In 2024, the annual median cost for long-term care in the United States ranged from ****** to ******* U.S. dollars, depending on the type of service. This significant financial burden highlights the importance of planning for future healthcare needs, as many older adults may face substantial out-of-pocket costs for extended care services. Nursing homes and assisted living facilities Nursing homes represent the most expensive long-term care option, with private rooms costing an estimated ****** U.S. dollars per month in 2024. Semi-private rooms are slightly more affordable at ***** U.S. dollars monthly. Assisted living facilities offer a less costly alternative, with annual expenses for a private room averaging ****** U.S. dollars. However, these costs can vary dramatically by location, with states like Hawaii, Alaska, and Washington D.C. commanding the highest prices for assisted living accommodations. Home care services and future projections For those preferring to receive care at home, the hourly rates for long-term home care services in 2024 were ** U.S. dollars for homemaker services and ** U.S. dollars for home health aide services. These costs are expected to rise significantly in the coming decades, with projections suggesting home health aide services could approach *** U.S. dollars per hour by 2060. The increasing expense of long-term care is evident across all service types, with assisted living facilities experiencing a ** percent cost increase from 2023 to 2024, while nursing home rates for semi-private and private rooms rose by * and * percent, respectively.

In 2024, assisted living facilities in the U.S. cost a median of 70,800 U.S. dollars per year, an increase of 10 percent compared to the previous year. Meanwhile, a semi-private room and private room in a nursing home increased 7 and 9 percent respectively compared to last year. Long-term care can be provided in various environments. Assisted living facilities (ALF) are for those who may need assistance with daily living and provide both personal care and health services. Nursing home facilities provide more extensive services than ALFs, including medical care.

On an annual basis (based on individual Long-Term Care (LTC) facility fiscal year end), California licensed LTC facilities report detailed financial data on facility information, ownership information, patient days & discharges, Balance Sheet, Equity Statement, Cash Flows, Income Statement, Revenue by type and payer, Expense Detail, and Labor Detail. Based on the selected data set, the pivot tables display summarized data on a Profile page and also provides charts on various data items such as Patient Days, Revenue & Expense, and Revenue.

Compare average costs across different types of senior care by state.

This dataset contains records of publicly reported data on COVID-19 testing in Ontario long-term care homes. It was collected between April 24, 2020 and March 30, 2023.

Summary data is aggregated to the provincial level. Reports fewer than 5 are indicated with <5 to maintain the privacy of individuals.

Data includes:

• Long-term care home COVID-19 summary data
• Long-term care homes with an active COVID-19 outbreak
• Long-term care homes no longer in a COVID-19 outbreak
• Long-term care home COVID-19 summary data by Public Health Unit (PHU)
• Long-term care home COVID-19 staff vaccination rates

An outbreak is defined as two or more lab-confirmed COVID-19 cases in residents, staff or other visitors in a home, with an epidemiological link, within a 14-day period, where at least one case could have reasonably acquired their infection in the long-term care home. Prior to April 7, 2021, the definition required one or more lab-confirmed COVID-19 cases in a resident or staff in the long-term care home.

Notes

February 21 to March 29, 2023: Data is only available for regular business days (for example, Monday through Friday, except statutory holidays)

March 12 – 13, 2022: Due to technical difficulties, data is not available.

September 8, 2022: The data dated September 6, 2022 represents data collected during the period of September 3, 4 and 5, 2022.

October 6, 2022: The data dated October 5, 2022 represents data collected during the period of October 1, 2, 3 and 4, 2022.

October 13, 2022: Due to technical difficulties, data for the date of October 9 is not available.

October 20, 2022: Due to technical difficulties, data for the dates of October 15, 16 is not available.

November 24, 2022: Due to technical difficulties, data is not available.

The hourly rate of long-term home care services has increased in the United States and is expected to increase further in the future. In 2024, the cost for long-term care in the U.S. was ** U.S. dollars per hour for homemaker services and ** U.S. dollars per hour for home health aide services. By 2030, prices for such services are expected to surpass ** dollars an hour. By 2060, a price of nearly *** dollars per hour was forecasted for home health aide services.

This dataset provides a historical view of proposed long term care, and individual and small group major medical/hospital rate increases starting in January 2005.

Medicaid spent approximately *** billion U.S. dollars on long-term care services in 2023, which was an increase on the previous year. **********, ********, and ********* were the states with the highest long-term care expenditures. States support home- and community-based care Combined spending on nursing care facilities, home health care, and other health care made up roughly one-third of Medicaid’s total costs in 2019. Other health care costs include home- and community-based waiver programs that allow people to receive long-term care at home or in their community. Nearly all states offer the waivers, which can substantially reduce expenditures for Medicaid enrollees who would otherwise have to enter a long-term institutional service, such as a nursing home. In recent decades, the distribution of Medicaid’s long-term care services expenditures has shifted toward home- and community-based care. The costs of in-home care are rising Long-term care expenditures vary depending on the setting, location, and level of care required. In 2020, the annual median cost of long-term care in the United States ranged from ****** U.S. dollars for adult day health care services to ******* U.S. dollars for a private room in a nursing home. In general, the costs of nursing home facilities were considerably higher than those for home care and community living options. However, in-home care reported the highest year-on-year cost increases, and growing demand for the services has led to a rise in spending on home health care over recent years.

