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Long Term Care Market forecasts on regional growth, industry players and more

Long Term Care Market Size by Service Type (Home Healthcare Services, Community Based Services {Adult Day Care, Continuing Care Retirement Communities

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Long Term Care Market forecasts on regional growth, industry players and more

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  1. Cognizance into Long Term Care Market and it’s growth prospects Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Long Term Care Market : • Augmenting geriatric population and advancing medical technology have offered prolific growth opportunities to long term care market players. Long term care involves a multitude of services developed to cater to people’s care needs during a short or long period of time. Prevalence of several diseases, such as Alzheimer's, dementia, etc., will provide a considerable push to the growth of long-term care industry. • According to a comprehensive report by Global Market Insights, Inc., long-term care market size is expected to exceed USD 1,500 billion by 2026. • Facility-based long term care services help the elderly population with nursing homes and assisted or independent living facilities. Geriatric people needing specialized treatment are provided these services for an extended time period..

  3. Continued... • Several old people suffering from trauma, infectious disease, and brain injury are likely to influence long term care industry trends. On that note, facility-based long term care services segment is expected to grow at a 6.5% CAGR over 2020-2026. • Based on the age group segment, long term care market is segmented into 65-74 years, 75-84 years, and 85 & older. Among these, in 2019, 75-84 years segment accounted for around 35% of the overall long-term care industry share. Elderly population is becoming rather cognizant about long term care services. People falling between the age group of 75-84 years and afflicted with Alzheimer's, dementia, and other associated diseases are being benefitted from these services. People falling within the age bracket of more than 74 years are more susceptible to chronic disorders and disabilities caused due to a weak immune system, which will intensify the requirement for long term care centers & services.

  4. Continued... • Amplifying prevalence of Alzheimer’s, dementia and other associated disorders in the U.S. is likely to upsurge growth graph of long term care market in the region. North America houses a plethora of long term care service providers. Also, the U.S., being a developed nation, boasts of the development of advanced technologies. U.S. long term care industry is expected to register a CAGR of around 5% over 2020-2026. • Increasing incidences of chronic diseases and growing need for long term care services have stimulated various business players to gain success in long term care market. The companies are outlaying huge amounts to expand their business and increase RoI. For example, in April 2017, the senior living community segment of Brookdale Senior Living, Inc., invested around $5 million for adding more assisted living apartments. This consists of 32 apartments for people suffering from Alzheimer’s and dementia. The investment was made to offer seniors a better service, care, and living accommodations.

  5. Continued... • A few more notable long term care behemoths are Sunrise Senior Living, Brookdale Senior Living Solutions, Senior Care Centers, and EXTENDICARE among others.

  6. Browse Full Market Research Report On Long Term Care Market @ https://bit.ly/3cEeS0B Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/3895

  7. Stay In Touch Website: www.gminsights.com Social Media:

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