Global Long Term Care Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Therapeutic Devices, Diagnostic Devices, and Mobility Assist Devices.By Therapeutic;
Home Respiratory Equipment, Insulin Delivery Equipment, Home IV Pumps, Home Dialysis Equipment, and Other Therapeutic Equipment.By Service;
Nursing Care, Hospice, Assisted Living Facilities, and Home Healthcare.By Payer;
Public, Private, and Out-of-Pocket.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Long Term Care Devices Market (USD Million), 2021 - 2031
In the year 2024, the Global Long Term Care Devices Market was valued at USD 25,375.85 million. The size of this market is expected to increase to USD 44,918.86 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.5%.
The global long-term care devices market encompasses a wide range of medical equipment and assistive devices designed to support individuals with chronic illnesses, disabilities, or age-related conditions in their daily activities and healthcare needs. These devices play a crucial role in facilitating independence, enhancing quality of life, and enabling patients to receive care and support in various settings, including homes, nursing facilities, and assisted living communities. As the global population continues to age and the prevalence of chronic diseases rises, there is a growing demand for long-term care devices to address the evolving healthcare needs of elderly and disabled individuals worldwide.
Key drivers shaping the global long-term care devices market include the increasing geriatric population, rising prevalence of chronic diseases, and expanding healthcare infrastructure in emerging economies. With advancements in medical technology and improvements in healthcare delivery systems, there is a growing emphasis on home-based and community-based care as cost-effective alternatives to institutionalized care settings. Long-term care devices such as mobility aids, patient transfer equipment, and respiratory care devices enable individuals to age in place and receive care in familiar surroundings, contributing to improved patient outcomes and reduced healthcare costs.
The COVID-19 pandemic has underscored the importance of long-term care devices in ensuring continuity of care and protecting vulnerable populations. The pandemic has accelerated the adoption of telehealth solutions, remote monitoring devices, and other assistive technologies to support remote caregiving and minimize the risk of infection transmission in healthcare settings. As healthcare systems adapt to the challenges posed by the pandemic and invest in innovative care delivery models, the global long-term care devices market is poised for continued growth and innovation in meeting the evolving needs of patients and caregivers alike.
Global Long Term Care Devices Market Recent Developments
- In September 2023, Singapore Life Limited partnered with the Agency for Integrated Care (AIC) and Homage to enhance accessibility to long-term care services for customers in Singapore.
- In May 2023, Omega Healthcare acquired 18 skilled nursing home facilities in West Virginia for USD 233 million. This acquisition strengthens Omega Healthcare's capabilities and ensures efficient operations.
Segment Analysis
The global long-term care devices market is segmented by type into therapeutic devices, diagnostic devices, and mobility assist devices. Therapeutic devices hold a significant share due to the rising prevalence of chronic diseases and the growing need for continuous care at home. Diagnostic devices are also seeing increased adoption with the integration of remote monitoring technologies, enabling early detection and management of health conditions. Meanwhile, mobility assist devices are gaining traction due to the aging population and increasing demand for solutions that enhance patient independence.
Within the therapeutic devices segment, home respiratory equipment, insulin delivery equipment, home IV pumps, home dialysis equipment, and other therapeutic equipment dominate the market. Home respiratory equipment, particularly oxygen concentrators and ventilators, has witnessed substantial demand due to the rise in respiratory disorders. Similarly, insulin delivery equipment and home IV pumps are experiencing growth due to the increasing number of diabetes and chronic illness patients. Home dialysis equipment is becoming more popular, driven by patient preference for at-home care and the convenience it provides.
In terms of service, the market is divided into nursing care, hospice, assisted living facilities, and home healthcare. Home healthcare services are expanding rapidly, fueled by the desire for in-home treatment and the convenience of remote healthcare technologies. Nursing care and hospice services continue to be crucial, particularly for patients requiring continuous medical attention. Assisted living facilities are also on the rise, with a growing number of elderly individuals seeking community-based care environments that offer both medical and social support.
By geography, North America dominates the market due to its advanced healthcare infrastructure and high adoption of long-term care devices. Europe follows closely, driven by a growing elderly population and increased healthcare expenditure. Asia Pacific is expected to witness the fastest growth, attributed to rising awareness, increasing healthcare investments, and a large aging population. The Middle East and Africa, along with Latin America, are also experiencing gradual market expansion as healthcare infrastructure improves and awareness of long-term care devices grows in these regions.
Global Long Term Care Devices Segment Analysis
In this report, the Global Long Term Care Devices Market has been segmented by Type, Therapeutic and Geography.
Global Long Term Care Devices Market, Segmentation by Type
The Global Long Term Care Devices Market has been segmented by Type into Therapeutic Devices, Diagnostic Devices and Mobility Assist Devices.
