Long Term Care Market PPT 2024: Size, Growth, Demand and Forecast till 2032

The global long term care market size reached US$ 1,079.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,748.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.

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1. Global Long Term Care Market Research and Forecast Report 2024-2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved

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3. Report Highlight and Description According to the latest report by IMARC Group, titled  "Long Term Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,"  the  global long term care market size reached US$ 1,079.1 Billion in 2023. Factors Affecting the Growth of the Long Term Care Industry: Increasing Geriatric Population: One of the primary factors driving the long-term care market is the aging population. Globally, the number of elderly individuals is increasing at an unprecedented rate. This demographic shift is largely due to increased life expectancy and declining birth rates. As individuals age, they often experience a decline in physical and cognitive functions, leading to a greater need for assistance with daily activities and medical care. Chronic illnesses such as Alzheimer's disease, arthritis, and cardiovascular conditions become more prevalent with age, necessitating long-term care services. This growing demand for long-term care services has led to significant market growth, with facilities and home care services expanding to meet the needs of the elderly population.

4. Report Highlight and Description Chronic Diseases and Disabilities: Another significant factor driving the long-term care market is the increasing prevalence of chronic diseases and disabilities. Chronic conditions such as diabetes, hypertension, and cardiovascular diseases are on the rise globally, largely due to lifestyle factors such as poor diet, lack of exercise, and smoking. These conditions often lead to long-term health complications that require ongoing medical care and support. Additionally, the incidence of disabilities due to accidents, injuries, and congenital conditions also contributes to the demand for long-term care services. Advances in medical technology have improved survival rates for many conditions, although this often results in longer periods of care. As a result, the long-term care market is expanding to provide specialized services, including rehabilitation, palliative care, and support for activities of daily living. Policy and Economic Factors: Policy and economic factors play a crucial role in shaping the long-term care market. Government policies and funding mechanisms significantly impact the availability and quality of long-term care services. In many countries, public health insurance programs such as Medicare and Medicaid in the United States provide financial support for long-term care services.

5. Report Highlight and Description Additionally, various countries have implemented policies to promote aging in place, where elderly individuals receive care at home instead of in institutional settings. Economic factors, including the rising costs of healthcare and long-term care services, also influence the market. The increasing financial burden on individuals and families has led to a greater emphasis on insurance products and private sector involvement in long-term care. Moreover, economic incentives for healthcare providers to invest in long-term care facilities and services have spurred market growth. Request for a PDF sample of this report: https://www.imarcgroup.com/long-term-care-market/requestsample

6. Report Description Global Long Term Care Market Trends : The increasing participation of women in the workforce is a significant factor driving the long-term care market. Traditionally, women have been the primary caregivers for elderly family members, however, as more women pursue careers, there is a reduced availability of informal caregivers. This shift has led to a higher demand for professional long-term care services. The dual-income family model necessitates external support for elderly care, thereby expanding the market for long-term care facilities and home care services. Moreover, the need for professional care services becomes critical as families look for reliable and consistent care options to ensure the well-being of their elderly relatives while managing their professional responsibilities. View Report TOC, Figures and Tables : https://www.imarcgroup.com/long-term-care-market

7. Report Segmentation Breakup by Service: Home Healthcare Hospice Nursing Care Assisted Living Facilities Others Breakup by Gender: Male Female Breakup by Payer: Public Private Out-of-Pocket

8. Report Segmentation Breakup by Region: North America Asia-Pacific Europe Latin America Middle East and Africa

9. Competitive Landscape with Key Players Amedisys Inc. Atria Senior Living Inc. ( Wickshire Senior Living) Brookdale Senior Living Inc. Diversicare Healthcare Services Inc. Extendicare Inc. Genesis HealthCare Home Instead Inc. (Honor Technology Inc.) Kindred Healthcare (LifePoint Health Inc.) LHC Group Inc. (UnitedHealth Group Incorporated) Sonida Senior Living Corporation Sunrise Senior Living ( Revera Inc.) Trinity Health

10. Key Questions Answered in the Report

11. Table of Contents 1    Preface 2    Scope and Methodology     2.1    Objectives of the Study     2.2    Stakeholders     2.3    Data Sources         2.3.1    Primary Sources         2.3.2    Secondary Sources     2.4    Market Estimation         2.4.1    Bottom-Up Approach         2.4.2    Top-Down Approach     2.5    Forecasting Methodology 3    Executive Summary 4    Introduction     4.1    Overview     4.2    Key Industry Trends 5    Global Long Term Care Market     5.1    Market Overview     5.2    Market Performance     5.3    Impact of COVID-19   5.4    Market Forecast 6     Market Breakup by Service 6.1 Home Healthcare 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Hospice 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Nursing Care 6.3.1 Market Trends 6.3.2 Market Forecast        

12. Table of Contents 6.4 Assisted Living Facilities 6.4.1 Market Trends 6.4.2 Market Forecast 6.5 Others 6.5.1 Market Trends 6.5.2 Market Forecast 7 Market Breakup by Gender 7.1 Male 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Female 7.2.1 Market Trends 7.2.2 Market Forecast 8 Market Breakup by Payer 8.1 Public 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Private 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Out-of-Pocket 8.3.1 Market Trends 8.3.2 Market Forecast 9 Market Breakup by Region 9.1 North America 9.1.1 United States 9.1.1.1 Market Trends 9.1.1.2 Market Forecast For more information, visit : https://www.imarcgroup.com/long-term-care-market/toc

13. Partial List of Clients

14. Partial List of Clients

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