PUBLISHER: Grand View Research | PRODUCT CODE: 1986633
PUBLISHER: Grand View Research | PRODUCT CODE: 1986633
The U.S. long term care market size was estimated at USD 503.42 billion in 2025 and is expected to reach USD 937.56 billion by 2033, growing at a CAGR of 8.2% from 2026 to 2033. The aging population in the U.S. is a key factor driving market growth. According to the Population Reference Bureau (PRB), number of Americans ages 65 and older is projected to increase from 58 million in 2022 to 82 million by 2050. The increasing life expectancy and recognition of the unmet needs of the elderly, which are not fulfilled by hospital settings, are also driving the growth of the market. Moreover, the high prevalence of chronic diseases among the geriatric population, such as Alzheimer's disease, diabetes, and hypertension, is highly contributing to the demand for long-term care services.
Over the last decade, the geriatric population in the U.S. has been rapidly rising. This is attributed to the advanced healthcare facilities, which increase life expectancy. Majority of elderly population in the U.S. is expected to require long term care services at some point in their lives, which, in turn, likely to boost the demand for long term care. As per the American Community Survey (ACS), 1614,440 adults require Long-Term Services and Supports (LTSS) in U.S. The following figure shows the % of adults on the basis of gender and age group requiring LTSS in U.S.
U.S. Long Term Care Market Report Segmentation
This report forecasts revenue growth, country level and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the U.S. long term care market report based on service, payer, and region.