The Long Term Care Market: Nursing Homes, Home Care, Hospice Care, and Assisted Living

The Long Term Care Market: Nursing Homes, Home Care, Hospice Care, and Assisted Living

This Kalorama Information report, The Long Term Care Market: Nursing Homes, Home Care, Hospice Care, and Assisted Living provides detailed market research on the U.S. long-term care market. This market complex and diverse industry evolves nearly every year, and influences other markets such as the sales of pharmaceuticals, devices and healthcare services. For seven editions, Kalorama has provided a look at who is leading, what the opportunity is and will be in four key areas of long term care.

The reason for the importance of the market will not surprise. As the demographics of the U.S. population change, so have the attitudes toward long-term care. The long-term care industry has met the challenges of the changing industry by diversifying offerings and increasing specialized care. The U.S. long care industry has experienced steady growth from 2016 through 2018 and this is expected to continue through the forecast period. Aging of the population will increase demand for all forms of long-term care, although ongoing cost containment will continue to pressure the industry. Baby boomers account for approximately 67 million individuals in the United States in 2018 and this enormous group will be making decisions about whether senior living is the right option for their aging loved ones and eventually for themselves.

The evolution and specialization of residential, community-based, and home health care services will continue. The aging of the population, rising rates of chronic disease, longer life expectancies, and advances in public health and medical technology will result in unprecedented numbers of people requiring long-term care services in the near future – even as a shortage of health care personnel is occurring. The health care industry must begin to work now to reduce the fragmentation that exists both in the continuum of long-term care services and in the system of payment for those services.

Industry participants must stay current on and attentive to data trends, be prepared to quickly expand current programs, and collaborate with other care providers within their communities, and thereby be ready to serve an even greater number of people by providing seamless care that is accessible, effective, efficient, and affordable.

Scope and Methodology

• This report covers the most important segments of the long-term care industry, each of which provide medical care and/or assistance with the activities of daily living (ADLs) on an ongoing basis:
• Nursing care
• Home care
• Hospice care
• Assisted living

Excluded are markets that address temporary care needs such as physical or mental rehabilitation as well as residential living programs and facilities that do not generally provide care such as retirement communities and/or continuing care retirement communities (CCRCs). Also excluded are equipment and supplies used in home care such as wheelchairs, beds, diabetic supplies, etc., as well as medications.

The Long Term Care Opportunity

Sales estimates for each market segment represent U.S. revenues and are expressed in current U.S. dollars. Estimates are provided for the historic 2016 to 2018 period and forecasts are provided through 2023. Historical information for this report was gathered from a wide variety of published sources including company reports and filings, government documents, legal filings, trade journals, newspapers and business press, analysts’ reports and other sources. Interviews with company representatives were conducted to capture the perspectives from industry participants’ point of view and assess trends and form the basis of the forecasting and competitive analysis.

Kalorama Information’s seventh edition of this detailed report on the long term care industry provides a size and forecast estimate for each of the critical segments noted above, including the following market information:
Overall U.S. Long Term Care Market 2015 – 2023 (Nursing Home Care, Home Care, Hospice Care, Assisted Living, Total)
U.S. Nursing Home Market, by Revenues, 2011 – 2020
Leading Competitors in the U.S. Nursing Home Market, by Revenues and Market Shares, 2018
U.S. Home Health Care Market, by Revenues, 2015-2023
Leading Competitors in the U.S. Home Health Care Market, by Revenues and Market Shares, 2018
U.S. Market for Hospice Care, by Revenues, 2015-2023
Leading Competitors in the U.S. Hospice Market, by Revenues and Market Shares, 2018
U.S. Market for Assisted Living, by Revenues, 2015-2023
Leading Competitors in the U.S. Assisted Living Market, by Revenues and Market Shares, 2018
Long Term Care Industry Revenues by Year, 2011, 2015, 2020
Long Term Care Industry Revenues by Major Player, 2018 (Nursing Home Care, Home Care, Hospice Care, Assisted Living, Total)

The U.S. health care industry continues to evolve in response to ongoing cost containment imperatives, aging of the population and relatively low rates of wellness within large segments of the general public (obese persons, diabetics, persons with addictions, etc.). This is leading to increased utilization of all forms of long-term care. For each of the segments of long term care, this report provides:

Historical information for this report was gathered from a wide variety of published sources including company reports and filings, government documents, legal filings, trade journals, newspapers and business press, analysts’ reports and other sources. Interviews with company representatives were conducted to capture the perspectives from industry participants’ point of view and assess trends, and form the basis of the forecasting and competitive analysis.

Competitive Analysis: Who is In the Market and Who is Winning?

This Kalorama Information report features a superior competitive analysis section. There are numerous companies in the long term care industry, but roughly 20 concerns stand out and are part of a profile in this report:

ALMOST FAMILY, INC/LHC GROUP
AMEDISYS, INC.
APRIA HEALTHCARE GROUP, INC
ATRIA SENIOR LIVING
BROOKDALE SENIOR LIVING, INC.
CAPITAL SENIOR LIVING
EXTENDICARE, INC
FIVE STAR SENIOR LIVING, INC
GENESIS HEALTHCARE
GOLDEN LIVING CENTERS
HCR MANOR CARE, INC
HOLIDAY RETIREMENT
HOME INSTEAD, INC.
KINDRED HEALTHCARE, INC.
KINDRED AT HOME
LIFE CARE CENTERS OF AMERICA
LIFE CARE SERVICES LLC
LINCARE HOLDINGS INC.
SUNRISE SENIOR LIVING, INC
THE ENSIGN GROUP
VISITING ANGELS LIVING ASSISTANCE SERVICES, INC
VITAS HEALTHCARE