Long-term Care (LTC) Market 2024-2028
The long-term care (LTC) market is forecasted to grow by USD 394.8 bn during 2023-2028, accelerating at a CAGR of 3.21% during the forecast period. The report on the long-term care (LTC) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for long-term care from aging population, increase in healthcare budgets by governments, and growing demand to prevent infections and ensure patient safety.
Technavio's long-term care (LTC) market is segmented as below:
- By Type
- Government
- Public and private players
- Out of the pocket
- Private insurance
- By Application
- Nursing care and assisted living facilities
- Home healthcare
- Hospice
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the expansion and growth of several healthcare domains as one of the prime reasons driving the long-term care (LTC) market growth during the next few years. Also, increasing demand for solutions through online platforms and technological advances in long-term care will lead to sizable demand in the market.
The report on the long-term care (LTC) market covers the following areas:
- Long-term care (LTC) market sizing
- Long-term care (LTC) market forecast
- Long-term care (LTC) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading long-term care (LTC) market vendors that include Abri Health Care Services LLC, Amedisys Inc., Brookdale Senior Living Inc., CareOne Management LLC, Diversicare Healthcare Services Inc., Extendicare Canada Inc, FCP Live In, Genesis Healthcare Inc., Honor Technology Inc., Illumifin Corp., Kindred Health Holdings LLC, Life Care Centers of America Inc., Revera Inc., SeniorLiving.org, Sonida Senior Living Inc., Sunrise Senior Living LLC, and Wickshire Senior Living. Also, the long-term care (LTC) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.