Nursing Care Services Market is Expected to Reach Around US $ XX Bn by 2025, Due to Necessity of Services Provided by Nursing Care Facilities.

Nursing Care Services Market is Expected to Reach Around US $ XX Bn by 2025, Due to Necessity of Services Provided by Nursing Care Facilities.

“The Nursing Care Services Market is anticipated to reach about US$ XX Bn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to necessity of services provided by nursing care facilities.

Precision Business Insights (PBI) in its report titled “Nursing Care Services Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

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The Nursing care services market size was accounted for US$ XX Bn in 2018 and anticipated to account for US$ XX Bn by 2025. More than XX% of all nursing home residents are older than 65, while XX% are 85 or older. Therefore, the rate of growth in these age groups affects demand for nursing home care. The number of adults aged 65 and older is expected to increase in 2018, representing a potential opportunity for the industry. Ongoing research shows that an increase in conditions such as diabetes, stroke, high blood pressure, and other lifestyle factors has led to an increased incidence of Alzheimer’s, thereby driving the market for skilled nursing care services. On the contrary, high costs of skilled nursing care services, along with low acceptance of these services have been restraining the market.

Nursing care services market segmented on the basis of connectivity type, and regions.

Geriatric Population Expected to Dominate the Market

The market for 86-90 years geriatric population had maximum market share and was valued over US $ XX Mn in the year 2017. This age category is susceptible to an array of diseases such as chronic infections, orthopaedic diseases, diabetes, heart diseases, stroke, cancer, and many others, that would drive the demand for geriatric care services. The market for 65-70 years geriatric population is estimated to grow a at CAGR of XX% over the forecast period. Factors such as unhealthy lifestyle, increased proneness to chronic diseases, including cancer, chronic liver disease/cirrhosis, chronic obstructive pulmonary disease, diabetes, hypertension will boost the market segment during the forecast period.

North America and Europe, Accounts for Major Revenue Share for Nursing Care Services Market

Precision Business Insights (PBI) nursing care services market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America and Europe presently dominate the overall skilled nursing care services market owing to a number of favorable factors. Increased awareness about the availability of such services, impressive healthcare facilities and infrastructure, availability of favorable reimbursement policies, well-defined regulatory framework, and increasing cases of chronic diseases such as Alzheimer’s and dementia are some of the key factors driving the North America and Europe skilled nursing care services market. Asia Pacific possesses immense potential for growth when it comes to the skilled nursing care services market, especially in countries such as India, Japan, and China. Given that China and India are the most populated countries in the world, these nations also hold a rather large geriatric population base as well as a growing patient pool. This is a key factor boosting the demand for skilled nursing care services. Apart from this, government initiatives to improve healthcare facilities, rapidly developing healthcare infrastructure, and the growth of medical tourism are expected to contribute towards the augmentation of the Asia Pacific skilled nursing care services market. However, the joint family culture so strongly present in this region is anticipated to restrict the skilled nursing care services market owing to the social stigma attached. Latin America is also projected to witness healthy growth over the coming years, especially in countries such as Mexico, Argentina, and Brazil.

Strategic Acquisition Play Vital Role in Nursing Care Services Market

Majority of key players are adopting to scintillating market strategy to establish their presence globally. For instance, December 2017: IMMAC Group acquired Beechfield Care for strengthening of its presence in Europe.
Some of the major players operating in the global skilled nursing care services market are Genesis Healthcare, Golden Living, Atria, Gentiva, Extendicare, Inc., Emeritus Corporation, Amedisys, Kindred Healthcare, Lincare, Sunrise Senior Living Inc., Lifecare Centers of America, Manor Care, Inc., Apria Healthcare Group Inc., Sun Healthcare Group Inc., and Brookdale Senior Living.
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Detailed Segmentation

By Connectivity Type

o Connected to assisted living community
o Connected to hospital
o Connected to assisted living community and hospital
o Others

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Saudi Arabia
 Rest of MEA

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152 – 160 City Road,
London EC1V 2NX

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