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Long-Term Care Market Share 2024 Trends, Key Players, Industry Analysis and Forecast to 2031

08-06-2024 04:20 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Long-Term Care Market

Long-Term Care Market

The global long-term care market is estimated to record a substantial CAGR of 7.2% during the forecast period (2024-2031). Growing burden of chronic diseases, favorable reforms and government initiatives within healthcare, and rise in aging population are among the major factors driving the growth of the long-term care market. Among the patients requiring long-term care, some of the most frequent chronic medical conditions include hypertension, gastroesophageal reflux disease, heartburn, acid/peptic acid disease, diabetes, atrial fibrillation, anemia, arthritis, atherosclerosis, congestive heart failure, constipation, chronic obstructive pulmonary disease, cerebrovascular disease, dementia, depression, diabetes, gastroesophageal reflux disease, heartburn and ulcer disease, hypertension, lipid disorder, osteoporosis, Parkinson's disease, peripheral vascular disease, renal failure, thyroid disorders, and benign prostatic hyperplasia. The prevalence rate of most of these chronic diseases has increased in the last few years, thus, the need for long-term care services is anticipated to grow substantially.

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Further, the world is likely to witness considerable growth in geriatric population, general age-related disabilities, and the elderly patient population suffering from chronic diseases such as heart problems, Alzheimer's, dementia, and mental stress. In addition, hospitalization also proves to be expensive and incurs unnecessary use of resources, which can be utilized by patients in critical conditions. Unnecessary hospitalization often results in higher expenditure and degrades the quality of life. Thus, increasing the demand for long-term care services, across the globe.

Full report of Long-Term Care Market available @ https://www.omrglobal.com/industry-reports/long-term-care-market

Market Coverage

Segment Covered- by Service Type and Point of Care
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
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?
Global Long-Term Care Market Report Segment

By Type

Medical Services
o In-House Therapy

o Skilled Nursing

o Others

Assisted Living Services
By Point of Care

Homecare
Hospitals (Rehabilitation Center)


Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/long-term-care-market

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

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. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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