U.S. Long Term Care Market Size, Share & Trends Analysis Report By Service And Segment Forecasts, 2020 - 2027

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    Jasleen Kour
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US Long Term Care Market Size Share & Trends Analysis Report By Service (Home Healthcare Hospice Nursing Care Assisted Living Facilities) And Segment Forecasts 2020 - 2027 Read the full report: https://wwwreportlinkercom/p05879589/?utm_source=PRN The US long term care market size is expected to reach USD 7519 billion by 2027 expanding at a CAGR of 68% The market is expected to be driven by the rising incidence of chronic disorders in US which can be attributed to a large aging population and unhealthy lifestyle Rising prevalence of dementia Alzheimer's heart disorders respiratory diseases and mental disorders is likely to increase the burden on long term care settings over the coming years According to the population projection report published by the US Census Bureau in 2016 the population of millennials in US is expected to surpass the population of baby boomers by 2019 As of 2016 millennials were categorized as the population aged 20 to 35 years and baby boomers were those aged between 52 and 72 years In 2016 the population of millennials was 71 million and that of baby boomers was around 74 million While the former will rise to 73 million in 2019 the latter will drop to 72 million Generation X the population group aged between 36 and 51 years is anticipated to surpass the boomers by 2028 Technological developments are a key characteristic of the market for long term care in US In order to enhance patient quality of life long term care facilities such as hospice have started installing wireless video-conferencing devices These devices enable patients to access the internet from their rooms and facilitate easy communication with friends and family These computer-based technologies have helped enhance communication between hospice nurses and caregivers and enabled them to make decisions and provide real-time solutions or coaching tips Further key findings from the study suggest: • The nursing care segment dominated the market for long term care in US in terms of revenue in 2019 This can be attributed to the presence of a large number of facilities offering medical supervision and round the clock assistance • The hospice segment is projected to exhibit the fastest growth during the forecast period due to the increasing incidence rate of Alzheimer's and dementia and surge in post-hospital medical assistance • The US long term care Market has been witnessing several mergers and acquisitions and partnerships resulting in the integration of various services and maximizing revenue For instance in November 2019 the US leading independent personal care hospice and home health company named Amedisys Inc signed an agreement to acquire a hospice care provider Asana Hospice which offers service to around 540 patients daily in eight locations in Ohio Pennsylvania Missouri Texas and Kansas • In March 2017 Brookdale and its affiliates of Blackstone Real Estate Advisors VIII LP formed a venture called the Blackstone Venture which acquired 64 senior housing communities for USD 11 billion • Key players operating in the market are Brookdale Senior Living Inc; Sunrise Carlisle LP; Atria Senior Living Group; Senior Care Centers of America; Amedisys Inc Kindred Healthcare Inc; Genesis Healthcare Corp; Home Instead Senior Care Inc; Capital Senior Living Corporation; and Diversicare Healthcare Services IncRead the full report: https://wwwreportlinkercom/p05879589/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly in one place __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001


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