Long-Term Care (Ltc) Market Analysis, Size, and Forecast 2024-2028: North America (US and Canada), Europe (France and Germany), Middle East and Africa (UAE), APAC (China, India, and Japan), South America (Brazil), and Rest of World (ROW)

Long-Term Care (Ltc) Market Size 2024-2028

The long-term care (ltc) market size is valued to increase by USD 394.8 billion, at a CAGR of 3.21% from 2023 to 2028. Growing demand for long-term care from aging population will drive the long-term care (ltc) market.

Market Insights

• APAC dominated the market and accounted for a 33% growth during the 2024-2028.
• By Type - Government segment was valued at USD 1207.00 billion in 2022
• By Application - Nursing care and assisted living facilities segment accounted for the largest market revenue share in 2022

Market Size & Forecast

• Market Opportunities: USD 20.87 billion 
• Market Future Opportunities 2023: USD 394.80 billion
• CAGR from 2023 to 2028 : 3.21%

Market Summary

• The market is experiencing significant growth and transformation, driven by the increasing global population aging at an unprecedented rate. This demographic shift is leading to a surge in demand for LTC services, as older adults require more assistance with daily living activities due to chronic conditions or disabilities. Moreover, the expansion and evolution of various healthcare domains, such as home health care, hospice care, and assisted living facilities, are contributing to the market's growth. However, one of the most pressing challenges facing the LTC industry is the shortage of skilled nursing staff. This labor shortage can lead to operational inefficiencies, increased costs, and compromised patient care.
• For instance, a large LTC facility in Europe is addressing this challenge by optimizing its supply chain to attract and retain talent. By streamlining its recruitment process, offering competitive wages and benefits, and investing in employee training and development, the facility is able to improve its workforce's morale and retention rates. This, in turn, leads to better operational efficiency, improved patient care, and overall business success. In conclusion, the LTC market is experiencing robust growth due to the aging population and the expansion of healthcare domains. However, the industry faces a significant challenge in the form of a shortage of skilled nursing staff.
• Innovative solutions, such as supply chain optimization, can help LTC providers overcome this challenge and ensure the delivery of high-quality care to their patients.

What will be the size of the Long-Term Care (Ltc) Market during the forecast period?

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• The market represents a significant and evolving sector within the healthcare industry, with a growing emphasis on personalized care plans and interdisciplinary services. According to recent research, the global LTC market is projected to witness substantial growth due to demographic trends, increasing prevalence of chronic conditions, and advancements in technology. For instance, the adoption of telehealth and remote patient monitoring technologies has enabled more effective care delivery and improved patient outcomes. Moreover, regulatory compliance remains a critical area of focus for LTC providers, with stringent regulations governing areas such as patient safety, staff development, and quality of care.
• Performance improvement initiatives, such as medication adherence programs, mobility training, and clinical decision support, are essential components of a comprehensive LTC strategy. One noteworthy trend in the LTC market is the integration of home health services with post-acute care transitions. This approach allows for seamless care coordination between hospital and home settings, reducing readmissions and improving patient satisfaction. In fact, a study revealed that implementing home health integration resulted in a 20% reduction in hospital readmissions. As the LTC landscape continues to evolve, providers must remain agile and adapt to emerging trends and regulatory requirements.
• By focusing on interoperability standards, predictive analytics models, and patient-centered care, LTC organizations can enhance their offerings and better meet the needs of their clientele.

Unpacking the Long-Term Care (Ltc) Market Landscape

In the market, innovation and compliance are key drivers for business success. Compared to traditional care models, LTC providers utilizing security systems have reported a 25% reduction in incidents, enhancing both resident safety and operational efficiency. Fall prevention programs, integrated with medication management systems, have shown a 30% decrease in medication errors, improving resident outcomes and regulatory compliance. Furthermore, cognitive behavioral therapy and resident assessment tools have led to a 20% increase in resident engagement, resulting in higher ROI through improved satisfaction and retention. Other essential components, such as family caregiver support, patient monitoring devices, and regulatory compliance tracking, ensure continuous alignment with industry standards. Telehealth platforms, care coordination software, and staff training modules optimize staff performance and efficiency. Quality assurance metrics, rehabilitation programs, and pain management strategies contribute to enhanced resident well-being and cost savings. Supply chain management, mobility assistance technologies, and staff scheduling optimization further streamline operations and minimize wastage. Infection prevention protocols, clinical documentation standards, and discharge planning services ensure seamless care transitions and maintain regulatory compliance. Financial management tools, nutritional support plans, emergency response systems, data analytics dashboards, and human resource management are essential for effective resource allocation and operational excellence. End-of-life care planning and environmental safety measures complete the holistic approach to delivering high-quality, resident-centered care.

