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Published: May, 2019 | Pages:
120 | Publisher: Grand View Research
Industry: Healthcare | Report Format: Electronic (PDF)
The global long term care market size is expected to reach USD 1.7 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a 7.5% CAGR during the forecast period. The market is expected to grow primarily owing to rising prevalence of target diseases, especially Alzheimer's and other dementias, among the aging population. In addition to this, increasing awareness about different long term care (LTC) facilities and the increasing medical coverage for home healthcare are likely to benefit market growth. According to data published by the United Nations in 2017, it has been estimated that the number of people above 60 of years of age is expected to double between 2017 and 2050. In 2017, the geriatric population was estimated to be 962 million globally. In August 2018, it was estimated that around 52.0% of the people turning 65 years are more likely to take rely on some type of LTC services in the years to come. There has also been a shift toward in-home care from LTC. The number of nursing facilities has reduced over the past several years, while the prevalence of in-home nursing programs have doubled. Developing economies make for lucrative markers as far as home healthcare is concerned. India, for instance, has many home healthcare startups such as Health Care at Home, Zoctr, Vatsalya, Zozz, Life Circle Health Services, Healers at Home, and the Nightingales, a factor that has worked in its favor. In India, Portea is one of the market leaders in home healthcare. In November 2017, Portea raised USD 26.0 million in the Series C funding for better home healthcare facilities. Growing medical coverage by government and private insurers has had a positive impact on market growth. According to the Hospice Association of America, Medicare pays USD 173 per day for inpatient respite care, USD 744 per day for general inpatient care, USD 193 per day for routine homecare, and USD 41 per hour for continuous homecare. Moreover, in 2016, Medicare paid a total of USD 16.9 billion to hospice providers, and the average spending per Medicare hospice patient was USD 11,820.0. Further key findings from the study suggest: • In 2018, the home healthcare segment held the largest market share owing to increasing awareness regarding such facilities, cost savings offered by them as compared to hospital stays or nursing homes, and proactive health monitoring • The home healthcare segment is expected to witness rapid growth in developing nations owing to increasing need for geriatric care, presence of double-income households, and ongoing social changes • Hospice is the fastest growing segment owing to increasing incidence rate of Alzheimer's and dementia and an increase in post-hospital care. Moreover, the coverage offered by both Medicaid and private insurers has relieved residents from out-of-pocket payments that have to be borne by them • North America dominated the long term care market in 2018, majorly driven by advanced medical infrastructure, awareness about the advantages of home health services, rising geriatric population, and government support. Around 13% of the people in U.S. are 65 years or above and it is expected that by 2050, one in five Americans would be at least 65 years of age • Asia Pacific is the fastest growing market owing to increasing rate of chronic diseases, the increasing disposable incomes, and decreasing working population. For instance, in China, the one-child policy has eventually decreased the working population as compared to the older population • Industry players are continuously investing in expanding and revamping existing facilities. For instance, in February 2019, Genesis HealthCare underwent a real estate partnership with Next Healthcare Capital. The deal involved 15 skilled nursing facilities previously leased from Welltower Inc. • Key players operating in the global market include Brookdale Senior Living, Inc.; Sunrise Carlisle, LP; Atria Senior Living Group; Extendicare, Inc.; Senior Care Centers of America; Kindred Healthcare, Inc.; Genesis Healthcare Corp.; Home Instead Senior Care, Inc.; Capital Senior Living Corporation; and Diversicare Healthcare Services, Inc.
