Germany Long-term Care Market Size & Outlook, 2024-2030
Related Markets
Germany long-term care market highlights
- The Germany long-term care market generated a revenue of USD 61,178.6 million in 2023 and is expected to reach USD 93,761.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.5% 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 61,178.6 million |
| Market revenue in 2030 | USD 93,761.1 million |
| Growth rate | 6.5% (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, Germany accounted for 5.5% 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 32.14% in 2023. Horizon Databook has segmented the Germany 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.
The LTC market in Germany is well organized and is expected to grow at a considerable rate during the forecast period. Almost 22% of the population in the country is aged 65 years & over, and ~12,000 LTC facilities are present in the country to accommodate the cohort.
According to the “World Population Ageing 2019” by the Department of Economic and Social Affairs, United Nations, around 18.01 million people are aged 65 and above in Germany, and is expected to reach 21.88 million people by 2030.
LTC services are fairly defined in Germany. Due to growing life expectancy & low birth rate, the burden of providing care with limited resources resulted in the formation of various LTC systems in Germany. Long term care market in Germany is mainly focused on the private long term health insurance market including 48 health insurers operating in the country.
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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 |
Germany long-term care market size, by service, 2018-2030 (US$M)
Germany Long-Term Care Market Outlook Share, 2023 & 2030 (US$M)
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