Global Long Term Care Market Size By Services (Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities), By Payer (Public, Private, Out of Pocket), By Geographic Scope And Forecast
Report ID: 306697|No. of Pages: 202
Long Term Care Market Size And Forecast
Long Term Care Market size was valued at USD 1,114.92 Billion in 2022 and is projected to reach USD 1,838.38 Billion by 2030, growing at a CAGR of 6.4% from 2023 to 2030.
The growing elderly population around the world is a significant driver of the Long Term Care (LTC) Market. Additionally, a longer life span drives demand for LTC services. The elderly population’s unmet needs are another element in the market’s expansion. The provision of personal care at home prevents patients from needless hospitalization, saving them from its high expense and declining quality of life. The Global Long Term Care Market report delivers a holistic evaluation. The report thoroughly analyzes key segments, trends, drivers, restraints, competitive landscape, and factors that play a substantial role in the market.
>>> Get | Download Sample Report @ – https://www.verifiedmarketresearch.com/download-sample/?rid=306697
Global Long Term Care Market Definition
Long Term Care refers to a variety of services and support for people who need help with basic daily tasks for an extended length of time, like getting dressed, bathing, and eating. Nursing homes, assisted living facilities, and the patient’s own house with the assistance of home health aides or other carers are just a few places where Long-Term Care can be offered. People who have disabilities or chronic health conditions that make it challenging for them to live independently usually need Long-Term Care.
Alzheimer’s disease and other dementias, Parkinson’s disease, strokes, and physical impairments are a few examples of these diseases. Assistance with everyday living tasks such as bathing, dressing, and eating, as well as medical and nursing care, physical and occupational therapy, social services, and help managing medications, may all be included in long-term care services. Long-Term Care costs can be high, and they are frequently covered by a mix of commercial insurance, public programs like Medicaid, and personal funds.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=306697
Global Long Term Care Market Overview
Support for elderly individuals who are unable to care for themselves due to physical or mental ailments, such as chronic disease and multimorbidity, is known as Long-Term Care. Depending on the level of restriction, assistance with basic health services, dressing, and managing medications may be given at home, in the community, or in institutions. These services are usually offered by paid or unpaid formal and informal workers. Competent social workers or health care providers who work in nursing homes could be considered formal employees. Informal carers are defined as paid and unpaid family carers who work outside of traditional employment standards and who are not reported to social security authorities.
To help people remain at home and live as autonomously as possible, home-based Long-Term Care includes health, personal, and support services. The bulk of Long-Term Care is delivered to patients in their homes or the homes of family members. Both short-term and long-term in-home care is available. Home-based services frequently include personal care such as help with bathing, dressing, and taking medications, as well as monitoring to ensure a person’s safety. Most people who provide this kind of assistance are unpaid family members, spouses, friends, and neighbors. The older population has a high demand for Long-Term Care, and services are now broadly accessible in industrialized nations.
New demands have developed in the Long Term Care Market due to changes in care settings and requirements in many circumstances, defining the preferences of target populations. As a result of the vast variety of options that take funding and care coordination into account, the Long Term Care Market has expanded. The Long Term Care Market is expected to grow rapidly as a result of the aging baby boomer generation, rising rates of disabilities among the elderly, a lack of qualified nursing staff, government financing, and increased partnerships between commercial insurers and different governments. A greater number of people are experiencing disabilities as a consequence of longer life expectancies.
Moreover, this is anticipated to lead to a rise in the demand for cheap Long-Term Care services for chronic illnesses, memory loss, and post-hospital healthcare. The target population for Long-Term Care services is heavily weighted toward the ill, disabled, and elderly. As a consequence, the demand for Long-Term Care is significantly influenced by the growing geriatric population. The population’s growing prevalence of chronic diseases or ailments is another factor driving the demand for Long-Term Care. As the prevalence of osteoporosis, hypertension, and diabetes has grown in industrialized nations, so has the demand for adult daycare.
