The global nursing care market was valued at about $860 billion in 2018. North America was the largest region in the nursing care market with about 38% of the market. The USA was the largest country in the nursing care market accounting for about 55% of the market.
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.
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Nursing Care Market Size
The global nursing care market is expected to grow at an annual growth rate of about 8.6% to around $1 trillion 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.
Genesis Healthcare was the largest competitor with around 0.66% of the nursing care market followed by Kaiser Permanente , Brookdale Senior Living, Kindred Healthcare , Ensign Group Inc., and Amedisys, Inc. (exact figures are mentioned in report).
Genesis Healthcare is involved in providing services such as rehabilitation therapy, long term care, assisted/senior living and select care. The company was established in 2003 and is headquartered in Pennsylvania, the USA.
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Company profiles included in the nursing care market report are Genesis Healthcare,Kaiser Permanente,Brookdale Senior Living,Kindred Healthcare,The Ensign Group, Inc.,Amedisys, Inc
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