Table of Contents
Chapter 1 Methodology And Scope
1.1 Market Segmentation & Scope
1.1.1 Services
1.1.2 Regional Scope
1.1.3 Estimates And Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Gvr's Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details Of Primary Research
1.4 Information Or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity Flow Analysis
1.6.1.1 Approach 1: Commodity Flow Approach
1.6.2 Volume Price Analysis
1.6.2.1 Approach 2: Volume Price Analysis
1.7 List Of Secondary Sources
1.8 List Of Abbreviations
1.9 Objectives
1.9.1 Objective 1
1.9.2 Objective 2
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.2 Market Segmentation
3.2.1 Analysis
3.3 Market Dynamics
3.3.1 Market Driver Analysis
3.3.1.1 Growing Geriatric Population
3.3.1.2 Growing Prevalence Of Target Diseases, Especially Alzheimer's And Other Dementias
3.3.1.3 Increasing Employment Of Women
3.3.1.4 Technological Development
3.3.1.5 Increasing Government Involvement In Therapeutic And Vaccination In LTC Facilities
3.3.2 Market Restraint Analysis
3.3.2.1 Lack Of Skilled Human Resources
3.3.2.2 Stringent Regulations
3.3.2.3 Lower Remunerations
3.3.3 Industry Opportunities
3.4 Penetration & Growth Prospect Mapping
3.4.1 Penetration & Growth Prospect Mapping Analysis
3.5 Business Environment Analysis Tools
3.5.1 Porter's Five Forces Analysis
3.5.2 Pestel Analysis
3.5.3 Major Deals & Strategic Alliances Analysis
3.5.3.1 Mergers & Acquisitions And Joint Ventures
3.5.3.2 Licensing & Partnerships And Technology Collaborations
Chapter 4 Qualitative Analysis: Air Purifiers In Long Term Care Facilities
4.1 Qualitative Analysis - Air Purifiers In LTC Facilities
4.2 Competitive Analysis
Chapter 5 Long Term (LTC) Market: Service Analysis
5.1 Long Term Care (LTC) Services Market Share Analysis, 2018 & 2026
5.2 Long Term Care (LTC) Services Market: Segment Dashboard
5.3 Market Size & Forecasts And Trend Analyses, 2015 To 2026 For The Services Segment
5.3.1 Home Healthcare
5.3.1.1 Home Healthcare Market, 2015 - 2026 (USD Billion)
5.3.2 Hospices
5.3.2.1 Hospices Market, 2015 - 2026 (USD Billion)
5.3.3 Nursing Care
5.3.3.1 Nursing Care Market, 2015 - 2026 (USD Billion)
5.3.4 Assisted Living Facilities
5.3.4.1 Assisted Living Facilities Market, 2015 - 2026 (USD Billion)
Chapter 6 Long Term Care (LTC) Market: Regional Analysis
6.1 Long Term Care (LTC) Regional Market Share Analysis, 2018 & 2026
6.2 Long Term Care (LTC)-Regional Market: Segment Dashboard
6.3 Regional Market Snapshot (Market Size, Cagr, Top Countries)
6.4 List Of Players At Regional Level
6.4.1 North America
6.4.2 Europe
6.4.3 Asia Pacific
6.5 Swot Analysis, By Factor (Political & Legal, Economic And Technological)
6.5.1 North America
6.5.2 Europe
6.5.3 Asia Pacific
6.5.4 Latin America
6.5.5 Mea
6.6 Market Size, & Forecasts, And Trend Analysis, 2015 To 2026
6.6.1 North America
6.6.1.1 North America Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.1.2 U.S.
6.6.1.2.1 Reimbursement Scenario
6.6.1.2.2 U.S. Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.1.3 Canada
6.6.1.3.1 Reimbursement Scenario
6.6.1.3.2 Canada Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.2 Europe
6.6.2.1 Europe Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.2.2 U.K.
6.6.2.2.1 Reimbursement Scenario
6.6.2.2.2 U.K. Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.2.3 Germany
6.6.2.3.1 Reimbursement Scenario
6.6.2.3.2 Germany Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.2.4 France
6.6.2.4.1 Reimbursement Scenario
6.6.2.4.2 France Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.2.5 Italy
6.6.2.5.1 Reimbursement Scenario
6.6.2.5.2 Italy Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.2.6 Spain
6.6.2.6.1 Reimbursement Scenario
6.6.2.6.2 Spain Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.3 Asia Pacific
6.6.3.1 Asia Pacific Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.3.2 Japan
6.6.3.2.1 Reimbursement Scenario
6.6.3.2.2 Japan Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.3.3 China
6.6.3.3.1 China Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.3.4 India
6.6.3.4.1 India Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.3.5 Australia
6.6.3.5.1 Reimbursement Scenario
