Long Term Care Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
The Global Long Term Care Market, valued at USD 1.2 trillion in 2024, is projected to expand at a CAGR of 6.2% from 2025 to 2034. This market includes a diverse range of services tailored to meet the medical, social, and personal needs of individuals who require ongoing assistance with daily activities. The aging population, coupled with the increasing prevalence of chronic illnesses, has driven demand for long-term care solutions, emphasizing the need for comprehensive support that enhances the quality of life for recipients.
Long-term care services span various settings, from home-based options to community and institutional care, offering essential support for individuals who cannot manage daily living independently. As healthcare systems evolve, the focus remains on addressing cost-effectiveness while ensuring high-quality care. The market’s growth reflects a commitment to balancing affordability with service efficiency, fostering widespread adoption among individuals and families seeking reliable assistance.
Market segmentation by service type highlights community-based, facility-based, home healthcare services, and other offerings. Community-based options are expected to witness steady growth, bolstered by their economic advantages and flexible care arrangements. By 2034, these services are projected to contribute significantly to the overall market value, reflecting a growing preference for accessible and adaptable solutions.
Age demographics further shape the market landscape. The 75 to 84 age group is expected to exhibit the highest growth rate, with a CAGR of 6.5%, and reach USD 796.8 billion by 2034. The rising demand for long-term care within this demographic is primarily driven by the increasing need for assistance with essential daily tasks, including medication management, mobility support, and meal preparation. These services empower older adults to maintain a semblance of independence while benefiting from tailored care solutions that enhance their well-being.
The United States remains a key player in the long-term care market, generating USD 477.4 billion in 2024 and anticipated to grow at a CAGR of 6% over the next decade. This growth is fueled by a growing elderly population and a higher prevalence of chronic conditions, including arthritis, diabetes, and dementia, among older adults. The need for professional caregiving services, such as skilled nursing and home healthcare, is increasingly apparent as the country addresses the challenges posed by its aging demographic. With rising awareness of the benefits of long-term care, the demand for accessible and effective solutions is set to grow steadily.
Long-term care services span various settings, from home-based options to community and institutional care, offering essential support for individuals who cannot manage daily living independently. As healthcare systems evolve, the focus remains on addressing cost-effectiveness while ensuring high-quality care. The market’s growth reflects a commitment to balancing affordability with service efficiency, fostering widespread adoption among individuals and families seeking reliable assistance.
Market segmentation by service type highlights community-based, facility-based, home healthcare services, and other offerings. Community-based options are expected to witness steady growth, bolstered by their economic advantages and flexible care arrangements. By 2034, these services are projected to contribute significantly to the overall market value, reflecting a growing preference for accessible and adaptable solutions.
Age demographics further shape the market landscape. The 75 to 84 age group is expected to exhibit the highest growth rate, with a CAGR of 6.5%, and reach USD 796.8 billion by 2034. The rising demand for long-term care within this demographic is primarily driven by the increasing need for assistance with essential daily tasks, including medication management, mobility support, and meal preparation. These services empower older adults to maintain a semblance of independence while benefiting from tailored care solutions that enhance their well-being.
The United States remains a key player in the long-term care market, generating USD 477.4 billion in 2024 and anticipated to grow at a CAGR of 6% over the next decade. This growth is fueled by a growing elderly population and a higher prevalence of chronic conditions, including arthritis, diabetes, and dementia, among older adults. The need for professional caregiving services, such as skilled nursing and home healthcare, is increasingly apparent as the country addresses the challenges posed by its aging demographic. With rising awareness of the benefits of long-term care, the demand for accessible and effective solutions is set to grow steadily.
