Press release
Growing Geriatric Population is Propelling the Long Term Care Market
The long-term care market is projected to grow at a CAGR of 7.2% during the forecast period (2024-2031). The market growth is driven by the growing older population in developed countries coupled with the increasing shortage of physicians and caregivers in these regions. The increasing technological advancements, and changes in public policy, behavior, and economics, are additionally contributing to the market growth during the forecast period. The long-term care market is segmented by service type (medical services (in-house therapy, skilled nursing, and others) and assisted living services), by point of care (homecare and hospitals (rehabilitation centers)), and geography (North America, Europe, Asia-Pacific, and the Rest of the World).Get Free Sample link @ https://www.omrglobal.com/request-sample/long-term-care-market
Market Dynamics
North America is anticipated to hold the largest market share during the forecast period, owing to the increasing geriatric population favorable government policies, and the presence of widespread insurance coverage. The presence of major healthcare IT companies is promoting technological advancements in disease diagnosis, treatment, and monitoring, contributing significantly to regional market growth.
According to the American Association for Long-Term Care Insurance, in 2024, 6,878 Policyholders qualified to receive benefit payments (59% Female, 41 % Male Aide (53%), Nursing Home (27%), Assisted Living Facility (29%), and Skilled Nursing/ Home Visit (7%). Claims ranging from $19- $2,647,545, were being paid, till September 2024. The top services utilized were Home Health).
The key players in the long-term care market include Atria Senior Living, Amedisys, Capital Senior Living, Extendicare, Golden Living Centers, Home Instead, LHC Group, Life Care Centers of America, and Sunrise Senior Living, among more. The market players are contributing significantly to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and funding.
Full report of Long Term Care Market available @ https://www.omrglobal.com/industry-reports/long-term-care-market
Recent Developments
· In November 2024, WHO/Europe launched a new toolkit to help countries transform the long-term care system. The resource supports policy-makers at regional, national, and local levels in reshaping Long-Term Care (LTC) systems to be more responsive, inclusive, and sustainable.
· In November 2024, Manulife Financial Corp. entered into a $5.4 billion reinsurance agreement with Reinsurance Group of America including $2.4 billion of LTC reserves. Inclusive of previous LTC reinsurance transactions the company has cumulatively reduced LTC reserves by 18% and LTC morbidity sensitivity by 17%.
· In October 2024, Ministers and health authorities of the American region approved a policy aimed at addressing the growing demand for LTC in the region. The policy ensures sustainable and equitable LTC services and addresses the challenges related to care dependency and its impact on individuals, health systems, and society.
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/inquiry-before-buying/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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Growing Geriatric Population is Propelling the Long Term Care Market here
News-ID: 3818775 • Views: …
More Releases from Orion Market Research

Road Marking Paint Market : A Guide to Understanding the Process
The Road Marking Paint Market, valued at approximately USD 5.02 billion in 2023, is projected to reach around USD 7.69 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.36% from 2024 to 2033.
Road Marking Paint Market Overview
The Road Marking Paint Market is steadily expanding, driven by burgeoning infrastructure investments and the need for improved road safety. Governments and municipalities are increasingly allocating funds toward both new…

Outboard Boat Market Size Analysis, Competitive Insights, Leading Players and Gr …
The Outboard Boats Market, valued at approximately USD 5.74 billion in 2023, is projected to grow to around USD 14 billion by 2033, reflecting a compound annual growth rate (CAGR) of about 9% over the 2024-2033 period.
Outboard Boat Market Overview
The Outboard Boat Market continues to expand robustly, fueled largely by rising demand for recreational boating, favorable economic conditions, and the appeal of leisure marine activities. Innovations in outboard motor technology-including…

Mobile Ticketing Market Size Analysis, Competitive Insights, Leading Players and …
The Mobile Ticketing Market, valued at about USD 2.9 billion in 2023, is anticipated to grow to approximately USD 11.39 billion by 2033, reflecting a robust CAGR of 16.7% from 2024 to 2033.
Mobile Ticketing Market Overview
The Mobile Ticketing Market is undergoing rapid expansion, driven primarily by the global surge in smartphone usage and consumer preference for contactless, digital experiences. This growth is further propelled by widespread adoption of digital payments,…

Metal Alloy Market Size Analysis, Competitive Insights, Leading Players and Grow …
The Metal Alloy Market, valued at approximately USD 301.7 billion in 2023, is projected to reach USD 533.9 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2033.
Metal Alloy Market Overview
The Metal Alloy Market is experiencing steady, long-term expansion, driven by growing demand from key sectors such as automotive, aerospace, construction, and electronics. Applications in next-generation vehicles and aircraft are pushing interest in…
More Releases for Care
Scalable Care Senior Care Marketing Experts
Quality marketing is crucial in the world of senior care, and that's where Scalable Care comes in. As an agency who have team members from within longterm care and assisted living marketing departments, they've been able to standout as an agency with experience and credible backgrounds. How? Using data-led tactics, they have boosted their clients' online visibility and grown engagement with their target audience.
They proudly say their style of marketing…
Care Right There Home Care Continues Prioritizing New Jersey Elderly Care
Care Right There Home Care, a top NJ senior care provider, offers personalized, compassionate care to enrich the lives of the elderly. With a focus on individual needs and meaningful relationships, they provide daily assistance and complex healthcare services to improve seniors' quality of life across New Jersey. Google it at https://carerightthere.com for more information.
New Jersey - Care Right There Home Care, a distinguished provider of senior care services, is…
Transforming Home Care with Care and Beyond Home Care
Montgomery Village, MD - Care and Beyond Home Care is revolutionizing the landscape of home healthcare services, setting a new standard of excellence that goes above and beyond the ordinary. With a steadfast commitment to providing professional and compassionate care, Care and Beyond Home Care has emerged as a beacon of support for families across Montgomery County, Prince Georges County, Howard County, and Frederick County.
In an era where personalized attention…
Ayurvedic Market by Product (Healthcare, Personal Care, Skin Care, Hair Care, Or …
According to a new report published by Allied Market Research, titled, "Ayurvedic Market: Global Opportunity Analysis and Industry Forecast, 2022-2029" Ayurveda is a system of medicine that has its origination roots in the Indian subcontinent. It uses natural healing practices to cure clinical conditions such as sinusitis, cough, depression, and insomnia. Ayurveda therapies have been integrated in general wellness and in some cases in medical use worldwide. In addition, ayurvedic…
Home Care Market Exceptional Business Performance | Polishes, Surface Care, Toil …
Report Ocean released a report that presents a detailed analysis of the Global Home Care Market, along with insights into key factors which drive the market.
The report is a comprehensive and systematic analysis of the market, providing key statistics on market developments, analyst opinions, competitive landscapes, and regional analysis, among other factors. This report presents a comprehensive and expert analysis of key business trends and market forecasts for Global Home…
Baby Care and Mother Care Market - Taking Care of a Newborn
Baby care and mother care products are meant for infants and mostly children under the age of four. These products are specifically formulated to be non-irritating and have mild use ingredients which are selected to make the products organic and natural. A number of key players now manufacture personal care products for mother and child that are designed specifically for use during pregnancy.
Obtain Report Details @ https://www.transparencymarketresearch.com/baby-care-and-mother-care-market.html
The global baby care…