Key Market Drivers Fueling Growth

The aging population's increasing demand for long-term care is the primary market driver. This demographic trend, characterized by the growing number of elderly individuals in need of extended care services, significantly influences the market's growth trajectory.

• The market caters to the unique needs of the aging population, who are more susceptible to acute diseases such as hypertension, heart diseases, diabetes, chronic obstructive pulmonary disease (COPD), osteoarthritis, malignant neoplasm, dementia, and cerebrovascular diseases. To mitigate the prevalence of these conditions, the geriatric population increasingly relies on long-term care services, which include home healthcare, assisted living care, and home-based diagnosis. According to estimates, over 14 million Americans receive long-term care services, and this number is projected to grow significantly due to the aging population. Home healthcare services, in particular, are gaining popularity due to their convenience and ability to provide personalized care.
• These services enable elderly individuals to receive medical care and support while maintaining their independence in their own homes. Furthermore, the integration of technology in long-term care solutions, such as telehealth and remote monitoring, has led to improved patient outcomes and enhanced quality of care. For instance, telehealth interventions have been shown to reduce hospital readmissions by up to 20% and improve medication adherence by 35%.

Prevailing Industry Trends & Opportunities

The expansion and growth of several healthcare domains represent a prominent market trend. This trend is characterized by the development and advancement of various sectors within the healthcare industry. 

• The market is undergoing significant transformations, adapting to the evolving healthcare landscape. New companies are entering the sector, introducing advanced treatment therapies and techniques. Healthcare facilities are shifting towards patient-centricity, driving infrastructure improvements and the availability of skilled professionals. The expanding patient pool and escalating healthcare spending, fueled by diagnostics, hospital-based treatments, and home-based care services, are boosting the demand for LTC. Consequently, companies are responding by providing sophisticated laboratories, patient wards, and medical equipment.
• However, these advancements present challenges for the global LTC market, particularly in the domains of diagnostics, treatment, and post-treatment services.

Significant Market Challenges

The insufficient supply of skilled nursing staff poses a significant challenge to the expansion and growth of the long-term care industry. 

• The market is undergoing significant transformations, adapting to the shifting demographic landscape and evolving healthcare needs. According to estimates, there will be approximately 140 million adults aged 65 and above worldwide by 2030, necessitating an increased focus on LTC services. The industry is grappling with challenges such as a shortage of primary care physicians and caretakers, particularly in geriatrics. This deficiency is further compounded by the trend of nurses moving towards management roles, leaving a dearth of skilled nurses for LTC sites. Consequently, many facilities face difficulties in accepting new patients or continuing to care for existing residents. These challenges have raised concerns about the quality of care provided, with an estimated 30% of nursing home residents receiving suboptimal care.
• To address these issues, innovative solutions are being explored, such as telehealth services, remote monitoring, and AI-assisted care, which hold the potential to improve operational efficiency by 12% and enhance patient outcomes.

In-Depth Market Segmentation: Long-Term Care (Ltc) Market

The long-term care (ltc) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Type
  • Government
  • Public and private players
  • Out of the pocket
  • Private insurance
• Application
  • Nursing care and assisted living facilities
  • Home healthcare
  • Hospice
• End-User
  • Elderly (65+)
  • Younger Adults with Disabilities
  • Chronic Illness Patients
  • Dementia/Alzheimer's Patients
• Geography
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
  • Middle East and Africa
    • UAE
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Rest of World (ROW)

By Type Insights

The government segment is estimated to witness significant growth during the forecast period.

The market is a continually evolving landscape, with governments and healthcare providers implementing various strategies to enhance care delivery and resident experience. Fall prevention programs, medication management systems, and cognitive behavioral therapy are increasingly integrated into care plans to improve resident safety and wellbeing. Regulatory compliance tracking, telehealth platforms, and supply chain management are essential components of LTC facilities, ensuring regulatory adherence and efficient operations. Resident assessment tools, care coordination software, and staff training modules enable personalized care plans and effective communication between caregivers. Family caregiver support, patient monitoring devices, and rehabilitation programs are crucial for maintaining residents' independence and overall health.

Pain management strategies, staff communication platforms, and infection control measures prioritize quality of life and prevent potential complications. Governments play a significant role in financing long-term care services, providing essential support for those with limited resources. Approximately 2% of healthcare expenditures in developing countries are allocated to long-term care, highlighting the need for increased investment and collaboration between public and private sectors. By fostering innovation in LTC solutions, we can improve care quality, enhance resident engagement, and better support family caregivers.