CHAPTER 1 METHODOLOGY AND SCOPE
1.1 Market scope and definitions
1.2 Research design
1.2.1 Research approach
1.2.2 Data collection methods
1.3 Base estimates and calculations
1.3.1 Base year calculation
1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
1.5.1 Primary sources
1.5.2 Data mining sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Favourable long term care insurance plans
3.2.1.2 Increasing adoption of long term care services among elderly population base
3.2.1.3 Technological advancements
3.2.2 Industry pitfalls and challenges
3.2.2.1 Lack of awareness regarding long term care services in developing regions
3.2.2.2 High cost associated with the services
3.3 Growth potential analysis
3.4 Regulatory landscape
3.5 Technology landscape
3.6 Payment sources
3.7 Future market trends
3.8 Porter's analysis
3.9 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2024
4.1 Introduction
4.2 Company matrix analysis
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategy dashboard
CHAPTER 5 MARKET ESTIMATES AND FORECAST, BY SERVICE TYPE, 2021 – 2034 ($ MN)
5.1 Key trends
5.2 Community based services
5.2.1 Adult day care
5.2.2 Continuing care retirement communities (CCRC)
5.2.3 Other community based services
5.3 Facility based care services
5.4 Home healthcare services
5.5 Other service types
CHAPTER 6 MARKET ESTIMATES AND FORECAST, BY AGE GROUP, 2021 – 2034 ($ MN)
6.1 Key trends
6.2 65 to
6.3 75 to
6.4 85 years and older
CHAPTER 7 MARKET ESTIMATES AND FORECAST, BY GENDER, 2021 – 2034 ($ MN)
7.1 Key trends
7.2 Male
7.3 Female
CHAPTER 8 MARKET ESTIMATES AND FORECAST, BY PAYER, 2021 – 2034 ($ MN)
8.1 Key trends
8.2 Public
8.3 Out-of-pocket
8.4 Private
CHAPTER 9 MARKET ESTIMATES AND FORECAST, BY REGION, 2021 – 2034 ($ MN)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Spain
9.3.5 Italy
9.3.6 Netherlands
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Australia
9.4.5 South Korea
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.6 Middle East and Africa
9.6.1 South Africa
9.6.2 Saudi Arabia
9.6.3 UAE
CHAPTER 10 COMPANY PROFILES
10.1 Amedisys
10.2 ANTARA
10.3 Atria Senior Living
10.4 BROOKDALE
10.5 Capital Senior Living
10.6 DIVERSICARE
10.7 ENSIGN GROUP
10.8 Erickson Senior Living
10.9 Extendicare
10.10 Genesis
10.11 Home Instead
10.12 LHC Group
10.13 Life Care Centers of America
10.14 LINCARE
10.15 SUNRISE SENIOR LIVING
1.1 Market scope and definitions
1.2 Research design
1.2.1 Research approach
1.2.2 Data collection methods
1.3 Base estimates and calculations
1.3.1 Base year calculation
1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
1.5.1 Primary sources
1.5.2 Data mining sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Favourable long term care insurance plans
3.2.1.2 Increasing adoption of long term care services among elderly population base
3.2.1.3 Technological advancements
3.2.2 Industry pitfalls and challenges
3.2.2.1 Lack of awareness regarding long term care services in developing regions
3.2.2.2 High cost associated with the services
3.3 Growth potential analysis
3.4 Regulatory landscape
3.5 Technology landscape
3.6 Payment sources
3.7 Future market trends
3.8 Porter's analysis
3.9 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2024
4.1 Introduction
4.2 Company matrix analysis
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategy dashboard
CHAPTER 5 MARKET ESTIMATES AND FORECAST, BY SERVICE TYPE, 2021 – 2034 ($ MN)
5.1 Key trends
5.2 Community based services
5.2.1 Adult day care
5.2.2 Continuing care retirement communities (CCRC)
5.2.3 Other community based services
5.3 Facility based care services
5.4 Home healthcare services
5.5 Other service types
CHAPTER 6 MARKET ESTIMATES AND FORECAST, BY AGE GROUP, 2021 – 2034 ($ MN)
6.1 Key trends
6.2 65 to
6.3 75 to
6.4 85 years and older
CHAPTER 7 MARKET ESTIMATES AND FORECAST, BY GENDER, 2021 – 2034 ($ MN)
7.1 Key trends
7.2 Male
7.3 Female
CHAPTER 8 MARKET ESTIMATES AND FORECAST, BY PAYER, 2021 – 2034 ($ MN)
8.1 Key trends
8.2 Public
8.3 Out-of-pocket
8.4 Private
CHAPTER 9 MARKET ESTIMATES AND FORECAST, BY REGION, 2021 – 2034 ($ MN)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Spain
9.3.5 Italy
9.3.6 Netherlands
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Australia
9.4.5 South Korea
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.6 Middle East and Africa
9.6.1 South Africa
9.6.2 Saudi Arabia
9.6.3 UAE
CHAPTER 10 COMPANY PROFILES
10.1 Amedisys
10.2 ANTARA
10.3 Atria Senior Living
10.4 BROOKDALE
10.5 Capital Senior Living
10.6 DIVERSICARE
10.7 ENSIGN GROUP
10.8 Erickson Senior Living
10.9 Extendicare
10.10 Genesis
10.11 Home Instead
10.12 LHC Group
10.13 Life Care Centers of America
10.14 LINCARE
10.15 SUNRISE SENIOR LIVING
