Global Long-Term Care Insurance Market Research Report to 2027 - Featuring Ameriprise Financial, Capgemini and Continental Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Sep 28, 2022--

The "Long-Term Care Insurance Market Research Report by Type, Plans, Age Group, Offerings, Channel, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Long-Term Care Insurance Market size was estimated at USD 25.67 billion in 2021, USD 27.55 billion in 2022, and is projected to grow at a CAGR 7.48% to reach USD 39.59 billion by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Long-Term Care Insurance Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Long-Term Care Insurance Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Long-Term Care Insurance Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Long-Term Care Insurance Market?

4. What is the competitive strategic window for opportunities in the Global Long-Term Care Insurance Market?

5. What are the technology trends and regulatory frameworks in the Global Long-Term Care Insurance Market?

6. What is the market share of the leading vendors in the Global Long-Term Care Insurance Market?

7. What modes and strategic moves are considered suitable for entering the Global Long-Term Care Insurance Market?

Market Dynamics

Drivers

• Increasing Geriatric Population & Rise in the Prevalence of Chronic Conditions
• Advancements in Technology Such as Integration of Artificial Intelligence in Remote Patient Monitoring
• Lack of Availability of Family Members due to Rise in the Number of Working Populations
• Increasing Disabled Population and Dearth of Skilled Nursing Staff

Restraints

• Lack of Security and Individual Willingness

Opportunities

• Presence of Major Service Providers Coupled with Well-Established Healthcare Infrastructure
• Increasing Investments by Prominent Long Term Care Players

Challenges

• Concerns Over Affordability, Awareness, and Accessibility

Companies Mentioned

• ACSIA Partners LLC
• Allstate Insurance Company
• Ameriprise Financial, Inc.
• Capgemini SE
• Continental AG
• Dow Jones & Company, Inc.
• GoldenCare USA, Inc.
• John Hancock Financial Services Inc
• Lampo Licensing, LLC
• Lincoln National Corporation
• LTC Financial Solutions LLC
• LTCRplus
• Massachusetts Mutual Life Insurance Company
• MassMutual International LLC
• MedAmerica Inc.
• MetLife Services and Solutions, LLC
• Mutual of Omaha Insurance Company
• Nationwide Mutual Insurance Company
• New York Life Insurance Company
• Northwestern Mutual Company
• Raymond James Financial, Inc.
• State Farm Life Insurance Co
• Transamerica Corporation

For more information about this report visit https://www.researchandmarkets.com/r/d8mhrf

View source version on businesswire.com:https://www.businesswire.com/news/home/20220928005486/en/

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KEYWORD:

INDUSTRY KEYWORD: INSURANCE PROFESSIONAL SERVICES

SOURCE: Research and Markets

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