Press release
Global Nursing Care Market 2020: Top Key Players Genesis Healthcare, Kaiser Permanente, Brookdale Senior Living, Kindred Healthcare, The Ensign Group, Inc.
Nursing Care Market
The global nursing care market reached a value of nearly $855.9 billion in 2018, having grown at a compound annual growth rate (CAGR) of 6.8% since 2014, and is expected to grow at a CAGR of 8.6% to nearly $1,191.2 billion by 2022.
The Key driver of the nursing care market include:
Changes In Social Patterns – Changes in social attitudes such as split of joint families into nuclear families and increase in the female labor participation increased the demand for home health care and residential nursing care. The fragmentation of the traditional large family groups into small family units reduced the number of people who could provide care to dependent family members. The same was a result of the increase in the female labor market participation rate. These trends resulted in a shortage of informal caretakers for elderly and disabled people and increased the demand for home health care and residential nursing care.
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Nursing Care Market Segmentation:
The Nursing Care market is segmented by specialty, by end user gender, by expenditure and by geography.
By Service Type- The nursing care market can be segmented by service type into
a) Home Health Care Providers
b) Nursing Care Facilities
c) Group Care Homes
d) Retirement Communities
Retirement communities had the highest growth rate of nearly 8% during the historic period. The fastest growth in the historic period can be attributed to the changes in lifestyles of aged people and busy lifestyles of career-oriented population that decreased the number of family members staying at home and providing care to elderly, which overall influenced positively on the image of retirement communities.
By End User Gender- The nursing care market can be segmented by end user gender into
a) Female Nursing Care
b) Male Nursing Care
Growth has accelerated in both the segments of the global nursing care market by end-user gender.
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By Geography - The nursing care market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa
Some of the major key players involved in nursing care market are
• Genesis Healthcare
• Kaiser Permanente
• Brookdale Senior Living
• Kindred Healthcare
• The Ensign Group, Inc.
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