Global Long Term Care Industry to reach USD XX billion by 2025.
Global Long Term Care Industry valued approximately USD 810 billion in 2017 is anticipated to grow with a healthy growth rate of more than 6.2% over the forecast period 2019-2025. The Long Term Care Industry is continuously growing in the global scenario at significant pace. Long term care (LTC) service contains a variety of services provided by nursing homes, day care centres, home health agencies and from family or friends. Long term care service comprises a broad range of personal care, healthcare and supportive care services. It is required for geriatrics people and adult who are unable to take self-care due to injury, cognitive or mental disability and chronic illness. Long term care service provides support to people in regain quality of life and in improving an optimal level of physical functioning of life. Increasing aging population and rising incidence of chronic diseases, growing consciousness among people regarding the numerous home healthcare facilities and increasing medical coverage for home healthcare are the substantial driving factors of the Industry across the globe. Moreover, government funding, scarcity of skilled nursing staff, and increased collaborations of private insurers with the government are some factors likely to create lucrative opportunities in the Industry over the upcoming years. However, high cost associated with long term care and unwillingness of the traditional long term care providers to adopt new software are the factors that limiting the Industry growth during the forecast period.
The regional analysis of Global Long Term Care Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Industry share due to rising ageing population and favorable government support in the region. Further, Europe is estimated to grow at higher rate in the global Long Term Care Industry over the upcoming years due to increasing infrastructural development in healthcare. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025 owing to string economic growth and increasing disposable income in the region.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Long Term Care Industry Share and Size by 2019-2025
Long Term Care Market Segmentation:
* Home Healthcare
* Nursing Care
* Assisted Ling Facilities
* Nursing Home
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Long Term Care Market are as follows:
Brookdale Senior Living
Sunrise Senior Living
Atria Senior Living
Gentiva Health Services
Senior Care Centres of America