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Long Term Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global long term care market size reached US$ 1,018 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,461 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.

Long term care (LTC) assists individuals with functional or cognitive limitations in performing activities of daily living (ADLs), which include walking, grooming, bathing, dressing, eating, using the toilet, and moving around. It comprises conventional health services, such as the management of chronic geriatric conditions, rehabilitation, palliation, promotion, and preventative services. It is provided in private homes, adult day-care settings, residential care/assisted living facilities and nursing homes. At present, there is a rise in the geriatric population with diabetes, arthritis, pulmonary disease, age-related hearing loss, and cognitive illnesses like dementia and Alzheimer’s. As a result, the demand for LTC is escalating across the globe.

Long Term Care Market Trends:

At present, LTC facilities provide care to people with chronic conditions and multiple co-morbidities. This, coupled with the increasing number of children with down syndrome, cerebral palsy, and other developmental disorders, represents one of the key factors propelling the growth of the market. Besides this, younger adults are considerably at the risk of losing functional capacity on account of a rise in road accidents. Consequently, there is a rise in the demand for LTC as it offers continuity of care after discharge from a hospital, which is physician-directed care provided by licensed nurses and practitioners. Moreover, the increasing number of hospitalizations on account of the coronavirus disease (COVID-19) outbreak is positively influencing the market. Apart from this, LTC firms are utilizing safety technologies, such as nonslip footwear, hip protectors, wander management systems and call systems, for assistance. This, along with the rising awareness about the benefits of LTC insurance, is projected to strengthen the growth of the market in the forecasted period.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global long term care market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service, gender and payer.

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
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.) and Trinity Health.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Service, Gender, Payer, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.) and Trinity Health
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global long term care market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global long term care market?
  • What are the key regional markets?
  • What is the breakup of the market based on the service?
  • What is the breakup of the market based on the gender?
  • What is the breakup of the market based on the payer?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global long term care market and who are the key players?
  • What is the degree of competition in the industry?

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 Market Trends
        6.1.2 Market Forecast
    6.2    Hospice
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Nursing Care
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Assisted Living Facilities
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7   Market Breakup by Gender
    7.1    Male
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Female
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Payer
    8.1    Public
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Private
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Out-of-Pocket
        8.3.1 Market Trends
        8.3.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Amedisys Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Atria Senior Living Inc. (Wickshire Senior Living)
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Brookdale Senior Living Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Diversicare Healthcare Services Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Extendicare Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
        14.3.6    Genesis HealthCare
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Home Instead Inc. (Honor Technology Inc.)
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Kindred Healthcare (LifePoint Health Inc.)
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    LHC Group Inc. (UnitedHealth Group Incorporated)
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10    Sonida Senior Living Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Sunrise Senior Living (Revera Inc.)
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Trinity Health
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 SWOT Analysis

List of Figures

Figure 1: Global: Long Term Care Market: Major Drivers and Challenges
Figure 2: Global: Long Term Care Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Long Term Care Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Long Term Care Market: Breakup by Service (in %), 2022
Figure 5: Global: Long Term Care Market: Breakup by Gender (in %), 2022
Figure 6: Global: Long Term Care Market: Breakup by Payer (in %), 2022
Figure 7: Global: Long Term Care Market: Breakup by Region (in %), 2022
Figure 8: Global: Long Term Care (Home Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Long Term Care (Home Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Long Term Care (Hospice) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Long Term Care (Hospice) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Long Term Care (Nursing Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Long Term Care (Nursing Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Long Term Care (Assisted Living Facilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Long Term Care (Assisted Living Facilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Long Term Care (Other Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Long Term Care (Other Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Long Term Care (Male) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Long Term Care (Male) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Long Term Care (Female) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Long Term Care (Female) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Long Term Care (Public) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Long Term Care (Public) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Long Term Care (Private) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Long Term Care (Private) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Long Term Care (Out-of-Pocket) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Long Term Care (Out-of-Pocket) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Long Term Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Long Term Care Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: Long Term Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Global: Long Term Care Industry: SWOT Analysis
Figure 78: Global: Long Term Care Industry: Value Chain Analysis
Figure 79: Global: Long Term Care Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Long Term Care Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Long Term Care Market Forecast: Breakup by Service (in Million US$), 2023-2028
Table 3: Global: Long Term Care Market Forecast: Breakup by Gender (in Million US$), 2023-2028
Table 4: Global: Long Term Care Market Forecast: Breakup by Payer (in Million US$), 2023-2028
Table 5: Global: Long Term Care Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Long Term Care Market: Competitive Structure
Table 7: Global: Long Term Care Market: Key Players


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