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).

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.

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.

The U.S. Long term Care Market size was valued at USD 517.0 billion in 2023 and is projected to reach USD 779.95 billion by 2032, exhibiting a CAGR of 6.05 % during the forecasts period. The offering of services and support options provided to the citizens of the U. S. whom need help in the course of their daily activities for an elongated amount of time is best described as the long-term care market. These services are usually administered in many different places which include nursing care homes, assisted living facilities, and in home care services. Some of the uses include housing of the elderly persons, persons with disability, and patients who require medical and non medical care after illnesses or injuries. Some areas of usage include skilled nutrition and health care, physical therapy and other rehabilitative services, Alzheimer’s treatment, end-of-life palliative care. Some of the observed market trends include the trend on home and community care, technological interventions for home en telehealth monitoring, and quality and cheaper healthcare in light of demography and health reforms in the United States.

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.

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Long-Term Care (LTC) Market Size 2024-2028

The long-term care (LTC) market size is forecast to increase by USD 394.8 billion, at a CAGR of 3.21% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand from an aging population. With the global population aging at an unprecedented rate, the need for long-term care services is becoming increasingly essential. This trend is further amplified by the expansion and growth of several healthcare domains, including geriatrics and home health care. However, the LTC market faces a substantial challenge: the lack of skilled nursing staff. This shortage poses a significant obstacle to the healthcare industry's ability to meet the growing demand for care. As the population ages, the need for innovative solutions to address the workforce shortage becomes increasingly urgent.
Companies seeking to capitalize on market opportunities and navigate challenges effectively must focus on attracting and retaining skilled nursing staff through competitive compensation and training programs. Additionally, exploring partnerships with educational institutions and government agencies could help address the workforce shortage and ensure the long-term sustainability of the LTC market.

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

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with dynamic market activities unfolding across various sectors. Occupational therapy and physical therapy interventions are increasingly integrated into care plans to enhance resident well-being and improve functional abilities. Fall prevention strategies, such as mobility assistance devices and staff training programs, remain a priority to minimize risks and ensure safety. Data analytics dashboards and medication management systems facilitate efficient care delivery and regulatory compliance. Financial management systems streamline financial operations and enable effective resource allocation. Discharge planning processes and continuence management products ensure seamless transitions between care settings. Advanced care planning and end-of-life care are gaining importance in LTC, with electronic health records and telehealth platforms enabling remote consultations and care coordination.

Rehabilitation therapies, such as speech therapy and cognitive behavioral therapy, are essential components of comprehensive care plans. Risk management strategies, including infection control measures and staff scheduling optimization, are critical to maintaining quality care and minimizing potential liabilities. Pressure ulcer prevention and pain management techniques are integral to promoting resident comfort and overall well-being. The LTC landscape is characterized by ongoing innovation and the integration of technology to enhance care delivery and improve operational efficiency. Care management software, supply chain optimization, and facility operations management solutions are transforming the industry, enabling providers to deliver high-quality care while managing costs and ensuring regulatory compliance.

How is this Long-Term Care (LTC) Industry segmented?

The long-term care (LTC) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Government
  Public and private players
  Out of the pocket
  Private insurance


Application

  Nursing care and assisted living facilities
  Home healthcare
  Hospice


End-User

  Elderly (65+)
  Younger Adults with Disabilities
  Chronic Illness Patients
  Dementia/Alzheimer's Patients


Geography

  North America

    US
    Canada


  Europe

    France
    Germany


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The government segment is estimated to witness significant growth during the forecast period.

The market dynamics are shaped by various entities that aim to enhance the quality of care and improve patient outcomes. Family caregiver support is crucial for LTC patients, and governments are recognizing the importance of this role. Wound care protocols and patient monitoring devices facilitate timely intervention and prevent complications. Pain management techniques ensure patient comfort and improve the overall care experience. Regulatory compliance and emergency response systems ensure safety and adherence to standards. Long-term care insurance is a financial safety net for many, while nutritional support plans and speech, occupational, and physical therapies contribute t

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.

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

Market Size statistics on the Long Term Care Insurance industry in the US

[304 Pages Report] The global long-term care software market size is estimated to be valued at US$ 3,877 Mn in 2022 and is anticipated to surpass US$ 10,988 Mn by 2032, with a CAGR of 11% during the forecast period (2022-2032).

Report Attribute	Details
Long-term Care Software Market Value (2022)	US$ 3,877 million
Long-term Care Software Market Anticipated Forecast Value (2032)	US$ 10,988 million
Long-term Care Software Market Projected Growth Rate (2022-2032)	11%

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 11% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2014-2020
Forecast Period	2022-2032
Quantitative Units	Revenue in USD Million and CAGR from 2022-2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Delivery modes End-users Region
Regions Covered	North America Latin America Europe East Asia South Asia Oceania Middle East and Africa
Key Countries Profiled	USA Canada Brazil Argentina Germany UK France Spain Italy Nordics BENELUX Australia & New Zealand China India ASEAN GCC South Africa
Key Companies Profiled	Cerner Corporation Omnicare Inc AOD Software Kronos PointClickCare Omnicell, Inc McKesson Corporation Allscripts Healthcare Solutions, Inc. MatrixCare SigmaCare Optimus EMR HealthMEDX LLC.
Customization	Available Upon Request

The nursing facility industry faces dynamic challenges and opportunities as it adapts to emerging trends and changing demographics. Recent performance indicates rising costs and demands because of an aging population and regulatory pressures. Labor shortages complicate operations, compelling facilities to offer higher wages to attract skilled staff. Financial pressures escalate with increased spending on modern technology and regulatory compliance. Despite the strains, some facilities innovate by incorporating telehealth and specialized services to attract privately insured residents and those on government programs. This strategic approach helps balance operational challenges with potential growth opportunities as demand continues. Revenue grew at a CAGR of 1.4% through 2025, projected to reach $167.5 billion in 2025 with a 3.5% revenue increase. Over the last five years, profitability in nursing facilities has been challenging, shaped by intricate factors such as cost structure and reimbursement rates. Wage expenses represent a substantial financial burden driven by labor shortages and regulatory mandates. Facilities must manage escalating costs in food, medications and supplies while dealing with rising rent expenses and the need for advanced technology. Despite these financial strains, high occupancy rates contribute to higher profitability. Facilities prioritize private insurance patients for better reimbursement rates yet must rely on government-funded residents in certain regions. The blend of innovative care models, careful resource management and strategic financial partnerships underpins the industry's ability to remain viable and competitive. The coming five years bring anticipated growth fueled by demographic shifts and evolving care models. Increased occupancy is expected as the older adult population expands, providing new revenue prospects. Facilities will likely see a broader demand for varied care models, necessitating enhancements in infrastructure and personalized services. With potential funding increases from Medicare and Medicaid, there are opportunities for investment in staff training and specialized care. Consolidation trends continue to reshape the landscape, enabling facilities to expand services and leverage economies of scale. Focusing on short-stay, post-acute care and adapting to managed care frameworks could enhance financial resilience. Integrating technology and strategic partnerships may redefine services, ensuring long-term sustainability in a competitive environment. Industry revenue is projected to climb at a CAGR of 2.7%, reaching $191.6 billion by 2030.

In US Long Term Care Market, It is witnessing substantial growth due to demographic shifts, primarily the aging population, and the rising incidence of chronic diseases.

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.

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Long-Term Care Market Outlook

According to our latest research, the global Long-Term Care market size reached USD 1.25 trillion in 2024, reflecting a robust demand for comprehensive care services across the globe. The market is poised for significant expansion, projected to reach USD 2.34 trillion by 2033, growing at a steady CAGR of 7.2% during the forecast period. This sustained growth is primarily driven by the rapidly aging global population, increasing prevalence of chronic diseases, and a shifting preference towards home-based and personalized care services.

One of the principal growth factors for the Long-Term Care market is the demographic shift characterized by an unprecedented rise in the elderly population. Globally, the proportion of individuals aged 65 and above is increasing at a faster rate than any other age group. This demographic trend is particularly pronounced in developed economies such as Japan, Germany, and the United States, where advancements in healthcare have significantly extended life expectancy. As a result, there is a surging demand for a continuum of care services that cater to age-related health issues, functional disabilities, and chronic illnesses. This demographic transition is compelling both public and private sectors to invest in innovative long-term care solutions, including assisted living facilities, home healthcare, and nursing care, further fueling market expansion.

Another key driver propelling the Long-Term Care market is the increasing prevalence of chronic diseases such as diabetes, cardiovascular disorders, and neurodegenerative conditions like Alzheimer’s and Parkinson’s disease. The management of these long-term conditions often requires ongoing medical attention, rehabilitation, and support with daily activities, which are integral services provided by long-term care providers. The growing burden of non-communicable diseases, coupled with the rising cost of acute care, is prompting healthcare systems and families to seek cost-effective alternatives that ensure quality of life and reduce hospital readmissions. The integration of technology, such as remote monitoring and telehealth, is also enhancing the efficiency and accessibility of long-term care services, making them more appealing to both patients and caregivers.

