U.S. Long Term Care Market Size, Share & Trends Analysis Report By Service (Hospice, Home Healthcare, Nursing Care, Assisted Living Facilities), Competitive Landscape, And Segment Forecasts, 2019 - 2026

Published: May, 2019 | Pages: 60 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The U.S. long term care market size is expected to reach USD 737.1 billion by 2026, according to a new report by Grand View Research, Inc., registering a 7.5% CAGR during the forecast period. The market is expected to be driven by rising incidence of chronic disorders in U.S., 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 LTC settings over the coming years.

According to the population projection report published by the U.S. Census Bureau in 2016, the population of millennials in U.S. 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 U.S. LTC market. In order to enhance patient quality of life, LTC facilities such as hospices 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 home healthcare segment dominated the market in terms of revenue in 2018. This can be attributed to presence of a large number of facilities, high cost of services, and availability of reimbursements for home healthcare in the country

• The hospices segment is projected to exhibit the fastest growth during the forecast period due to increasing incidence rate of Alzheimer's and dementia and surge in post-hospital care

• The U.S. long term care (LTC) market has been witnessing several mergers and acquisitions, resulting in the integration of various services and maximizing revenue. For instance, in March 2017, Brookdale and its affiliates of Blackstone Real Estate Advisors VIII L.P. formed a venture called the Blackstone Venture, which acquired 64 senior housing communities for USD 1.1 billion

• Key players operating in the market are Brookdale Senior Living, Inc.; Sunrise Carlisle, LP; Atria Senior Living Group; Senior Care Centers of America; Kindred Healthcare, Inc.; Genesis Healthcare Corp.; Home Instead Senior Care, Inc.; Capital Senior Living Corporation; and Diversicare Healthcare Services, Inc.

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Market Segmentation & Scope
                       1.1.1 Services
                       1.1.2 Estimates and forecast timeline
                   1.2 Research Methodology
                   1.3 Information Procurement
                       1.3.1 Purchased database
                       1.3.2 GVR's internal database
                       1.3.3 Secondary sources
                       1.3.4 Primary research
                       1.3.5 Details of primary research
                   1.4 Information or Data Analysis
                       1.4.1 Data analysis models
                   1.5 Market Formulation & Validation
                   1.6 Model Details
                       1.6.1 Commodity flow analysis
                           1.6.1.1 Approach 1: Commodity flow approach
                       1.6.2 Volume price analysis
                           1.6.2.1 Approach 2: Volume price analysis
                   1.7 List of Secondary Sources
                   1.8 List of Abbreviations
                   1.9 Objectives
                       1.9.1 Objective 1
                       1.9.2 Objective 2
Chapter 2 Executive Summary
                   2.1 Market Outlook
                   2.2 Segment Outlook
Chapter 3 Market Variables, Trends & Scope
                   3.1 Market Lineage outlook
                       3.1.1 Parent market outlook
                   3.2 Market Segmentation
                       3.2.1 Analysis
                   3.3 Market Dynamics
                       3.3.1 Market driver analysis
                           3.3.1.1 Growing geriatric population
                           3.3.1.2 Growing prevalence of target diseases, especially Alzheimer's and other dementias
                           3.3.1.3 Increasing employment of women
                           3.3.1.4 Technological development
                           3.3.1.5 Increasing government involvement in therapeutic and vaccination in LTC facilities
                       3.3.2 Market restraint analysis
                           3.3.2.1 Lack of skilled human resources
                           3.3.2.2 Stringent regulations
                           3.3.2.3 Lower remunerations
                       3.3.3 Industry opportunities
                   3.4 Penetration & Growth Prospect Mapping
                       3.4.1 Penetration & growth prospect mapping analysis
Chapter 4 Business Environment Analysis Tools
                   4.1 PORTER'S five forces analysis
                   4.2 PESTEL analysis
                   4.3 Major deals & strategic alliances analysis
                       4.3.1 Mergers & acquisitions and joint ventures
                       4.3.2 Licensing & partnerships and technology collaborations
Chapter 5 Qualitative Analysis: Air Purifiers in Long Term Care Facilities
                   5.1 Qualitative analysis - Air purifiers in LTC facilities
                   5.2 Competitive Analysis
Chapter 6 U.S. Long Term (LTC) Market: Service Analysis
                   6.1 U.S. Long Term Care (LTC) Services Market Share Analysis, 2018 & 2026
                   6.2 U.S. Long Term Care (LTC) Services Market: Segment Dashboard:
                   6.3 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the Services Segment
                       6.3.1 Home healthcare
                           6.3.1.1 Home healthcare market, 2015 - 2026 (USD Billion)
                       6.3.2 Hospices
                           6.3.2.1 Hospices market, 2015 - 2026 (USD Billion)
                       6.3.3 Nursing care
                           6.3.3.1 Nursing care market, 2015 - 2026 (USD Billion)
                       6.3.4 Assisted living facilities
                           6.3.4.1 Assisted living facilities market, 2015 - 2026 (USD Billion)
Chapter 7 U.S. Long Term Care (LTC) Market Analysis
                   7.1 List of Players in U.S.
                   7.2 Market Size, & Forecasts, and Trend Analysis, 2015 to 2026
                       7.2.1 U.S.
                           7.2.1.1 Reimbursement scenario
                           7.2.1.2 U.S. Long Term Care (LTC) market, 2015 - 2026 (USD Billion)
Chapter 8 Competitive Analysis
                   8.1 Recent developments & impact analysis, by key market participants
                   8.2 Strategic Framework/ Competition Categorization (Key innovators, Market leaders, emerging players
                   8.3 Vendor Landscape
                       8.3.1 Company market position analysis (Geographic presence, service portfolio, strategic initiatives)
                   8.4 Company Profiles
                       8.4.1 Brookdale Senior Living Solutions
                           8.4.1.1 Company overview
                           8.4.1.2 Financial performance
                           8.4.1.3 Services benchmarking
                           8.4.1.4 Strategic initiatives
                           8.4.1.5 SWOT analysis
                       8.4.2 Sunrise Carlisle, LP (Sunrise Senior Living, LLC)
                           8.4.2.1 Company overview
                           8.4.2.2 Financial performance
                           8.4.2.3 Services benchmarking
                           8.4.2.4 Strategic initiatives
                           8.4.2.5 SWOT analysis
                       8.4.3 Kindred Healthcare, Inc.
                           8.4.3.1 Company overview
                           8.4.3.2 Financial performance
                           8.4.3.3 Services benchmarking
                           8.4.3.4 Strategic initiatives
                           8.4.3.5 SWOT analysis
                       8.4.4 Genesis Healthcare, Inc.
                           8.4.4.1 Company overview
                           8.4.4.2 Financial performance
                           8.4.4.3 Service benchmarking
                           8.4.4.4 Strategic initiatives
                           8.4.4.5 SWOT analysis
                       8.4.5 Extendicare, Inc.
                           8.4.5.1 Company overview
                           8.4.5.2 Financial performance
                           8.4.5.3 Service benchmarking
                           8.4.5.4 Strategic initiatives
                           8.4.5.5 SWOT analysis
                       8.4.6 Capital Senior Living Corporation
                           8.4.6.1 Company overview
                           8.4.6.2 Financial performance
                           8.4.6.3 Services benchmarking
                           8.4.6.4 Strategic initiatives
                           8.4.6.5 SWOT analysis
                       8.4.7 Diversicare Healthcare Services, Inc.
                           8.4.7.1 Company overview
                           8.4.7.2 Financial performance
                           8.4.7.3 Services benchmarking
                           8.4.7.4 Strategic initiatives
                           8.4.7.5 SWOT analysis
                       8.4.8 Home Instead, Inc.
                           8.4.8.1 Company overview
                           8.4.8.2 Services benchmarking
                           8.4.8.3 Strategic initiatives
                       8.4.9 Senior care centers of america
                           8.4.9.1 Company overview
                           8.4.9.2 Services benchmarking
                           8.4.9.3 Strategic initiatives
                       8.4.10 Atria senior living, Inc.
                           8.4.10.1 Company overview
                           8.4.10.2 Services benchmarking
                           8.4.10.3 Strategic initiatives
Chapter 9 Recommendations