National median costs by care type comparing 2024 to 2023

Data tables relating to the number of open Long-Term Care claims at the end of each year. The long-term care scheme gives financial support to Jersey residents needing help with everyday tasks.

The Managed Long-Term Care (MLTC) performance data is an annual evaluation (semi-annual prior to 2022) of New York state-certified MLTC plans. Rates are calculated for each performance measure by plan and describe their population, quality of care, and enrollees’ satisfaction. These data also present the statewide demographic profile of MLTC enrollees and statewide rates of emergency room, hospital, and nursing home utilization. Refer to the Measures document to learn more about specific MLTC measures. In the future, as more evaluations are performed, measures can be trended over time. Refer to the Overview document under the "About" tab for information on the data sources, time frames, and limitations of this dataset.

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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

This survey shows the costs of long-term care providers as perceived by Americans aged 40 years or older, sorted by type of care, as of 2017. The calculated average cost of a nursing home was between ***** and ***** U.S. dollars per month. Some ** percent of respondents overestimated these costs, while ** percent underestimated them.

In the United States, nearly half of surveyed adults said they encountered unexpected costs for things they thought would be included but were added on as extra charges by a long-term care facility. This was among those who, in the past two years, were a resident, or a loved one was a resident of a nursing home, assisted living facility, or other LTC facility.

This dataset tracks the updates made on the dataset "Long-Term Care Calculator: Compare Costs, Types of Service in Your Area" as a repository for previous versions of the data and metadata.

To be used by residents of LTC homes who would like to apply for a reduction in the amount of their basic accommodation fees. This document guides applicants in determining which supporting documents will be required as part of their application. This document is to be used by applicants who have a Notice of Assessment.

Diverse service offerings and strategic consolidation efforts drive revenue growth. Various products cater to different age demographics, with younger buyers under 55 often securing policies early to lock in lower premiums and those between 55 and 65 contributing significantly because of optimal pricing. While adults over 65 have shown growth, high premiums and elevated risks limit their contribution. Through mergers, companies can pool resources, streamline administration and offer competitive premiums, reinforcing market concentration despite the competition from government substitutes like Medicaid. Industry revenue has been growing at a CAGR of 2.4% to a total of $25.6 billion in 2025 when revenue will jump by an estimated 4.0% in 2025 alone. Healthcare costs and consumer awareness are critical for sustaining growth, especially amid increased competition from substitute programs. Rising medical and facility care expenses lead insurers to adjust premiums to maintain revenue, potentially decreasing market demand. As wages for healthcare professionals climb, insurers are challenged to balance affordability with coverage options, mindful of claim denial rates and costs of appeals. Consumer education on the variety of policies available and the pricing implications is essential, as misunderstandings can deter purchases. By enhancing transparency and educating consumers about preventative care's significance, insurers can foster a committed customer base, thereby boosting long-term demand. Technological advancements and diverse policy offerings will drive demand and reduce costs, supporting profit. Larger insurers leverage their size to provide varied products, from hybrid plans to specialized coverage, appealing to consumer preferences. Medical and technological progress, such as AI-driven data analytics, promotes lower health payouts, better risk assessment and pricing precision. Also, advancements in preventive care and wellness programs can mitigate the need for expensive long-term care, reducing claim frequency and cost-balancing the increased duration of claims. These innovations, in concert, enable insurers to maintain competitive pricing, extend market reach and enhance profitability by attracting a broader customer base while managing changes in healthcare costs. Looking forward, industry revenue will climb at a CAGR of 3.1% through 2030 to total $29.8 billion, with profit to climb marginally during the outlook period.

A survey in 2022 found that the majority of U.S. adults aged 50 and over were anxious about affording long-term care costs in retirement, whether institutional care such as nursing homes or assisted living facilities, or home care.

This dataset provides detailed long-term care utilization metrics, including nursing home admission rates, assisted living usage, home health care frequency, and care duration, segmented by age group, year, and region. It is designed to support actuarial analysis, insurance reserve modeling, and healthcare planning for aging populations. The flat structure enables easy integration with business intelligence and actuarial systems.

In 2024, semi-private rooms in a nursing home cost around 16,000 USD less than a private room. The difference between the prices by room type is projected to enlarge as prices grow. It was forecasted that by 2030, the average cost of a semi-private room will be around 133 thousand U.S. dollars, while the average annual cost for a private room will reach around 153 thousand U.S. dollars per year. By 2050, nursing home costs will have more than doubled that of 2024 prices.