Long Term Care Devices Market To Reach $361.7 Billion By 2030

Long Term Care Devices Market Growth & Trends

The global long term care devices market size is expected to reach USD 361.7 billion by 2030, registering a CAGR of 8.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is expected to grow owing to rising demand for elderly care in long-term care facilities; growing number of patients with devices, who need continuous monitoring; increasing prevalence of target diseases, especially Alzheimer’s & dementia; growing awareness; and improving medical coverage for long-term care.

According to data published by the United Nations in 2017, the number of older people above 60 years of age is expected to double by 2050 of what it is in 2017. In 2017, the geriatric population above 60 years of age was estimated to be 962 million globally. Moreover, in August 2018, it was estimated that around 52% of the people turning 65 years are more likely to take some type of long-term care services. In addition, the preference for home care over hospitals has increased. The number of nursing facilities has reduced over the past several years, while the home nursing programs have doubled. This exhibits the increase in utilization of LTC facilities and demand for durable medical equipment.

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Long Term Care Devices Market Report Highlights

• Diagnostic devices dominated the market and accounted for a share of 40.6% in 2024, owing to the rising prevalence of chronic diseases in the elderly, necessitating regular monitoring.

• Home healthcare held the largest share of 35.0% in 2024, aided by the preference among elderly individuals for receiving care in familiar surroundings.

• Mobility assist devices are anticipated to witness rapid growth over the forecast period. The increasing aging population is facing mobility challenges.

• The hospice segment is projected to grow lucratively over the forecast period. Hospice offers specialized care for terminally ill patients, emphasizing comfort and quality of life. Growing awareness of palliative care options and comprehensive family support contribute to this trend, enhancing its attractiveness within the industry.

• North America long term care devices market dominated the global long term care devices market with a revenue share of 42.5% in 2024, driven by a rapidly aging population, which increases the demand for long-term care solutions.

Long Term Care Devices Market Segmentation

Grand View Research has segmented the global long term care devices market on the basis of on type, end-use, and region:

Long Term Care Devices Type Outlook (Revenue, USD Million, 2018 - 2030)

• Therapeutic

  • Home Respiratory Equipment

  • Insulin Delivery

  • Home IV Pumps

  • Home Dialysis Equipment

  • Other Therapeutic Equipment

• Diagnostic

  • Diabetic Care Unit

  • Blood Pressure Monitors

  • Multipara Diagnostic Monitors

  • Home Pregnancy & Fertility Kits

  • Apnea & Sleep Monitors

  • Holter Monitors

  • Heart Rate Meters

  • Other Diagnostic Equipment

• Mobility Assist

  • Wheel Chair

  • Home Medical Furniture

  • Walking Assist Devices

Long Term Care Devices End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Home Healthcare

• Hospice

• Nursing Care

• Assisted Living Facilities

Long Term Care Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Long Term Care Devices Market

• Abbott

• Medtronic Plc

• B. Braun Medical Inc.

• 3M

• Baxter

• F. Hoffmann-La Roche Ltd

• MCKESSON CORPORATION

• Medline Industries, LP.

• Fresenius Medical Care AG

• Cardinal Health

• GF Health Products, Inc.