Long-Term Care Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR70770

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 Long-Term Care Market - 2021-2025

The long-term care market size is expected to reach a value of USD 0.56 trillion, at a CAGR of 4.14%, during 2021-2025. This research study helps in deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as growing demand for long-term care from the aging population are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

Long-Term Care Market Size

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Long-Term Care Market Segments

Every aspect of business improvement planning depends on the understanding of current and potential target customers across segmentations. Our long-term care market analysis report extensively covers application (nursing care and assisted living facilities, home healthcare, and hospice) and geography (North America, Europe, Asia, and ROW), wherein you will obtain insights on qualitative and quantitative data that can help in optimizing financial results. Get actionable insights on the long-term care market segments to recognize and seize financial opportunities

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic long-term care market predictions on demand changes for 2021-2025? You can buy the report now with one easy click.

Long-Term Care Market Vendors and Competitive Analysis

The long-term care market is fragmented and the vendors are deploying growth strategies such as capitalizing on the popularity of online media to gain competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The long-term care market share report highlights the repercussions of the effects of the pandemic across regions and segments, and the entire value chain. To make the most of the emerging opportunities and recover from adverse COVID-19 shock, the market vendors should focus more on leveraging change in consumer behavior and growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

For detailed insights on complete key vendor profiles buy the full long-term care market forecast report. The profiles include particulars on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Long-Term Care Market Vendors

Long-Term Care Market - Region Opportunities 2021-2025

North America will contribute 39% of the overall long-term care market growth during the forecast period. The US is the key market for long-term care market in North America. To unlock exclusive information on potential business markets, economic trends and risks in geographies, and emerging prospective customers buy the report now!

Long-Term Care Market Share by Geography

North America has been exhibiting significant growth rate for long-term care market vendors. Factors such as the growth of the aging population, the rising adoption of long-term care services, and increasing awareness among the general population are accelerating the long-term care market growth in North America. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The long-term care market share growth in North America will be slower than the growth of the market in Europe and Asia. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Long-Term Care Market Insights by Application

Long-Term Care Market Share by Application

To gain further insights on the market contribution of various segments Request for a FREE Sample!

According to our market segmentation data analysis, the nursing care and assisted living facilities segment is expected to be a significant contributor to the growth of the long-term care market share during the forecast period. Nursing care is extremely effective for senior residents with cognitive impairment or severe medical issues. The demand for nursing services is increasing in several countries due to the rising population of elderly adults. This report provides an accurate prediction of the revenue share of all the segments to the growth of the long-term care market size.

From the long-term care market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

Long-Term Care Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding long-term care market growth is lack of skilled nursing staff. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

The aging population is prone to acquire acute diseases due to low immunity. Hypertension, heart diseases, diabetes, and chronic obstructive pulmonary disease (COPD) are common among the aging population. To reduce the prevalence of these diseases, the aging population adopts long-term care services. Additionally, the geriatric population is vulnerable to communicable and non-communicable diseases and, hence, needs home healthcare services. The geriatric population is also vulnerable to many lifestyle diseases, such as cardiovascular diseases and diabetes. Owing to the prevalence of these diseases, the demand for nursing care and stroke recovery care services is high. Thus, the rising geriatric population is a key driver for the growth of the global long-term care market.

Technavio research analysts have done in-depth analysis of the long-term care market trends, drivers, and challenges in terms of their long-term and short-term effects. This data will help players map their growth prospects across key and emerging markets.

 

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Long-Term Care Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive long-term care market growth during the next five years
  • Precise estimation of the long-term care market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the long-term care market across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of long-term care market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The long-term care market growth will increase by $0.56 trillion during 2020-2025.
The long-term care market is expected to grow at a CAGR of 4.14% during 2020-2025.
Technavio has segmented the long-term care market by application (Nursing care and assisted living facilities, Home healthcare, and Hospice) and geographic (North America, Europe, Asia, and ROW).
Abri Health Care Services LLC, Atria Senior Living Inc., Capital Senior Living Corp., Diversicare Healthcare Services Inc., Extendicare Canada Inc., Genesis Healthcare Inc., Home Instead Inc., Kindred Healthcare LLC, Life Care Centers of America Inc., Sunrise Senior Living LLC are a few of the key vendors in the long-term care market.
North America will register the highest growth rate of 39.29% among the other regions. Therefore, the long-term care market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Japan
  • Germany
  • France
The key factors driving the long-term care market growth are:
  • Growing demand for long-term care from the aging population
The long-term care market vendors should focus on grabbing business opportunities from the nursing care and assisted living facilities segment as it accounted for the largest market share in the base year.
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