The global long-term care market is estimated to record a substantial CAGR of 7.2% during the forecast period (2021-2027). Growing burden of chronic diseases, favorable reforms and government initiatives within healthcare, and rise in aging population are among the major factors driving the growth of the long-term care market. Among the patients requiring long-term care, some of the most frequent chronic medical conditions include hypertension, gastroesophageal reflux disease, heartburn, acid/peptic acid disease, diabetes, atrial fibrillation, anemia, arthritis, atherosclerosis, congestive heart failure, constipation, chronic obstructive pulmonary disease, cerebrovascular disease, dementia, depression, diabetes, gastroesophageal reflux disease, heartburn and ulcer disease, hypertension, lipid disorder, osteoporosis, Parkinson’s disease, peripheral vascular disease, renal failure, thyroid disorders, and benign prostatic hyperplasia. The prevalence rate of most of these chronic diseases has increased in the last few years, thus, the need for long-term care services is anticipated to grow substantially.
Browse the full report description Global Long-Term Care Market Size, Share & Trends Analysis Report by Service Type (Medical Services (In-house Therapy, Skilled Nursing, and Others) and Assisted Living Services) and by Point of Care (Homecare and Hospitals (Rehabilitation Center) Forecast Period (2021-2027) at https://www.omrglobal.com/industry-reports/long-term-care-market
Further, the world is likely to witness considerable growth in geriatric population, general age-related disabilities, and the elderly patient population suffering from chronic diseases such as heart problems, Alzheimer’s, dementia, and mental stress. In addition, hospitalization also proves to be expensive and incurs unnecessary use of resources, which can be utilized by patients in critical conditions. Unnecessary hospitalization often results in higher expenditure and degrades the quality of life. Thus, increasing the demand for long-term care services, across the globe.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
Global Long-Term Care Market Report Segment
By Type
o In-House Therapy
o Skilled Nursing
o Others
By Point of Care
Global Long-Term Care Market by Region
North America
Europe
Asia-Pacific
Rest of the World
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