Long Term Care Market Size, Share & Trends Analysis Report By Service (Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities), By Region (North America, Europe, APAC, Latin America, MEA), And Segment Forecasts, 2020 - 2027

Long Term Care Market Size, Share & Trends Analysis Report By Service (Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities), By Region (North America, Europe, APAC, Latin America, MEA), And Segment Forecasts, 2020 - 2027

The global long term care market size is expected to reach USD 1.7 trillion by 2027, expanding at a CAGR of 7.1%, according to a new report by Grand View Research, Inc. The market is expected to grow primarily owing to the rising prevalence of target diseases, especially Alzheimer’s and other dementias, among the aging population. In addition to this, increasing awareness about different long term care (LTC) facilities and the increasing medical coverage for home healthcare are likely to benefit LTC market growth.

According to World Population Prospects 2019, the global population aged 65 years and above was 703 million in 2019. The number of elderly people is projected to double by 2050 to reach 1.5 billion. The global share of the elderly population increased to 9% in 2019 from 6% in 1990 and is expected to rise further to 16% by 2050 with one in every six people in the world to be over 65 years of age. It is expected that the people turning 65 years are more likely to take some type of long term care services in the years to come. There has also been a shift towards in-home care from hospitals.

Developing economies make for lucrative markers as far as home healthcare is concerned. India, for instance, has many home healthcare startups such as Health Care at Home, Zoctr, Vatsalya, Zozz, Life Circle Health Services, Healers at Home, and the Nightingales, a factor that has worked in its favor. In India, Portea is one of the market leaders in home healthcare. In November 2017, Portea raised USD 26.0 million in the Series C funding for better home healthcare facilities.

Growing medical coverage by government and private insurers has a positive impact on the growth of the long term care market. According to the Hospice Association of America, Medicare pays USD 173 per day for inpatient respite care, USD 744 per day for general inpatient care, USD 193 per day for routine homecare, and USD 41 per hour for continuous homecare. Moreover, in 2016, Medicare paid a total of USD 16.9 billion to hospice providers, and the average spending per Medicare hospice patient was USD 11,820.

Further key findings from the study suggest:

  • In 2019, the nursing care held the largest share in the service segment of the long term care market attributed to the presence of a large number of facilities offering nursing care, medical supervision, and round the clock assistance
  • The home healthcare segment was another major segment owing to increasing awareness regarding such facilities, cost savings offered by them as compared to hospital stays or nursing homes, and proactive health monitoring
  • The home healthcare segment is expected to witness high growth in developing nations owing to increasing need for geriatric care, presence of double-income households, and ongoing social changes
  • Hospice is the fastest growing segment owing to the increasing incidence rate of Alzheimer’s and dementia and an increase in post-hospital care. Moreover, the coverage offered by both Medicaid and private insurers has relieved residents from out-of-pocket payments that have to be borne by them
  • North America dominated the market in 2019, majorly driven by advanced medical infrastructure, awareness about the advantages of home health services, rising geriatric population, and government support. Around 13% of the people in U.S. are 65 years or above and it is expected that by 2050, one in six Americans would be at least 65 years of age
  • Asia Pacific is the fastest growing market owing to the increasing rate of chronic diseases, the increasing disposable incomes, and the decreasing working population. For instance, in China, the one-child policy has eventually decreased the working population as compared to the older population
  • Industry players are continuously investing in expanding and revamping existing facilities. For instance, in February 2019, Genesis HealthCare underwent a real estate partnership with Next Healthcare Capital. The deal involved 15 skilled nursing facilities previously leased from Welltower Inc.
  • Key players operating in the market include Brookdale Senior Living, Inc.; Sunrise Carlisle, LP; Atria Senior Living Group; Extendicare, Inc.; Senior Care Centers of America; Kindred Healthcare, Inc.; Genesis Healthcare Corp.; Home Instead Senior Care, Inc.; Capital Senior Living Corporation; and Diversicare Healthcare Services, Inc. and Amedisys, Inc.
Please note The report will be updated with the latest data and delivered to you within 2-3 business days.


