NURSING CARE SERVICES MARKET ANALYSIS

Nursing Care Services MarketSize and Trends

Rising geriatric population to fuel the growth of nursing care services market

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. According to World Health organization (WHO), there are around 47.5 million patients suffering from dementia globally every year. Moreover, the increasing geriatric population is also stimulating the growth of nursing care services market. The data given by Centers for Disease Control and Prevention (CDC) informs that in 2014, there were around 15,600 number of nursing homes in the U.S. in that the proportion for nursing care services for-profit ownership was 69.8%.

The global nursing Care Services market is segmented by patients group, type of connectivity, and industry product.

Growing patient population of Alzheimer’s disease contributing to the progress of nursing care services market in North America

Regional segmentation of   nursing Care Service market by Coherent Market Insights comprises of North America, Latin America, Europe, Asia Pacific, the Middle East and Africa. North America holds the major share in the nursing care services market due to the increased awareness about importance of nursing care services in this region, well defined regulatory framework of this region, and provision of reimbursement coverage. Additionally, growing cases of chronic diseases which requires special care facilities is driving the growth of nursing care services in this region. For instance, the data provided by Alzheimer’s Association in Alzheimer’s disease Facts 2017  the number of people with Alzheimer’s are estimated 5.3 million of 65 age and older and 200, 000 young individual with Alzheimer’s disease in U.S.

Market- Trends

Growing cases of chronic diseases which requires special care facilities is driving the growth of nursing care services in this region.