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Skilled Nursing Care Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

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Skilled nursing care service centers offer long term as well as short term nursing care services for people who are suffering from chronic or serious diseases such as Alzheimer’s disease and are difficult to take care at assisted living facility or at home. Skilled nursing care service centers provide services such as monitoring interventional medications, dressing and taking care of post-operative wound, assistance to physical therapists and speech therapists, laundry services, end-of-life care, social and educational activities, bathing, dressing, incontinence and supporting patients in moving in and out of the bed and in eating. 

 

Skilled nursing care services are recommended when 24X7 nursing care is necessary mainly in case of elderly individuals who might stray if left unattended, unable to eat by their own, for medication and portability and when more help is needed than family or present caregiver can give. Based on the type of connectivity, global skilled nursing care services market is segmented as follows:

  • Connected to hospital
  • Connected to assisted living community
  • Connected to both hospital and assisted living community
  • Freestanding

Factors such as aging of population globally, increasing incidences of chronic diseases such as dementia and Alzheimer’s disease, are driving the global skilled nursing care services market towards growth. While on the other hand, social stigma associated with residential nursing care services and high cost are some of the factors that are restraining the growth of the global skilled nursing care services market. 

 

Geographically, global skilled nursing care services market is classified into North America, Europe, Asia Pacific and Rest of the World (RoW) regions. Currently, North America is dominating the global skilled nursing care services market and is closely followed by Europe. Some of the factors such as, availability of reimbursement coverage, highly developed healthcare infrastructure, well defined regulatory framework and high awareness about availability of skilled nursing care services are resulting in dominating position of North America in the global skilled nursing care services market. Asia Pacific is a lucrative market for skilled nursing care services. India and China account for the largest population pool in the world. Thus, with rise in geriatric population, India and China would be largest geriatric population pool in the world. With rapidly improving healthcare infrastructure, government initiatives to improve healthcare facilities in countries mainly India and China on the grounds of swiftly growing medical tourism industry in these countries is expected to fuel the growth of the skilled nursing care services market in the Asia Pacific region. While on the other, in the Asia Pacific region, adoption of residential skilled nursing care services is challenged owing to presence of joint family culture. Presence of joint family culture has created strong social stigma for nursing homes and residential skilled nursing care services. 

 

Apart from India and China, Japan is an attractive market for skilled nursing care services owing to increased focus of Japanese government on improving healthcare facilities in the country. Brazil, Argentina and Mexico are the countries in the Rest of the World (RoW) region where skilled nursing care services market is expected to grow rapidly as compared to other countries in the Rest of the World region. Skilled nursing care services market in the African countries will be growing at slower rate due to lack of supportive economic background. 

 

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 

  • North America 
  • Asia Pacific 
  • Europe
  • Middle East and Africa
  • Latin America

This report provides comprehensive analysis of 

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

 

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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