Press release
Asia-Pacific Long-Term Care Market Size, Industry Trends, Share and Forecast 2021-2027
The Asia-Pacific long-term care market is estimated to witness a strong CAGR of 7.8% during the forecast period (2020-2026). The growth can be attributed to the rising geriatric population, favorable initiatives for the adoption of remote health, low physician-patient ratio, and high internet penetration. Additionally, the increased spending on healthcare IT, rising prevalence of chronic diseases, shift towards digital/mHealth, and increasing funding for long-term care are the additional factors that are driving the long-term care market in the Asia-Pacific. A shortage of healthcare professionals, especially in rural areas of many countries, is a key opportunity for the growth of long-term care market in this region. The number of physicians per 1,000 population varies widely across APAC countries. According to the WHO (World Health Organization), Southeast Asia has fewer physicians on average with around 0.6 for every 1,000 people, compared to developed economies such as Germany, with an average of 3.7 physicians per 1,000 population.To Request a Sample of our Report on Asia-Pacific Long-Term Care Market: https://www.omrglobal.com/request-sample/asia-pacific-long-term-care-market
Further, the Asia-Pacific is witnessing a continuous rise in the prevalence of various chronic conditions and a shortage of healthcare professionals. Long-term care is expected to deliver quality care to patients in limited-resource areas. Further, owing to advancements in mobile technology and improvement in telecommunication networks, healthcare providers can use long-term care by integrating existing healthcare infrastructure with IT.
In 2019, the Asia-Pacific was estimated to have around 549 million people aged 60 years or over, which represents around 57% of the global elderly population. The percentage is projected to increase to 61% by 2050. Such a rapidly growing aging population is at a higher risk of developing various chronic diseases; therefore, it needs new ways of treatments to increase access to care and reduce the cost of treatment with improved patient outcomes. Thus, due to such factors, the market for long-term care in Asia-Pacific is set to grow exponentially.
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Market Coverage
Market number available for – 2020-2027
Base year- 2020
Forecast period- 2021-2027
Segment Covered- by Service Type and Point of Care
Countries Covered- China, India, Japan, South Korea, and Rest of Asia-Pacific
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Asia-Pacific Long-Term Care Market Report Segment
By Type
Medical Services
In-House Therapy
Skilled Nursing
Others
Assisted Living Services
By Point of Care
Homecare
Hospitals (Rehabilitation Center)
Asia-Pacific Long-Term Care Market Report Segment
China
Japan
India
South Korea
Rest of Asia-Pacific
Company Profiles
Atria Senior Living, Inc.
Abri Health Care Services LLC
Amedisys, Inc.
Brookdale Senior Living Inc.
Capital Senior Living Corp.
Diversicare Healthcare Services Inc.
Extendicare Inc.
Genesis Healthcare LLC
Golden Living Centers
Home Instead, Inc.
Kindred Healthcare, LLC
LHC Group, Inc.
Lincare Holdings Inc.
Life Care Centers of America, Inc.
Promedica Health System, Inc.
Sunrise Senior Living, LLC
Savaseniorcare Administrative Services LLC
Signature Healthcare
The Ensign Group, Inc.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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