Latin America Long-Term Care Market Size & Outlook
The long-term care market in Latin America is expected to reach a projected revenue of US$ 153.2 billion by 2033. A compound annual growth rate of 6.4% is expected of Latin America long-term care market from 2026 to 2033.
The Latin America long-term care market generated a revenue of USD 90.9 billion in 2025.
The market is expected to grow at a CAGR of 6.4% from 2026 to 2033.
In terms of segment, public was the largest revenue generating payer in 2025.
Private is the most lucrative payer segment registering the fastest growth during the forecast period.
Country-wise, Mexico is expected to register the highest CAGR from 2026 to 2033.
Latin America data book summary
Market revenue in 2025
USD 90.9 billion
Market revenue in 2033
USD 153.2 billion
Growth rate
6.4% (CAGR from 2026 to 2033)
Largest segment
Public
Fastest growing segment
Private
Historical data covered
2021 - 2024
Base year for estimation
2025
Forecast period covered
2026 - 2033
Quantitative units
Revenue in USD billion
Market segmentation
Public, Private, Out-of-Pocket
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, Latin America region accounted for 7.2% of the long-term care market in 2025.
Globally, North America is projected to lead the regional market in terms of revenue in 2033.
Europe is the fastest growing regional market and is projected to reach USD 482.0 billion by 2033.
Latin America is considered to be aging according to the standards defined by WHO. Compared to developed countries that are fighting the problem of insufficient healthcare coverage, countries such as Brazil and Mexico are yet to adopt an LTC system. Most insurance companies in this region are private, and only a fraction of the elderly population is able to afford insurance.
Although the number of nursing home facilities is increasing at a high rate in Mexico, they are mostly occupied by foreigners who are attracted to the cheaper home care facilities in the country. Residents of Mexico prefer staying at home & hiring part-time or full-time assistance rather than going to nursing homes.
As per the report of Inter-American Development Bank (IDB) 2019, approximately 8 million older adults were cared dependent in Latin America, which accounts for the people aged 65 years and above in Latin America and the Caribbean (LAC).
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Long-Term Care Market Outlook will help companies and investors design strategic landscapes.
Public was the largest segment with a revenue share of 55.23% in 2025.
Horizon Databook has segmented the Latin America long-term care market based on public, private, out-of-pocket covering the revenue growth of each sub-segment from 2021 to 2033.
Latin America is considered to be aging according to the standards defined by WHO. Compared to developed countries that are fighting the problem of insufficient healthcare coverage, countries such as Brazil and Mexico are yet to adopt an LTC system. Most insurance companies in this region are private, and only a fraction of the elderly population is able to afford insurance.
Although the number of nursing home facilities is increasing at a high rate in Mexico, they are mostly occupied by foreigners who are attracted to the cheaper home care facilities in the country. Residents of Mexico prefer staying at home & hiring part-time or full-time assistance rather than going to nursing homes.
As per the report of Inter-American Development Bank (IDB) 2019, approximately 8 million older adults were cared dependent in Latin America, which accounts for the people aged 65 years and above in Latin America and the Caribbean (LAC).
Latin America Long-Term Care Market Payer Outlook (Revenue, USD Billion , 2021-2033)
Public
Private
Out-of-Pocket
Latin America Long-Term Care Market Service Outlook (Revenue, USD Billion , 2021-2033)
Others Service
Home Healthcare
Assisted Living Facilities
Hospice
Nursing Care
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Long-Term Care Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Long-Term Care Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Latin America Long-Term Care Market, 2021-2033 (US$B)