Long Term Care Insurance Market Size, Share, Trends, Growth 2032
Long Term Care Insurance Market By Service (Home Healthcare, Hospice Care, Home Personal Care, Community Facilities, Respite Care, Adult Day Care, and Services Offered in Assisted Living Facilities); By Policy (Individual Policy, Group Policy, and Association Policy); and by Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032-
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 786.39 Billion | USD 1464.39 Billion | 6.4% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Type
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Long Term Care Insurance Market, 2016–2026(USD Billion)
- 2.2. Long Term Care Insurance Market: Snapshot
- Chapter 3. Global Long Term Care Insurance Market– Industry Analysis
- 3.1. Long Term Care Insurance Market: Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Surge in the avenues of serving elderly population will result in rapid increment in long term care insurance market expansion over 2020-2026.
- 3.2.2. With spread of pandemic such as COVID -19 and steep rise in the patient population base with moderate & severe conditions will lead to bulge in the size of long term care insurance market over forthcoming years.
- 3.3. Porter’s Five Forces Analysis
- 3.4. Market Attractiveness Analysis
- 3.4.1. Market attractiveness analysis By Service
- 3.4.2. Market attractiveness analysis By Pulicy
- Chapter 4. Global Long Term Care Insurance Market– Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Long Term Care Insurance Market: company market share, 2019
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New Service launches
- 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
- 4.1. Company market share analysis
- Chapter 5. Global Long Term Care Insurance Market– Pulicy Analysis
- 5.1. Global Long Term Care Insurance Market overview: By Pulicy
- 5.1.1. Global Long Term Care Insurance Market share, By Pulicy , 2019 and 2026
- 5.2. Individual Pulicy
- 5.2.1. Global Long Term Care Insurance Market by Individual Pulicy, 2016–2026(USD Billion)
- 5.3. Group Pulicy
- 5.3.1. Global Long Term Care Insurance Market by Group Pulicy, 2016–2026(USD Billion)
- 5.4. Association Pulicy
- 5.4.1. Global Long Term Care Insurance Market by Association Pulicy, 2016–2026(USD Billion)
- 5.1. Global Long Term Care Insurance Market overview: By Pulicy
- Chapter 6. Global Long Term Care Insurance Market– Service Analysis
- 6.1. Global Long Term Care Insurance Market overview: By Service
- 6.1.1. Global Long Term Care Insurance Market share, By Service, 2019 and 2026
- 6.2. Home Healthcare
- 6.2.1. Global Long Term Care Insurance Market by Home Healthcare, 2016–2026(USD Billion)
- 6.3. Hospice Care
- 6.3.1. Global Long Term Care Insurance Market by Hospice Care, 2016–2026(USD Billion)
- 6.4. Respite Care
- 6.4.1. Global Long Term Care Insurance Market by Respite Care, 2016–2026(USD Billion)
- 6.5. Adult Day Care
- 6.5.1. Global Long Term Care Insurance Market by Adult Day Care, 2016–2026(USD Billion)
- 6.6. Community Facilities
- 6.6.1. Global Long Term Care Insurance Market by Community Facilities, 2016–2026(USD Billion)
- 6.7. Home Personal Care
- 6.7.1. Global Long Term Care Insurance Market by Home Personal Care, 2016–2026(USD Billion)
- 6.8. Services Offered in Assisted Living Facilities
- 6.8.1. Global Long Term Care Insurance Market by Services Offered in Assisted Living Facilities, 2016–2026(USD Billion)
- 6.1. Global Long Term Care Insurance Market overview: By Service
- Chapter 7. Company Profiles
- 7.1. New York Life
- 7.1.1. Overview
- 7.1.2. Financials
- 7.1.3. Service Portfolio
- 7.1.4. Business Strategy
- 7.1.5. Recent Developments
- 7.2. Pacific Life
- 7.2.1. Overview
- 7.2.2. Financials
- 7.2.3. Service Portfolio
- 7.2.4. Business Strategy
- 7.2.5. Recent Development
- 7.3. Linculn Financial Group
- 7.3.1. Overview
- 7.3.2. Financials
- 7.3.3. Service Portfolio
- 7.3.4. Business Strategy
- 7.3.5. Recent Development
- 7.4. Mutual of Omaha
- 7.4.1. Overview
- 7.4.2. Financials
- 7.4.3. Service Portfolio
- 7.4.4. Business Strategy
- 7.4.5. Recent Development
- 7.5. Brighthouse Financial
- 7.5.1. Overview
- 7.5.2. Financials
- 7.5.3. Service Portfolio
- 7.5.4. Business Strategy
- 7.5.5. Recent Development
- 7.6. OneAmerica Hybrid
- 7.6.1. Overview
- 7.6.2. Financials
- 7.6.3. Service Portfolio
- 7.6.4. Business Strategy
- 7.6.5. Recent Development
