Spain Long-term Care Market Size & Outlook, 2023-2030
Spain long-term care market, 2018-2030 (US$M)
Related Markets
Spain long-term care market highlights
- The Spain long-term care market generated a revenue of USD 8,374.4 million in 2023 and is expected to reach USD 12,277.1 million by 2030.
- The Spain market is expected to grow at a CAGR of 5.6% 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.
Long-term care market data book summary
| Market revenue in 2023 | USD 8,374.4 million |
| Market revenue in 2030 | USD 12,277.1 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Nursing care |
| 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, Spain accounted for 0.8% 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 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.
Nursing care was the largest segment with a revenue share of 29.37% in 2023. Horizon Databook has segmented the Spain 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.
Dependent geriatric population is rapidly growing in Spain. However, only 6% of households in the country receive any form of formal care for the elderly. In January 2007, the System for Autonomy and Care for Dependency (SAAD) was introduced, which is promulgated with Dependency Act and promotes help for dependent individuals.
It includes various services and financial assistance, including teleassistance, residential care, and home care. Cash benefits are provided for personal assistance, allowances pertaining to the purchase of the service, and informal care.
This was anticipated to benefit about 3% of the population in the short term and serve as a foundation for a long-term strategy. The level of dependency has been categorized into—severe dependency, moderate dependency, and mild dependency.
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Long-Term Care Market Scope
Long-Term Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain long term care market size, by service, 2018-2030 (US$M)
Spain Long-Term Care Market Outlook Share, 2023 & 2030 (US$M)
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