Report ID: SQMIG40M2001
Report ID:
SQMIG40M2001 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
113 |
Figures:
75
In 2022, North America emerged as the leader in long-term care (LTC) revenue, securing the largest share at 49.3%. This regional dominance is attributed to several key factors, including the widespread availability of long-term care centers, a continuously improving reimbursement framework, and favorable government policies supporting this sector.
In the Asia Pacific region, long-term care (LTC) predominantly relies on familial support structures. The Asian Development Bank's 2022 report underscores this trend, revealing that in Thailand, a staggering 90% of elderly individuals in need of care receive it primarily from family members. This highlights the deeply ingrained cultural and familial norms wherein caregiving for the elderly remains a responsibility shouldered by families within the region.
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Report ID: SQMIG40M2001