- 7.7. GuldenCare
- 7.7.1. Overview
- 7.7.2. Financials
- 7.7.3. Service Portfolio
- 7.7.4. Business Strategy
- 7.7.5. Recent Development
- 7.8. National Guardian Life
- 7.8.1. Overview
- 7.8.2. Financials
- 7.8.3. Service Portfolio
- 7.8.4. Business Strategy
- 7.8.5. Recent Development
- 7.9. LTC Consumer
- 7.9.1. Overview
- 7.9.2. Financials
- 7.9.3. Service Portfolio
- 7.9.4. Business Strategy
- 7.9.5. Recent Development
- 7.10. Minnesota Life
- 7.10.1. Overview
- 7.10.2. Financials
- 7.10.3. Service Portfolio
- 7.10.4. Business Strategy
- 7.10.5. Recent Development
- 7.11. Transamerica
- 7.11.1. Overview
- 7.11.2. Financials
- 7.11.3. Service Portfolio
- 7.11.4. Business Strategy
- 7.11.5. Recent Development
- 7.12. Nationwide
- 7.12.1. Overview
- 7.12.2. Financials
- 7.12.3. Service Portfolio
- 7.12.4. Business Strategy
- 7.12.5. Recent Development
- 7.13. Thrivent
- 7.13.1. Overview
- 7.13.2. Financials
- 7.13.3. Service Portfolio
- 7.13.4. Business Strategy
- 7.13.5. Recent Development
- 7.14. Bankers Life and Casualty
- 7.14.1. Overview
- 7.14.2. Financials
- 7.14.3. Service Portfolio
- 7.14.4. Business Strategy
- 7.14.5. Recent Development
- 7.15. Prudential
- 7.15.1. Overview
- 7.15.2. Financials
- 7.15.3. Service Portfolio
- 7.15.4. Business Strategy
- 7.15.5. Recent Development
- 7.16. UNUM
- 7.16.1. Overview
- 7.16.2. Financials
- 7.16.3. Service Portfolio
- 7.16.4. Business Strategy
- 7.16.5. Recent Development
- 7.17. John Hancock
- 7.17.1. Overview
- 7.17.2. Financials
- 7.17.3. Service Portfolio
- 7.17.4. Business Strategy
- 7.17.5. Recent Development
- 7.18. CNA
- 7.18.1. Overview
- 7.18.2. Financials
- 7.18.3. Service Portfolio
- 7.18.4. Business Strategy
- 7.18.5. Recent Development
- 7.19. Genworth
- 7.19.1. Overview
- 7.19.2. Financials
- 7.19.3. Service Portfolio
- 7.19.4. Business Strategy
- 7.19.5. Recent Development
- 7.20. AXA
- 7.20.1. Overview
- 7.20.2. Financials
- 7.20.3. Service Portfolio
- 7.20.4. Business Strategy
- 7.20.5. Recent Development
- 7.21. State Life
- 7.21.1. Overview
- 7.21.2. Financials
- 7.21.3. Service Portfolio
- 7.21.4. Business Strategy
- 7.21.5. Recent Development
- 7.22. MassMutual
- 7.22.1. Overview
- 7.22.2. Financials
- 7.22.3. Service Portfolio
- 7.22.4. Business Strategy
- 7.22.5. Recent Development
- 7.1. New York Life
Table Of Figures
List of Figures
1. Market research Type
2. Market research methodology
3. Global Long Term Care Insurance Market, 2016–2026(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Long Term Care Insurance Marketattractiveness, By Policy
6. Global Long Term Care Insurance Marketattractiveness, By Service
7. Global Long Term Care Insurance Marketshare by Policy,2019 and 2026 (USD Billion)
8. Global Long Term Care Insurance Marketby Individual Policy, 2016–2026(USD Billion)
9. Global Long Term Care Insurance Marketby Group Policy, 2016–2026(USD Billion)
10. Global Long Term Care Insurance Marketby Association Policy, 2016–2026(USD Billion)
11. Global Long Term Care Insurance Marketshare by Service ,2019 and 2026 (USD Billion)
12. Global Long Term Care Insurance Marketby Home Healthcare, 2016–2026(USD Billion)
13. Global Long Term Care Insurance Marketby Hospice Care, 2016–2026(USD Billion)
14. Global Long Term Care Insurance Marketby Services Offered in Assisted Living Facilities, 2016–2026(USD Billion)
15. Global Long Term Care Insurance Marketby Adult Day Care, 2016–2026(USD Billion)
16. Global Long Term Care Insurance Marketby Respite Care, 2016–2026(USD Billion)
17. Global Long Term Care Insurance Marketby Community Facilities, 2016–2026(USD Billion)
18. Global Long Term Care Insurance Marketby Home Personal Care, 2016–2026(USD Billion)
19. Global Long Term Care Insurance Marketshare, by Region, 2019 and 2026
20. North America Long Term Care Insurance Market, 2016–2026(USD Billion)
21. Europe Long Term Care Insurance Market, 2016–2026(USD Billion)
22. Asia Pacific Long Term Care Insurance Market, 2016–2026(USD Billion)
23. Latin America Long Term Care Insurance Market, 2016–2026(USD Billion)
24. The Middle East and Africa Long Term Care Insurance Market, 2016–2026(USD Billion)
Table Of Tables
List of Tables
1. Global Long Term Care Insurance Market: snapshot
2. Drivers of the Long Term Care Insurance Market: impact analysis
3. North America Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
4. North America Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
