The home health care and residential nursing care services 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, including personal services, counselling services, vocational therapies, rest home services, social services, and nutritional services. The home health care and residential nursing care services market is segmented into home health care providers; nursing care facilities; orphanages & group homes; and retirement communities.
The global home health care and residential nursing care services market is expected to grow from $957.56 billion in 2020 to $1007.32 billion in 2021 at a compound annual growth rate (CAGR) of 5.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1273.62 billion in 2025 at a CAGR of 6%.
