U.S. Long-term Care Market Size & Outlook, 2023-2030
U.S. long-term care market, 2018-2030 (US$M)
Related Markets
U.S. long-term care market highlights
- The U.S. long-term care market generated a revenue of USD 515,051.1 million in 2023 and is expected to reach USD 779,366.2 million by 2030.
- The U.S. 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.
Long-term care market data book summary
| Market revenue in 2023 | USD 515,051.1 million |
| Market revenue in 2030 | USD 779,366.2 million |
| Growth rate | 6.1% (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, U.S. accounted for 46.2% 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 North America, U.S. long-term care market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 779,366.2 million by 2030.
Nursing care was the largest segment with a revenue share of 35.48% in 2023. Horizon Databook has segmented the U.S. 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.
Service providers are conducting business evaluations and undertaking measures to improve care services. Hospices are developing payment opportunities beyond Medicare fee-for-service, which include private payer contracts, partnerships with providers including hospitals, arrangements with Medicare Shared Savings Plans for Accountable Care Organizations, and evaluation of payment models.
Adopting evidence-based practice guidelines for disease prevention instead of treating acute exacerbation of chronic disease can be one of the changes prompting a shift from treatment to proactive monitoring to avoid hospitalization.
Preference for type of care is influenced by factors such as age, extent of disability, and financial condition. Care services are opted more by patients with cognitive impairments than by patients with physical impairment. Individuals suffering from disorders such as Alzheimer’s disease and depression mostly opt for home healthcare.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Long-Term Care Market Scope
Long-Term Care Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. long term care market size, by service, 2018-2030 (US$M)
U.S. Long-Term Care Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
No records
No related regions found.
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
