Long Term Care Market Size to Expand Significantly by the End of 2028
Stratview Research has published a new report titled “Long Term Care Market” which is segmented by Service Type (Home healthcare services, Facility based care services, Community-based services, Other), By Gender (Male, Female), By Payer (Public, Private, Out-of-Pocket), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World).
As per the study, the market was expected to reach USD 1348.18 billion by 2028 from USD 845.50 billion in 2021 at a CAGR of 6.84% during the forecast period of 2022-2028.
Long term care is defined as a service aimed at meeting personal care or a person’s health care need for a long or short period. Long term care services help the person to live his/her independently and safely when they are unable to do their daily routine activities on their own. These services are provided by various facilities at different places as per the individual’s needs.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Service Type Trends
The market has been divided into home healthcare services, facility-based care services, community-based services, and others.
The Community-Based Services segment accounted for the largest share of more than 30 % in 2021. Increasing demand for adult daycare facilities is likely to fuel the product demand at a significant rate during the forecast period.
Which Region is expected to remain the largest market?
The market in North America dominated the market with a revenue share of more than 46% in 2021 due to the increasing geriatric population and the presence of various long-term healthcare facilities.
The market in the Asia-Pacific region is projected to register a healthy growth rate during the forecast period, on account of the rising awareness among consumers and increasing government support.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Long-Term Care Market:
- Brookdale Senior Living Solutions (The U.S)
- Sunrise Senior Living, LLC (The U.S)
- Capital Senior Living Corporation (The U.S)
- Extendicare Inc. (Canada)
- Diversicare Healthcare (The U.S)
- Amedisys Home Health and Hospice Care (The U.S)
- Senior Care Centers (The U.S)
- Lincare Holdings Inc. (The U.S)
- Atria Senior Living Inc. (The U.S)
- Home Instead Senior Care (The U.S)
Key questions answered by the report.
- What is the projected CAGR for revenue from the Long-Term Care Market during the forecast period?
- What would the market be valued at by 2028?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the Long-Term Care Market?
- Which are the major market players?
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Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
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