Japan Long-term Care Market Size & Outlook, 2024-2030
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Japan long-term care market highlights
- The Japan long-term care market generated a revenue of USD 42,310.6 million in 2023 and is expected to reach USD 67,474.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.8% 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 42,310.6 million |
| Market revenue in 2030 | USD 67,474.0 million |
| Growth rate | 6.8% (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, Japan accounted for 3.8% 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 Asia Pacific, India long-term care market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 25,329.5 million by 2030.
Home healthcare was the largest segment with a revenue share of 32.96% in 2023. Horizon Databook has segmented the Japan 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.
Japan is the world’s most aged country, with more than 26% of its total population aged 65 years or over. With growing westernization, the percentage of elderly people living with their children has decreased in Japan. Moreover, there is an increasing participation of women in the workforce.
In addition, rising number of nuclear families & working women has resulted in an increased demand for LTC in the country. Long-Term Care Insurance (LTCI) was introduced in April 2000 in Japan and is considered to be one of the most efficient insurance systems in the world. The system is based partially on a tax-funded and insurance-based model.
Every individual has to pay a premium to LTCI from the age of 40 years onwards. This premium is based on income level and residence area. An individual becomes entitled to benefits, including home-based help & nursing facilities, of the insurance at the age of 65.
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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 |
Japan long-term care market size, by service, 2018-2030 (US$M)
Japan Long-Term Care Market Outlook Share, 2023 & 2030 (US$M)
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