Long Term Care Market 2020 By Regional Trend & Growth Forecast To 2026
Category: #healthcare  By Ronak Bora  Date: 2021-03-19
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Long Term Care Market 2020 By Regional Trend & Growth Forecast To 2026

Long Term Care Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Continuous rise in geriatric population worldwide will foster long term care market trends over the next decade. Long term care services include those designed to cater to the care of an individual during a short and long period of time across various locations or communities.  There has been an increase in the awareness concerning long term care insurance, along with advancing technologies like the motion sensors which can be deployed for different purposes in long term care. Major industry players such as Brookdale Senior Living Solutions, EXTENDICARE, Senior Care Centers and Sunrise Senior Living are constantly involved in inorganic growth strategies that will help expand the their portfolio and provide far-reached services.

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According to reports, long term care market size is expected to surpass a valuation of USD 1,500 billion globally by the year 2026.

With respect to age group, the global long term care market from the 85 and older segment recorded remuneration of $245 billion in 2019, driven by the rising needs of long-term care services from this age group.

With regards to the gender spectrum, the global market is classified into male and female gender segments. Among these, the female segment is set to register a CAGR of nearly 6.5% through 2026, which can be credited to the longer lifespan or life expectancy of females over males.

On the basis of payer, the global long term care market from the private payer segment is poised to exhibit a CAGR of nearly 6% through 2026, due to the escalating number of private insurance providers for LTC services and healthcare spending across the globe.

Key long term care market players are showing a duality in their strategic approach. In addition to making greater strides in differentiating their offerings from their competitors, key players are focusing on strengthening their M&A activities.

Browse full table of contents (TOC) of this report @  https://www.decresearch.com/toc/detail/long-term-care-market

Partial Chapter of the Table of Content 

Chapter 4. Long Term Care Market, By Service Type

4.1. Key segment trends

4.2. Home healthcare services

4.2.1. Market size, by region, 2015 – 2026 (USD Million)

4.3. Facility based care services

4.3.1. Market size, by region, 2015 – 2026 (USD Million)

4.4. Community-based services

4.4.1. Market size, by region, 2015 – 2026 (USD Million)

4.4.2.  Adult day care centers

4.4.2.1.  Market size, by region, 2015 – 2026 (USD Million)

4.4.3. Continuing care retirement communities (CCRC)

4.4.3.1.  Market size, by region, 2015 – 2026 (USD Million)

4.4.4. Others

4.4.4.1.  Market size, by region, 2015 – 2026 (USD Million)

4.5. Others

4.5.1.   Market size, by region, 2015 – 2026 (USD Million)

Chapter 5. Long Term Care Market, By Age Group

5.1. Key segment trends

5.2. 65 to 74

5.2.1.  Market size, by region, 2015 – 2026 (USD Million)

5.3. 75 to 84

5.3.1.  Market size, by region, 2015 – 2026 (USD Million)

5.4. 85 and older

5.4.1.  Market size, by region, 2015 – 2026 (USD Million)

 

About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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