Europe Long-term Care Market Size & Outlook, 2024-2030
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Europe long-term care market highlights
- The Europe long-term care market generated a revenue of USD 238,857.8 million in 2023.
- The market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, home healthcare was the largest revenue generating service in 2023.
- Hospice is the most lucrative service segment registering the fastest growth during the forecast period.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 238,857.8 million |
| Market revenue in 2030 | USD 363,360.2 million |
| Growth rate | 6.4% (CAGR from 2024 to 2030) |
| Largest segment | Home healthcare |
| Fastest growing segment | Hospice |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities |
| Key market players worldwide | Brookdale Senior Living Inc, Knight Therapeutics Inc, Life Healthcare Group Holdings Ltd, Sunrise Medical, Extendicare Inc, Sonida Senior Living Inc, Genesis Healthcare Inc Class A, Amedisys Inc, Home Instead, Diversicare Healthcare Services, Atria Senior Living |
Other key industry trends
- In terms of revenue, Europe region accounted for 21.4% of the global long-term care market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 131,431.8 million by 2030.
Home healthcare was the largest segment with a revenue share of 31.04% in 2023. Horizon Databook has segmented the Europe long-term care market based on home healthcare, hospice, nursing care, assisted living facilities covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing long-term care cost is a burden to social care and health systems in many countries. The cost of supporting geriatric population with everyday functions, such as hygiene, medications, and eating, constitutes a large proportion of public budgets. Low pay, coupled with challenging working conditions, leads to high turnover in worker class.
This, in turn, creates difficulties in attracting highly qualified and motivated care staff. The rise in the aging population in the region is expected to drive the market during the forecast period. For instance, according to the 2021 Long-term care report, the potential individual requiring long-term care in the EU is anticipated to reach 38.1 million in 2050 from 30.8 million in 2019 owing to the aging population.
With the aging population, the mental and physical disability prevalence increases which lead to dependency on aid for instrumental and/or activities for daily living. This will lead to the growth of the market during the forecast period.
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Long-Term Care Market Scope
Long-Term Care Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Diversicare Healthcare Services | View profile | 1001-5000 | Brentwood, Tennessee, United States, North America | http://www.advocatinc.com/ |
| Atria Senior Living | View profile | 10001+ | Louisville, Kentucky, United States, North America | http://atriaseniorliving.com |
| Home Instead | View profile | 501-1000 | Omaha, Nebraska, United States, North America | http://www.homeinstead.com |
| Sonida Senior Living Inc | View profile | 3955 | 14755 Preston Road, Suite 810, Dallas, TX, United States, 75254 | https://www.sonidaseniorliving.com |
| Extendicare Inc | View profile | 22000 | 3000 Steeles Avenue East, Suite 700, Markham, ON, Canada, L3R 4T9 | https://www.extendicare.com |
| Knight Therapeutics Inc | View profile | 725 | 3400 De Maisonneuve West, Suite 1055, Montreal, QC, Canada, H3Z 3B8 | https://www.gud-knight.com |
| Brookdale Senior Living Inc | View profile | 36000 | 111 Westwood Place, Suite 400, Brentwood, TN, United States, 37027 | https://www.brookdale.com |
| Life Healthcare Group Holdings Ltd | View profile | 16960 | 203 Oxford Road, Building 2, Oxford Parks, Corner Eastwood and Oxford Roads, Johannesburg, GT, South Africa, 2196 | https://www.lifehealthcare.co.za |
| Amedisys Inc | View profile | 19000 | 3854 American Way, Suite A, Baton Rouge, LA, United States, 70816 | https://www.amedisys.com |
| Sunrise Medical | View profile | 1001-5000 | Boulder, Colorado, United States, North America | http://www.sunrisemedical.com |
| Genesis Healthcare Inc Class A | View profile | 44000 | 101 East State Street, Kennett Square, PA, United States, 19348 | http://www.genesishcc.com |
Europe long-term care market size, by country, 2018-2030 (US$M)
Europe Long-Term Care Market Outlook Share, 2023 & 2030 (US$M)
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