Chapter 1 Research Objective
1.1 Objective - 1
1.2 Objective - 2
1.3 Objective - 3
1.4 Objective - 4
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.2.1 Service
2.2.2 Region
2.3 Competitive Insights
2.4 Long Term Care (LTC) Market Snapshot
Chapter 3 Market Variables, Trends & Scope
3.1 Market Trend & Outlook
3.2 Market Lineage Outlook
3.2.1 Parent market outlook
3.2.2 Related/ancillary market outlook
3.3 Market Segmentation
3.3.1 Analysis
3.4 Penetration and Growth Prospect Mapping
3.4.1 Analysis
3.5 Market Dynamics
3.5.1 Market driver analysis
3.5.1.1 Growing geriatric population
3.5.1.2 Growing prevalence of target diseases, especially Alzheimer’s and other dementias
3.5.1.3 Increasing employment of women
3.5.1.4 Technological development
3.5.1.5 Increasing government involvement in therapeutic and vaccination in LTC facilities
3.5.2 Market restraint analysis
3.5.2.1 Lack of skilled human resources
3.5.2.2 Stringent regulations
3.5.2.3 Lower remunerations
3.5.3 Industry opportunities
3.6 Business Environment Analysis Tools
3.6.1 Industry analysis - Porter’s
3.6.1.1 Competitive rivalry: High
3.6.1.2 Threat of new entrants
3.6.1.3 Bargaining power of buyers
3.6.1.4 Bargaining power of suppliers
3.6.1.5 Threat of substitutes
3.6.2 PEST analysis
3.6.2.1 Political landscape
3.6.2.2 Economic and social landscape
3.6.2.3 Technology landscape
3.6.3 Major deals & strategic alliances analysis
3.6.3.1 Mergers & acquisitions and joint ventures
3.6.3.2 Licensing & partnerships and technology collaborations
Chapter 4 Qualitative Analysis: Air Purifiers in Long Term Care Facilities
4.1 Qualitative analysis - Air purifiers in LTC facilities
Chapter 5 Long Term (LTC) Market: Service Estimates & Trend Analysis
5.1 Long Term Care (LTC) Service Market Share Analysis, 2019 & 2027
5.2 Long Term Care (LTC) Service Market: Segment Dashboard
5.3 Market Size & Forecasts And Trend Analyses, 2016 to 2027 For The Service Segment
5.3.1 Home healthcare
5.3.1.1 Home healthcare market, 2016 - 2027 (USD Billion)
5.3.2 Hospice
5.3.2.1 Hospice market, 2016 - 2027 (USD Billion)
5.3.3 Nursing care
5.3.3.1 Nursing care market, 2016 - 2027 (USD Billion)
5.3.4 Assisted living facilities
5.3.4.1 Assisted living facilities market, 2016 - 2027 (USD Billion)
5.3.5 Others
5.3.5.1 Others market, 2016 - 2027 (USD Billion)
Chapter 6 Long Term Care (LTC) Market: Regional Estimates & Trend Analysis
6.1 Long Term Care (LTC) Regional Market Share Analysis, 2019 & 2027
6.2 Long Term Care (LTC)-Regional Market: Segment Dashboard
6.3 Regional Market Snapshot (Market Size, CAGR, Top Countries)
6.4 List Of Players At Regional Level
6.4.1 North America
6.4.2 Europe
6.4.3 Asia Pacific
6.5 SWOT Analysis, By Factor (Political & Legal, Economic and Technological)
6.5.1 North America
6.5.2 Europe
6.5.3 Asia Pacific
6.5.4 Latin America
6.5.5 MEA
6.6 Market Size, & Forecasts, And Trend Analysis, 2016 to 2027
6.6.1 North America
6.6.1.1 North America Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.1.2 U.S.
6.6.1.2.1 Reimbursement scenario
6.6.1.2.2 U.S. Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.1.3 Canada
6.6.1.3.1 Reimbursement scenario
6.6.1.3.2 Canada Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.2 Europe
6.6.2.1 Europe Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.2.2 U.K.
6.6.2.2.1 Reimbursement scenario
6.6.2.2.2 U.K. Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.2.3 Germany
6.6.2.3.1 Reimbursement scenario
6.6.2.3.2 Germany Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.2.4 France
6.6.2.4.1 Reimbursement scenario
6.6.2.4.2 France Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.2.5 Italy
6.6.2.5.1 Reimbursement scenario
6.6.2.5.2 Italy Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.2.6 Spain
6.6.2.6.1 Reimbursement scenario
6.6.2.6.2 Spain Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.3 Asia Pacific
6.6.3.1 Asia Pacific Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.3.2 Japan
6.6.3.2.1 Reimbursement scenario
6.6.3.2.2 Japan Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.3.3 China
