Long term care market accounted for US$ 986.45 billion in 2020 and is estimated to be US$ 2000.67 billion by 2030 and is anticipated to register a CAGR of 7.4%. Governments in various developing and developed nations are adopting policies that aim to prolong the productive lifespan of aging populations. This has imparted a significant momentum to the expansion of the long-term care market. Over the past few years, nursing homes are seeing growth in people who demand mental health and counseling services. According to the American Association of Long Term Care Insurance, more than 8 million U.S. citizens have long term care insurance. Employers are taking initiatives to provide long term care services to their employees. For instance, Medtronic sponsors a group LTC insurance plan for its employees.
To know the upcoming trends and insights prevalent in this market, click the link below:
https://www.prophecymarketinsights.com/market_insight/Global-Long-Term-Care-Market-4499
Competitive Landscape:
The prominent player operating in the global long term care market includes Brookdale Senior Living, Inc.; Sunrise Carlisle, LP; Atria Senior Living Group; Extendicare, Inc.; Capital Senior Living; Diversicare Healthcare Services Inc.; Kindred Healthcare, Inc.; Genesis Healthcare Corp.; Senior Care Centers of America; Home Instead Senior Care, Inc., and Amedisys, Inc..
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