Nursing Homes and Long-Term Care Facilities Market Size to Surge to USD 1,027.47 Billion by 2035 Driven by Aging Population and Rising Demand for Care Services

According to Precedence Research, the global nursing homes and long-term care facilities market size will grow from USD 532.18 billion in 2025 to nearly USD 1,027.47 billion by 2035, expanding at a CAGR of 6.80% from 2026 to 2035. This surge is largely driven by the rapidly aging global population and the increasing demand for long-term care services to meet the needs of elderly individuals requiring constant medical supervision and support.

The nursing homes and long-term care facilities market has witnessed consistent growth, largely driven by the rapidly expanding elderly population and the global rise in chronic diseases. According to the Organization for Economic Co-operation and Development (OECD), over 242 million people in OECD countries were aged 65+ in 2021. This demographic shift is putting increasing pressure on countries to provide adequate long-term care solutions. Facilities offering round-the-clock care, rehabilitation, and assistance with daily living activities are in high demand.

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Artificial Intelligence's Impact on Nursing Homes

AI is playing a pivotal role in transforming the nursing homes and long-term care facilities sector. Predictive analytics enabled by AI is allowing providers to detect early health declines, making it easier to manage patient conditions before they worsen. AI-powered systems also help optimize staff schedules and reduce workload, addressing the persistent workforce shortages in the industry.

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Nursing Homes and Long-Term Care Facilities Market Key Growth Drivers

🔹 Aging Population: The global aging population is the primary catalyst for market growth, with significant increases in the number of elderly individuals requiring long-term care.

🔹 Chronic Diseases: A growing prevalence of chronic diseases, such as cardiovascular conditions and diabetes, necessitates long-term care services.

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Nursing Homes and Long-Term Care Facilities Market Opportunities

Government Support: Increased government investment in elderly care infrastructure and funding initiatives provide significant opportunities for market expansion, particularly in regions with rapidly aging populations.

Nursing Homes and Long-Term Care Facilities Market Trends

🔹 AI and Robotics Integration: Artificial intelligence (AI) is revolutionizing elderly care services by enabling predictive analytics, enhancing staff scheduling, and optimizing caregiver workloads. Robotics is also playing a significant role in assisting with mobility, medication delivery, and routine caregiving.

🔹 Post-Acute and Rehabilitation Services: Rising hospital discharges are increasing the demand for skilled nursing and transitional care facilities, further fueling the market.

🔹 Memory Care Units: As dementia and Alzheimer's cases rise, the demand for specialized memory care units is accelerating. These units offer targeted services for elderly patients suffering from cognitive impairments.

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Nursing Homes and Long-Term Care Facilities Market Regional Analysis

North America held the largest share of 40% in 2025 due to advanced healthcare infrastructure, high life expectancy, and strong demand for long-term and post-acute care services. The region continues to benefit from technology-driven and patient-centric care models.

Europe accounted for 30% of the market, supported by an aging population and well-established care systems. Countries like Germany are driving growth through structured insurance frameworks and expanded elderly care services.

Asia Pacific held a 20% share and is expected to grow at the fastest CAGR of 8.5%. This growth is fueled by rising aging populations, declining family caregiving systems, and increasing government investments in elder care infrastructure, especially in countries like Japan.

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Nursing Homes and Long-Term Care Facilities Market Segment Analysis

🔹 Facility Type Analysis

In 2025, nursing homes held the largest share at 35%, driven by the rising elderly population requiring continuous medical supervision. These facilities play a crucial role in managing long-term and high-dependency cases, reducing the burden on hospitals. Growth is further supported by the expansion of specialized units such as memory care and high-dependency care.

Assisted living facilities accounted for 25% of the market and are expected to grow at the fastest CAGR of 7.5%. Their popularity stems from offering a balance between independence and medical support, making them ideal for aging individuals with moderate care needs. Urbanization and improved residential infrastructure are also boosting adoption.

Continuing care retirement communities (CCRCs) held a 20% share, driven by demand for integrated, long-term care solutions that minimize relocation. Skilled nursing facilities (SNFs), also at 20%, are growing steadily due to increased demand for post-hospital recovery and rehabilitation services, particularly after surgeries and chronic illness treatment.

🔹 Service Type Analysis

The long-term care segment dominated with a 45% share in 2025, fueled by the increasing burden of chronic diseases and aging-related conditions. These services provide continuous care, medication management, and support for daily living, making them essential for dependent populations.

Short-term rehabilitation held a 20% share and is projected to grow at a 7.5% CAGR, driven by increasing surgical procedures and the need to reduce hospital readmissions. Hospice and palliative care also accounted for 20%, supported by growing awareness of end-of-life care and the need for quality-of-life-focused treatment.

Memory care services represented 15% of the market and are expected to grow at the fastest pace (8.2% CAGR), due to the rising prevalence of Alzheimer's disease and other cognitive disorders among the elderly population.

🔹 Ownership Analysis

The private segment dominated with a 50% share in 2025, driven by strong investments in advanced infrastructure, premium services, and technology-driven care solutions. Increasing private capital inflow is expected to sustain growth.

Public facilities held a 30% share, supported by government funding and programs aimed at affordable care. The non-profit segment, accounting for 20%, plays a key role in delivering community-based and cost-effective services, particularly in developed regions.

🔹 Payer Insights

Public insurance dominated with a 45% share, supported by extensive government-backed healthcare programs for elderly populations and increased healthcare spending.

Private insurance accounted for 30% and is expected to grow at a strong 7.5% CAGR, driven by demand for specialized long-term care coverage. Out-of-pocket payments made up 25%, particularly in regions with limited insurance coverage, where families directly bear care expenses.

Nursing Homes and Long-Term Care Facilities Market Key Players

➢ Amedisys, Inc.
➢ Brookdale Senior Living Inc.
➢ Care UK Ltd.
➢ Colisée Group
➢ Diversicare Healthcare Services, Inc.
➢ Ensign Group, Inc.
➢ Extendicare Inc.
➢ Genesis HealthCare, Inc.
➢ Golden LivingCenters
➢ Kindred Healthcare LLC
➢ Korian Group
➢ LHC Group, Inc.
➢ Orpea Group
➢ Sienna Senior Living Inc.
➢ Sunrise Senior Living, LLC

Latest Industry Updates

⚡ In March 2026, Geri Care opened its 12th Skilled Nursing Facility in India, expanding its reach to meet the increasing demand from the elderly population.

⚡ TPG's acquisition of One Aged Care and its subsequent integration of ECON Healthcare and Orange Valley Nursing Homes is set to enhance the quality of senior care services across Singapore and Malaysia.

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Segments Covered in the Report

🔸 By Facility Type

Nursing Homes
Assisted Living Facilities
Continuing Care Retirement Communities (CCRCs)
Skilled Nursing Facilities (SNFs)

🔸 By Service Type

Long-term Care
Short-term Rehabilitation
Hospice & Palliative Care
Memory Care (Alzheimer's & Dementia Care)

🔸 By Ownership

Publi
Private
Non-profit

🔸 By Payer

Public Insurance
Private Insurance
Out-of-Pocket

🔸 By Region

North America
Latin America
Europe
Asia-pacific
Middle and East Africa

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