6.6.3.3.1 China Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.3.4 India
6.6.3.4.1 India Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.3.5 Australia
6.6.3.5.1 Reimbursement scenario
6.6.3.5.2 Australia Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.4 Latin America
6.6.4.1 Latin America Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.4.2 Brazil
6.6.4.2.1 Reimbursement scenario
6.6.4.2.2 Brazil Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.4.3 Mexico
6.6.4.3.1 Reimbursement scenario
6.6.4.3.2 Mexico Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.4.4 Argentina
6.6.4.4.1 Argentina Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.5 Middle East and Africa
6.6.5.1 MEA Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
6.6.5.2 South Africa
6.6.5.2.1 South Africa Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
Chapter 7 Competitive Analysis
7.1 Recent Developments & Impact Analysis, By Key Market Participants
7.2 Strategic Framework/ Competition Categorization (Key innovators, Market Leaders, Emerging Players)
7.3 Vendor Landscape
7.3.1 Company market position analysis (Geographic presence, service portfolio, strategic initiatives)
7.4 Company Profiles
7.4.1 Brookdale Senior Living Solutions
7.4.1.1 Company overview
7.4.1.2 Financial performance
7.4.1.3 Services benchmarking
7.4.1.4 Strategic initiatives
7.4.1.5 SWOT analysis
7.4.2 Sunrise Carlisle, LP (Sunrise Senior Living, LLC)
7.4.2.1 Company overview
7.4.2.2 Financial performance
7.4.2.3 Services benchmarking
7.4.2.4 Strategic initiatives
7.4.2.5 SWOT analysis
7.4.3 Kindred Healthcare, Inc.
7.4.3.1 Company overview
7.4.3.2 Financial performance
7.4.3.3 Services benchmarking
7.4.3.4 Strategic initiatives
7.4.3.5 SWOT analysis
7.4.4 Genesis Healthcare, Inc.
7.4.4.1 Company overview
7.4.4.2 Financial performance
7.4.4.3 Service benchmarking
7.4.4.4 Strategic initiatives
7.4.4.5 SWOT analysis
7.4.5 Extendicare, Inc.
7.4.5.1 Company overview
7.4.5.2 Financial performance
7.4.5.3 Service benchmarking
7.4.5.4 Strategic initiatives
7.4.5.5 SWOT analysis
7.4.6 Capital Senior Living Corporation
7.4.6.1 Company overview
7.4.6.2 Financial performance
7.4.6.3 Services benchmarking
7.4.6.4 Strategic initiatives
7.4.6.5 SWOT analysis
7.4.7 Diversicare Healthcare Services, Inc.
7.4.7.1 Company overview
7.4.7.2 Financial performance
7.4.7.3 Services benchmarking
7.4.7.4 Strategic initiatives
7.4.7.5 SWOT analysis
7.4.8 Home Instead, Inc.
7.4.8.1 Company overview
7.4.8.2 Services benchmarking
7.4.8.3 Strategic initiatives
7.4.9 Senior Care Centers Of America
7.4.9.1 Company overview
7.4.9.2 Services benchmarking
7.4.9.3 Strategic initiatives
7.4.10 Atria Senior Living, Inc.
7.4.10.1 Company overview
7.4.10.2 Services benchmarking
7.4.10.3 Strategic initiatives
Chapter 8 Recommendations
Chapter 9 Research Methodology & Scope
9.1 Research Methodology
9.1.1 Information procurement
9.1.1.1 Purchased database:
9.1.1.2 GVR’s internal database
9.1.2 Primary research
9.2 Research Scope and Assumptions
9.3 List to Data Sources
List of Tables
Table 1 List of secondary sources
Table 2 List of abbreviation
Table 3 CPT Coding
Table 4 HCPCS Coding
Table 5 CMS new reimbursement coding for PCI
Table 6 Product pipeline/clinical stage
Table 7 R&D expenditure analysis of public companies (2018)
Table 8 Leading market players anticipated to witness highest growth
Table 9 List of coronary stents service providers
Table 10 Leading cause of death in elderly population in the U.S. in 2019
