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Key Influencer in the Home Health Care And Residential Nursing Care Services Market 2025: Improved Healthcare Access In Developing Countries To Drive Market Growth Driver
Home Health Care And Residential Nursing Care Services Market Size
The anticipation is that health care services accessibility will get better in developing nations, this enhancement will fuel the nursing care market in these regions. The main factor behind the progress in health care accessibility is the effective execution of health schemes in a number of developing nations like India, China, and Latin American nations. Some special health reforms designed to enhance healthcare access are China's Urban Resident Basic Medical Insurance and New Rural Cooperative Medical Insurance plans, Brazil's Unified Health System, and Mexico's Popular Health Insurance. This improvement in healthcare accessibility is forecasted to yield a positive influence on the expansion of the home health care and residential nursing care services market.
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What Is the projected market size and growth rate for the home health care and residential nursing care services market?
The market size for home health care and residential nursing care services has experienced consistent growth in the past few years. It is projected to increase from $1256.59 billion in 2024 to $1315.42 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%. Factors that have contributed to this growth during the historic period include demographic changes, government policies on healthcare, a tendency towards in-home care, a lack of caregivers, and the prevalence of chronic diseases.
The market size of home health care and residential nursing care services is slated for consistent expansion in the upcoming years, hitting $1569.22 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 4.5%. The growth during the forecast period can be traced back to cost-effective options, demographic shifts due to an aging population, incorporation of telehealth, implementation of value-based care models, the repercussions of the COVID-19 pandemic, and partnerships with payers and providers. Key trends for the forecast period encompass technological advancements, technology integration, emphasis on preventive care, challenges in workforce and training, customized and patient-centric care, and the adoption of value-based care models.
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What new trends are reshaping the home health care and residential nursing care services market and its opportunities?
Prominent businesses in the home health care and residential nursing care services industry are striving to create innovative solutions like home healthcare services to better patient care and amplify the quality of life. Home healthcare services encompass a broad range of both medically related and non-medical assistance rendered to people within their homes to aid them in handling their health concerns and everyday tasks. For example, Star Health and Allied Insurance, a health insurance firm based in India, introduced home healthcare services across more than 50 cities in India in July 2024. This service provides customized medical care right at the patients' homes, enabling them to get treatments for various infectious ailments, such as fever and urinary tract infections, via collaborations with providers like Care24, Portea, CallHealth, and Athulya Homecare. This service is planned to be entirely cashless, taking care of all related costs such as professional fees and lab tests without any upfront expenses.
What major market segments define the scope and growth of the home health care and residential nursing care services market?
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 And Group Homes
2) By Type of Expenditure: Public, Private
3) By End User Gender: Male, Female
Subsegments:
1) By Home Health Care Providers: Skilled Nursing Services, Physical Therapy Services, Occupational Therapy Services, Home Health Aide Services, Medical Social Services
2) By Retirement Communities: Independent Living Facilities, Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Memory Care Facilities
3) By Nursing Care Facilities: Skilled Nursing Facilities (SNFs), Long-Term Care Facilities, Rehabilitation Facilities, Hospice Care Facilities
4) By Orphanages And Group Homes: Group Homes For Children, Residential Treatment Centers, Foster Care Homes, Specialized Care Facilities For Individuals With Disabilities
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Which region dominates the home health care and residential nursing care services market?
Western Europe was the largest region in the home health care and residential nursing care services market in 2024. North America was the second largest region in the home health care and residential nursing care services market. The regions covered in the home health care and residential nursing care services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the home health care and residential nursing care services industry growth?
Major companies operating in the home health care and residential nursing care services market include 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
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What Is Covered In The Home Health Care And Residential Nursing Care Services Global Market Report?
•Market Size Forecast: Examine the home health care and residential nursing care services market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the home health care and residential nursing care services market for a structured understanding.
•Key Players Overview: Analyze major players in the home health care and residential nursing care services market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the home health care and residential nursing care services market.
•Segment Contributions: Evaluate how different segments drive overall growth in the home health care and residential nursing care services market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the home health care and residential nursing care services market.
•Industry Challenges: Identify potential risks and obstacles affecting the home health care and residential nursing care services market.
•Competitive Landscape: Review strategic developments in the home health care and residential nursing care services market, including expansions, agreements, and new product launches.
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