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Long Term Care Market Share

Report ID: GMI3895
Published Date: Oct 2021
Report Format: PDF

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Long Term Care Market Share

Some of the major companies operating in the market are

Extendicare
Brookdale Senior Living Solutions
Capital Senior Living
Sunrise Senior Living
Diversicare (DAC Acquisition)
Home Instead (Honor)
Amedisys
Lincare Holdings
Atria Senior Living

These prominent leaders focus on implementation of strategic initiatives such as partnerships, mergers & acquisitions, and market diversification for business expansion. In addition, these companies are heavily investing in research that enables them to launch advanced services and garner maximum revenue in the market.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Industry size of long-term care had crossed USD 915 billion in 2020 and will witness growth at a rate of more than 8.5% up to 2027 due to the booming geriatric population and higher incorporation of novel healthcare IT modalities in these services.

Community-based services that held a market valuation of over USD 328 billion in 2020, are one of the fast-growing sectors of long-term care as they offer increased affordability and higher public spending for the community-based services.

The public payer segment crossed USD 403 billion in 2020 and will expand with the growing public funding and higher adoption of favorable policies.

U.S. market is set to record more than USD 598 billion through 2027 due to the thriving target population, rising expenditure on healthcare & LTC, and the growing incidences of chronic ailments across the country.