Nursing and assisted living facilities market estimated at approximately $280 billion in 2003.

(PRWEB) February 27, 2004 -- Research and Markets announces the addition of the 2004 Long-Term Care Market Overview to its offerings.

The Centers for Medicare and Medicaid Services (CMS) have estimated that total healthcare spending in the U.S. will grow by 7% annually from 2002 through 2010. According to these estimates, healthcare expenditures will account for approximately $2.7 trillion of the U.S. gross domestic product by 2010. The nursing and assisted living facilities market is estimated at approximately $280 billion in 2003.

The aging of the population, due to aging of the baby boomer generation and increased life expectancies, is the primary driving force behind the nursing and assisted living facilities market. According to the U.S. Census Bureau, the number of Americans aged 65 or older is expected to climb to approximately 40 million by 2010 and to approximately 54 million by 2020.

This Market Overview includes the Industry's Overview and Trends, as well as profiles of approximately of 30 major industry participants.

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