DUBLIN--(BUSINESS WIRE)--The "Nursing Care Global Market Opportunities And Strategies To 2022" report has been added to ResearchAndMarkets.com's offering.
This report describes and evaluates the global nursing care market, including home health care and residential nursing care. It covers two five-year periods, 2014 to 2018, termed the historic period, and 2018 through 2022, the forecast period.
The global nursing care market reached a value of nearly $855.9 billion in 2018, having grown at a compound annual growth rate (CAGR) of 6.8% since 2014, and is expected to grow at a CAGR of 8.6% to nearly $1,191.2 billion by 2022.
Growth in the 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 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 nursing care market in this report is segmented by type into home healthcare providers, nursing care facilities, group care homes and retirement communities. The nursing care facilities market was the largest segment of the nursing care market in 2018 at 43.6%. The retirement communities market is expected to be the fastest-growing segment going forward at a CAGR of 9.7%.
North America is the largest market for nursing care, accounting for 38.8% of the global market. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the Middle East and Asia-Pacific will be the fastest growing regions in this market, where growth will be at CAGRs of 15% and 14.6% respectively. These will be followed by Africa and South America where the markets are expected to grow at CAGRs of 13.9% and 11.2% respectively.
The global nursing care market is highly fragmented. The top ten competitors in the global nursing care market made up 3.1% 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.
The global healthcare services market, of which the nursing care market is a segment, reached a value of nearly $6707.3 billion in 2018, having grown at 7.6% since 2014. It will grow at a compound annual growth rate (CAGR) of 9.3% to nearly $9581 billion by 2022. The nursing care market was the third largest segment in the global healthcare services market in 2018, accounting for 12.8% of the healthcare services market. The hospitals and clinics market was the largest segment of the healthcare services market, accounting for 55.1% of the total, worth $3693.4 billion globally, and has grown at a CAGR of 8.2% during the historic period. It is expected to grow at a CAGR of 9.9% during the forecast period.
The top opportunities in the global nursing care market will arise in the nursing care facilities segment which will gain $126.1 billion of global annual sales by 2022. The nursing care market size will gain the most in the USA at $55.23 billion. Nursing care market-trend-based strategies include the launch of integrated care services, implementation of remote patient monitoring and health management programs, and the launch of custom-care packages. Player-adopted strategies in the nursing care industry include expansion through mergers and acquisitions and construction of new medical centers.
To take advantage of the opportunities, the author recommends nursing care companies to consider increasing remote controlled self-diagnosis services, expanding in emerging markets, focusing on expanding through collaborations, implementing competitive pricing, leveraging social media to maximize reach, increasing visibility through a high-performance website, and offering services for aged women.
- By Service Type: Nursing Care Facilities, Home Health Care Providers, Retirement Communities, Group Care Homes.
- By End-User Gender: Female, Male
- By Expenditure: Public, Private
- Companies Mentioned: Genesis Healthcare, Kaiser Permanente, Brookdale Senior Living, Kindred Healthcare, The Ensign Group, Inc.
- Countries: China, Japan, India, Australia, USA, Brazil, UK, Germany, France, Spain, Italy, Russia
- Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
- Time series: Five years historic and forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Key Topics Covered
1. Nursing Care Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6.1.1.Segmentation By Geography
6.1.2.Segmentation By Type
7. Nursing Care Market Characteristics
7.1. Market Definition
7.2. Segmentation By Service Type
7.2.1.Home Health Care Providers
7.2.2.Nursing Care Facilities
7.2.3.Group Care Homes
7.3. Segmentation By End User Gender
7.3.1.Female Nursing Care
7.3.2.Male Nursing Care
7.4. Segmentation By Type Of Expenditure
8. Nursing Care Supply Chain
8.2. Nursing Care Providers
8.3. Other Service Providers
8.5. Clients - Individuals
9. Nursing Care Market Product/Service Analysis - Examples
10. Nursing Care Market Customer Information
10.1. Convenient Location Is The Top Priority For Choosing A Retirement Community
10.2. High Customer Satisfaction With Nursing Care Provided To The Elderly Parents
10.3. Adoption Of Technology Aided Home Care
10.4. Older People Are More Likely To Adopt Sensors Than Younger Generations
10.5. Electronic Health Records In Long term Or Post-Acute Care Providers (LTPAC)
10.6. Provision Of Special Services In Residential Care Communities
11. Nursing Care Market Trends
11.1. Integrated Care Services
11.2. IoT Driving Home Healthcare Market
11.3. Care Providers Opting Custom-Care Packages
11.4. Telehealth To Improve Patient Care
11.5. Individualized Care Plans
11.6. Big Data Analytics Adoption in Home Care Services
11.7. Electronic Visitor Verification To Curb Fraud
11.8. Resident-Oriented Care
11.9. Advanced Technology Adoption
11.10. Eco-Friendly Alternatives For Nursing Care
