Segments Covered: By Type: Home Health Care Providers, Retirement Communities, Nursing Facilities, Orphanages and Group Homes; By gender of the end user – Male, Female; By type of expenditure – public, private
LONDON, April 06, 2021 (GLOBE NEWSWIRE) – Sub-segments covered: home health care agencies, visiting nurses, palliative home care services, assisted living facilities without on-site nursing care, assisted living facilities for the elderly without nursing care, retirement communities with continuing care, homes rest without nursing care
Our reports have been revised based on market size, forecast and strategies for 2021 following the impact of COVID-19: https://www.thebusinessresearchcompany.com/global-market-reports
According to The Business Research Company’s research report on Home Health Care and Home Nursing Services Market, there is increasing demand from people opting for community stay in nursing homes / homes group, especially in developing countries. This is expected to drive the growth of the healthcare and social assistance market during the forecast period. This gradual change can be attributed to changes in social models, family structures and increasing globalization, which does not allow children or other family members to care for the elderly or disabled / chronically ill. they stay in different cities or countries. Therefore, people prefer to stay in community living homes, which ensures better mental health for residents. The community stay also allows a more secure stay for the elderly / disabled with a professional system in place to take care of them. This increase in demand has fueled the growth of companies such as Max India for their retirement home sectors in 2021. This is expected to fuel the market growth during the forecast period.
Western Europe was the larger region in the global home health care and home nursing services market, representing 43.1% of the total in 2020. Next come North America, Asia-Pacific and other regions. In the future, the fastest growing regions in the home health care and home nursing services market will be the South America and Africa, where growth will be at CAGRs of 10.8% and 10.1% respectively in 2020-2025. These will be followed by the Middle East and Asia Pacific, where the markets are expected to grow at CAGRs of 8.7% and 8.0% respectively.
The commercial research company‘s report titled Global Home Health Care and Home Nursing Services Market Report 2021: Impact of COVID-19 and Recovery to 2030 covers major home health care and home nursing service companies, home health care and home nursing services market share by company, home health care and home care manufacturers Home health care services market size, Home health care and nursing home services and Home health care and Residential nursing services market forecast. The report also covers the global home healthcare and nursing home services market and its segments.
Global Home Health Care and Home Nursing Services Sample Request Market report:
The market has been negatively impacted by the impact of COVID-19. Several nursing homes and retirement communities around the world have become hotspots for the spread of the pandemic due to the vulnerable nature of its residents and the lack of PPE. According to an AARP study in the United States, as of December 2020, around 39% of all COVID-related deaths in the country were linked to nursing homes, which is expected to negatively impact the market.
The global home healthcare and home nursing services market is now expected to recover and grow by $ 957.56 billion in 2020 at 1007.32 billion dollars in 2021 at a compound annual growth rate (CAGR) of 5.2%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The home care market size is expected to reach $ 1,273.62 billion in 2025 at a CAGR of 6%.
Global Home Health Care and Home Nursing Services Market Report 2021: Impact of COVID-19 and Recovery to 2030 is part of a series of new reports from The commercial research company which provide market overviews, analyze and forecast market size and growth for the overall market, segments and geographies, trends, drivers, restraints, revenue, profiles and market share from leading competitors in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies. The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are backed by 150,000 datasets, in-depth secondary research, and proprietary information from interviews with industry leaders. A team of highly experienced and expert analysts and modelers provide market analysis and forecast. The reports identify major countries and segments for opportunities and strategies based on market trends and approaches of major competitors.
Here is a list of similar reports from the Business Research Company:
Retirement Communities Market – By Type (Continuing Care Retirement Communities, Nursing Homes, Assisted Living, Nursing Assisted Living), By Region, Opportunities & Strategies – Global Forecast to 2023
Nursing Market – By Service Type (Nursing Facilities, Home Health Care Providers, Retirement Communities, Group Care Homes), By Gender of End User (Female, Male), By Type of expenditure (public, private) and by region, Opportunities and strategies – Global forecasts to 2022
Healthcare Services Market – By Type (Hospitals & Clinics, Doctors, Nursing, Dental Services, Laboratory Services, Ambulance Services, and Others), By End User Gender and Region, Opportunities and Strategies – Global Forecast until 2022
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