U.S. Long Term Care Market - Expected to Reach $549.7 Billion by 2024

U.S. Long Term Care Market - Expected to Reach $549.7 Billion by 2024

PR Newswire

DUBLIN, Dec. 7, 2017

DUBLIN, Dec. 7, 2017 /PRNewswire/ --

The "U.S. Long Term Care Market Analysis by Service (Home Healthcare, Hospices, Nursing Care, Assisted Living Facilities), Competitive Landscape and Segment Forecasts, 2013 - 2024" report has been added to Research and Markets' offering.

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The U.S. long term care (LTC) market is expected to reach USD 549.7 billion by 2024, based on this new report. Rising incidence of chronic disorders in the U.S. due to aging population and unhealthy lifestyle is likely to increase the burden on LTC settings over the coming years. Rising prevalence of dementia, Alzheimer's, heart disorders, respiratory diseases, and mental disorders has contributed to the growth of the LTC market.

According to Vincent & Velkoff, 2010, the number of Americans above 65 years is likely to increase to more than double from 40.2 million in 2010 to 88.5 million in 2050. The cohort aged 85 and above (oldest old) is expected to triple, from 6.3 million in 2015 to 17.9 million in 2050, accounting for 4.5% of the total population. This demographic tends to have the highest disability rate & has maximum need for long-term care services and is likely to propel the market growth.

Technological developments in the long-term care industry are responsible for expanding the market in the U.S. In order to enhance the quality of life, LTC facilities, such as hospices, have started installing wireless video-conferencing devices. These devices enable patients to access the internet from their rooms and facilitate easy communication with their friends & family members. These computer-based technologies have helped enhance communication between hospice nurses & caregivers and enabled them to make decisions and provide real-time solutions or coaching tips.

Further Key Findings From The Study Suggest:

Companies Mentioned

Key Topics Covered:

Chapter 1 Research Methodology

Chapter 2 Executive Summary

Chapter 3 Market Snapshot

Chapter 4 U.S. Long-Term Care Market Variables, Trends & Scope

Chapter 5 U.S. Long-Term Care Market: Service Estimates & Trend Analysis

Chapter 6 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/l8mjtb/u_s_long_term

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