12. Nursing Care Market, Porter's Five Forces Model
13. Nursing Care Market Opportunity Assessment - PESTEL Analysis
13.1.1. Government Initiatives And Subsidies
13.1.2. Unexpected Policy Changes
13.1.3. Government Intervention And Bureaucracy
13.2.1. Developed Economies
13.2.2. Emerging Markets
13.2.3. Increasing Interest Rates
13.3.1. Aging Global Population
13.3.2. Busy Lifestyles
13.3.3. Unhealthy Lifestyles
13.4.1. Technological Advances
13.4.2. IoT And Wearable Technology
13.4.3. Social Media, Internet Penetration And Telemedicine
13.5.1. Air And Water Pollution
13.6.1. Workforce Laws And Regulations
13.6.2. Tax Exemptions
14. Nursing Care Market Size And Growth
14.1. Historic Market Growth, Value ($ Billion)
14.1.1. Drivers Of The Market 2014-2018
14.1.2. Restraints On The Market 2014-2018
14.2. Forecast Market Growth, Value ($ Billion)
14.2.1. Drivers Of The Market 2018-2022
14.2.2. Restraints On The Market 2018-2022
15. Nursing Care Market, Regional Analysis And Country Analysis
15.1. Global Nursing Care Market, 2018, By Region, Value ($ Billion)
15.2. Global Nursing Care Market, 2014 - 2022, Historic And Forecast, By Region
15.3. Global Nursing Care Market, Growth And Consumption Share Comparison, By Region
15.4. Global Nursing Care Market, 2018, By Country, Value ($ Billion)
15.5. Global Nursing Care Market, 2014 - 2022, Historic And Forecast, By Country
15.6. Global Nursing Care Market, Growth And Consumption Share Comparison, By Country
16. Nursing Care Market Segmentation
16.1. Global Nursing Care Market, Segment By Service Type, 2018, $ Billion
16.2. Global Nursing Care Market, Historic and Forecast, Segmentation By Service Type, 2014-2022
16.3. Global Nursing Care Market, Segmentation By End-User Gender, 2014-2022, $ Billion
17. Global Nursing Care Market Comparison With Macro Economic Factors
17.1. Nursing Care Market Size, Percentage Of GDP, Global
17.2. Per Capita Average Nursing Care Market Expenditure, Global
18. Nursing Care Market Comparison With Macro Economic Factors Across Countries
18.1. Nursing Care Market Size, Percentage Of GDP, By Country
18.2. Per Capita Average Nursing Care Market Expenditure, By Country
19. Nursing Care Market Comparison With Industry Metrics
19.1.1. Proportion Of Elderly Population (65+), By Country, 2018
19.1.2. Number Of Nurses, By Country, 2018
20. Asia-Pacific Nursing Care Market
21. Western Europe Nursing Care Market
22. Eastern Europe Nursing Care Market
23. North America Nursing Care Market
24. South America Nursing Care Market
25. Middle East Nursing Care Market
26. Africa Nursing Care Market
27. Nursing Care Market Competitive Landscape
27.1. Company Profiles
27.2. Genesis Healthcare
27.2.1. Company Overview
27.2.2. Products And Services
27.2.3. Business Strategy
27.2.4. Financial Overview
27.3. Kaiser Permanente
27.4. Brookdale Senior Living
27.5. Kindred Healthcare LLC
27.6. The Ensign Group Inc.
28. Nursing Care Market Key Mergers And Acquisitions
28.1. Almost Family, Inc. Merged With LHC Group, Inc.
28.2. Encompass Home Health, Inc. And Hospice Acquired VNA Healthtrends
28.3. Epic Health Services Merged With PSA Healthcare
28.4. Bain Capital Private Equity Acquired Epic Healthcare
28.5. PSA Healthcare (PSA) Acquired Innovations Health Services And Assure Home Healthcare
28.6. Welltower Acquired Vintage Senior Living
28.7. Lincare Holdings Inc., Acquired American HomePatient
28.8. Amedisys, Inc. Acquired Infinity HomeCare
28.9. Genesis Acquired Revera Inc.'s 24 Skilled Nursing Facilities And Contract Rehabilitation Business
28.10. Kindred Healthcare, Inc. Acquired Centerre Healthcare Corp.
28.11. Kindred Healthcare Inc. Acquired Gentiva Health Services Inc.
28.12. Healthsouth Acquired Encompass Home Health
28.13. Brookdale Senior Living Merged With Emeritus Corporation
28.14. CVS Caremark Acquired Coram LLC
29. Market Background: Healthcare Services
29.1. Healthcare Services Market Characteristics
29.2. Market Definition
29.3. Key Segmentation
29.4. Historic Market Growth, Value ($ Billion)
29.5. Forecast Market Growth, Value ($ Billion)
29.6. Global Healthcare Services Market, Split By Type Of Service Segment, 2018, $ Billion
29.6.1. Hospitals And Clinics
29.6.2. Physicians And Other Health Practitioners
29.6.3. All Other Ambulatory Health Care Services
29.7. Global Healthcare Services Market, Historic and Forecast, Split By Type Of Service Segment, 2014-2022
29.8. Global Healthcare Services Market, 2018, By Region, Value ($ Billion)
29.9. Global Healthcare Services Market, 2014 - 2022, Historic And Forecast, By Region
30. Nursing Care Market Opportunities & Strategies
30.1. Global Nursing Care Market In 2022- Countries Offering Most New Opportunities
30.2. Global Nursing Care Market In 2022- Segments Offering Most New Opportunities
30.3. Global Nursing Care Market In 2022- Growth Strategies
30.3.1. Market Trend Based Strategies
30.3.2. Competitor Strategies
31. Nursing Care Market, Conclusions and Recommendations
- Almost Family, Inc.
- Amedisys, Inc.
- American HomePatient
- Assure Home Healthcare
- Bain Capital Private Equity
- Brookdale Senior Living
- Centerre Healthcare Corp.
- Coram LLC
- CVS Caremark
- Emeritus Corporation
- Encompass Home Health
- Epic Healthcare
- Genesis Healthcare
- Gentiva Health Services Inc.
- Infinity HomeCare
Innovations Health Services
- Kaiser Permanente
- Kindred Healthcare Inc.
- LHC Group, Inc.
- Lincare Holdings Inc.
- PSA Healthcare
- Revera Inc.
- The Ensign Group, Inc.
- Vintage Senior Living
- VNA Healthtrends
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