The global long-term care devices market is segmented by type, reflecting the diverse array of medical equipment and assistive devices designed to support individuals with chronic illnesses, disabilities, or age-related conditions. One significant segment within this market encompasses mobility aids, including wheelchairs, scooters, walkers, and canes, which assist individuals with mobility impairments in performing daily activities and navigating their environments. These devices play a crucial role in enhancing independence, improving quality of life, and facilitating community participation for individuals with mobility limitations.
Another prominent segment in the global long-term care devices market comprises patient support and positioning devices, which include hospital beds, patient lifts, pressure relief mattresses, and positioning cushions. These devices are essential for providing comfort, preventing pressure ulcers, and ensuring proper alignment and support for individuals with limited mobility or who are bedridden. Patient support and positioning devices are widely used in hospitals, long-term care facilities, and home care settings, where they contribute to patient safety, comfort, and well-being while reducing the risk of complications associated with immobility.
The market includes segments such as respiratory care devices, bathroom safety devices, and medical furniture, each serving specific needs within the long-term care continuum. Respiratory care devices, including oxygen therapy equipment, ventilators, and nebulizers, support individuals with respiratory conditions in managing their symptoms and improving respiratory function. Bathroom safety devices, such as grab bars, shower chairs, and raised toilet seats, help individuals with mobility limitations maintain independence and safety while performing personal hygiene tasks. Medical furniture, including patient chairs, examination tables, and overbed tables, provides comfort and functionality for patients and caregivers in healthcare facilities and home care settings. As the global population ages and the prevalence of chronic diseases rises, the demand for long-term care devices across these diverse segments is expected to grow, driving innovation and expansion in the market.
Global Long Term Care Devices Market, Segmentation by Therapeutic
The Global Long Term Care Devices Market has been segmented by Therapeutic 2016 - 2026 (USD Million) into Home Respiratory Equipment, Insulin Delivery Equipment, Home IV Pumps, Home Dialysis Equipment and Other Therapeutic Equipment.
The global long-term care devices market is segmented by therapeutic area, reflecting the diverse range of medical conditions and healthcare needs addressed by long-term care devices. One significant segment within this market encompasses devices for wound care and management, including wound dressings, negative pressure wound therapy systems, and compression therapy devices. These devices play a crucial role in promoting wound healing, preventing infections, and managing chronic wounds such as pressure ulcers, diabetic ulcers, and venous leg ulcers, particularly in elderly and immobile individuals.
Another prominent segment in the global long-term care devices market comprises devices for respiratory therapy and management, including oxygen therapy equipment, continuous positive airway pressure (CPAP) devices, and mechanical ventilators. These devices are essential for individuals with respiratory conditions such as chronic obstructive pulmonary disease (COPD), sleep apnea, and respiratory failure, providing support for breathing, oxygenation, and airway clearance. Respiratory therapy devices help improve respiratory function, alleviate symptoms, and enhance quality of life for patients with chronic respiratory conditions, enabling them to maintain independence and participate in daily activities.
The market includes segments such as devices for pain management, diabetes management, and rehabilitation therapy, each addressing specific therapeutic needs within the long-term care continuum. Pain management devices, including transcutaneous electrical nerve stimulation (TENS) units, nerve blocks, and infusion pumps, help alleviate pain and discomfort in individuals with chronic pain conditions. Diabetes management devices, such as insulin pumps, continuous glucose monitoring (CGM) systems, and insulin pens, assist individuals with diabetes in monitoring blood glucose levels, administering insulin, and managing their condition effectively. Rehabilitation therapy devices, including physical therapy equipment, occupational therapy aids, and assistive devices, support individuals in regaining mobility, function, and independence following illness, injury, or surgery. As the prevalence of chronic diseases and age-related conditions continues to rise globally, the demand for long-term care devices across these therapeutic areas is expected to grow, driving innovation and expansion in the market.
Global Long Term Care Devices Market, Segmentation by Service
The Global Long Term Care Devices Market has been segmented by Service into Nursing Care, Hospice, Assisted Living Facilities, and Home Healthcare.
The global long-term care devices market has been categorized based on the service types provided to individuals in need of long-term care. Nursing care is one of the significant segments, providing professional healthcare services in a residential setting for individuals with chronic illnesses or disabilities. These services are designed to offer medical assistance, rehabilitation, and other health-related services to improve the quality of life for patients who require ongoing care. The nursing care segment includes hospitals, skilled nursing facilities, and specialized care homes that are equipped with the necessary medical devices to monitor and manage patients’ health.
Hospice care is another essential service segment within the long-term care devices market, focusing on providing comfort and care to terminally ill patients. Hospice services aim to improve the quality of life during the final stages of life by addressing physical, emotional, and spiritual needs. This segment relies heavily on medical devices that help manage pain, symptoms, and overall patient comfort. The market for hospice care devices continues to grow as the demand for palliative care increases globally, driven by aging populations and greater awareness of end-of-life care options.
Assisted living facilities and home healthcare services are also vital components of the global long-term care devices market. Assisted living facilities provide a combination of housing, personal care services, and healthcare for individuals who require assistance with daily activities but do not need 24-hour medical supervision. Home healthcare, on the other hand, delivers healthcare services in the comfort of the patient's home, allowing for personalized care and improving patient outcomes. Both segments rely on a variety of medical devices such as monitoring equipment, mobility aids, and therapeutic devices to ensure the safety and well-being of patients. The shift towards home healthcare, in particular, has gained momentum due to the growing preference for home-based care solutions and technological advancements in telemedicine and remote monitoring.
Global Long Term Care Devices Market, Segmentation by Payer
The Global Long Term Care Devices Market has been segmented by Payer into Public, Private, and Out-of-Pocket.
The Global Long Term Care Devices Market has been segmented based on payer types, which include public, private, and out-of-pocket categories. Public payers generally include government-funded programs such as Medicare and Medicaid, which provide coverage for long-term care devices. In many regions, public payer programs play a significant role in facilitating access to these devices for individuals in need, particularly in countries with robust public healthcare systems. The public payer segment is expected to grow due to increasing aging populations and the rising demand for long-term care solutions.
Private payers include private insurance companies and employer-sponsored health plans. Many individuals with private health insurance rely on their coverage for long-term care needs, which includes devices designed to assist with mobility, monitoring health conditions, and improving the quality of life for patients. This segment is expected to witness steady growth as more people opt for private health insurance, especially in countries where private coverage is more prevalent than public healthcare programs.
The out-of-pocket segment refers to individuals who directly pay for long-term care devices without the assistance of insurance coverage. This segment often consists of those who do not qualify for government aid or have limited private insurance coverage. As the cost of healthcare continues to rise, the out-of-pocket segment can be a significant source of revenue for the market. Additionally, as the elderly population grows and more individuals are required to pay for long-term care services, the out-of-pocket segment is expected to see a gradual increase in demand for long-term care devices.
Global Long Term Care Devices Market, Segmentation by Geography
In this report, the Global Long Term Care Devices Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Long Term Care Devices Market Share (%), by Geographical Region, 2024
In the preceding year, the distribution of market share across different geographical regions has delineated notable trends within the global long-term care devices market. North America emerged as a prominent leader in market share, attributed to factors such as robust healthcare infrastructure, high healthcare expenditure, and a large population of elderly individuals with chronic conditions. The region's advanced medical facilities and favorable reimbursement policies have facilitated the adoption of long-term care devices, driving market growth and innovation in patient care solutions.
Europe also commanded a significant share of the global long-term care devices market, buoyed by factors such as the aging population, increasing prevalence of chronic diseases, and strong regulatory frameworks governing medical device approvals. Countries within the European Union, such as Germany, France, and the UK, have witnessed substantial investments in healthcare infrastructure and technology, fostering a conducive environment for the uptake of long-term care devices. Moreover, strategic initiatives aimed at improving long-term care services and enhancing patient outcomes have contributed to the region's robust market presence.
The Asia Pacific region demonstrated considerable growth potential in the global long-term care devices market, driven by factors such as rising healthcare expenditure, expanding geriatric population, and increasing awareness of chronic disease management. Countries such as China, Japan, and India have witnessed rapid advancements in healthcare infrastructure and technology, creating opportunities for market players to expand their presence in the region. Moreover, initiatives aimed at improving access to healthcare services, promoting home-based care solutions, and addressing the healthcare needs of aging populations have stimulated demand for long-term care devices, shaping the market landscape in the Asia Pacific region.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Long Term Care Devices Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers:
- Aging Population
- Rising Prevalence of Chronic Diseases
- Technological Advancements in Medical Devices
- Growing Preference for Home-Based Care
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Increasing Healthcare Expenditure- The increasing healthcare expenditure worldwide has been a significant driver in the global long-term care devices market. As countries allocate more resources towards healthcare, there is a corresponding rise in demand for long-term care devices to address the evolving needs of aging populations and individuals with chronic illnesses or disabilities. With a greater focus on improving healthcare outcomes and enhancing patient care, healthcare systems are investing in advanced medical technologies, including long-term care devices, to provide comprehensive and effective care solutions.
The growing healthcare expenditure allows for greater accessibility and affordability of long-term care devices, enabling a wider segment of the population to benefit from these essential medical aids. This increased investment in healthcare infrastructure, research and development, and healthcare services translates into greater availability of long-term care devices in healthcare facilities, long-term care settings, and home care environments. As healthcare expenditure continues to rise globally, driven by factors such as population aging, increasing prevalence of chronic diseases, and advancements in medical technology, the demand for long-term care devices is expected to grow, contributing to market expansion and innovation in patient care solutions.
Restraints:
- High Cost of Long-Term Care Devices
- Reimbursement Challenges
- Regulatory Hurdles
- Limited Accessibility in Developing Regions
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Concerns Regarding Product Safety and Quality- Concerns regarding product safety and quality are paramount in the global long-term care devices market, as these devices directly impact the health and well-being of patients. With the increasing complexity and diversity of long-term care devices, there is a heightened focus on ensuring that these products meet stringent safety standards and quality regulations. Regulatory agencies play a crucial role in overseeing the manufacturing, distribution, and use of long-term care devices, imposing rigorous requirements to safeguard patient safety and mitigate risks associated with device malfunction or failure.
The growing prevalence of counterfeit and substandard long-term care devices has raised significant concerns among healthcare professionals, regulators, and consumers. Counterfeit devices pose serious risks to patient safety, as they may not meet established quality standards or undergo proper testing and validation processes. To address these concerns, stakeholders in the long-term care devices market are collaborating with regulatory authorities to enhance surveillance and enforcement measures, strengthen supply chain integrity, and improve product traceability. By prioritizing product safety and quality assurance initiatives, industry players can build trust, uphold reputation, and ensure the delivery of safe and effective long-term care solutions to patients worldwide.
Opportunities:
- Expansion in Emerging Markets
- Development of Innovative and Customized Devices
- Rising Demand for Remote Monitoring Solutions
- Strategic Partnerships and Collaborations
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Focus on Personalized and Patient-Centric Care- In the global long-term care devices market, there is a growing emphasis on personalized and patient-centric care approaches, reflecting a shift towards individualized treatment strategies tailored to meet the unique needs and preferences of patients. Recognizing that each patient has distinct healthcare requirements, stakeholders in the market are increasingly adopting a personalized care model that prioritizes patient empowerment, engagement, and autonomy. This personalized approach extends to the selection and use of long-term care devices, with healthcare providers and manufacturers striving to offer a diverse range of customizable solutions that address specific patient needs and preferences.
The focus on personalized and patient-centric care is driving innovation in the design, development, and delivery of long-term care devices, with an emphasis on enhancing usability, comfort, and functionality to improve patient outcomes and quality of life. Manufacturers are integrating patient feedback, ergonomic principles, and user-centered design methodologies into the development process to create devices that are intuitive, easy to use, and tailored to individual patient needs. By prioritizing personalized care solutions, stakeholders in the long-term care devices market aim to empower patients, enhance their independence, and optimize their overall care experience, ultimately leading to better health outcomes and greater patient satisfaction.
Competitive Landscape Analysis
Key players in Global Long Term Care Devices Market include:
- Invacare Corporation
- Hill-Rom Holdings, Inc.
- Stryker Corporation
- Medline Industries, Inc.
- Drive DeVilbiss Healthcare
- Linde plc
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Therapeutic
- Market Snapshot, By Service
- Market Snapshot, By Payer
- Market Snapshot, By Region
- Global Long Term Care Devices Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Aging Population
- Rising Prevalence of Chronic Diseases
- Technological Advancements in Medical Devices
- Growing Preference for Home-Based Care
- Increasing Healthcare Expenditure
- Restraints
- High Cost of Long-Term Care Devices
- Reimbursement Challenges
- Regulatory Hurdles
- Limited Accessibility in Developing Regions
- Concerns Regarding Product Safety and Quality
- Opportunities
- Expansion in Emerging Markets
- Development of Innovative and Customized Devices
- Rising Demand for Remote Monitoring Solutions
- Strategic Partnerships and Collaborations
- Focus on Personalized and Patient-Centric Care
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Long Term Care Devices Market, By Type, 2021 - 2031 (USD Million)
- Therapeutic Devices
- Diagnostic Devices
- Mobility Assist devices
- Global Long Term Care Devices Market, By Therapeutic 2021 - 2031 (USD Million)
- Home Respiratory Equipment
- Insulin Delivery equipment
- Home IV Pumps
- Home Dialysis Equipment
- Other Therapeutic Equipment
- Global Long Term Care Devices Market, By Service, 2021 - 2031 (USD Million)
- Nursing Care
- Hospice
- Assisted Living Facilities
- Home Healthcare
- Global Long Term Care Devices Market, By Payer, 2021 - 2031 (USD Million)
- Public
- Private
- Out-of-Pocket
- Global Long Term Care Devices Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia/New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Long Term Care Devices Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Invacare Corporation
- Hill-Rom Holdings, Inc.
- Stryker Corporation
- Medline Industries, Inc.
- Drive DeVilbiss Healthcare
- Linde plc
- Company Profiles
- Analyst Views
- Future Outlook of the Market