Long-term Care Market To Witness A Significant Growth Of USD 1.7 Trillion By 2030
San Francisco, 21 Sep 2022: The Report Long-term Care Market Size, Share & Trends Analysis Report By Service (Home Healthcare, Hospice & Palliative Care, Nursing Care, Assisted Living Facilities), By Payer (Public, Private, Out of Pocket), By Region, And Segment Forecasts, 2022 - 2030 The global long-term care market size is expected to reach USD 1.7 trillion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.55% from 2022 to 2030. The market is expected to grow primarily owing to the rising prevalence of target diseases, especially Alzheimer’s and dementia, among the aging population. In addition to this, increasing awareness about different long-term care (LTC) facilities and increasing medical coverage for home healthcare are likely to benefit the market growth. Changing healthcare scenarios has created new requirements in the market that define target group preferences. As a result, the market has expanded with a wid