6.6.3.5.2 Australia Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.4 Latin America
6.6.4.1 Latin America Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.4.2 Brazil
6.6.4.2.1 Reimbursement Scenario
6.6.4.2.2 Brazil Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.4.3 Mexico
6.6.4.3.1 Reimbursement Scenario
6.6.4.3.2 Mexico Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.4.4 Argentina
6.6.4.4.1 Argentina Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.5 Middle East And Africa
6.6.5.1 Mea Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
6.6.5.2 South Africa
6.6.5.2.1 South Africa Long Term Care (LTC) Market, 2015 - 2026 (USD Billion)
Chapter 7 Competitive Analysis
7.1 Recent developments & impact analysis, by key market participants
7.2 Strategic Framework/ Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3 Vendor Landscape
7.3.1 Company Market Position Analysis (Geographic Presence, Service Portfolio, Strategic Initiatives)
7.4 Company Profiles
7.4.1 BROOKDALE SENIOR LIVING SOLUTIONS
7.4.1.1 Company overview
7.4.1.2 Financial performance
7.4.1.3 Services benchmarking
7.4.1.4 Strategic initiatives
7.4.1.5 SWOT analysis
7.4.2 SUNRISE CARLISLE, LP (SUNRISE SENIOR LIVING, LLC)
7.4.2.1 Company overview
7.4.2.2 Financial performance
7.4.2.3 Services benchmarking
7.4.2.4 Strategic initiatives
7.4.2.5 SWOT analysis
7.4.3 KINDRED HEALTHCARE, INC.
7.4.3.1 Company overview
7.4.3.2 Financial performance
7.4.3.3 Services benchmarking
7.4.3.4 Strategic initiatives
7.4.3.5 SWOT analysis
7.4.4 GENESIS HEALTHCARE, INC.
7.4.4.1 Company overview
7.4.4.2 Financial performance
7.4.4.3 Service benchmarking
7.4.4.4 Strategic initiatives
7.4.4.5 SWOT analysis
7.4.5 EXTENDICARE, INC.
7.4.5.1 Company overview
7.4.5.2 Financial performance
7.4.5.3 Service benchmarking
7.4.5.4 Strategic initiatives
7.4.5.5 SWOT analysis
7.4.6 CAPITAL SENIOR LIVING CORPORATION
7.4.6.1 Company overview
7.4.6.2 Financial performance
7.4.6.3 Services benchmarking
7.4.6.4 Strategic initiatives
7.4.6.5 SWOT analysis
7.4.7 DIVERSICARE HEALTHCARE SERVICES, INC.
7.4.7.1 Company overview
7.4.7.2 Financial performance
7.4.7.3 Services benchmarking
7.4.7.4 Strategic initiatives
7.4.7.5 SWOT analysis
7.4.8 HOME INSTEAD, INC.
7.4.8.1 Company overview
7.4.8.2 Services benchmarking
7.4.8.3 Strategic initiatives
7.4.9 SENIOR CARE CENTERS OF AMERICA
7.4.9.1 Company overview
7.4.9.2 Services benchmarking
7.4.9.3 Strategic initiatives
7.4.10 ATRIA SENIOR LIVING, INC.
7.4.10.1 Company overview
7.4.10.2 Services benchmarking
7.4.10.3 Strategic initiatives
Chapter 8 Recommendations
List of Tables TABLE 1 List of secondary sources TABLE 2 List of abbreviation TABLE 3 Recommendations of vaccines and their dosage (for adults 60 years and above) TABLE 4 Suppliers for LTC market TABLE 5 List of players offering air-purifiers to the long-term care facilities TABLE 6 Top home healthcare companies in the U.S., 2015 TABLE 7 Top hospice companies in the U.S., 2015 TABLE 8 Top nursing care companies in the U.S., 2015 TABLE 9 Top assisted living facilities in the U.S., 2015 TABLE 10 North America long term care market, by service, 2015 - 2026 (USD Billion) TABLE 11 U.S. long term care market, by service, 2015 - 2026 (USD Billion) TABLE 12 Canada long term care market, by service, 2015 - 2026 (USD Billion) TABLE 13 Europe long term care market, by service, 2015 - 2026 (USD Billion) TABLE 14 U.K. long term care market, by service, 2015 - 2026 (USD Billion) TABLE 15 Germany long term care market, by service, 2015 - 2026 (USD Billion) TABLE 16 France long term care market, by service, 2015 - 2026 (USD Billion) TABLE 17 Italy long term care market, by service, 2015 - 2026 (USD Billion) TABLE 18 Spain long term care market, by service, 2015 - 2026 (USD Billion) TABLE 19 Rest of Europe long term care market, by service, 2015 - 2026 (USD Billion) TABLE 20 Asia Pacific long term care market, by service, 2015 - 2026 (USD Billion) TABLE 21 Japan long term care market, by service, 2015 - 2026 (USD Billion) TABLE 22 China long term care market, by service, 2015 - 2026 (USD Billion) TABLE 23 India long term care market, by service, 2015 - 2026 (USD Billion) TABLE 24 Australia long