Home Health Care And Residential Nursing Care Services Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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How has the home health care and residential nursing care services market grown in recent years?
The market size for home health care and residential nursing care services has progressively expanded over the past few years. It is projected to increase from $1256.59 billion in 2024 to $1315.42 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.7%. Factors contributing to growth during the historical period include demographic changes, governmental health policies, a preference for in-home care, caregiver scarcity, and prevalence of chronic diseases.
How is the home health care and residential nursing care services market size expected to evolve during the forecast period?
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Which key drivers are propelling the home health care and residential nursing care services market’s growth?
The anticipated improvement in accessibility to healthcare services in developing nations is predicted to propel the nursing care market in these regions. The successful execution of health plans stands as the primary catalyst for enhanced healthcare access in several developing countries such as India, China, and Latin American nations. Specific health reforms implemented within these countries aimed to boost healthcare accessibility comprise of China’s Urban Resident Basic Medical Insurance and New Rural Cooperative Medical Insurance plans, Brazil’s Unified Health System, and Mexico’s Popular Health Insurance. It is expected that the enhancement in healthcare access will positively contribute to the expansion of the home health care and residential nursing care services market.
What are the market segments in the home health care and residential nursing care services industry?
The home health care and residential nursing care services market covered in this report is segmented –
1) By Type: Home Health Care Providers, Retirement Communities, Nursing Care Facilities, Orphanages And Group Homes
2) By Type of Expenditure: Public, Private
3) By End User Gender: Male, Female
Subsegments:
1) By Home Health Care Providers: Skilled Nursing Services, Physical Therapy Services, Occupational Therapy Services, Home Health Aide Services, Medical Social Services
2) By Retirement Communities: Independent Living Facilities, Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Memory Care Facilities
3) By Nursing Care Facilities: Skilled Nursing Facilities (SNFs), Long-Term Care Facilities, Rehabilitation Facilities, Hospice Care Facilities
4) By Orphanages And Group Homes: Group Homes For Children, Residential Treatment Centers, Foster Care Homes, Specialized Care Facilities For Individuals With Disabilities
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Which leading companies are shaping the growth of the home health care and residential nursing care services market?
Major companies operating in the home health care and residential nursing care services market include Assisted Living Inc., UnitedHealth Group Incorporated, Kaiser Permanente, Kindred Healthcare, Orpea, Encompass Home Health, Option Care Health Inc. – Registered Shares, Elara Caring, Genesis Healthcare Corp., The Ensign Group Inc., Brookdale Senior Living, AdaptHealth Corp, LHC Group Inc, Chemed Corp., Sunrise Senior Living, The LHC Group Company, Amedisys Inc., BrightStar Care, Aveanna Healthcare Holdings Inc, Gentiva Health Services, Apria Inc, Enhabit Inc, Addus HomeCare Corporation, Extendicare, Signify Health Inc., Atria Senior Living Group, Natur International Corp, Rotech Healthcare Holdings Inc, Emeritus Corporation, eWellness Healthcare Corporation, Senior Care Centers of America, Home Instead Senior Care
What key trends are currently impacting the home health care and residential nursing care services market’s development?
Prominent businesses in the domain of home health care and residential nursing care services encompass Assisted Living Inc., UnitedHealth Group Incorporated, Kaiser Permanente, Kindred Healthcare, Orpea, Encompass Home Health, Option Care Health Inc. – Registered Shares, Elara Caring, and Genesis Healthcare Corp. The list also includes The Ensign Group Inc., Brookdale Senior Living, AdaptHealth Corp, LHC Group Inc, Chemed Corp., and Sunrise Senior Living. Other noteworthy companies are The LHC Group Company, Amedisys Inc., BrightStar Care, Aveanna Healthcare Holdings Inc, Gentiva Health Services, Apria Inc, and Enhabit Inc. The industry also comprises of Addus HomeCare Corporation, Extendicare, Signify Health Inc., Atria Senior Living Group, Natur International Corp, and Rotech Healthcare Holdings Inc. Emeritus Corporation, eWellness Healthcare Corporation, Senior Care Centers of America, and Home Instead Senior Care are also key players in this arena.
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Which geographic areas are influencing the growth of the home health care and residential nursing care services market?
Western Europe was the largest region in the home health care and residential nursing care services market in 2024. North America was the second largest region in the home health care and residential nursing care services market. The regions covered in the home health care and residential nursing care services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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