North America Long-term Care Market Size & Outlook
North America long-term care market, 2018-2030 (US$M)
Related Markets
North America long-term care market highlights
- The North America long-term care market generated a revenue of USD 544,174.2 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, nursing care was the largest revenue generating service in 2023.
- Hospice is the most lucrative service segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 544,174.2 million |
| Market revenue in 2030 | USD 821,242.7 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Nursing care |
| 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 |
Other key industry trends
- In terms of revenue, North America region accounted for 48.9% of the global long-term care market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 131,431.8 million by 2030.
Nursing care was the largest segment with a revenue share of 35.77% in 2023. Horizon Databook has segmented the North America 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.
North America accounted for the largest share in the long-term care market. Large geriatric population in this region as well as sophisticated healthcare infrastructure and relatively high disposable incomes are some of the key drivers of this market.
Furthermore, as per the Public Health Agency of Canada, approximately 44% of the adult population in Canada suffers from one in ten most common chronic disorders and approximately 73% of the senior citizens in Canada are suffering from some kind of chronic disorder.
Among these, hypertension is most prevalent. Around 65.5% of the Canadian population aged over 65 years are suffering from hypertension with around 52.2% people being aged 65 years and above.
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Long-Term Care Market Scope
Long-Term Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America long term care market size, by country, 2018-2030 (US$M)
North America Long-Term Care Market Outlook Share, 2023 & 2030 (US$M)
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