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DeVry University, Chicago *

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Health Science

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Feb 20, 2024

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Genre: Proposal to Increase the number of AFH (Adult Family Home) in Spokane Valley My Community: Adult Family Home Audience: Washington State DSHS Let’s start by explaining the market Source: https://www.ownyourfuturetexas.org/understanding-long-term-care/

There is a non-negligible increase in people 65 and older in my community. Source: https://www.ownyourfuturetexas.org/understanding-long-term-care/ The high prevalence of target diseases, especially Alzheimer's, heart disease, Parkinson's disease, and other dementias, in the U.S. is expected to drive market growth. According to the CDC, 6 of 10 adults in the U.S. have a chronic disease. This only means that the demand will grow exponentially in the coming years. In the image below we can see how fast the long-term care market is growing showing the increase in demand for placement nationwide.

Source : https://www.grandviewresearch.com/industry-analysis/us-long-term-care-ltc-market

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Source : https://www.grandviewresearch.com/industry-analysis/us-long-term-care-ltc-market The U.S. long-term care market size is expected to reach USD 779.4 billion by 2030, expanding at a CAGR of 5.97% Market Driver Analysis:  Growing geriatric population  Increasing prevalence of target diseases, especially Alzheimer's and other dementias  Increasing employment of women  Technological development  Increasing government involvement in therapeutic and vaccination in LTC facilities Market Restraint Analysis:

Lack of Long-term care facilities In light of all of this, we need to increase the infrastructure in the community to help the ever- increasing elderly population.

References: About chronic diseases | CDC . (n.d.). https://www.cdc.gov/chronicdisease/about/index.htm Long-Term Care Market Size, Share & Trends analysis Report By service (Nursing care, hospice, assisted living facilities, home healthcare), by payer (Public, Private, Out-of- Pocket), by region, and segment Forecasts, 2024 - 2030 . (2024, January 31). https://www.grandviewresearch.com/industry-analysis/long-term-care-services-market Own Your Future | Texas Long-Term Care Partnership . (n.d.). Own Your Future | Texas Long- Term Care Partnership. https://www.ownyourfuturetexas.org/understanding-long-term- care/

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