Report ID: SQMIG40M2001
Report ID:
SQMIG40M2001 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
113 |
Figures:
75
Global Long-Term Care Insurance Market size was valued at USD 21.20 billion in 2022 and is poised to grow from USD 23.81 billion in 2023 to USD 60.22 billion by 2031, growing at a CAGR of 12.3% in the forecast period (2024-2031).
The forecast period anticipates a substantial expansion in the long-term care insurance market, predominantly driven by two key factors: the burgeoning aging population and an extended life expectancy. As this demographic continues to grow, so does the prevalence of age-related ailments, which serves as a significant catalyst propelling market growth. Moreover, the heightened occurrence of these conditions not only underscores the necessity for long-term care but also alleviates financial strains on families.
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Report ID: SQMIG40M2001