Global Long Term Care Market, by Facility; by Type; and by Region (North America, Europe, Asia Pacific, Latin America, MEA); - Global Forecasts 2021 to 2027

The Global Long Term Care Market was valued at USD 983.5 Bn in 2020 and is expected to reach USD 1,568.7 Bn by 2027, growing at a CAGR of 7.1% during the forecast period.

Long Term Care Market Definition

The long-term care is the services that is medical necessity of the people suffering from chronic illnesses and disabled people who cannot take care for themselves. Long-term care services are helpful for the people those cannot perform daily activities by their own.

Long Term Care Market

Long Term Care Market Dynamics

The increasing number of aging baby boomers, rising disabilities in the population, the scarcity of professional staff of nursing are the propelling factors for the growth of the long term care market. Moreover, the funding by the government for long term care and rising collaborations of various governments policies with the private organizations that drive the growth of global long term care market. The expectancy of extended life that gives rise to cases of disability is the another driving factor to influence the long term care market. The rising demand for low-cost long-term care services due to increasing in patients suffering from chronic illnesses, memory loss, post-hospital healthcare and memory loss is the fueling factor for the growth of global long term care market. Employers are taking steps to ensure that their employees have access to long-term care services that propel the long term care industry. For instance, Medtronic, offers its employees a group long-term care insurance plan. This plan is designed to protect employees from the high costs of long-term care at home, in the community, and in assisted living facilities.

The Global Long Term Care Market Segmentation:

By Facility Type

  • Nursing Care
  • Home Healthcare
  • Assisted Living Facilities
  • Hospice 

By Type

  • Drugs
  • Medical Devices
    • Therapeutics Devices
    • Diagnostics Devices
    • Monitoring Devices
  • Services 

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profiles and Competitive Intelligence

The key players operating in the long term care market are:

  • Interim Healthcare
  • Compassionate Care Hospice
  • Kindred Healthcare
  • Bayada Home Health Care
  • HCR Manorcare
  • Curo Health Services
  • Amedisys, Inc.
  • LHC Group, Inc.
  • Encompass Home Health & Hospice
  • Brookdale Senior Living
  • Vitas Healthcare
  • Elara Caring
  • Home Instead Senior Care, Inc.
  • Crossroads Hospice & Palliative Care
  • Seasons Hospice & Palliative Care
  • Accentcare
  • Compassus
  • Hospice of The Valley
  • Trinity Health at Home
  • Genesis Healthcare Corp.

Based on facility, the home healthcare segment is expected to witness the fastest growth due to increased need for personalized care

Based on the facility, the market has been segmented into nursing care, home healthcare, assisted living facilities, and hospice. The home healthcare segment is the fastest growing segment due to its cost effectiveness and rise in necessity for personalized care. The quality of home healthcare increasing owing to introducing software and new technologies such as portable devices, and telemedicine that enhance the quality of long-term care. However, the nursing care segment is expected to grow at the highest CAGR during the forecast period owing to the growing population of geriatric people across the globe.

Based on type, the medical devices, is the fastest growing segment in the global long term care market due to technological advancement in the medical devices

Based on the type, the market has been segmented into drugs, medical devices, and services. The medical devices further sub-segmented into therapeutics devices, diagnostics devices, and monitoring devices. The medical devices segment is the fastest growing segment over the forecast period due to new technological advancement and integration of software and medical devices are propelling factor for the growth of medical device segment.

Geographically, North America accounted for the largest share of the global long term care market

In the base year, The North America dominated the long-term care market with a share about 45% due to the high percentage of old-age population, increased government support, and the execution of a efficient regulatory framework. In the U.S about 60% of the funds for long term care comes from Medicaid. For instance, in the Affordable Care Act, a single system known as (MPPS), Medicare Prospective Payment System was initiated to support long-term care services.

However, Asia-Pacific is expected to observe the fastest growing region with the CAGR about 8.4% during the forecast period. This is owing to the success of home healthcare start-ups such as Portea and HealthCare at HOME in India, large hospital chains such as Apollo and Max have entered the Indian home healthcare market.

