Long-term Care Market: Introduction
·Long-term care encompasses a range of care levels or settings such as adult day care, nursing home, hospices, and home health care. Various factors and aspects have shaped the demand dynamic in the global long-term care market. Broadly, health and functional status of individuals has played a key role in deciding the options they think are useful. This aside, the availability of resources is the key aspect defining their choices. Prominently, long-term care needs have been in large demand among the geriatric population, and services have become common in developed countries. In many cases, new demands have emerged in the long-term care market due to transitions in care settings and needs, thereby defining the preferences of target populations. Therefore, the market has evolved broadly on the back of expanding array of options that take into account of financing and coordination of care.
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Key Drivers, Restrains, and Opportunities of Global Long-term Care Market
·The report offers a granular assessment of all possible factors that will have an impact on the growth trajectories of the global long-term care market. Various assessments offer investors and stakeholders insight on imminent investment avenues in different settings of long-term care. The study presents a careful scrutiny of the key factors affecting the transition of care and evaluates their role in the evolving landscape using well-established statistical tools.
·A large proportion of people entering the target population for long-term care services are either ill, disabled, or elderly. Hence, rapidly aging population is a key factor driving demand for long-term care. Increase in population with chronic conditions or illnesses also propels the demand for long-term care. Rise in number of individuals with hypertension, osteoporosis, osteoarthritis, and type 2 diabetes in developed nations have spurred the demand for adult day care.
·Governments in various developing and developed countries are adopting policies that aim to prolong the productive lifespan of the geriatric population. This has lent significant momentum to the growth of the global long-term care market. In the past few years, nursing homes have witnessed high preference among people who demand mental health and counseling services.
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Long-term Care Market: Segmentation
·In terms of service type, the global long-term care market can be classified into home health care, hospice, nursing care, assisted living facilities, and other services
·Based on payer type, the global long-term care market can be divided into public, private, and out-of-pocket
North America to Capture Major Share of Global Long-term Care Market
·The report offers a critical assessment of the prevailing regulatory landscape in key markets. The study offers insights into the current size of prominent regional markets and drivers for future avenues. In terms of region, North America presents significant opportunities to providers of long-term care services, especially in the U.S. Governments in key regional markets also support the penetration of long-term care services by framing favorable policies such as national social insurance programs in the U.S. Meanwhile, Asia Pacific has also seen lucrative avenues in the past few years.
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Key Players Operating in Global Long-term Care Market
The global long-term care market is highly consolidated due to the presence of small number of key players. Growth strategies adopted by leading players are likely to drive the global long-term care market.
Major players operating in the global long-term care market are:
·Atria Senior Living Group
·Brookdale Senior Living, Inc.
·Capital Senior Living
·Diversicare Healthcare Services, Inc.
·Genesis Healthcare Corp.
·Home Instead Senior Care, Inc.
·Kindred Healthcare, Inc.
·Senior Care Centers of America
·Other Prominent Players
Global Long-term Care Market: Research Scope
Global Long-term Care Market, by Service Type
·Home Health Care
·Assisted Living Facilities
Global Long-term Care Market, by Payer Type
Global Long-term Care Market, by Region
oRest of Europe
oAustralia & New Zealand
oRest of Asia Pacific
oRest of Latin America
·Middle East & Africa
oRest of Middle East & Africa
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