Global Nursing and Residential Care Market, By Service Type (Home Health Care Providers, Nursing Care Facilities, Group Care Homes, Retirement Communities), End User Gender (Female Nursing Care, Male Nursing Care, Others), Type of Expenditure (Public Expenditure, Private Expenditure), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Nursing and Residential Care Market
Nursing and residential care market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 8.80% in the above-mentioned forecast period. The increasing knowledge of the benefits of nursing and residential treatment among patients would further generate lucrative opportunities for market development.
Nursing care refers to collaborative and autonomous care by trained individuals or nurses for individuals of all ages, classes, communities and families. They are competent practitioners who encourage wellbeing and avoid illnesses while help patients deal with disease and offer medical procedures to help patients. It is the duty of nurses to examine patients, provide prescriptions and therapies. Nurses also create nursing care plans and manage them and includes approaches of personalized care with more safety, convenience and comfort.
Surging volume of patients suffering from physical disabilities, increasing prevalence of geriatric population across the globe, increasing busy as well as sedentary lifestyle of the people, changes in social pattern as rising preferences towards nuclear families and increasing female labour participation, increasing number of health insurance reforms are some of the major as well as important factors which will likely to augment the growth of the nursing and residential care market in the projected timeframe of 2021-2028. On the other hand, adoption of internet of things solutions to deliver better quality services along with rising demand of custom care packages as it offer high degree of flexibility of services which will further contribute by generating immense opportunities that will led to the growth of the nursing and residential care market in the above mentioned projected timeframe.
Lack of skilled human resources along with high cost of healthcare services which will likely to act as market restraints factor for the growth of the nursing and residential care in the above mentioned projected timeframe. Lack of reimbursement policies in developing economies which will become the biggest and foremost challenge for the growth of the market.
This nursing and residential care market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on nursing and residential care market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Nursing and Residential Care Market Scope and Market Size
Nursing and residential care market is segmented on the basis of service type, end user gender, and type of expenditure. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on service type, nursing and residential care market is segmented into home health care providers, nursing care facilities, group care homes, and retirement communities.
- On the basis of type of expenditure, nursing and residential care market is segmented into public expenditure, and private expenditure.
- Nursing and residential care market has also been segmented based on the end user gender into female nursing care, and male nursing care, others.
Nursing and Residential Care Market Country Level Analysis
Nursing and residential care market is analysed and market size insights and trends are provided by country, service type, type of expenditure, and end user gender as referenced above.
The countries covered in the nursing and residential care market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The U.S. dominates the North America nursing and residential care market due to the increasing occurrences of diseases along with growing number of healthcare expenditure in the region, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2021 to 2028 due to the increasing prevalence of geriatric population along with increasing concern regarding better healthcare services in the region.
The country section of the nursing and residential care market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Nursing and residential care market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for nursing and residential care market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the nursing and residential care market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Nursing and Residential Care Market Share Analysis
Nursing and residential care market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to nursing and residential care market.
The major players covered in the nursing and residential care market report are Genesis HealthCare; Kaiser Foundation Health Plan of Washington; Brookdale Senior Living; Kindred Healthcare, LLC; The Ensign Group, Inc.; Encompass Health Corporation; Memorial Sloan Kettering Cancer Center; ParaMed.; Bayshore HealthCare; Canadian Back Institute Operating Limited Partnership; EXTENDICARE.; BASIN HOME HEALTH & HOSPICE; 3C Care Agency; Manorcourt Homecare; Able Community Care Ltd; Care UK; Helping Hands Home Care; The Good Care Group.; Allied Healthcare; Ark Care & Nursing Agency.; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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