Feb 19, 2021: 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.

Download sample Copy of This Report at: https://www.millioninsights.com/industry-reports/long-term-care-market/request-sample

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.

Read Complete Report With TOC @ https://www.millioninsights.com/industry-reports/long-term-care-market

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.

Market Segment:

Global Long Term Care (LTC) Service Outlook (Revenue, USD Billion, 2013 - 2024)

  • Home Healthcare
  • Hospice
  • Nursing Care
  • Assisted Living Facilities

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person:

Ryan Manuel

Research Support Specialist, USA

Email: [email protected]

Global Headquarters

Million Insights

Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States

Phone: 1-408-610-2300

Email: [email protected]

Asia Pacific

Million Insights

Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India

Phone: 91-20-65300184