Europe Long-term Care Market Size & Outlook, 2023-2030

Home healthcare was the largest segment with a revenue share of 29.48% in 2023. Horizon Databook has segmented the Europe 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.

Increasing long-term care cost is a burden to social care and health systems in many countries. The cost of supporting geriatric population with everyday functions, such as hygiene, medications, and eating, constitutes a large proportion of public budgets. Low pay, coupled with challenging working conditions, leads to high turnover in worker class.

This, in turn, creates difficulties in attracting highly qualified and motivated care staff. The rise in the aging population in the region is expected to drive the market during the forecast period. For instance, according to the 2021 Long-term care report, the potential individual requiring long-term care in the EU is anticipated to reach 38.1 million in 2050 from 30.8 million in 2019 owing to the aging population.

With the aging population, the mental and physical disability prevalence increases which lead to dependency on aid for instrumental and/or activities for daily living. This will lead to the growth of the market during the forecast period. Moreover, the rising longevity of the EU population along with the changing family dynamics is expected to increase the need for long-term care services in Europe.