Table 11 North America Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 12 U.S. Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 13 Canada Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 14 Europe Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 15 U.K. Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 16 Germany Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 17 France Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 18 Italy Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 19 Spain Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 20 Asia Pacific Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 21 Japan Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 22 China Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 23 India Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 24 South Korea Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 25 Australia Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 26 Latin America Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 27 Brazil Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 28 Mexico Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 29 Argentina Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 30 MEA Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 31 South Africa Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 32 Saudi Arabia Coronary Stents market, by product, 2016 - 2027 (USD Million)
Table 33 UAE Coronary Stents market, by product, 2016 - 2027 (USD Million)
List of Figures
FIG. 1 Market research process
FIG. 2 Data triangulation techniques
FIG. 3 Primary research pattern
FIG. 4 Market research approaches
FIG. 5 Value-chain-based sizing & forecasting
FIG. 6 QFD modeling for market share assessment
FIG. 7 Market formulation & validation
FIG. 8 Market outlook
FIG. 9 Long term care market segmentation
FIG. 10 Market trends & outlook
FIG. 11 Market driver relevance analysis (Current & future impact)
FIG. 12 Percentage distribution of population aged 65 and over by region: 2015 and 2050
FIG. 13 Proportion of people with Alzheimer’s, by age group
FIG. 14 Number of people with dementia, by country, 2013 - 2050 (Million)
FIG. 15 Women employment trend in the U.S., 2015 and 2024
FIG. 16 Long term care services providers providing therapeutic services, U.S., 2014 (percentage)
FIG. 17 Market restraint relevance analysis (Current & future impact)
FIG. 18 Penetration & growth prospect mapping
FIG. 19 PORTER'S five forces analysis
FIG. 20 PESTLE analysis
FIG. 21 Long term care (LTC) service market share analysis, 2019 & 2027
FIG. 22 Long term care (LTC) service market: Segment dashboard
FIG. 23 Home healthcare market, 2016 - 2027 (USD Billion)
FIG. 24 Hospices market, 2016 - 2027 (USD Billion)
FIG. 25 Nursing care market, 2016 - 2027 (USD Billion)
FIG. 26 Assisted living facilities market, 2016 - 2027 (USD Billion)
FIG. 27 Others market, 2016 - 2027 (USD Billion)
FIG. 28 Long Term Care (LTC) regional market share analysis, 2019 & 2027
FIG. 29 Long Term Care (LTC) regional market: Segment dashboard
FIG. 30 Regional market snapshot
FIG. 31 North America Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 32 U.S. Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 33 Canada Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 34 Europe Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 35 U.K. Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 36 Germany Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 37 France Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 38 Italy Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 39 Spain Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 40 Asia Pacific Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 41 Japan Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 42 China Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 43 India Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 44 Australia Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 45 Latin America Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 46 Brazil Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 47 Mexico Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 48 Argentina Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 49 MEA Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 50 South Africa Long Term Care (LTC) market, 2016 - 2027 (USD Billion)
FIG. 51 Strategy framework
FIG. 52 Strategy framework / Competition categorization
FIG. 53 Company market position analysis (service portfolio, strategic initiatives, geographic presence)

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