CAGR of 8.6%, Long-Term Care Devices Market | Home Healthcare and Assisted Living Facilities to be Largest Revenue-generating Application Segment – Market.us
Pune, Maharashtra, India, September 20 2022 (Wiredrelease) Prudour Pvt. Ltd –:Global Long-Term Care Devices Market: Introduction
The global long term care devices market size was valued at USD 141.5 billion in 2018 and is expected to grow at a CAGR of 8.6% over the forecast period.
According to Market.us, Long-Term Care Devices market come up with a holistic analysis [2015-2021], market size and forecast [2022-2032], trends, growth drivers, and challenges, as well as vendor analysis covering vendors. Market.us latest data shows that, regionally, in 2021, North America will be the biggest Long-Term Care Devices market, with the US, Canada and Mexico all experiencing nominal [2022-2031] CAGR above the global average.
Due to an aging population, the market is expected to expand rapidly. This creates a patient pool that seeks long-term care at home or at-home skilled nursing facilities. This will increase the demand for mobility and diagnostic devices, as well as therapeutic and diagnostic devices. In addition, the increasing prevalence of chronic diseases like diabetes and other chronic conditions has led to an increase in people who need Long-term care (LTC), which aids growth. Growth is also being boosted by the increase in government funding and increased collaboration between private insurers and government.
Identify the key factors that will drive your company’s growth. Request a brochure of this report here: https://market.us/report/long-term-care-devices-market/request-sample/
MARKET DYNAMICS
The market for long term care devices (LTC) is expected to grow over the forecast period due to rising prevalence of chronic diseases, increasing geriatric population, and increased adoption of home-based healthcare. Market growth will be aided by the growing collaboration between private and government insurers.
This report provides valuable information to shareholders, new entrants, frontrunners, and shareholders. It helps them formulate strategies for the future, as well as take the necessary steps to strengthen their market position. The report includes graphical representations and tabular representations to provide an in-depth analysis of every segment as well as their sub-segments. This report is intended to aid market players, investors, new entrants, and others in formulating strategies based on the fastest-growing segments and highest revenue generation. Market.us data from the latest shows that North America in 2021 will be the largest Long-Term Care Devices market. Mexico, Canada and the US are experiencing nominal CAGRs of [2022-2031] above the global average.
Long-Term Care Devices Market – Competitive Landscape
MIR Medical International Research USA Inc.
A&D Medical
Abbott
Mondial Lifeguard Technologies
Nurse Assist Inc.
Personal Safety Corp.
Medical Automation Research Center
Oregon Health & Science University
Nipro Diagnostics Inc.
3M
MedReady Inc.
Philips Lifeline
Roland Inc.
Care Electronics Inc.
Care Trak Intl.
Aerotel Medical Systems
Aethra
Competitive Benchmarking
Competitive benchmarking allows you to see how your competitors are doing and compare it to your company’s. Market.us professionals assist our stakeholders in keeping track of competitors, identifying improvement areas, increasing profits, and designing better go-to-market strategies.
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Long-Term Care Devices Market Segmentation
Based on the type, the Long-Term Care Devices market is segmented into
Assistive Devices
Safety Mornitoring
Fall-Management Devices
Medication-Management Devices
Smart Mobility Devices
Based on the application, the Long-Term Care Devices market is segmented into
Community-based Care
Home Healthcare
Assisted Living Facilities
Nursing Homes
Market Breakup by Region:
– North America (United States, Canada)
– Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
– Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
– Latin America (Brazil, Mexico, Others)
– The Middle East and Africa
Market Report Coverage and Deliverables will help you to understand:
1. Company revenue shares | revenue (US$ Mn)
2. Upcoming Regional opportunities
3. Latest trends & Market dynamics
4. Competitive benchmarking
5. Key Financial Charts
Grab the full detailed report here: https://market.us/report/long-term-care-devices-market/
Key Questions Answered in This Report:
Q1. What is the market size of Long-Term Care Devices?
Q2. What are the elements of retail Long-Term Care Devices?
Q3. What are the key decision drivers for service buyers?
Q4. How can we accelerate our bidding process?
Q5. What is the potential of the Long-Term Care Devices Market?
Q6. Who are the prominent players in Long-Term Care Devices Market?
Q7. What are the different types of Long-Term Care Devices market?
Q8. What are the top strategies that companies adopt in Long-Term Care Devices Market?
Q9. What is the future of Long-Term Care Devices?
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