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Home Health Care And Residential Nursing Care Services Market Key Trends And Forecast Report 2024-2033
Home Health Care And Residential Nursing Care Services Market
The Business Research Company presents an extensive market research report on the Home Health Care And Residential Nursing Care Services Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The home health care and residential nursing care services market size has grown strongly in recent years. It will grow from $1210.77 billion in 2023 to $1288.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to demographic shifts, government healthcare policies, preference for in-home care, caregiver shortages, chronic disease prevalence.
The home health care and residential nursing care services market size is expected to see steady growth in the next few years. It will grow to $1516.79 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to cost-effective alternatives, aging population dynamics, telehealth integration, value-based care models, covid-19 pandemic impact, collaboration with payers and providers. Major trends in the forecast period include technological innovations, technology integration, focus on preventive care, workforce challenges and training, personalized and patient-centered care, value-based care models.
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Key Market Players:
Major companies operating in the home health care and residential nursing care services market report are Samsung Electronics Co. Ltd., Robert Bosch GmbH, Hitachi Ltd., Siemens AG, LG Electronics Inc., Panasonic Corporation, Midea Group Corporation, Toshiba Corporation, Hisense Group Co. Ltd., Whirlpool Corporation, Sharp Corporation, BSH Hausgeräte GmbH, Haier Electronics Group Corporation Ltd., Liebherr-International AG, Electrolux AB, Dover Corporation, Westinghouse Electric Corporation, Miele & Cie. KG, Beverage-Air Corporation, Brandt, Gaggenau Hausgeräte GmbH, Fisher & Paykel Appliances Ltd., Godrej Appliances Limited, Sub-Zero Group Inc., Viking Range Corporation, Danby Appliances Inc., Daihan Scientific Co. Ltd., Vestfrost Solutions A/S, Dacor Appliances LLC, Frigidaire, Avanti Products Inc., Summit Appliance Company
Market Drivers:
Access to health care services is expected to improve in developing countries, driving the nursing care market in those geographies. Effective implementation of health plans is the core reason for the improvement in healthcare access in many developing countries such as India, China and Latin American countries. Some country-specific health reforms which were set to improve healthcare access include China's Urban Resident Basic Medical Insurance and New Rural Cooperative Medical Insurance schemes, Brazil's Unified Health System and Mexico's Popular Health Insurance. Improvement in healthcare access is expected to have a positive impact on the growth of the nursing care market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/home-health-care-and-residential-nursing-care-services-global-market-report
The home health care and residential nursing care services market covered in this report is segmented -
1) By Type: Home Health Care Providers, Retirement Communities, Nursing Care Facilities, Orphanages & Group Homes
2) By Type of Expenditure: Public, Private
3) By End User Gender: Male, Female
Subsegments Covered: Home Health Care Agencies, Visiting Nurses, In-Home Hospice Care Services, Assisted Living Facilities Without On-Site Nursing Care, Assisted Living Facilities For The Elderly Without Nursing Care, Continuing Care Retirement Communities, Rest Homes Without Nursing Care
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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