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Global Long-Term Care Market 2017-2021

Global Long-Term Care Market 2017-2021

About Long-Term Care

Long-term care refers to a continuum of care. More than just nursing homes, facility-based long-term care also includes services such as continuing care retirement communities, assisted living, and board-and-care homes. These include adult day service programs, meal programs, senior centers, home healthcare aides, and transportation services. The assisted living facilities consist of apartments, where the residents reside and are cared.

Technavio’s analysts forecast the global long-term care market to grow at a CAGR of 6.18% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global long-term care market for 2017-2021. To calculate the market size, the report considers the services market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Long-Term Care Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • EXTENDICARE
  • Atria Senior Living
  • Sunrise Senior Living
  • Kindred Healthcare
Other prominent vendors
  • Brookdale Senior Living Solutions
  • Emeritus
  • Genesis HealthCare
  • Health PEI
  • Home Instead
  • Revera
  • Senior Care Centers of America
Market driver
  • Increase in healthcare budgets by governments
  • For a full, detailed list, view our report
Market challenge
  • Lack of skilled nursing staff
  • For a full, detailed list, view our report
Market trend
  • Increasing awareness through social media marketing
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Long-Term Care Market 2017-2021

Technavio recognizes the following companies as the key players in the global long-term care market: EXTENDICARE, Atria Senior Living, Sunrise Senior Living, and Kindred Healthcare.

Other Prominent Vendors in the market are: Brookdale Senior Living Solutions, Emeritus, Genesis HealthCare, Health PEI, Home Instead, Revera, and Senior Care Centers of America.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing awareness through social media marketing. The vendors in the market are focusing on targeting potential user groups for older men and women residents to maximize the occupancy of their facilities. In addition, various associations and organizations are creating awareness through various online channels. Marketing via social media is helping manufacturers reach out to a larger consumer pool and attract new consumers.”

According to the report, one of the major drivers for this market is increase in healthcare budgets by governments. Globally, many countries have constantly been increasing their healthcare budget as a part of their social security measure. For instance, according to the Department of Health and Human Services’ Centers for Medicare and Medicaid Services, in 2014, the US government spent 17% of the gross domestic product (GDP) for the healthcare sector. In addition, in 2015, the US healthcare planned to spend $10,000 per person.

Further, the report states that one of the major factors hindering the growth of this market is lack of skilled nursing staff. Many local communities struggle with finding providers and physicians to care for residents in their accommodations. The industry is facing a shortage of primary care physicians and caretakers, especially in the field of geriatrics. There is a lack of trained nurses available for long-term care sites, and a significant number of nurses tend to take on the management level roles for better career opportunities. The culture of working in isolation is quite common in the industry by keeping nurses task-oriented rather than patient-oriented. This depleted the quality of service provided to the residents in the long-term care facilities.

EXTENDICARE, Atria Senior Living, Sunrise Senior Living, Kindred Healthcare, Brookdale Senior Living Solutions, Emeritus, Genesis HealthCare, Health PEI, Home Instead, Revera, and Senior Care Centers of America.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Market landscape
    • Evolution of long-term care
      • Table Timeline: Development of long-term care
    • Past and future scenario
      • Table Recommendation for the market stakeholders
    • Market size and forecast
      • Table Global long-term care market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market overview
      • Table Global long-term care market by application 2016-2021(% share)
      • Table Snapshot: Global long-term care market by application
    • Global long-term care market by nursing care and assisted living facilities
      • Table Global long-term care market by nursing care and assisted living facilities market 2016-2021 ($ billions)
    • Global long-term care market by home healthcare
      • Table Global long-term care market by home healthcare 2016-2021 ($ billions)
    • Global long-term care market by hospice
      • Table Global long-term care market by hospice 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Global long-term care market by geography
      • Table Snapshot: Global long-term care market by geography 2016-2021
    • Long-term care market in Americas
      • Table Long-term care market in Americas 2016-2021 ($ billions)
    • Long-term care market in EMEA
      • Table Long-term care market in EMEA 2016-2021 ($ billions)
    • Long-term care market in APAC
      • Table Long-term care market in APAC 2016-2021 ($ billions)
      • Table Steps taken by the regional governments
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing awareness through social media marketing
    • Integration of mobile devices into home healthcare systems
    • Increase in M&As
    • Monetary growth among consumers
  • Vendor landscape
    • Competitive scenario
  • Key vendor analysis
    • EXTENDICARE
      • Table EXTENDICARE: Profile
      • Table EXTENDICARE: Strength analysis
      • Table EXTENDICARE: Strategy assessment
      • Table EXTENDICARE: Opportunity assessment
    • Atria Senior Living
      • Table Atria Senior Living: Profile
      • Table Atria Senior Living: Strength analysis
      • Table Atria Senior Living: Strategy assessment
      • Table Atria Senior Living: Opportunity assessment
    • Sunrise Senior Living
      • Table Sunrise Senior Living: Profile
      • Table Sunrise Senior Living: Strength analysis
      • Table Sunrise Senior Living: Strategy assessment
      • Table Sunrise Senior Living: Opportunity assessment
    • Kindred Healthcare
      • Table Kindred Healthcare: Profile
      • Table Kindred Healthcare: Strength analysis
      • Table Kindred Healthcare: Strategy assessment
      • Table Kindred Healthcare: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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