Furthermore, evolving societal attitudes towards aging and care are shaping the Long-Term Care market. There is a noticeable shift towards personalized, patient-centric care models that prioritize dignity, independence, and quality of life for the elderly and individuals with disabilities. This has led to the proliferation of diverse care settings, including adult day care centers, hospice and palliative care, and community-based services, all designed to provide holistic support. Additionally, government initiatives and policy reforms aimed at improving care standards, expanding insurance coverage, and incentivizing private investment are creating a favorable environment for market growth. However, the sector continues to face challenges such as workforce shortages, regulatory complexities, and disparities in access, which necessitate ongoing innovation and policy attention.

Regionally, North America dominates the Long-Term Care market, driven by a large aging population, well-established healthcare infrastructure, and robust insurance coverage. Europe follows closely, with significant investments in elder care and supportive government policies. The Asia Pacific region is emerging as a high-growth market, propelled by rapid urbanization, rising disposable incomes, and increasing awareness of long-term care needs. Latin America and the Middle East & Africa, while currently accounting for a smaller share, are witnessing gradual growth due to improving healthcare systems and demographic changes. Each region presents unique challenges and opportunities, shaped by cultural, economic, and policy factors that influence the adoption and delivery of long-term care services.

Service Type Analysis

The Long-Term Care

Long-Term Care and Nursing Home Information Systems Market Outlook 2032

The global long-term care and nursing home information systems market size was USD 24.8 Billion in 2023 and is projected to reach USD 110.8 Billion by 2032, expanding at a CAGR of 18.1% during 2024–2032. The market is propelled by the aging population requiring higher care and the rapid technological advancements in healthcare IT solutions.



Growing adoption of telehealth services propels the market. This trend reflects efforts to enhance access to care for the elderly and those with chronic conditions, minimizing the need for physical visits.

Recent regulatory relaxations and increased funding for telehealth have accelerated its integration into long-term care facilities, offering real-time monitoring and consultation capabilities. This integration supports proactive health management and improves patient outcomes, establishing telehealth as a cornerstone of modern care strategies.

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  In June 2023, LTC ACO, the pioneering Accountable Care Organization for long-term care residents in the US, and Third Eye Health, a leading virtual care network for post-acute care, expanded their partnership to offer acute-level care virtually via advanced one-touch telehealth technology. This collaboration enables real-time medical consultations for patients, aiming to decrease unnecessary hospital admissions and enhance support for long-term care practitioners outside regular hours.

  
  

Surging implementation of advanced data analytics in long-term care and nursing home information systems fuels market dynamics. Facilities leverage these technologies to gain insights into patient health trends, operational efficiency, and care quality.



Enhanced analytics tools, powered by recent advancements in big data and machine learning, enable predictive modeling for patient care and facility management. This trend is supported by increasing investments in healthcare IT infrastructure, aiming to optimize care delivery and operational workflows.



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The global long-term care market, valued at $1.20 trillion in 2025, is projected to experience robust growth, driven by several key factors. An aging global population, increasing prevalence of chronic diseases like Alzheimer's and dementia, and a rising demand for higher quality of life for seniors are significantly bolstering market expansion. The shift towards community-based care and the increasing adoption of technology in long-term care facilities are also contributing to growth. While rising healthcare costs and workforce shortages pose challenges, innovative care models, telehealth integration, and government initiatives aimed at improving access to long-term care are mitigating these restraints. The market is segmented by service type, with home healthcare, hospice care, nursing care, and assisted living facilities holding significant market share. North America currently dominates the market, followed by Europe and Asia Pacific, reflecting higher healthcare spending and a larger elderly population in these regions. The market is highly competitive, with major players including Brookdale Senior Living, Sunrise Senior Living, and Atria Senior Living, vying for market share through expansion, mergers and acquisitions, and service diversification. The forecast period (2025-2033) anticipates a continued expansion, fueled by ongoing demographic trends and increasing healthcare awareness. The projected Compound Annual Growth Rate (CAGR) of 6.10% indicates substantial market expansion throughout the forecast period. This growth is expected to be relatively consistent across regions, albeit with varying degrees of intensity. While North America will maintain its leading position, Asia Pacific is poised for faster growth due to its rapidly aging population and rising disposable incomes. Furthermore, the increasing focus on preventative care and early interventions will help to manage the costs associated with long-term care, while simultaneously improving the quality of life for patients. The continued development and implementation of innovative technologies, such as AI-powered diagnostic tools and remote patient monitoring systems, are also expected to contribute significantly to market growth and efficiency. Recent developments include: August 2024: The Ontario government is channeling investments into two initiatives in York Region, aiming to broaden diagnostic services in long-term care facilities and curtail visits to hospitals and emergency rooms. The newly introduced Community Paramedicine for Long-Term Care Plus (CPLTC+) program enhances the current Community Paramedicine for Long-Term Care initiative. It empowers community paramedics to administer diagnostic services, such as bloodwork, ultrasound, and urinalysis, directly to residents in long-term care. Additionally, the government is allocating funds to long-term care facilities, ensuring they acquire the necessary equipment and training for these diagnostic services.July 2024: America's long-term care (LTC) pharmacies have unveiled "Save Senior Rx Care," a campaig that emphasizes the critical need to safeguard access to essential medications and services for the millions reliant on long-term care. Through this campaign, LTC pharmacies aim to spotlight the unforeseen yet grave repercussions that emerging drug pricing policies could have on their operations and the at-risk patients they cater to.. Key drivers for this market are: Favorable Long Term Care Insurance Plans, Increasing Adoption Of Long Term Care Services Among Old Population Base; Technological Advancements In The Field Of Long-Term Care. Potential restraints include: Favorable Long Term Care Insurance Plans, Increasing Adoption Of Long Term Care Services Among Old Population Base; Technological Advancements In The Field Of Long-Term Care. Notable trends are: Nursing Care: Backbone of Long-Term Care Services.