term care market, by service, 2015 - 2026 (USD Billion) TABLE 25 Rest of Asia Pacific long term care market, by service, 2015 - 2026 (USD Billion) TABLE 26 Latin America long term care market, by service, 2015 - 2026 (USD Billion) TABLE 27 Brazil long term care market, by service, 2015 - 2026 (USD Billion) TABLE 28 Mexico long term care market, by service, 2015 - 2026 (USD Billion) TABLE 29 Argentina long term care market, by service, 2015 - 2026 (USD Billion) TABLE 30 Rest of LATAM long term care market, by service, 2015 - 2026 (USD Billion) TABLE 31 Middle East & Africa long term care market, by service, 2015 - 2026 (USD Billion) TABLE 32 South Africa long term care market, by service, 2015 - 2026 (USD Billion) TABLE 33 Rest of MEA long term care market, by service, 2015 - 2026 (USD Billion) TABLE 34 List of players in North America TABLE 35 List of players in Europe TABLE 36 List of players in Asia Pacific TABLE 37 Estimated number of future dependents, by level of dependency TABLE 38 National legislation on aging in countries in the Economic and Social Commission for Asia and the Pacific (ESCAP) region
List of Figures FIG. 1 Market research process FIG. 2 Data triangulation techniques FIG. 3 Primary research pattern FIG. 4 Market research approaches FIG. 5 Value-chain-based sizing & forecasting FIG. 6 QFD modeling for market share assessment FIG. 7 Market formulation & validation FIG. 8 Market outlook FIG. 9 Long term care market segmentation FIG. 10 Market trends & outlook FIG. 11 Market driver relevance analysis (Current & future impact) FIG. 12 Percentage distribution of population aged 65 and over by region: 2015 and 2050 FIG. 13 Proportion of people with Alzheimer's, by age group FIG. 14 Number of people with dementia, by country type, 2013 - 2050 (Million) FIG. 15 Women employment trend in the U.S., 2015 and 2024 FIG. 16 Long term care services providers providing therapeutic services, U.S., 2014 (percentage) FIG. 17 Market restraint relevance analysis (Current & future impact) FIG. 18 Penetration & growth prospect mapping FIG. 19 PORTER'S five forces analysis FIG. 20 PESTLE analysis FIG. 21 Long term care (LTC) service market share analysis, 2018 & 2026 FIG. 22 Long term care (LTC) service market: Segment dashboard FIG. 23 Home healthcare market, 2015 - 2026 (USD Billion) FIG. 24 Hospices market, 2015 - 2026 (USD Billion) FIG. 25 Nursing care market, 2015 - 2026 (USD Billion) FIG. 26 Assisted living facilities market, 2015 - 2026 (USD Billion) FIG. 27 Long Term Care (LTC) regional market share analysis, 2018 & 2026 FIG. 28 Long Term Care (LTC) regional market: Segment dashboard FIG. 29 Regional market snapshot FIG. 30 North America Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 31 U.S. Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 32 Canada Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 33 Europe Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 34 U.K. Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 35 Germany Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 36 France Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 37 Italy Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 38 Spain Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 39 Asia Pacific Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 40 Japan Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 41 China Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 42 India Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 43 Australia Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 44 Latin America Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 45 Brazil Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 46 Mexico Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 47 Argentina Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 48 MEA Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 49 South Africa Long Term Care (LTC) market, 2015 - 2026 (USD Billion) FIG. 50 Strategy framework FIG. 51 Strategy framework / Competition categorization FIG. 52 Company market position analysis (service portfolio, strategic initiatives, geographic presence)
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