LONDON, April 18, 2019 (GLOBE NEWSWIRE) -- A report from The Business Research Company shows that the global nursing care market size is expected to grow at an annual rate of around 9% to nearly $1 trillion by 2022.
The nursing care market consists of sales of home health care and residential nursing care services 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.
Growth in the global nursing care market in the historic period resulted from the rapid growth in the size of the elderly population, strong economic growth in emerging markets, changes in social patterns, and health insurance reforms. Factors that negatively affected growth in the of the global nursing care market during the historic period were low healthcare access in some countries, shortages of skilled human resources, lack of insurance coverage and weak wage growth in developed economies. Going forward, faster economic growth, technological developments and increasingly busy and sedentary lifestyles will drive growth. Factors that could hinder the growth of this market in the future include shortages of skilled human resources, insufficient public health insurance coverage, and a rising number of home health entities falling into insolvency.
The global nursing care market is highly fragmented. The top ten competitors in the global nursing care market made up more than 3% of the total market in 2018. Players in the market include Genesis Healthcare, Kaiser Permanente, Brookdale Senior Living, Kindred Healthcare, LLC and The Ensign Group, Inc.
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Nursing Care Global Market Opportunities And Strategies To 2022 is one of a series of new reports from The Business Research Company that provides nursing care market overviews, analyzes and forecasts nursing care market size and growth for the global nursing care market, nursing care market share, nursing care market players, nursing care market size, nursing care market segments and geographies, nursing care market trends, nursing care market drivers and nursing care market restraints, nursing care market’s leading competitors’ revenues, profiles and market shares. The nursing care market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches. The Business Research Company has over 300 industry reports, covering over 2400 market segments and 56 geographies.
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