- Nursing homes and long-term care facilities are essential components of the healthcare continuum, offering residential care and medical support for individuals with chronic illnesses, disabilities, or aging-related conditions. These facilities provide a combination of healthcare services and assistance with daily activities to ensure a safe, supportive living environment
- The demand for long-term care is significantly driven by the growing elderly population, increasing prevalence of neurodegenerative diseases such as Alzheimer’s and Parkinson’s, and rising incidences of chronic conditions like heart disease, diabetes, and arthritis
- The North America region stands out as one of the dominant regions for nursing homes and long-term care facilities, attributed to its well-established insurance systems, higher healthcare expenditure, and expanding base of geriatric patients
- For instance, the number of individuals aged 65 and older in the U.S. continues to grow rapidly. This demographic shift is prompting both public and private investment in long-term care infrastructure, from skilled nursing facilities to assisted living communities
- Globally, long-term care facilities are regarded as one of the most critical segments within the eldercare ecosystem, second only to in-home care services. They play a pivotal role in addressing complex medical needs, reducing hospital readmissions, and enhancing quality of life for aging individuals