The report also provides an in-depth analysis of the global long term care market dynamics such as drivers, restraints, opportunities, and challenges


  • Increasing number of geriatric populations
  • Increasing incidence of dementias and Alzheimer
  • Presence of private and public and private insurance plan for long term care


  •  Shortage of long term care amenities
  •  Limited long term care facilities and its availability


  •  Increasing awareness and cost effectiveness


  •   High cost of long term care insurance in developing and underdeveloped countries

COVID-19 Impact on the Global Long Term Care Market

During the outbreak of COVID-19 affects the geriatric population disproportionally, particularly to those patients alive in long term care facilities with a significant impact on morbidity and mortality. The COVID-19 had positively impacted on home healthcare products such as blood pressure monitors, pulse oximeters, temperature monitors, and blood glucose monitors, that are necessary for long term care in the cases of patients suffering from chronic patients. Due to the lockdown in this pandemic, the demand for home care devices and home nurses for long term care has increased as the frequent visits to clinics and hospitals were not possible. Therefore, the home healthcare segment was also affected positively during COVID-19. However, the supplier’s shortage for some home healthcare devices and products that lead to higher costs which is the restraining factor for the growth of the global long term care market.

The report also provides an in-depth analysis of key trends in global long term care market

Sr. No. Trends Impact
1 The increasing focus of population for person centered care  Positive
2 Integrating technology and services for long term care in the home healthcare facility for advancement of medical devices Positive

The report also provides an in-depth analysis of recent news developments and investments

  • In 2021, The Jewish Healthcare Foundation, the Henry L. Hillman Foundation, and The John A. Hartford Foundation have joined forces to establish a roughly USD 1 million effort in Pennsylvania to improve skilled nursing care training and efficiency.
  • In November 2019, Amedisys, Inc., the nation's largest independent hospice, personal care, and home-health firm, acquired Asana Hospice, a hospice care provider that serves roughly 540 patients daily in eight locations across Pennsylvania, Ohio, Missouri, Kansas, and Texas. Through this acquisition, Amedisys benefited to expand it’s geographical presence and thereby increase patient’s reach.

The unique insights provided by this report also includes the following:

  • In-Depth Value Chain Analysis
  • Opportunity Mapping
  • Sector Snapshot
  • Key Players Positioning Matrix
  • Regulatory Scenario
  • Strategies Adopted-Benchmarking Heat Map
  • Market Trends
  • COVID-19 Impact Analysis
  • Product Comparison
  • Pre & Post COVID 19 Impact on The Global Long Term Care Market 
  • Competitive Landscape

Frequently Asked Questions (FAQs)

The global market is estimated to be USD 983.5 Bn in 2020 and is expected to reach USD 1,568.7 Bn by 2027.

The global long term care market is estimated to grow at a compound annual growth rate (CAGR) of 7.1% during the forecast period.

North America accounted the dominating in global market.

Shortage of long term care amenities is the hampering factor for the growth of the global market.

Increasing incidence of dementias and Alzheimer is the major driving factor for the growth of the global long term care market.

The 2020 is the base year provided in the report of global market.

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    1. Product Outline
    2. What is Long Term Care?
    3. Supply Chain Analysis
    4. COVID -19 Impact
    5. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Threats
  2. Regulatory Landscape for Global Long Term Care Market 
    1. Regulations and Standards
  3. Global Long Term Care Market by Facility
    1. Nursing Care
    2. Home Healthcare
    3. Assisted Living Facilities
    4. Hospice  
  4. Global Long Term Care Market by Type
    1. Drugs
    2. Medical Devices
      1. Therapeutics Devices
      2. Diagnostics Devices
      3. Monitoring Devices
    3. Services
  5. Regional Analysis
    1. North America
      1. US
      2. Canada
    2. Europe
      1. Germany
      2. UK
      3. France
      4. Italy
      5. Spain
      6. Rest Of Europe
    3. Asia Pacific
      1. China
      2. India
      3. Japan
      4. Rest Of Asia Pacific
    4. Middle East and Africa (MEA)
      1. GCC
      2. Rest of MEA
    5. South America
      1. Brazil
      2. Mexico
      3. Rest of South America
  6. Key Strategic Insights
    1. New Development
    2. Opportunity Mapping
    3. Critical Success Factors
    4. Customer Preferences 
  7. Key Market Trends / Recent Developments
  8. Competitive Scenario
    1. Competitive Strategies of Key Players
      1. Mergers and Acquisitions
      2. Investments
      3. Joint Ventures
    2. Ranking of Key Players
  9. Key Global Players
    1. Interim Healthcare
    2. Compassionate Care Hospice
    3. Kindred Healthcare
    4. Bayada Home Health Care
    5. HCR Manorcare
    6. Curo Health Services
    7. Amedisys, Inc.
    8. LHC Group, Inc.
    9. Encompass Home Health & Hospice
    10. Brookdale Senior Living
    11. Vitas Healthcare
    12. Elara Caring
    13. Home Instead Senior Care, Inc.
    14. Crossroads Hospice & Palliative Care
    15. Seasons Hospice & Palliative Care

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