The global long-term care devices market is on a significant upward trajectory, with projections indicating a substantial market size of USD 361.7 billion by the year 2030. This represents a robust compound annual growth rate (CAGR) of 8.1% over the period from 2025 to 2030, as highlighted in a recent report by Grand View Research, Inc. Several key factors are fueling this market expansion. A primary driver is the escalating demand for specialized care for the elderly within long-term care facilities. Furthermore, the increasing number of patients who rely on medical devices and require continuous monitoring is significantly contributing to market growth. The rising prevalence of specific target diseases, notably Alzheimer’s disease and other forms of dementia, also necessitates the use of long-term care devices. Growing public awareness regarding the availability and benefits of these devices, coupled with improving medical coverage policies for long-term care services, are additional catalysts propelling market growth.

Data published by the United Nations in 2017 underscores the magnitude of the demographic shift, projecting a doubling of the global population aged 60 years and above by 2050 compared to 2017. In 2017, the number of individuals aged 60 and over was estimated at a substantial 962 million worldwide. Moreover, an August 2018 estimate indicated that approximately 52% of individuals reaching the age of 65 are more likely to require some form of long-term care services during their remaining years. Adding to this trend is the increasing preference among individuals for receiving care in the familiar and comfortable environment of their own homes rather than in traditional hospital settings. This shift in preference is reflected in the changing landscape of care facilities; the number of nursing facilities has decreased in recent years, while home nursing programs have doubled. This trend clearly demonstrates the growing utilization of long-term care facilities and a corresponding rise in the demand for durable medical equipment suitable for both institutional and home-based care.

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Key highlights from the Long Term Care Devices Market Report include:

• Diagnostic devices held the dominant position in the market in 2024, accounting for a significant revenue share of 40.6%. This dominance is primarily attributed to the increasing occurrence of chronic diseases within the elderly population, which necessitates regular and consistent health monitoring to manage these conditions effectively.

• The home healthcare sector represented the largest end-use segment in 2024, capturing a substantial share of 35.0%. This is largely driven by the strong preference among elderly individuals to receive necessary care within the familiar and comfortable surroundings of their own homes, promoting a sense of well-being and independence.

• Mobility assist devices are anticipated to experience the most rapid growth rate over the forecast period. This accelerated growth is directly linked to the increasing aging population, a significant portion of whom face various mobility challenges that necessitate the use of assistive devices to maintain their independence and quality of life.

• The hospice segment is projected to offer particularly lucrative growth opportunities throughout the forecast period. Hospice care provides specialized and compassionate support for patients with terminal illnesses, with a strong emphasis on ensuring comfort and maximizing their quality of life during their final stages. The increasing awareness of palliative care options and the comprehensive family support offered by hospice services contribute significantly to its growing appeal and attractiveness within the long-term care industry.

• The North American long-term care devices market held the leading position globally in 2024, commanding the largest revenue share of 42.5%. This significant market share is primarily driven by the region's rapidly aging population, which inherently leads to a greater demand for a wide range of long-term care solutions and the devices that support them.

List of Key Players in the Long Term Care Devices Market

• Abbott

• Medtronic Plc

• B. Braun Medical Inc.

• 3M

• Baxter

• F. Hoffmann-La Roche Ltd

• MCKESSON CORPORATION

• Medline Industries, LP.

• Fresenius Medical Care AG

• Cardinal Health

• GF Health Products, Inc.

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