The Long Term Care Market Report is Segmented by Service (Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities and More), Payer (Public, Private Insurance, Out-Of-Pocket / Self-Funded and More), Age Group (0-29 Years, 30-64 Years, 65 – 74 Years and More) and Geography (North America, Europe, Asia-Pacific, The Middle East and Africa, and South America). The Market Forecasts are Provided in Terms of Value (USD).

The Long-Term Care Market size was valued at USD 1.18 trillion in 2023 and is projected to reach USD 1.86 trillion by 2032, exhibiting a CAGR of 6.68 % during the forecasts period. Recent developments include: In September 2023, Singapore Life Limited partnered with Agency for Integrated Care (AIC) and Homage to increase accessibility of customers to long term care in Singapore. , In May 2023, Omega Healthcare acquired 18 skilled nursing home facilities in West Virginia for USD 233 million. This expansion expands the capabilities of Omega Healthcare and ensures smooth operations. , In February 2022, Extendicare, a Canadian long-term care company, has finalized a deal to purchase a 15% managed interest in 24 long-term care homes previously operated by Revera. Additionally, Extendicare has formed a redevelopment joint venture with Axium, resulting in a doubling of its assisted living portfolio, now comprising a total of 56 long-term care facilities. .

In 2024, the market value of the global long-term care (LTC) market was forecast to reach ******* billion U.S. dollars, up from an estimated value of ******* billion dollars in 2022. By 2032, the LTC market worldwide is expected to reach nearly *** trillion U.S. dollars.

Overview

New York, NY – Sep 26, 2025 – Global Long Term Care Market size is expected to be worth around USD 2142.4 Billion by 2033 from USD 1120.1 Billion in 2024, growing at a CAGR of 6.7% during the forecast period 2025 to 2033.

The global long-term care (LTC) sector is gaining increasing attention as demographic shifts highlight the need for reliable, sustained health support for older adults. Long-term care refers to a wide range of medical, personal, and social services designed to meet the physical and emotional needs of individuals with chronic illnesses, disabilities, or reduced independence.

The demand for LTC has been expanding steadily, driven by rising life expectancy, the prevalence of age-related conditions, and the growing proportion of elderly populations worldwide. According to international health estimates, by 2050, individuals aged 60 years and above will account for more than 20% of the global population, significantly raising the need for structured care solutions.

Long-term care encompasses nursing homes, assisted living facilities, home health services, and community-based programs. The focus of these services extends beyond medical support, emphasizing dignity, independence, and quality of life for patients. Increasing investments in digital health, remote monitoring, and personalized care models are reshaping the industry to provide more efficient and compassionate solutions.

Governments and private organizations alike are prioritizing policies and initiatives to improve care delivery and affordability. With continued advancements in healthcare infrastructure, the LTC market is positioned for sustainable growth. Long-term care stands as a cornerstone in addressing the challenges of an aging population, ensuring that elderly individuals receive the comprehensive support necessary to lead dignified and secure lives.
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Long-Term Care (Ltc) Market Size 2024-2028

The long-term care (ltc) market size is valued to increase by USD 394.8 billion, at a CAGR of 3.21% from 2023 to 2028. Growing demand for long-term care from aging population will drive the long-term care (ltc) market.

Market Insights

APAC dominated the market and accounted for a 33% growth during the 2024-2028.
By Type - Government segment was valued at USD 1207.00 billion in 2022
By Application - Nursing care and assisted living facilities segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 20.87 billion 
Market Future Opportunities 2023: USD 394.80 billion
CAGR from 2023 to 2028 : 3.21%

