Argentina Long-term Care Market Size & Outlook, 2023-2030
Argentina long-term care market, 2018-2030 (US$M)
Related Markets
Argentina long-term care market highlights
- The Argentina long-term care market generated a revenue of USD 10,304.0 million in 2023 and is expected to reach USD 17,305.5 million by 2030.
- The Argentina market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, nursing care was the largest revenue generating service in 2023.
- Hospice is the most lucrative service segment registering the fastest growth during the forecast period.
Long-term care market data book summary
| Market revenue in 2023 | USD 10,304.0 million |
| Market revenue in 2030 | USD 17,305.5 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Nursing care |
| Fastest growing segment | Hospice |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities |
| Key market players worldwide | Brookdale Senior Living Inc, Knight Therapeutics Inc, Life Healthcare Group Holdings Ltd, Sunrise Medical, Extendicare Inc, Sonida Senior Living Inc, Genesis Healthcare Inc Class A, Amedisys Inc, Home Instead, Diversicare Healthcare Services, Atria Senior Living |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.9% of the global long-term care market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil long-term care market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 37,421.2 million by 2030.
Nursing care was the largest segment with a revenue share of 31.05% in 2023. Horizon Databook has segmented the Argentina long-term care market based on home healthcare, hospice, nursing care, assisted living facilities covering the revenue growth of each sub-segment from 2018 to 2030.
An increase in the geriatric population is an important factor for market growth in the country. For instance, the World Population Ageing 2019 report estimated the number of individuals above the age of 65 years will reach 6,249,000 by 2030 in Argentina.
However, the country is facing a shortage of healthcare workers amid the pandemic, with most employees working for more than 12 hours. Apart from meeting the shortage of workforce, fulfilling financial requirements amid the country’s inflation is a major factor requiring them to work for more hours.
The standard for the financial model on the basis of social insurance is served by the National Institute of Social Services for Retirees and Pensioners (INSSJP) termed PAMI, in Argentina. In 2019, it covered around 4.9 million and above accounting for 88% of the population in Argentina aged 60 years and above.
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Long-Term Care Market Scope
Long-Term Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina long term care market size, by service, 2018-2030 (US$M)
Argentina Long-Term Care Market Outlook Share, 2023 & 2030 (US$M)
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