Market revenue in 2023 | USD 59,906.7 million |
Market revenue in 2030 | USD 100,806.6 million |
Growth rate | 7.7% (CAGR from 2023 to 2030) |
Largest segment | Home healthcare |
Fastest growing segment | Hospice |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 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 |
Home healthcare was the largest segment with a revenue share of 31.26% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Long-term care is a relatively new concept in the Middle East countries. Cultural norms in most of these countries define that children are responsible for taking care of their old parents, which makes people reluctant to opt for formal care. Increasing awareness about formal care is expected to propel the use of LTC facilities.
Initiatives such as Long-Term Care Facilities Conference, which was held in Dubai in June 2016, help in raising awareness, providing information about LTC, and reducing the stigma attached to it. The average enrollment rates in Middle East for public financing are higher in Kuwait and Qatar, and ranges from 9% to 17% in Middle East. In UAE, public & private partnership accounts for 14.8% LTC facilities.
Mergers & acquisitions in the region are expected to drive the market. For instance, in March 2021, Amanat Holdings, a Dubai-based healthcare firm, acquired Cambridge Medical and Rehabilitation Center, a long term care firm based in UAE.
No credit card required*
Name | Profile | # Employees | HQ | Website |
---|
No related regions found.
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account