The Home Health Care And Residential Nursing Care Services Global Market Report 2023 by The Business Research Company, provides home health care and residential nursing care services market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Home Health Care And Residential Nursing Care Services Global Market Report 2023, the market size is expected to grow from $1,095.63 billion in 2022 to $1,155.36 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The home health care and residential nursing care services market is expected to grow to $1,370.63 billion in 2027 at a CAGR of 4.4%.
Access to health care services is expected to improve in developing countries, driving the nursing care market in those geographies.
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The home health care and residential nursing care services market is segmented:
1) By Type: Home Health Care Providers, Retirement Communities, Nursing Care Facilities, Orphanages & Group Homes
2) By End User Gender: Male, Female
3) By Type of Expenditure: Public, Private
The nursing care industry is adopting big data technologies to monitor patients’ health and offer appropriate care. Big data is large amounts of data that can be analysed to gain insights and drive decision-making. Big data allows the nursing care providers to access to a significant amount of data that can be used to aid health care professionals to identify future health risks and suggest suitable remedies. Home care providers can also use this data to identify the irregularities in the treatment of patients and improve the effectiveness of the treatment. For example, MJHS, a leading home care, palliative, and hospice provider in the US has adopted eCaring, a big data technology solution, to monitor a patient’s health every hour and track individual patient behaviors and health outcomes.
The home health care and residential nursing care services market report table of contents includes:
- Executive Summary
- Report Structure
- Home Health Care And Residential Nursing Care Services Market Characteristics
- Home Health Care And Residential Nursing Care Services Market Product Analysis
- Home Health Care And Residential Nursing Care Services Market Supply Chain
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- Key Mergers And Acquisitions In The Home Health Care And Residential Nursing Care Services Market
- Market Background: Healthcare Services Market
- Recommendations
- Appendix
- Copyright And Disclaimer
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