Press release
Rising Occurrence of Chronic Diseases Globally to Boost Skilled Nursing Care Services Market
Reference Link: http://www.transparencymarketresearch.com/skilled-nursing-care-services-market.html
Skilled nursing care services are recommended when 24X7 nursing care is necessary mainly in case of elderly individuals who might stray if left unattended, unable to eat by their own, for medication and portability and when more help is needed than family or present caregiver can give. Based on the type of connectivity, global skilled nursing care services market is segmented as follows:
•Connected to hospital
•Connected to assisted living community
•Connected to both hospital and assisted living community
•Freestanding
Factors such as aging of population globally, increasing incidences of chronic diseases such as dementia and Alzheimer’s disease, are driving the global skilled nursing care services market towards growth. While on the other hand, social stigma associated with residential nursing care services and high cost are some of the factors that are restraining the growth of the global skilled nursing care services market.
Skilled nursing care services are designed to offer short term as well as long term care for people who have serious or chronic diseases. These services provide inpatient nursing, living quarters, and rehabilitation services for individuals suffering from chronic ailments. Care is primarily provided for an extended time periods to people who need help in day-to-day activities. These services also include the dressing of post-operative wounds, monitoring of interventional medications, laundry services, educational and social activities, and assisting physical therapists.
According to the report, the key factors responsible for the growth of this market include the rising occurrence of chronic diseases such as Alzheimer’s and dementia globally. On the other hand, factors such as the soaring costs involved in using these services and social stigmas related to residential nursing care services may impede the growth of the market in the coming years.
In terms of type of connectivity, the report segments the market for skilled nursing care services on four fronts, namely, connected to assisted living community, connected to hospital, freestanding, and connected to both hospital and assisted living community.
Geographically, the report segments the market into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, North America led the global skilled care services market and is trailed by the region of Europe. The reason for the dominance of North America is the highly advanced healthcare infrastructure, the increasing awareness about skilled nursing care services, and a well-defined regulatory framework of this region. On the other hand, the Asia Pacific skilled nursing care services market is also a promising space for investors and market players. The reason for the dominance of this region is the enhancement of healthcare facilities, especially within China and India, owing to the rapidly developing medical tourism industry within these two nations.
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As per the report, the prominent players dominant in the market are ManorCare, Kindred Healthcare, National HealthCare Corporation, and Tyco International Limited, among others.
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