Long Term Care Market, June 2021 Report On 2021 Industry Outlook, Current Status, Supply-Demand, Growth Opportunities and Top Players Analysis 2030

In a recently published report, Long Term Care Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Long Term Care Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Long Term Care Market valued approximately USD 810 billion in 2017 is anticipated to grow with a healthy growth rate of more than 6.2% over the forecast period 2018-2025. The Long Term Care Market is continuously growing in the global scenario at significant pace. Long term care (LTC) service contains a variety of services provided by nursing homes, day care centres, home health agencies and from family or friends. Long term care service comprises a broad range of personal care, healthcare and supportive care services. It is required for geriatrics people and adult who are unable to take self-care due to injury, cognitive or mental disability and chronic illness. Long term care service provides support to people in regain quality of life and in improving an optimal level of physical functioning of life. Increasing aging population and rising incidence of chronic diseases, growing consciousness among people regarding the numerous home healthcare facilities and increasing medical coverage for home healthcare are the substantial driving factors of the market across the globe.

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Moreover, government funding, scarcity of skilled nursing staff, and increased collaborations of private insurers with the government are some factors likely to create lucrative opportunities in the market over the upcoming years. However, high cost associated with long term care and unwillingness of the traditional long term care providers to adopt new software are the factors that limiting the market growth during the forecast period.

The regional analysis of Global Long Term Care Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share due to rising ageing population and favorable government support in the region. Further, Europe is estimated to grow at higher rate in the global Long Term Care market over the upcoming years due to increasing infrastructural development in healthcare. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to string economic growth and increasing disposable income in the region.

The major market player included in this report are:
*Brookdale Senior Living
*Sunrise Senior Living
*Emeritus
*Atria Senior Living
*Extendicare
*Gentiva Health Services
*Senior Care Centres of America
*Kindred Healthcare

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

*Home Healthcare
*Hospice
*Nursing Care
*Assisted Ling Facilities

By Application:

*Hospital
*Nursing Home
*Clinic

By Regions:
*North America
o U.S.
o Canada
*Europe
o UK
o Germany
*Asia Pacific
o China
o India
o Japan
*Latin America
o Brazil
o Mexico
*Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

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Target Audience of the Global Long Term Care Market in Market Study:

*Key Consulting Companies & Advisors
*Large, medium-sized, and small enterprises
*Venture capitalists
*Value-Added Resellers (VARs)
*Third-party knowledge providers
*Investment bankers
*Investors

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