Long Term Care Market is estimated to be US$ 2000.67 billion by 2030 with a CAGR of 7.4%. during the forecasted period. prophecymarketinsights.com

The upsurge in the geriatric population of age 85 & older will drive the segmental growth during the forecast period. According to the United Nations, in 2019, the number of population aged 80 years or over is projected to triple, from 143 million in 2019 to 426 million in 2050. Additionally, rise in the number of patients suffering from life-threatening diseases such as cardiovascular disease, Alzheimer’s, and osteoporosis among others are further propelling the segmental market growth.