How big is the Global Long Term Care Market?

The Global Long Term Care Market size is expected to reach USD 1.20 trillion in 2024 and grow at a CAGR of 6.10% to reach USD 1.60 trillion by 2029. Read More

What is the current Global Long Term Care Market size?

In 2024, the Global Long Term Care Market size is expected to reach USD 1.20 trillion. Read More

Who are the key players in Global Long Term Care Market?

Brookdale Senior Living, Inc., Extendicare, Inc., Sunrise Senior Living, Atria Senior Living, Inc. and Sonida Senior Living are the major companies operating in the Global Long Term Care Market. Read More

Which is the fastest growing region in Global Long Term Care Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Global Long Term Care Market?

In 2024, the North America accounts for the largest market share in Global Long Term Care Market. Read More

What years does this Global Long Term Care Market cover, and what was the market size in 2023?

In 2023, the Global Long Term Care Market size was estimated at USD 1.13 trillion. The report covers the Global Long Term Care Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Long Term Care Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What government regulations are impacting the Long-term Care Industry?

The government regulations that are impacting the Long-term Care Industry are a) Compliance requirements b) Potential reimbursement changes c) Quality of care standards Read More

Global Long Term Care Market Share

Statistics for the 2023 & 2024 Global Long Term Care market share, created by Mordor Intelligence™ Industry Reports. Global Long Term Care share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Global Long Term Care Industry

Market Dominance: Global Players Lead Consolidated Market

The Global Long Term Care Market is dominated by a few key players, with companies such as Korian, Orpea Group, and Bupa Finance PLC holding significant market shares across multiple countries. These large operators benefit from economies of scale, enabling them to offer comprehensive services and maintain a strong presence. The market's consolidation has been driven by mergers, acquisitions, and strategic partnerships, which provide these companies with the resources needed to expand their global reach and diversify their service offerings.

Top Players: Scale and Diversification Drive Leadership

Korian, Orpea Group, and Bupa Finance PLC lead the market with global revenues exceeding USD 5 billion. Their diversified portfolios, which include nursing homes, assisted living facilities, and home care services, enable them to address a broad range of patient needs. These companies have the financial strength to invest in cutting-edge technologies and expand their services. As market leaders, they continue to shape the long-term care landscape by responding to changing patient preferences and adopting innovative care models.

Strategies for Future Success: Innovation and Expansion

To remain competitive, market players must continue to innovate and expand. Investing in telemedicine, remote monitoring, and data analytics will enhance care quality and operational efficiency. Expanding into emerging markets and developing specialized care services for conditions like dementia present key growth opportunities. Partnerships with healthcare providers and government agencies can open access to new patient populations, while focusing on workforce development will be critical for addressing the global shortage of skilled caregivers. Providers that prioritize person-centered care and home-based services are well-positioned to capture growing market segments.