United States (USA) Long Term Care Market Size, Sector / Industry Report & Analysis, 2019-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Silicon Wafer Reclaim Market


The U.S. long term care market size was valued at USD 415.2 billion in 2018 and is expected to register a CAGR of 7.5% over the forecast period. Demand for long term care (LTC) has risen owing to the recognition of unmet needs of the elderly, which are not fulfilled by hospital settings.
Unnecessary hospitalization often results in higher expenditure and degrades the quality of life. Thus, increasing preference for long-term care settings such as home care, nursing homes, hospices, and assisted living facilities among baby boomers in U.S. is driving the market.

  
U.S. is likely to witness considerable growth in its geriatric population aged 65 years and above. Along with general age-related disabilities, the elderly also suffer from chronic diseases such as heart problems, Alzheimer’s, dementia, and mental stress. Treatment for certain chronic diseases such as hypertension and depression are rather costly. Hospitalization also proves to be expensive and entails unnecessary use of resources, which can be utilized by patients in critical conditions. Prevalence of chronic diseases among the general population has also been increasing in recent years in U.S. and has become a major cause of disability requiring medical care. This will also benefit market growth.
Employers are taking initiatives to provide LTC services to their employees. For instance, Medtronic sponsors a group LTC insurance plan for its employees. This plan is aimed at protecting employees from high costs associated with LTC services at home, in community care, and assisted living facilities.

Market Segmentation, Outlook & Viewpoint: Global Silicon Wafer Reclaim Market


This report forecasts revenue growth at a country level and provides an analysis on the latest trends in each of the sub-segments from 2015 to 2026. For this study, Grand View Research has segmented the U.S. long term care market report based on service:

Service Outlook (Revenue, USD Billion, 2015 - 2026)

Home healthcare

Hospices

Nursing care

Assisted living facilities

Key Players, Recent Developments & Regional Insights: Global Silicon Wafer Reclaim Market


The home healthcare segment dominated the U.S. long term care (LTC) market in 2018. Nursing homes and hospitals are no more the only options for healthcare and rising healthcare expenditure across these facilities has made home healthcare the de facto for many patients and senior citizens in need of care. With increasing demand for home healthcare, service providers are introducing newer technologies and software to improve quality of care.
Hospices are anticipated to witness lucrative growth over the forecast period due to increasing prevalence of chronic diseases and need for 24-hour medical attention. According to the National Hospice and Palliative Care Organization, in 2016, around 1.2 million received hospice care. Approximately 83.2% of people who died in U.S. received hospice care, though the majority received it only for a few days.
In January 2017, the U.S. government signed an executive order to cut burdensome regulations on American businesses and decrease regulatory spending. Thus, with the new order, home health care organizations are expected to observe several opportunities due to the reduction and leniency of regulations that were detrimental to small businesses in America.
U.S. Long Term Care Market Share Insights
Key players operating in the U.S. long term care (LTC) market include 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.
According to data by the Centers for Disease and Prevention (CDC) in 2016, about 65,600 paid and regulated LTC facilities in U.S. served about 9 million patients in the country. These services are provided by nursing homes, adult day care service centers, home health agencies, hospices, assisted living facilities, and other residential care centers.
According to the new insurance policy declared in February 2017, the cost of insurance coverage rose by 6% to 9% from 2016. However, the cost of insurance for single men above 60 years declined by up to 20%. These changing policies could cause fluctuations in the market over the following years.

Key Insights Covered: Global Global Silicon Wafer Reclaim Market
1.  Market size (sales, revenue and growth rate) of Global Silicon Wafer Reclaim industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Global Silicon Wafer Reclaim industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Global Silicon Wafer Reclaim industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Global Silicon Wafer Reclaim industry.

Research Methodology: Global Silicon Wafer Reclaim Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
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