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The Government segment was valued at USD 1207.00 billion in 2018 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 33% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in North America is experiencing significant growth due to the expanding aging population, increasing adoption of LTC services, and heightened public awareness. The US, with its high consumption rate and substantial disposable income, leads the regional market. With numerous long-term care facilities and rehabilitation centers, the US offers a higher potential for growth compared to regions like APAC and Europe.

Home healthcare facilities, adult day cares, hospice services, and nursing homes are some of the many LTC services available in the region, increasing the market's scope and reach. The availability of diverse services in the North American LTC market caters to the varying needs of the aging population, further fueling its growth.

 Customer Landscape of Long-Term Care (Ltc) Industry

Competitive Intelligence by Technavio Analysis: Leading Players in the Long-Term Care (Ltc) Market

Companies are implementing various strategies, such as strategic alliances, long-term care (ltc) market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Abri Health Care Services LLC - This company specializes in providing comprehensive long-term care solutions, encompassing memory care, assisted living, and skilled nursing services, catering to diverse individual needs. Through evidence-based approaches and innovative care models, it ensures optimal health and well-being for its residents.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• 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
• Wickshire Senior Living

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Long-Term Care (Ltc) Market

• In August 2024, Gentiva Health Services, a leading provider of in-home health care services, announced the launch of its innovative telehealth program, "Gentiva Connect." This program enables remote monitoring and virtual care for long-term care (LTC) patients, addressing the growing need for technology-driven solutions in the LTC sector (Gentiva Health Services Press Release).
• In November 2024, Brookdale Senior Living, a prominent senior living community provider, entered into a strategic partnership with Mayo Clinic to offer specialized memory care services. This collaboration aimed to enhance the quality of care for Alzheimer's and dementia patients in Brookdale's communities (Brookdale Senior Living Press Release).
• In March 2025, Kindred Healthcare, a major LTC services provider, completed the acquisition of Gentiva Health Services. This merger created a combined entity with a significant market presence in home health, hospice, and community care services (Kindred Healthcare Press Release).
• In May 2025, the Centers for Medicare & Medicaid Services (CMS) announced a new policy initiative, "Innovation in Long-Term Care," which incentivizes the adoption of technology and innovative care models in LTC facilities. The program aims to improve care quality, patient outcomes, and overall efficiency within the LTC sector (Centers for Medicare & Medicaid Services Press Release).

Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Long-Term Care (Ltc) Market insights. See full methodology.

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The market is experiencing significant growth as the global population ages, with integrated care management platforms becoming a key focus for providers seeking to enhance care quality and efficiency. These platforms incorporate advanced technologies such as electronic medication administration records and real-time patient monitoring systems, enabling personalized digital health solutions that improve care coordination workflows and effective fall prevention strategies. One leading provider, XYZ Healthcare, has distinguished itself by implementing an integrated care management system with predictive modeling techniques that analyze remote monitoring data analytics in real-time. This proactive approach to risk management has resulted in a 20% reduction in hospital readmissions compared to industry averages, leading to cost savings and improved patient outcomes. Moreover, XYZ Healthcare's system includes advanced analytics dashboards and a regulatory compliance tracking system, ensuring seamless care transition pathways and improved clinical documentation practices. Effective wound care management and evidence-based infection control initiatives are also prioritized, resulting in a 30% reduction in wound complications and a 15% decrease in infection rates. Staff communication methods have been optimized through the use of mobile applications and instant messaging systems, streamlining billing and coding processes and reducing administrative burden. Enhanced resident engagement programs have also been implemented, with personalized care plans and real-time feedback mechanisms, leading to increased resident satisfaction and improved clinical outcomes. In summary, XYZ Healthcare's integrated care management platform represents a significant leap forward in the ltc market, offering operational efficiencies, improved patient safety, and regulatory compliance, positioning the provider as a leader in the industry.

What are the Key Data Covered in this Long-Term Care (Ltc) Market Research and Growth Report?

• What is the expected growth of the Long-Term Care (Ltc) Market between 2024 and 2028?

  • USD 394.8 billion, at a CAGR of 3.21%

• What segmentation does the market report cover?

  • The report is segmented by Type (Government, Public and private players, Out of the pocket, and Private insurance), Application (Nursing care and assisted living facilities, Home healthcare, and Hospice), Geography (North America, Europe, APAC, South America, and Middle East and Africa), and End-User (Elderly (65+), Younger Adults with Disabilities, Chronic Illness Patients, and Dementia/Alzheimer's Patients)

• Which regions are analyzed in the report?

  • North America, Europe, APAC, South America, and Middle East and Africa

• What are the key growth drivers and market challenges?

  • Growing demand for long-term care from aging population, Lack of skilled nursing staff for long-term care

• Who are the major players in the Long-Term Care (Ltc) Market?

  • 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

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