Market Challenges And Opportunities

However, some restraints that are hindering the growth of nursing care services market include low acceptance of these services, high cost, reduced government funding, and reduction in medicaid and medical reimbursements. For instance, the current data published in Modern Health Talk (mHealthTalk) with U.S Department of Health and Services, the cost of nursing care services are expensive and around $83,000 per year for a private room and the Medicaid expenses paid by federal government are around 57% annually.

Market Drivers

Increase in number of patients with chronic diseases such as Alzheimer’s disease and dementia is the major driving factor for the growth of nursing care services market.