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Booming Home Health Care And Residential Nursing Care Services Market Set to Reach $1569.22 Billion by 2029, Driven by Aging Population and Value-Based Care Models
Home Health Care And Residential Nursing Care Services Market Size
What Is The Projected Market Size Of The Global Home Health Care And Residential Nursing Care Services Market And Its Growth Rate?
• The market grew from $1256.59 billion in 2024 to $1315.42 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%
• This growth can be attributed to demographic shifts, government healthcare policies, preference for in-home care, caregiver shortages, chronic disease prevalence
• The market size is expected to grow steadily to $1569.22 billion in 2029 at a compound annual growth rate (CAGR) of 4.5%
• Factors influencing this growth include cost-effective alternatives, aging population dynamics, telehealth integration, value-based care models, COVID-19 pandemic impact, collaboration with payers and providers
What Is Driving The Growth In The Home Health Care And Residential Nursing Care Services Market?
Healthcare access is expected to improve in various developing countries, propelling the nursing care market growth in these regions. The successful execution of health plans is the primary reason for healthcare access improvement in countries such as India, China, and the Latin American nations. Country-specific health reforms aimed at augmenting 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. Such progress in healthcare access is foreseen to positively impact the growth of the home health care and residential nursing care services market.
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Who Are The Key Players Driving Home Health Care And Residential Nursing Care Services Market Growth?
• Assisted Living Inc.
• UnitedHealth Group Incorporated
• Kaiser Permanente
• Kindred Healthcare
• Orpea
• Encompass Home Health
• Option Care Health Inc. - Registered Shares
• Elara Caring
• Genesis Healthcare Corp.
• The Ensign Group Inc.
• Brookdale Senior Living
• AdaptHealth Corp
• LHC Group Inc
• Chemed Corp.
• Sunrise Senior Living
• The LHC Group Company
• Amedisys Inc.
• BrightStar Care
• Aveanna Healthcare Holdings Inc
• Gentiva Health Services
• Apria Inc
• Enhabit Inc
• Addus HomeCare Corporation
• Extendicare
• Signify Health Inc.
• Atria Senior Living Group
• Natur International Corp
• Rotech Healthcare Holdings Inc
• Emeritus Corporation
• eWellness Healthcare Corporation
• Senior Care Centers of America
• Home Instead Senior Care
What Are The Key Trends In The Home Health Care And Residential Nursing Care Services Market?
• Technological innovations
• Integration of technology
• Focus on preventive care
• Workforce challenges and training
• Personalized and patient-centered care
• Value-based care models
What Are The Segments Of The Global Home Health Care And Residential Nursing Care Services Market?
• Home Health Care Providers
• Retirement Communities
• Nursing Care Facilities
• Orphanages And Group Homes
• Public Expenditure
• Private Expenditure
• Male End Users
• Female End Users
Which Region Leads The Home Health Care And Residential Nursing Care Services Market?
Western Europe was the most significant region in the home health care and residential nursing care services market in 2024, followed closely by North America. Other regions covered in the home health care and residential nursing care services market report are Asia-Pacific, Eastern Europe, South America, The Middle East, and Africa.
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What Is Covered In The Home Health Care And Residential Nursing Care Services Market Global Market Report?
- Market Size Analysis: Analyze the Home Health Care And Residential Nursing Care Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Home Health Care And Residential Nursing Care Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Home Health Care And Residential Nursing Care Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Home Health Care And Residential Nursing Care Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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