UK Long-term Care Market Size & Outlook, 2023-2030
UK long-term care market, 2018-2030 (US$M)
Related Markets
UK long-term care market highlights
- The UK long-term care market generated a revenue of USD 35,501.1 million in 2023 and is expected to reach USD 50,074.8 million by 2030.
- The UK market is expected to grow at a CAGR of 5% 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 35,501.1 million |
| Market revenue in 2030 | USD 50,074.8 million |
| Growth rate | 5% (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, UK accounted for 3.2% 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 29.68% in 2023. Horizon Databook has segmented the UK 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.
High prevalence of obesity and lifestyle-related diseases affect the quality of life of the elderly and forces them to opt for medical assistance. In 2019, about 12.3 million people in the UK were aged 65 years and over, which is about 19% of the total population in the country. Prevalence of life-limiting conditions, such as Alzheimer’s disease is rising.
For instance, in 2019, as per the Alzheimer’s Society around 1 in 14 of UK population suffers with dementia associated with Alzheimer’s disease. Other conditions & diseases such as heart diseases, osteoporosis, dementia, and cancer necessitate assistance for the elderly to carry out daily activities.
The 2019 mid-year statistics for England by Office for National Statistics (ONS) revealed that there are more women aged 65 years and above than men, which explains around 57.8% of total clients receiving long-term care being female.
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Long-Term Care Market Scope
Long-Term Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK long term care market size, by service, 2018-2030 (US$M)
UK Long-Term Care Market Outlook Share, 2023 & 2030 (US$M)
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