5. The U.S. Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
6. The U.S. Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
7. Rest of North America Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
8. Rest of North America Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
9. Europe Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
10. Europe Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
11. UK Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
12. UK Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
13. France Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
14. France Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
15. Germany Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
16. Germany Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
17. Rest of Europe Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
18. Rest of Europe Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
19. Asia Pacific Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
20. Asia Pacific Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
21. China Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
22. China Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
23. Japan Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
24. Japan Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
25. India Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
26. India Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
27. Rest of Asia Pacific Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
28. Rest of Asia Pacific Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
29. Latin America Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
30. Latin America Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
31. Brazil Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
32. Brazil Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
33. Rest of Latin America Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
34. Rest of Latin America Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
35. The Middle East and Africa Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
36. The Middle East and Africa Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
37. Saudi Arabia Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
38. Saudi Arabia Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
39. South Africa Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
40. South Africa Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
41. Rest of the Middle East & Africa Long Term Care Insurance Market revenue, By Policy ,2016–2026(USD Billion)
42. Rest of the Middle East & Africa Long Term Care Insurance Market revenue, By Service,2016–2026(USD Billion)
Methodology
FrequentlyAsked Questions
Usually not covered by standard health insurance or Medicare, long-term care insurance is a kind of insurance meant to pay for the expenses of long-term care services. Long-term care is a spectrum of services designed to assist people with disabilities, chronic diseases, or aging-related ailments manage everyday activities including bathing, dressing, feeding, and mobility. Nursing homes, assisted living homes, or even a house could all be locations for this care.
One of the most important forces behind the long-term care insurance business is the worldwide aging population. The demand for long-term care services rises as people live longer, which motivates more people to think about long-term care insurance to pay for upcoming medical needs.
Zion Market Research has published a report on the global Long Term Care Insurance Market, estimating its value at USD 786.39 Billion in 2023, with projections indicating that it will reach USD 1464.39 Billion by 2032.
The market is expected to expand at a compound annual growth rate (CAGR) of 6.4% over the forecast period 2024-2032.
The expansion of long term care insurance in the Asia Pacific zone over the forecast timeline is due to thriving insurance sector in the countries such as India.
Key players profiled in the report include New York Life, Pacific Life, Lincoln Financial Group, Mutual of Omaha, Brighthouse Financial, OneAmerica Hybrid, GoldenCare, National Guardian Life, LTC Consumer, Minnesota Life, Transamerica, Nationwide, Thrivent, Bankers Life and Casualty, Prudential, UNUM, John Hancock, CNA, Genworth, AXA, State Life, and MassMutual.
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