The nursing care market consists of sales of nursing care and related goods by entities (organizations, sole traders and partnerships) that provide home health care and residential nursing care. This industry includes establishments that provide home healthcare services, nursing care facility services, personal services, counselling services, vocational therapies, rest home services, social services, and nutritional services.
The global nursing care market is expected to grow from $1010.1 billion in 2019 to $1058.6 billion in 2020 at a compound annual growth rate (CAGR) of 4.9%, despite the economic slowdown across countries owing to the pandemic outbreak. This is mainly because of the huge demand for nursing care providers including emergency medical service personnel, nurses, nursing assistants, physicians, trainees, and contractual staff, who are at the frontline tackling COVID-19 virus and providing care for coronavirus patients across the world. There is a rise in demand for home health-care workers comprising nurses, therapists and personal care aides for the most vulnerable population. The market is then expected to grow at a CAGR of 7% from 2021 and reach $1374.9 billion in 2023. Western Europe was the largest region in the global nursing care market, accounting for 43% of the market in 2019. North America was the second largest region accounting for 33% of the global nursing care market. Africa was the smallest region in the global nursing care market. Integrated care services are being offered by many organizations in this industry to increase revenues by offering additional services. Integrated care offers a wide variety of medical care at various levels of intensity including transitional hospital care, short-term rehabilitation, home health, hospice, palliative care and personal home care assistance, allowing the health care companies to provide services to the patients in a range of settings. Home health care service providers, such as Kindred Healthcare, are providing home integrated care services which are being adopted by patients.
The major players in the global nursing care market are Genesis Healthcare, Kaiser Permanente, Brookdale Senior Living, Kindred Healthcare, The Ensign Group, Inc.Genesis Healthcare, Kaiser Permanente, Brookdale Senior Living, Kindred Healthcare, The Ensign Group, Inc.
The countries covered in the global nursing care market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
The global nursing care market is segmented:
1) By Type, Home Health Care Providers, Nursing Care Facilities, Orphanages and Group Homes, Retirement Communities
2) By End User Gender, Male, Female
3) By Type of Expenditure, Public, Private 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