The nursing care facilities offer long term and short-term care for individuals who need rehabilitation services or individuals who suffer from serious or persistent health issues. These establishments provide traditional nursing services and the other is skilled nursing services.
Nursing Care Facilities Global Market Size
The global nursing care facilities market was valued at $238 billion in 2017. North America was the largest geographic region accounting for $98.7 billion or 41.5% of the global market. The USA was the largest country accounting for $86.1 billion or 36.2% of the global nursing care facilities market.
Nursing Care Facilities Global Market Trend
Smart technologies like wireless network technology are increasingly being used for medical residents in modern nursing care facilities. These technologies allow the residents to gain instant support from their caretakers. For example, Covidien has introduced a wireless device called BioPatch which continuously collects a patient’s physiologic data and monitors all vital body functions.
The companies covered are Emeritus Corporation, Extendicare Inc, Gentiva Health Services Inc., Genesis Healthcare Corp., and Kindred Healthcare Inc.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Nursing Care Facilities Global Market Segmentation
The nursing care facilities market is segmented into Convalescent Homes or Convalescent Hospitals; Nursing Homes; Assisted Living Facilities For The Elderly With Nursing Care; Rest Homes With Nursing Care; Inpatient Care Hospices.
Convalescent Homes or Convalescent Hospitals comprises of establishments that are staffed by medical professionals and provide short-term care and recovery for patients after surgeries and long-term illness. These facilities can be freestanding hospitals or hospital-based units and are a lower level extension of hospital care.
Nursing Homes comprises of establishments that are public or private, which provide personal or nursing care for persons (such as the aged or the chronically ill) who are unable to care for themselves properly.
Assisted Living Facilities For The Elderly With Nursing Care comprises of establishments which take care of assisted living residents who are usually seniors who have had a slight decline in health in some way and need assistance performing one or more activities of daily living (ADLs).
Rest Homes With Nursing Care comprises of establishments that run rest homes for elderly people along with nursing care facilities.
Inpatient Care Hospices comprises of establishments that provide advanced level of care for severe pain or other symptoms in an inpatient hospice facility.