunrise Senior Living
- Emeritus
- Atria Senior Living
- Extendicare
- Gentiva Health Services
- Senior Care Centers of America
- Kindred Healthcar
Highlights of The Long-Term Care Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Home Healthcare
- Hospice
- Nursing Care
- Assisted Living Facilities
- By Application:
- Hospital
- Nursing Home
- Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Long-Term Care Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Long-term care is a type of care that helps people stay in their homes and communities as they age. It can include help with activities of daily living, such as bathing, dressing, eating and walking; assistance with managing finances; companionship; and medical services. Long-term care can be provided in a home or in an institutional setting.
Some of the key players operating in the long-term care market are Brookdale Senior Living, Sunrise Senior Living, Emeritus, Atria Senior Living, Extendicare, Gentiva Health Services, Senior Care Centers of America, Kindred Healthcar.
The long-term care market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Long-Term Care Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Long-Term Care Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Long-Term Care Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Long-Term Care Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Long-Term Care Market Size & Forecast, 2018-2028
4.5.1 Long-Term Care Market Size and Y-o-Y Growth
4.5.2 Long-Term Care Market Absolute $ Opportunity
Chapter 5 Global Long-Term Care Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Long-Term Care Market Size Forecast by Type
5.2.1 Home Healthcare
5.2.2 Hospice
5.2.3 Nursing Care
5.2.4 Assisted Living Facilities
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Long-Term Care Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Long-Term Care Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Nursing Home
6.2.3 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Long-Term Care Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Long-Term Care Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Long-Term Care Analysis and Forecast
9.1 Introduction
9.2 North America Long-Term Care Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Long-Term Care Market Size Forecast by Type
9.6.1 Home Healthcare
9.6.2 Hospice
9.6.3 Nursing Care
9.6.4 Assisted Living Facilities
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Long-Term Care Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Nursing Home
9.10.3 Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Long-Term Care Analysis and Forecast
10.1 Introduction
10.2 Europe Long-Term Care Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Long-Term Care Market Size Forecast by Type
10.6.1 Home Healthcare
10.6.2 Hospice
10.6.3 Nursing Care
10.6.4 Assisted Living Facilities
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Long-Term Care Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Nursing Home
10.10.3 Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Long-Term Care Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Long-Term Care Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Long-Term Care Market Size Forecast by Type
11.6.1 Home Healthcare
11.6.2 Hospice
11.6.3 Nursing Care
11.6.4 Assisted Living Facilities
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Long-Term Care Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Nursing Home
11.10.3 Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Long-Term Care Analysis and Forecast
12.1 Introduction
12.2 Latin America Long-Term Care Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Long-Term Care Market Size Forecast by Type
12.6.1 Home Healthcare
12.6.2 Hospice
12.6.3 Nursing Care
12.6.4 Assisted Living Facilities
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Long-Term Care Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Nursing Home
12.10.3 Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Long-Term Care Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Long-Term Care Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Long-Term Care Market Size Forecast by Type
13.6.1 Home Healthcare
13.6.2 Hospice
13.6.3 Nursing Care
13.6.4 Assisted Living Facilities
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Long-Term Care Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Nursing Home
13.10.3 Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Long-Term Care Market: Competitive Dashboard
14.2 Global Long-Term Care Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Brookdale Senior Living
14.3.2 Sunrise Senior Living
14.3.3 Emeritus
14.3.4 Atria Senior Living
14.3.5 Extendicare
14.3.6 Gentiva Health Services
14.3.7 Senior Care Centers of America
14.3.8 Kindred Healthcar