Global Long Term Care Market Segmentation Analysis
The Global Long Term Care Market is segmented on the basis of Services, Payer, and Geography.
Long Term Care Market, By Services
- Home Healthcare
- Hospice
- Nursing Care
- Assisted Living Facilities
Based on Services, The market is split into Home Healthcare, Hospice, Nursing Care, and Assisted Living Facilities. The presence of a large number of facilities that offer nursing care to the world’s growing elderly population is a key element driving the segment. As a result, during the anticipated period, this factor will continue to fuel the growth of the nursing care sector in the Long Term Care Market.
The demand for individualized Long Term Care at home and cost-effectiveness are driving the home healthcare market’s expansion. Due to rising healthcare expenses, many people who require care now receive their care at home. Healthcare providers are adopting newer technologies and software to improve the quality of long-term care services as the demand for home healthcare increases.
Long Term Care Market, By Payer
- Public
- Private
- Out of Pocket
Based on Payer, the Global Long Term Care Market is classified into public, private, and out of pocket. Government initiatives like Medicaid and Medicare, which provide coverage for some or all of the costs involved with Long Term Care for those who qualify, are examples of public funding for Long Term Care. Long Term Care insurance policies, which can help cover the cost of care for people who have bought these policies, may provide private funding.
Out-of-pocket expenses are those that people and their families must pay for themselves, without the help of the government or the private sector. In the United States, public financing is currently the most popular method of paying for Long Term Care, with Medicaid serving as the main funding source. However, as more people become conscious of the importance of Long Term Care planning, private funding through Long Term Care insurance policies is also gaining popularity.
Long Term Care Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Based on Geography, the Global Long Term Care Market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America held a commanding 45% market share in 2022. This can be clarified by the rising elderly population. The Long Term Care market is expanding in the North American region due to elements like the adoption of rules and regulations and significant government spending.
During the forecast period, the Asia-Pacific is anticipated to expand at a CAGR of 8.5%. This is explained by the rising prevalence of chronic diseases such as heart disease, diabetes, and lung conditions. The industry for Long Term Care is still developing. Additionally, countries like India are receiving investments from international Long Term Care facilities.
Key Players
The “Global Long Term Care Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Atria Senior Living Group, Brookdale Senior Living, Amedisys Inc., Capital Senior Living, Diversicare Healthcare Services Inc., Extendicare Inc., Home Instead Senior Care Inc., Kindred Healthcare Inc., Senior Care Centers of America, Sunrise Carlisle LP., and Others.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight to the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In August 2021, one of the top Long Term Care service providers, Diversicare Healthcare Services, Inc., and DAC Acquisition LLC signed a binding merger deal. The Long Term Care division of Diversicare will benefit from this acquisition by continuing and accelerating its solid momentum.
- In July 2021, As the hospital company seeks to enter the home health market, HCA Healthcare completed its $400 million deal to purchase the majority of Brookdale Senior Living’s home health and hospice division.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Long Term Care Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Long Term Care Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2019-2030 |
BASE YEAR | 2022 |
FORECAST PERIOD | 2023-2030 |
HISTORICAL PERIOD | 2019-2021 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Atria Senior Living Group, Brookdale Senior Living, Amedisys Inc., Capital Senior Living, Diversicare Healthcare Services Inc., Extendicare Inc., Home Instead Senior Care Inc., Kindred Healthcare Inc., Senior Care Centers of America, Sunrise Carlisle LP. |
SEGMENTS COVERED |
|
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Top Trending Reports
Global Loading Platform Market Size And Forecast
Global LC Filters Market Size And Forecast
Research Methodology of Verified Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
Report Research Methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
Perspective | Primary Research | Secondary Research |
---|---|---|
Supplier side |
|
|
Demand side |
|
|
Econometrics and data visualization model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
Qualitative analysis | Quantitative analysis |
---|---|
|
|