8.6% CAGR, long-term care devices market | Home healthcare and assisted living facilities will be the 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% during the forecast period.

According to Market.us, the Long Term Care Devices Market offers a holistic analysis [2015-2021]market size and forecast [2022-2032], trends, growth drivers and challenges, as well as vendor analysis covering vendors. The latest data from Market.us shows that regionally, in 2021, North America will be the largest market for long-term care devices, with the United States, Canada and Mexico all seeing nominal growth. . [2022-2031] CAGR higher than the global average.

Due to the aging population, the market is expected to grow rapidly. This creates a pool of patients seeking long-term care at home or in skilled nursing home facilities. This will increase the demand for mobility and diagnostic devices, as well as therapeutic and diagnostic devices. Additionally, the increasing prevalence of chronic conditions like diabetes and other chronic illnesses has led to an increase in the number of people requiring long-term care (LTC), which is driving growth. Growth is also being spurred by increased public funding and increased collaboration between private insurers and government.

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MARKET DYNAMICS

The long-term care (LTC) devices market is expected to grow over the forecast period owing to the growing prevalence of chronic diseases, growing geriatric population, and increased adoption of healthcare at residence. Market growth will be aided by the increasing collaboration between private and public insurers.

This report provides valuable information to shareholders, new entrants, early adopters and shareholders. It helps them formulate strategies for the future and take the necessary steps to strengthen their position in the market. The report includes graphical representations and tabular representations to provide an in-depth analysis of each segment along with their sub-segments. This report is intended to help market players, investors, new entrants and others formulate strategies based on the fastest growing and highest revenue generating segments. The latest data from Market.us shows that North America in 2021 will be the largest market for long-term care devices. Mexico, Canada and the United States have nominal CAGRs of [2022-2031] above the world average.

Long Term Care Devices Market – Competitive Landscape

MIR Medical International Research USA Inc.
A&D Medical
Abbott
Mondial Lifeguard Technologies
Nursing Aid Inc.
personal security company
Medical Automation Research Center
Oregon Health and Science University
Nipro Diagnostics Inc.
3M
MedReady Inc.
Philips lifeline
Roland Inc.
Electronic Care Inc.
CareTrak Intl.
Aerotel medical systems
Ethra

Competitive Benchmarking

Competitive benchmarking allows you to see how your competitors are doing and compare them to those of your business. Market.us professionals help our stakeholders track competitors, identify areas for improvement, increase profits, and design better go-to-market strategies.

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Long Term Care Devices Market Segmentation

Based on Type, the Long Term Care Devices market is segmented into

Assistive devices
Security Monitoring
Fall Management Devices
Medication Management Devices
Smart mobility devices

On the basis of application, the long term care devices market is segmented into

Community care
Home care
Service flats
Retirement homes

Market Breakdown 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 understand:

1. Company revenue shares | revenue (US$ million)

2. Upcoming regional opportunities

3. Latest market trends and dynamics

4. Competitive Benchmarking

5. Key Financial Tables

Grab the full detailed report here: https://market.us/report/long-term-care-devices-market/

Answers to key questions in this report:

Q1. What is the market size for long-term care devices?

Q2. What are the components of retail long-term care devices?

Q3. What are the main decision factors for service buyers?

Q4. How can we speed up our bidding process?

Q5. What is the potential of the long term care devices market?

Q6. Who are the key players in the Long Term Care Devices market?

Q7. What are the different types of Long Term Care Devices Market?

Q8. What are the key strategies adopted by companies in the Long Term Care Devices market?

Q9. What is the future of long-term care devices?

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