Global Nursing Care Services Market Is Expanding Due To Increasing Incidences Of Diseases And Rising Geriatric Population

Nursing Care Services Market

Overview:

Nursing care services are individual-specific plans aimed at delivering nursing care to a patient. The process is a combination of science and art. Nurses assess a person on a detailed basis and formulate a care plan based on their diagnosis. They also use critical thinking and intuition to protect the patient's needs.

Health workers in developing countries face a shortage of qualified candidates, which may limit the growth of the Nursing Care Services Market. Lack of education and work experience are factors contributing to the shortage. However, technological advances and improved healthcare access in these countries are expected to drive the growth of the market.

These services are usually less expensive than hospital care. Home nursing visits are typically spread over two or three visits. Most visits are only a few minutes a day. Nursing care services are expected to grow in both developed and developing countries, thanks to increasing demand for community living.

Market Dynamics:

Growing acquisitions is estimated to augment growth of the global Nursing Care Services Market during the forecast period. For instance, Genesis HealthCare acquired Sun Healthcare Group Inc. in December 2020. Genesis HealthCare operates behavioral health centers, skilled nursing facilities and independent living centers in 23 states in the United States. Moreover, lack of reimbursements and high cost of healthcare is anticipated to restrain growth of the global nursing care services market during the forecast period.

Impact of COVID-19:

COVID-19 was first reported in 2019 and then it was transmitted to many other countries globally. The pandemic affected the economy globally and led to shutting down of several businesses around the world. Many companies had to halt their production activities. This was mainly due to the strict COVID-19 measures for preventing the transmission of the virus. These measures were implemented by government authorities in many regions.

The healthcare sector was severely affected by the pandemic, owing to increasing prevalence of the disease. However, the pandemic had a positive impact on the global Nursing Care Services Market, as during the pandemic there was an increased demand for nursing care. As many families were trying to avoid hospitalization, so as to prevent the transmission of the diseases, the market witnessed high growth.

Key Takeaways:

The global Nursing Care Services Market is estimated to witness robust growth, exhibiting CAGR of XX% during the forecast period, owing to increasing expansion by major players.

For instance, Kindred Healthcare, LLC, is expanding their acute inpatient rehabilitation units (ARUs), in June 2020. These new ARUs will be providing multidisciplinary clinical and rehabilitation services. North America is estimated to witness significant growth in the global nursing care services for market over the forecast period, owing to increasing geriatric population.

Key players active in the global Nursing Care Services Market are Amedisys, Inc., Genesis Healthcare, Brookdale Senior Living, Inc., Kaiser Permanente, Senior Care Centers of America, Atria Senior Living Group, Kindred Healthcare, Diversicare Healthcare Services Inc., Amedisys, Inc., Extendicare, Inc., Sunrise Carlisle, LP, and Capital Senior Living.