Sep 13, 2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Long Term Care Market.
It was estimated prior to this unanticipated outbreak that the Long Term Care Market was expected to grow at a CAGR of 7.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
For a more detailed breakdown of the COVID-19 impact on the Long Term Care Market, request a free sample of the report here:
Long-term care is defined as a service aimed at meeting personal care or a person’s health care need for a long or short period of time. The long-term care services help the person to live his/her independently and safely when they are unable to do their daily routine activities on their own. These services are provided by various facilities at different places as per the individual’s need.
The global market growth is primarily driven by the increasing elderly population coupled with increased spending on healthcare across geographies.
Click here for ToC of the report:
Based on service type, the market has been divided into home healthcare services, facility-based care services, and community-based services, and others. The community-based services segment accounted for the largest share of more than 30 % in 2020. Increasing demand for adult day-care facilities is likely to fuel the product demand at a significant rate during the review period.
The market in North America accounted for largest share of approximately 40% in 2020 due to increasing geriatric population and presence of various long term healthcare facilities. The market in Asia-Pacific region is projected to register a healthy growth rate on account of the rising awareness among consumers and increasing government support.
Key players operating in the global Long Term Care market are-
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Long Term Care analysis report discusses the following heads in great detail:
Know more about Stratview Research:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.
Need a detailed report? Get in touch with us: