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).
Report ID: Rn128638178 Published Date: March, 2025 Updated Date: April, 2025

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Therapeutic
    3. Market Snapshot, By Service
    4. Market Snapshot, By Payer
    5. Market Snapshot, By Region
  4. Global Long Term Care Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aging Population
        2. Rising Prevalence of Chronic Diseases
        3. Technological Advancements in Medical Devices
        4. Growing Preference for Home-Based Care
        5. Increasing Healthcare Expenditure
      2. Restraints
        1. High Cost of Long-Term Care Devices
        2. Reimbursement Challenges
        3. Regulatory Hurdles
        4. Limited Accessibility in Developing Regions
        5. Concerns Regarding Product Safety and Quality
      3. Opportunities
        1. Expansion in Emerging Markets
        2. Development of Innovative and Customized Devices
        3. Rising Demand for Remote Monitoring Solutions
        4. Strategic Partnerships and Collaborations
        5. Focus on Personalized and Patient-Centric Care
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Long Term Care Devices Market, By Type, 2021 - 2031 (USD Million)
      1. Therapeutic Devices
      2. Diagnostic Devices
      3. Mobility Assist devices
    2. Global Long Term Care Devices Market, By Therapeutic 2021 - 2031 (USD Million)
      1. Home Respiratory Equipment
      2. Insulin Delivery equipment
      3. Home IV Pumps
      4. Home Dialysis Equipment
      5. Other Therapeutic Equipment
    3. Global Long Term Care Devices Market, By Service, 2021 - 2031 (USD Million)
      1. Nursing Care
      2. Hospice
      3. Assisted Living Facilities
      4. Home Healthcare
    4. Global Long Term Care Devices Market, By Payer, 2021 - 2031 (USD Million)
      1. Public
      2. Private
      3. Out-of-Pocket
    5. Global Long Term Care Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Invacare Corporation
      2. Hill-Rom Holdings, Inc.
      3. Stryker Corporation
      4. Medline Industries, Inc.
      5. Drive DeVilbiss Healthcare
      6. Linde plc
  7. Analyst Views
  8. Future Outlook of the Market