Demand for long-term care facilities is strong and future prospects continue to look positive for services such as assisted living, nursing homes, and home care, according to a new report from market researcher Kalorama Information. The report estimates the U.S. long-term care market to be worth $258 billion in 2010.
According to Kalorama, home care and assisted living services have experienced the highest rate of growth and will continue to do so as the elderly population increases. Overall the market is expected to grow an average of 5-6% annually for the next five years.
The report, “Long Term Care Market: Nursing Homes, Home Care, Hospice Care, and Assisted Living,” is available from Kalorama Information here.