Dublin, May 27, 2021 (GLOBE NEWSWIRE) – The “Nursing facilities – Global market trajectory and analysis” the report was added to ResearchAndMarkets.com offer.
Amid the COVID-19 crisis, the global nursing home market estimated at US $ 248.5 billion in 2020 is expected to reach a revised size of US $ 345 billion by 2027, with a CAGR of 4.8% over the 2020-2027 analysis period.
Convalescent homes or convalescent hospitals, one of the segments analyzed in the report, is expected to register a CAGR of 4.9% and reach $ 121.5 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and the induced economic crisis, the growth of the nursing home segment is readjusted to a revised CAGR of 4.6% for the next 7 year period.
The US market is estimated at $ 71.6 billion, while China is expected to grow at 7.9% CAGR
The nursing home market in the United States is estimated at US $ 71.6 billion in 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 62.9 billion by 2027 , after a CAGR of 7.9. % over the 2020 to 2027 analysis period. Other notable geographic markets include Japan and Canada, each forecasting growth of 2.7% and 3.9% respectively over the 2020-2027 period. In Europe, Germany is expected to grow at a CAGR of around 3.5%.
Assisted living segment registers a CAGR of 5.4%
In the global assisted living segment, the United States, Canada, Japan, China and Europe will lead the estimated 5.1% CAGR for this segment. These regional markets representing a combined market size of US $ 33.9 billion in 2020 will reach a projected size of US $ 48 billion by the end of the analysis period. China will remain among the fastest growing countries in this group of regional markets. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach $ 47.3 billion by 2027, while Latin America will grow at a CAGR of 5 , 8% during the analysis period.
Selected Competitors (Total 36 featured):
- Atria Seniors’ Residence Group
- Brookdale retirement home
- Honored Society
- Genesis Health Corp.
- Genesis HealthCare Inc.
- Gentiva health services
- UNHCR ManorCare
- Home care instead
- Kindred Health
- Elderly Care Centers of America
- Sunrise retirement home
Main topics covered:
1. MARKET OVERVIEW
- Overview of the influencer market
- Global market trajectories
- Impact of Covid-19 and an impending global recession
2. FOCUS ON CERTAIN PLAYERS
3. MARKET TRENDS AND FACTORS
4. WORLD MARKET PERSPECTIVE
III. MARKET ANALYSIS
- UNITED STATES
- THE REST OF EUROPE
- ASIA PACIFIC
- SOUTH KOREA
- REST OF ASIA PACIFIC
- LATIN AMERICA
- REST OF LATIN AMERICA
- MIDDLE EAST
- SAUDI ARABIA
- UNITED ARAB EMIRATES
- REST OF MIDDLE EAST
- Total number of profiled companies: 36
For more information on this report, visit https://www.researchandmarkets.com/r/et052m