France Long-term Care Market Size & Outlook, 2024-2030
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France long-term care market highlights
- The France long-term care market generated a revenue of USD 35,283.7 million in 2023 and is expected to reach USD 58,530.8 million by 2030.
- The France market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, home healthcare 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 35,283.7 million |
| Market revenue in 2030 | USD 58,530.8 million |
| Growth rate | 7.7% (CAGR from 2024 to 2030) |
| Largest segment | Home healthcare |
| 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, France accounted for 3.2% 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 Europe, Germany long-term care market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 22,754.9 million by 2030.
Home healthcare was the largest segment with a revenue share of 30.92% in 2023. Horizon Databook has segmented the France 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.
With growing industrialization, prevalence of noncommunicable diseases has increased in France. Moreover, rising geriatric population is fueling the need for LTC and its financial coverage. According to “World Population Ageing 2019” by the Department of Economic and Social Affairs, United Nations, approximately 13.3 million people are aged 65 and above in France, and the population is expected to reach 16.1 million by 2030.
Moreover, public health insurance in France covers up to 70% of the population, but the benefits are strictly associated with the income & financial assets of an individual. A person below poverty line receives about USD 1,400 per month, while a higher middle-class person receives only a few hundred dollars.
Although there is an increase in homes for elderly dependent people, temporary housing units, and nursing services, few problems prevail in accessing these services. Health services are covered by the insurance system; however, certain remaining costs are to be borne by residents.
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Long-Term Care Market Scope
Long-Term Care Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Diversicare Healthcare Services | View profile | 1001-5000 | Brentwood, Tennessee, United States, North America | http://www.advocatinc.com/ |
| Atria Senior Living | View profile | 10001+ | Louisville, Kentucky, United States, North America | http://atriaseniorliving.com |
| Home Instead | View profile | 501-1000 | Omaha, Nebraska, United States, North America | http://www.homeinstead.com |
| Sonida Senior Living Inc | View profile | 3955 | 14755 Preston Road, Suite 810, Dallas, TX, United States, 75254 | https://www.sonidaseniorliving.com |
| Extendicare Inc | View profile | 22000 | 3000 Steeles Avenue East, Suite 700, Markham, ON, Canada, L3R 4T9 | https://www.extendicare.com |
| Knight Therapeutics Inc | View profile | 725 | 3400 De Maisonneuve West, Suite 1055, Montreal, QC, Canada, H3Z 3B8 | https://www.gud-knight.com |
| Brookdale Senior Living Inc | View profile | 36000 | 111 Westwood Place, Suite 400, Brentwood, TN, United States, 37027 | https://www.brookdale.com |
| Life Healthcare Group Holdings Ltd | View profile | 16960 | 203 Oxford Road, Building 2, Oxford Parks, Corner Eastwood and Oxford Roads, Johannesburg, GT, South Africa, 2196 | https://www.lifehealthcare.co.za |
| Amedisys Inc | View profile | 19000 | 3854 American Way, Suite A, Baton Rouge, LA, United States, 70816 | https://www.amedisys.com |
| Sunrise Medical | View profile | 1001-5000 | Boulder, Colorado, United States, North America | http://www.sunrisemedical.com |
| Genesis Healthcare Inc Class A | View profile | 44000 | 101 East State Street, Kennett Square, PA, United States, 19348 | http://www.genesishcc.com |
France long-term care market size, by payer, 2018-2030 (US$M)
France Long-Term Care Market Outlook Share, 2023 & 2030 (US$M)
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