NEW YORK , Nov. 8, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global long-term care (LTC) market size is estimated to grow by USD 394.8 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of over 3.21% during the forecast period. Growing demand for long-term care from aging population is driving market growth, with a trend towards expansion and growth of several healthcare domain.
However, lack of skilled nursing staff for long-term care poses a challenge.Key market players include Abri Health Care Services LLC, Amedisys Inc., Brookdale Senior Living Inc.
, CareOne Management LLC, Diversicare Healthcare Services Inc., Extendicare Canada Inc, FCP Live In, Genesis Healthcare Inc., Honor Technology Inc.
, Illumifin Corp., Kindred Health Holdings LLC, Life Care Centers of America Inc., Revera Inc.
, SeniorLiving.org, Sonida Senior Living Inc., Sunrise Senior Living LLC, and Wickshire Senior Living.
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver The Long-Term Care (LTC) market is experiencing significant growth due to the increasing chronic diseases prevalence among the geriatric population. Chronic illnesses such as osteoporosis, hypertension, diabetes, cancer, Alzheimer's, and dementia affect a large portion of the older population, leading to a high demand for LTC services.
Home healthcare, nursing homes, assisted .