North America Long Term Care Devices Market is expected to grow during 2025-2031

Recent developments include: In January 2024, VITALS SOFTWARE was acquired by Aline, a senior-living software provider. The acquisition allowed Aline’s enterprise-scale software to be available to the Vitals Software customers along with their current platform..

The North America Long-Term Care Software report features an extensive regional analysis, identifying market penetration levels across major geographic areas. It highlights regional growth trends and opportunities, allowing businesses to tailor their market entry strategies and maximize growth in specific regions.

Long Term Care Market Outlook

According to our latest research, the global Long Term Care market size reached USD 1,180.5 billion in 2024, propelled by a robust demand for diversified care solutions. The market is projected to expand at a CAGR of 6.4% during the forecast period, reaching an estimated USD 2,060.7 billion by 2033. This growth trajectory is driven by the increasing aging population, rising prevalence of chronic diseases, and a pronounced shift towards home-based and personalized care. As per our analysis, the integration of advanced technologies and evolving payer models are further accelerating the expansion of the long term care sector globally.

One of the primary growth factors for the Long Term Care market is the demographic shift towards an older population worldwide. With the global population aged 65 and above expected to double by 2050, the demand for continuous medical and non-medical care services is experiencing an unprecedented surge. This demographic trend is particularly evident in developed economies such as the United States, Japan, and Western Europe, where life expectancy has steadily increased due to advancements in healthcare infrastructure and medical technologies. Consequently, the need for comprehensive long-term care services, including home healthcare, nursing care, and assisted living facilities, has escalated, fostering significant market expansion.

Another significant growth driver is the rising prevalence of chronic illnesses and disabilities among both elderly and adult populations. Non-communicable diseases such as diabetes, cardiovascular diseases, and neurological disorders require ongoing management, which is often best provided through long-term care settings. Furthermore, the increasing awareness and acceptance of hospice and palliative care services have contributed to the diversification of care offerings. The market is also benefiting from government initiatives and policy reforms aimed at subsidizing long-term care costs and improving accessibility, especially for vulnerable populations. These factors collectively create a favorable environment for the growth of the long term care market.

Technological advancements are transforming the landscape of the Long Term Care market, making care delivery more efficient, personalized, and accessible. The adoption of telehealth, remote patient monitoring, and electronic health records has enhanced the quality of care while reducing operational costs for providers. These innovations enable care providers to monitor patients remotely, manage chronic conditions more effectively, and deliver timely interventions, which is particularly crucial for home healthcare and assisted living segments. Additionally, the emergence of AI-driven predictive analytics is supporting proactive care management, further driving market growth by reducing hospital readmissions and improving patient outcomes.

From a regional perspective, North America continues to dominate the Long Term Care market, supported by a well-established healthcare infrastructure, high healthcare expenditure, and favorable reimbursement policies. Europe follows closely, with significant investments in elder care and supportive government regulations. The Asia Pacific region is witnessing the fastest growth, fueled by rapid urbanization, increasing disposable incomes, and a growing elderly population. Latin America and the Middle East & Africa are also showing steady progress, although market penetration remains lower due to infrastructural and economic challenges. Overall, the global long term care market is poised for robust growth, underpinned by demographic, technological, and policy-driven factors.

Service Type Analysis

The Service Type segment in the Long Term Care market encompasses a diverse range of care modalities, including home healthcare, hospice, nursing care, assisted living facilities, adult day care, and other specialized services. Home healthcare remains the fastest-growing sub-segment, accounting for a substantial share of the market, as patients and