DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Long Term Care Market Analysis by Service (Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities) and Segment Forecasts to 2024" report to their offering.
The global Long Term Care (LTC) market is expected to reach USD 1,109 billion by 2024, according to this new report. The market is expected to boom owing to the increasing awareness of people about the different home healthcare facilities, the increasing medical coverage for home healthcare, and the increasing aging population.
In October 2015, there were around 12 million people receiving home healthcare and the number is expected to increase dramatically. Moreover, according to the U.S. Census Bureau, the population aged 65 and older is expected to reach 84 million by 2050 as against 43.1 million in 2012. Moreover, there has been a shift to in-home care from long term care. The nursing homes have shrunk by 350 over the past six years, while the in-home nursing programs have doubled.
In 2015, the home healthcare dominated the market owing to the increasing awareness regarding home healthcare facilities, the cost savings offered by them as compared to hospital stays or nursing homes, and proactive health monitoring. Home healthcare is booming in the developing countries owing to the increasing need for geriatric care, double income households, and social changes.
North America dominated the market in 2015. The market for long term care services is majorly driven by the increasing aging population, awareness about the advantages of home healthcare services, and the government support. Around 13% of the people in the U.S. are 65 years or above. By 2050, it is expected that one in five Americans would be at least 65 years of age.
- Brookdale Senior Living, Inc.
- Sunrise Senior Living, Inc.
- Emeritus Corporation
- Atria Senior Living Group
- Extendicare, Inc.
- Gentiva Health Services, Inc.
- Senior Care Centers of America
- Kindred Healthcare, Inc.
- Genesis Healthcare Corp.
Home Instead Senior Care, Inc.
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Long Term Care (LTC) Industry Outlook
4. Long Term Care (LTC) Service Outlook
5. Long Term Care (LTC)Regional Outlook
6. Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/pgwsft/long_term_care
Related Topics: Nursing