Global Long Term Care Market Overview
Long-term care encompasses a good range of care levels or settings like adult daycare, home, hospices, and residential health. A spread of things and aspects has shaped the demand dynamic within the long-term care market. Broadly, health and functional status of people has played a key role choose the choices they think are useful. This aside, the supply of resources is that the key aspect defining their choices. Prominently, long-term care needs are in large demands in ageing populations, and services became common in developed countries. In many cases, new demands have emerged within the long-term care market because of transitions in care settings and needs, thereby defining the preferences of target populations. The market has thus evolved broadly on the rear of expanding array of options that take under consideration financing and coordination of care. The Long Term Care Market accounted for US$ 986.45 billion in 2020 and is estimated to be US$ 2000.67 billion by 2030 and is anticipated to register a CAGR of 7.4%.
Global Long Term Care Market Dynamics
Increasing geriatric population
The upsurge in the geriatric population of age 85 & older will drive the segmental growth during the forecast period. According to the United Nations, in 2019, the number of populations aged 80 years or over is projected to triple, from 143 million in 2019 to 426 million in 2050. Additionally, rise in the number of patients suffering from life-threatening diseases such as cardiovascular disease, Alzheimer’s, and osteoporosis among others are further propelling the segmental market growth.
Increasing government’s initiatives
Governments in various developing and developed nations are adopting policies that aim to prolong the productive lifespan of aging populations. This has imparted a significant momentum to the expansion of the long-term care market. Over the past few years, nursing homes are seeing growth in people who demand mental health and counseling services. According to the American Association of Long-Term Care Insurance, more than 8 million U.S. citizens have long term care insurance. Employers are taking initiatives to provide long term care services to their employees. For instance, Medtronic sponsors a group LTC insurance plan for its employees. This plan is aimed at protecting employees from high costs associated with long term care services at home, in community care, and assisted living facilities.
However, the cost of insurance in long term care market might be hampering the growth of the market.
Global Long Term Care Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global long term care market is segmented based on service, paper type, and region.
On the basis of service, the global long term care market is segmented into home healthcare, hospice, nursing care, and assisted living facilities. On the basis of payer type, market is divided into public, private and out-of-pocket.
Regional Insights:
The global long term care market accounted for US$ 986.45 billion in 2020 and is estimated to be US$ 2000.67 billion by 2030 and is anticipated to register a CAGR of 7.4%. On region the global long term care market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global LTC market owing to the high percentage of geriatric population, greater government funding, and implementation of a streamlined regulatory framework. Around 60% of the funding for long term care in the U.S. comes from Medicaid. The funding increased with the implementation of the Patient Protection and Affordable Care Act. Under the Affordable Care Act, a separate system called Medicare Prospective Payment System (MPPS) was started to support long term services.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Service- Home Healthcare, Hospice, Nursing Care, and Assisted Living Facilities
By Payer Type- Private, Public and Out-of-Pocket |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global long term care market report based on service, paper type, and region.
Global Long Term Care Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Long Term Care Market Key Players
The key players operating in the global long term care market includes 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. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen.
Global Long Term Care Market Company Profile
- Brookdale Senior Living, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sunrise Carlisle
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Atria Senior Living Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Extendicare, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Capital Senior Living
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Diversicare Healthcare Services Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Kindred Healthcare, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Genesis Healthcare Corp.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Senior Care Centers of America
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Home Instead Senior Care, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Long Term Care Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Long Term Care Strategies
- Key Questions this Study will Answer
- Market Snippet, By Service
- Market Snippet, By Payer Type
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Long Term Care Market, By Service, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Home Healthcare
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Hospice
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Nursing Care
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Assisted Living Facilities
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Long Term Care Market, By Payer Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Public
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Private
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Out-of-Pocket
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Long Term Care Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Service, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Payer Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Service, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Payer Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Overview
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Service, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Payer Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Service, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Payer Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
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- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Service, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Payer Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
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- GCC
- Israel
- South Africa
- Rest of Middle East
- Asia Pacific
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Brookdale Senior Living, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- 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.
- Brookdale Senior Living, Inc.
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- The Last Word
- Future Impact
- About Us
- Contact
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Long Term Care Market: Service Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Service
TABLE Global Long Term Care Market, by Service 2016-2027 (USD Million)
TABLE Long Term Care Market: Regional snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Long Term Care Market, by Region 2016-2027 (USD Million)
TABLE North America Long Term Care Market, by Country, 2016-2027 (USD Million)
TABLE North America Long Term Care Market, by Service, 2016-2027 (USD Million)
TABLE Europe Long Term Care Market, by Country, 2016-2027 (USD Million)
TABLE Europe Long Term Care Market, by Service, 2016-2027 (USD Million)
TABLE Asia Pacific Long Term Care Market, by Country, 2016-2027 (USD Million)
TABLE Asia Pacific Long Term Care Market, by Service, 2016-2027 (USD Million)
TABLE Latin America Long Term Care Market, by Country, 2016-2027 (USD Million)
TABLE Latin America Long Term Care Market, by Service, 2016-2027 (USD Million)
TABLE Middle East and Africa Long Term Care Market, by Country, 2016-2027 (USD Million)
TABLE Middle East and Africa Long Term Care Market, by Service, 2016-2027 (USD Million)
List of Figures
FIGURE Long Term Care Market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE COVID-19 Impact Analysis
FIGURE Pre & Post COVID-19 Impact Comparison Study
FIGURE Competitive Landscape; Key company market share analysis, 2019
FIGURE Service segment market share analysis, 2020 & 2027
FIGURE Service segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Regional segment market share analysis, 2020 & 2027
FIGURE Regional segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE North America Long Term Care Market share and leading players, 2019
FIGURE Europe Long Term Care Market share and leading players, 2019
FIGURE Asia Pacific Long Term Care Market share and leading players, 2019
FIGURE Latin America Long Term Care Market share and leading players, 2019
FIGURE Middle East and Africa Long Term Care Market share and leading players, 2019
FIGURE North America market share analysis by country, 2019
FIGURE U.S. Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Canada Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Europe Long Term Care Market share analysis by country, 2019
FIGURE Germany Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Spain Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Italy Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE UK Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE France Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Rest of the Europe Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Asia Pacific Long Term Care Market share analysis by country, 2019
FIGURE India Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE China Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Japan Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE South Korea Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Singapore Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Rest of APAC Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Latin America Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Latin America Long Term Care Market share analysis by country, 2019
FIGURE Brazil Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Mexico Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Argentina Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Rest of LATAM Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Middle East and Africa Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Middle East and Africa Long Term Care Market share analysis by country, 2019
FIGURE Saudi Arabia Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE United Arab Emirates Long Term Care Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FAQs
The global long term care market is segmented based on service, paper type, and region.
Rising initiatives by government bodies due to the COVID-19 outbreak is the major factor driving growth of the global market
North America dominated the global LTC market owing to the high percentage of geriatric population, greater government funding, and implementation of a streamlined regulatory framework.
Key players operating in the global long term care market includes 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.