The global long term care market size reached US$ 1,079.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,748.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Long Term Care
Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2024-2032," the global long term care market size reached US$
1,079.1 Billion in 2023.
Long term care represents several services that assist individuals with
cognitive or functional limitations in performing activities of daily living (ADLs),
which include eating, walking, grooming, bathing, dressing, using the toilet,
etc.
They comprise of conventional health services, such as rehabilitation,
management of chronic geriatric conditions, palliation, etc., and even cover
certain community services, including adult day care, meals, transportation
services, etc. As a result, long term care solutions are in high demand among
consumers across the globe.
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term-care-market/requestsample
4. Report Description
Global Long Term Care Market Trends:
The rising geriatric population afflicted with diabetes, arthritis, pulmonary illnesses, age-related hearing loss,
dementia, Alzheimer ’s, etc., is primarily driving the long term care market. Besides this, the growing number of
children suffering from cerebral palsy, down syndrome, and other developmental disorders is also positively
influencing the global market. Moreover, the increasing risk of losing functional capacity among adults who have
encountered road accidents and the shifting preferences towards continuity of physician-directed care provided by
licensed nurses and practitioners after discharge from the hospital are acting as significant growth-inducing
factors.
Additionally, the elevating usage of advanced technologies, such as wander management systems, call systems,
nonslip footwear, hip protectors, etc., by the key market players to provide comprehensive assistance is expected
to propel the long term care market over the forecasted period.
Looking forward, IMARC Group expects the market to reach US$ 1,748.7 Billion by 2032, exhibiting a
grow th rate (CAGR) of 5.4% during 2024-2032.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/long-term-care-market
5. Report
Segmentation
Breakup by Service:
• Home Healthcare
• Hospice
• Nursing Care
• Assisted Living Facilities
• Others
Breakup by Gender:
• Male
• Female
Breakup by Payer:
• Public
• Private
• Out-of-Pocket
7. Competitive
Landscape with
Key Players
• Amedisys Inc.
• Atria Senior Living Inc. (Wickshire Senior Living)
• Brookdale Senior Living Inc.
• Diversicare Healthcare Services Inc.
• Extendicare Inc.
• Genesis HealthCare
• Home Instead Inc. (Honor Technology Inc.)
• Kindred Healthcare (LifePoint Health Inc.)
• LHC Group Inc. (UnitedHealth Group Incorporated)
• Sonida Senior Living Corporation
• Sunrise Senior Living (Revera Inc.)
• Trinity Health
8. Key Questions
Answered in
the Report
What was the size of the global long term care market in
2023?
What is the expected growth rate of the global long term care
market during 2024-2032?
What are the key factors driving the global long term care
market?
What has been the impact of COVID-19 on the global long
term care market?
What is the breakup of the global long term care market based
on the service?
What are the key regions in the global long term care market?
Who are the key players/companies in the global long term
care market?
9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Long Term Care Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Service
6.1 Home Healthcare
6.1.1 Mark et Trends
6.1.2 Mark et Forecast
6.2 Hospice
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Nursing Care
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
10. Table of
Contents
6.4 Assisted Living Facilities
6.4.1 Mark et Trends
6.4.2 Mark et Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Mark et Forecast
7 Market Breakup by Gender
7.1 Male
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Female
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
8 Market Breakup by Payer
8.1 Public
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 Private
8.2.1 Mark et Trends
8.2.2 Mark et Forecast
8.3 Out-of-Pocket
8.3.1 Mark et Trends
8.3.2 Mark et Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Mark et Trends
9.1.1.2 Mark et Forecast
9.1.2 Canada
9.1.2.1 Mark et Trends
9.1.2.2 Mark et Forecast
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