The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s home health care and residential nursing care services market report forecasts the home health care and residential nursing care services market size to grow to $1.37 trillion by 2027, with a CAGR (compound annual growth rate) of more than 4%.

Learn More On The Home Health Care And Residential Nursing Care Services Market Report 2023 – https://www.thebusinessresearchcompany.com/report/home-health-care-and-residential-nursing-care-services-global-market-report

Home Health Care And Residential Nursing Care Services Market Size Forecast
The global home health care and residential nursing care services market is expected to grow from $1.09 trillion in 2022 to $1.15 trillion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The home health care and residential nursing care services market is expected to grow to $1.37 trillion in 2027 at a CAGR of 4.4%.

Western Europe held the largest home health care and residential nursing care services market share.

Key Home Health Care And Residential Nursing Care Services Market Driver ­– Improvement In Healthcare Access
Effective implementation of health plans is the core reason for the improvement in healthcare access in many developing countries such as India, China and Latin American countries. Some country-specific health reforms which were set to improve healthcare access include China’s Urban Resident Basic Medical Insurance and New Rural Cooperative Medical Insurance schemes, Brazil’s Unified Health System and Mexico’s Popular Health Insurance. Improvement in healthcare access is expected to have a positive impact on the growth of the nursing care market.

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Key Home Health Care And Residential Nursing Care Services Market Trend – Adopting Big Data Technologies
Big data is large amounts of data that can be analysed to gain insights and drive decision-making. Big data allows the nursing care providers to access to a significant amount of data that can be used to aid health care professionals to identify future health risks and suggest suitable remedies. Home care providers can also use this data to identify the irregularities in the treatment of patients and improve the effectiveness of the treatment. For example, MJHS, a leading home care, palliative, and hospice provider in the US has adopted eCaring, a big data technology solution, to monitor a patient’s health every hour and track individual patient behaviors and health outcomes.

Home Health Care And Residential Nursing Care Services Market Segment
1) By Type: Home Health Care Providers, Retirement Communities, Nursing Care Facilities, Orphanages & Group Homes
2) By End User Gender: Male, Female
3) By Type of Expenditure: Public, Private

Subsegments Covered: Home Health Care Agencies, Visiting Nurses, In-Home Hospice Care Services, Assisted Living Facilities Without On-Site Nursing Care, Assisted Living Facilities For The Elderly Without Nursing Care, Continuing Care Retirement Communities, Rest Homes Without Nursing Care

Home Health Care And Residential Nursing Care Services Market Major Players and Strategies
Major players in the home health care and residential nursing care services market are UnitedHealth Group Incorporated, Kaiser Permanente, Encompass home health, Orpea, Genesis Healthcare, Brookdale Senior Living, Golden Living, The Ensign Group, Inc., LHC Group and Amedisys Inc.

The Home Health Care And Residential Nursing Care Services Global Market Report 2023 covers regional data on home health care and residential nursing care services market size, home health care and residential nursing care services market trends and drivers, opportunities, strategies, and home health care and residential nursing care services market competitor analysis. The countries covered in the home health care and residential nursing care services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Home health care and residential nursing care services are medical services that are provided to patients at their home. These services are used to treat patients that cannot travel to hospitals.

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