IMARC Group, a leading market research company, has recently released report titled “ Long Term Care Market Report by Service (Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities, and Others), Gender (Male, Female), Payer (Public, Private, Out-of-Pocket), and Region 2024-2032 ”, Offers a comprehensive analysis of the industry, which includes insights on the global long term care market.

How Big Is the Long Term Care Market?

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.

Industry Overview of Long Term Care

Long-term care refers to a range of services and support provided to individuals who need assistance with daily activities and medical care over an extended period due to chronic illness, disability, or the aging process. It includes a variety of services, including skilled nursing care, personal care assistance, rehabilitation therapies, and hospice care. Long-term care is predominantly sold in residential care facilities or at home by trained caregivers and healthcare professionals. As life expectations are extending, the need for reliable and comprehensive long-term care solutions is becoming paramount to ensure the well-being and quality of life for individuals requiring ongoing support.

Request Sample Copy of This Report: https://imarcgroup.com/long-term-care-market/requestsample

What are the growth prospects and trends in the long term care industry?

The escalating demand for long-term care services due to the aging population worldwide represents one of the key factors supporting the growth of the market. Besides this, the rising prevalence of age-related illnesses, such as Alzheimer's and Parkinson's diseases, is propelling the growth of the market.

Moreover, the trend preferring long-term care in the comfort of homes is leading to an increase in home-based care services and technologies, including remote monitoring and telemedicine, enabling more cost-effective and personalized care options.

Furthermore, the growing occurrence of chronic conditions, such as diabetes, heart disease, and mobility impairments, requires ongoing management and support, catalyzing the demand for long-term care facilities and skilled caregivers with expertise in managing these conditions.

Leading Companies Operating in the Global Long Term Care Industry:

• 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

Long Term Care Market Report Segmentation:

The report has segmented the market into the following categories:

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

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group'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, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Contact US:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-631-791-1145

Browse Other Research Reports:

Global Pneumonia Testing Market

Global Smart City Platform Market

Global Stealth Coating Market