List of Tables

TABLE 1 List of secondary sources
TABLE 2 List of abbreviation
TABLE 3 Recommendations of vaccines and their dosage (for adults 60 years and above)
TABLE 4 Suppliers for LTC market
TABLE 5 List of players offering air-purifiers to the long-term care facilities
TABLE 6 Top home healthcare companies in the U.S., 2015
TABLE 7 Top hospice companies in the U.S., 2015
TABLE 8 Top nursing care companies in the U.S., 2015
TABLE 9 Top assisted living facilities in the U.S., 2015
TABLE 10 U.S. long term care market, by service, 2015 - 2026 (USD Billion)
TABLE 11 List of players in U.S.

List of Figures

Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Market outlook
Fig. 9 U.S. Long term care market segmentation
Fig. 10 Market trends & outlook
Fig. 11 Market driver relevance analysis (Current & future impact)
Fig. 12 Proportion of people with Alzheimer's, by age group
Fig. 13 Number of people with dementia, by country type, 2013-2050 (Million)
Fig. 14 Women employment trend in the U.S., 2015 and 2024
Fig. 15 Long term care services providers providing therapeutic services, U.S., 2014 (percentage)
Fig. 16 Market restraint relevance analysis (Current & future impact)
Fig. 17 Penetration & growth prospect mapping
Fig. 18 PORTER'S five forces analysis
Fig. 19 PESTLE analysis
Fig. 20 U.S. Long term care (LTC) service market share analysis, 2018 & 2026
Fig. 21 U.S. Long term care (LTC) service market: Segment dashboard
Fig. 22 Home healthcare market, 2015 - 2026 (USD Billion)
Fig. 23 Hospices market, 2015 - 2026 (USD Billion)
Fig. 24 Nursing care market, 2015 - 2026 (USD Billion)
Fig. 25 Assisted living facilities market, 2015 - 2026 (USD Billion)
Fig. 26 U.S. Long Term Care (LTC) market, 2015 - 2026 (USD Billion)
Fig. 27 Strategy framework
Fig. 28 Strategy framework / Competition categorization
Fig. 29 Company market position analysis (service portfolio, strategic initiatives, geographic presence)