Market Summary

The market is experiencing significant growth and transformation, driven by the increasing global population aging at an unprecedented rate. This demographic shift is leading to a surge in demand for LTC services, as older adults require more assistance with daily living activities due to chronic conditions or disabilities. Moreover, the expansion and evolution of various healthcare domains, such as home health care, hospice care, and assisted living facilities, are contributing to the market's growth. However, one of the most pressing challenges facing the LTC industry is the shortage of skilled nursing staff. This labor shortage can lead to operational inefficiencies, increased costs, and compromised patient care. For instance, a large LTC facility in Europe is addressing this challenge by optimizing its supply chain to attract and retain talent. By streamlining its recruitment process, offering competitive wages and benefits, and investing in employee training and development, the facility is able to improve its workforce's morale and retention rates. This, in turn, leads to better operational efficiency, improved patient care, and overall business success. In conclusion, the LTC market is experiencing robust growth due to the aging population and the expansion of healthcare domains. However, the industry faces a significant challenge in the form of a shortage of skilled nursing staff. Innovative solutions, such as supply chain optimization, can help LTC providers overcome this challenge and ensure the delivery of high-quality care to their patients.

What will be the size of the Long-Term Care (Ltc) Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free SampleThe market represents a significant and evolving sector within the healthcare industry, with a growing emphasis on personalized care plans and interdisciplinary services. According to recent research, the global LTC market is projected to witness substantial growth due to demographic trends, increasing prevalence of chronic conditions, and advancements in technology. For instance, the adoption of telehealth and remote patient monitoring technologies has enabled more effective care delivery and improved patient outcomes. Moreover, regulatory compliance remains a critical area of focus for LTC providers, with stringent regulations governing areas such as patient safety, staff development, and quality of care. Performance improvement initiatives, such as medication adherence programs, mobility training, and clinical decision support, are essential components of a comprehensive LTC strategy. One noteworthy trend in the LTC market is the integration of home health services with post-acute care transitions. This approach allows for seamless care coordination between hospital and home settings, reducing readmissions and improving patient satisfaction. In fact, a study revealed that implementing home health integration resulted in a 20% reduction in hospital readmissions. As the LTC landscape continues to evolve, providers must remain agile and adapt to emerging trends and regulatory requirements. By focusing on interoperability standards, predictive analytics models, and patient-centered care, LTC organizations can enhance their offerings and better meet the needs of their clientele.

Unpacking the Long-Term Care (Ltc) Market Landscape

In the market, innovation and compliance are key drivers for business success. Compared to traditional care models, LTC providers utilizing security systems have reported a 25% reduction in incidents, enhancing both resident safety and operational efficiency. Fall prevention programs, integrated with medication management systems, have shown a 30% decrease in medication errors, improving resident outcomes and regulatory compliance. Furthermore, cognitive behavioral therapy and resident assessment tools have led to a 20% increase in resident engagement, resulting in higher ROI through improved satisfaction and retention. Other essential components, such as family caregiver support, patient monitoring devices, and regulatory compliance tracking, ensure continuous alig

Find detailed analysis in Market Research Intellect's Long-Term Care Market Report, estimated at USD 1.1 trillion in 2024 and forecasted to climb to USD 1.9 trillion by 2033, reflecting a CAGR of 7.4%.Stay informed about adoption trends, evolving technologies, and key market participants.

The Long Term Care Software Market Report Segments the Industry Into by Product (Electronic Health Records, E-Prescribing, Clinical Decision Support Systems, and More), by Deployment (Cloud-Based, On-Premise Based), by End-User (Home Healthcare Agencies, Hospice Care Facilities, Nursing Homes and Assisted Living Facilities), and Geography.

United States Long Term Care Software Market was valued at USD 1.09 billion in 2024 and is anticipated to project impressive growth in the forecast period with a CAGR of 10.52% .

South Korea long term care market size reached USD 21.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 33.0 Billion by 2033, exhibiting a growth rate (CAGR) of 4.80% during 2025-2033. The rising number of children with cerebral palsy, down syndrome, and other developmental disorders is primarily augmenting the market growth across the country.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2025-2033​. Our report has categorized the market based on service, gender, and payer.

Global Long-Term Care market size earned around $1123.48 Bn in 2023 and is expected to reach $1971.85 Bn by 2032, with a projected CAGR of 6.45%.

Overview

New York, NY – June 24, 2025 – Global Long-term Care Software Market is expected to reach a value of US$ 12.0 Billion by 2034, growing from US$ 5.3 Billion in 2024, with a compound annual growth rate (CAGR) of 8.5% during the forecast period from 2025 to 2034. In 2024, North America led the market, achieving over 52.0% share with a revenue of US$ 2.8 Billion.

The adoption of Long-term Care (LTC) Software is transforming how senior care providers manage operations, compliance, and resident well-being. Designed specifically for skilled nursing facilities, assisted living communities, and continuing care retirement centers, this software automates administrative tasks, streamlines clinical workflows, and ensures regulatory compliance.

The software integrates electronic health records (EHR), billing, care planning, medication management, and staff scheduling into a unified platform. This digitization helps reduce documentation errors, improve care coordination, and ensure accurate reimbursement under CMS guidelines. With cloud-based access and data analytics capabilities, providers can monitor care quality in real time and make informed decisions.

Growing demand for cost-effective eldercare, increasing regulatory oversight, and a shortage of skilled healthcare workers are accelerating the adoption of LTC software solutions. The Centers for Medicare & Medicaid Services (CMS) has also encouraged digitization in long-term care to enhance patient safety and data transparency.

The global long-term care (LTC) market size is projected to reach USD 2,253.78 billion by 2032, growing at a CAGR of 6.91% by 2032
Report Scope:

The global long-term care software market size reached USD 5.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 13.4 Billion by 2033, exhibiting a growth rate (CAGR) of 9.33% during 2025-2033. The rising adoption of long-term care software in a wide range of medical conditions, increasing reliance on electronic health records (EHRs), and the growing shift towards patient-centric care models are some of the major factors propelling the market.

In 2024, Market Research Intellect valued the Long Term Care Provider Market Report at USD 600 billion, with expectations to reach USD 1 trillion by 2033 at a CAGR of 7.2%.Understand drivers of market demand, strategic innovations, and the role of top competitors.

This statistic displays the size of the long-term care market in the U.S. from 2013 to 2016, and forecasts from 2017 to 2024, by service. In 2016, the long-term care market in the U.S. was estimated to be worth some *** billion U.S. dollars, with hospice services accounting for around ** billion dollars of this total.

The U.S. Long Term Care Software Market size was valued at USD 1.38 billion in 2023 and is projected to reach USD 2.95 billion by 2032, exhibiting a CAGR of 11.49 % during the forecasts period. Long-term care software market in the U. S refers to software solutions applied to manage and optimize the processes in the long-term care institutions, including nursing homes, assisted living facilities, home care services, etc. They are employed for patient care planning, EHRs, appointments, charges, and adherence to the rules and legal codes. Some of these uses include; better co ordination to the patients’ health, coming up with efficient ways of operation and actual positive impacts on the patient. The factors that are driving the market are the demographic factor, which consists of an aging population, need for improved and efficient care solutions, and technological factor that entails development of better technologies. Current trends are the utilization of advanced technologies such as artificial intelligence in the predictive outcome, increasing cases of cloud-based solutions to cater for high traffic, emphasis on improved usability and compatibility with various healthcare platforms.

The Global Long-Term Care Software Market is expected to witness a CAGR of 11-13% by 2027. Growing geriatric population, staffing churn in geriatric care, technological advancements in wearables, and government initiatives in the area are some of the key factors driving the market growth.

The Long-term Care Software Market is estimated to be valued at USD 5.3 billion in 2025 and is projected to reach USD 15.1 billion by 2035, registering a compound annual growth rate (CAGR) of 11.0% over the forecast period.

The global Medical Long-Term Care (LTC) System market is booming, projected to reach $1241.5 million in 2025 with a 5% CAGR. Discover key drivers, trends, and regional analysis in this comprehensive market report, covering leading companies like Epic Systems and Cerner. Learn about the impact of aging populations and technological advancements on this rapidly growing sector.

The Long-term Care (LTC) market is projected to be valued at $1.5 trillion in 2024, driven by factors such as increasing consumer awareness and the rising prevalence of industry-specific trends. The market is expected to grow at a CAGR of 7.5%, reaching approximately $3.2 trillion by 2034.