San Francisco, 29 May 2020 — “Long Term Care Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, By Application And Segment Forecasts To 2025”
Global Long Term Care Market is projected to witness an upward trend during the forecast period. Long term care facilities are an inseparable part of healthcare system in developed and developing countries. Under developed regions, those suffering from chronic illness and aging, normally demand long term care facilities. Services such as sanitation, medical care, and nutrition are on the rise in developing countries.
Long term care market is driven by factors such as increase in geriatric population, prevalence of chronic diseases, and rise in importance of long term care services. In addition, extensive government support in developed countries and various programmes conducted by NGO’s are likely to stimulate the market growth in the forecast period. Change in lifestyle and increase in population are expected to stimulate the market in the forecast period. However, functional issues and service limitations are some factors that may hinder the market growth during the forecast period.
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By service type, the long term care industry segmentation includes social work services, therapeutic services, skilled nursing or nursing services, hospice services, pharmacy or pharmacist services, and mental health or counselling services. Skilled nursing or nursing services and pharmacy have gained a lot of traction due to emergence of e-commerce platforms and technology enabled product delivery.
Geographical segmentation for long term care market includes North America, South America, Europe, Asia-Pacific, Middle East, and Africa. North America is expected to dominate the long term care industry in the forecast period due to rise in government support and special attention toward medical needs of geriatric population. Subsequently, mergers and acquisitions, partnerships and collaborations are the major strategies adopted by key players in this region.
Asia-Pacific regions are likely to gain a substantial market share in the forecast period due to rise in medical importance and growth in home care services. Universities have now made it easy for students to pursue education in social science and nursing. Middle Eastern and African regions are likely to grow at a significant rate due to alarming rate of chronic diseases with unmet medical needs. The key players in the long term care market include American General Life (AIG), New York Life Insurance Company, State Farm Insurance, Thrivent and AARP Long Term Care.
This research report offers a comprehensive analysis of key elements of the Long Term Care Market such as potential top key Manufacturers along with their strengths and weaknesses. The Long Term Care Market report also comprises some useful strategies and scenario for the new players in the market. While forecasting the growth of the global Long Term Care market, various statistical tools were utilized to get an accurate result of the Demographic data.
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Table of Contents
Chapter 1 Long Term Care Market Overview
1.1 Long Term Care Definition
1.2 Long Term Care Market Size Status and Outlook (2013-2028)
1.3 Global Long Term Care Market Size Comparison by Region (2013-2028)
1.4 Global Long Term Care Market Size Comparison by Type (2013-2028)
1.5 Global Long Term Care Market Size Comparison by Application (2013-2028)
1.6 Global Long Term Care Market Size Comparison by Sales Channel (2013-2028)
1.7 Long Term Care Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/ Expansion)
Chapter 2 Long Term Care Market Segment Analysis by Player
Chapter 3 Long Term Care Market Segment Analysis by Type
And Continue…
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Long Term Care Insurance Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the long term care insurance market include State Farm, GoldenCare, Sun Life Financial, ACSIA Partners, Humana Inc, Allstate, MassMutual, Anthem, LTCRplus, NerdWallet.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Long Term Care Insurance Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/long-term-care-insurance-market/download-sampleMarket DynamicsThe long-term care insurance market is expected to witness remarkable growth due to an increasing number of geriatric populations, and the majority of them suffering from a disability, Alzheimer’s, cardiovascular disease, cancer, osteoporosis, and other such diseases.
Other key market driving factors are increased life expectancy, giving rise to long-term care, and exponential growth of the healthcare sector.
Advanced technologies meant for aged people like the virtual companion and development of passive in-house patient monitoring devices that help in tracking patient’s health conditions will further boost the long-term care insurance market.
