London, UK -- (SBWIRE) -- 02/03/2020 -- The nursing care market consists of sales of home health care and residential nursing care services and related goods by entities (organizations, sole traders and partnerships) that provide home health care and residential nursing care. This industry includes establishments that provide home healthcare services, nursing care facility services, personal services, counselling services, vocational therapies, rest home services, social services, and nutritional services.

Going forward, faster economic growth, technological developments and increasingly busy and sedentary lifestyles will drive growth. Factors that could hinder the growth of this market in the future include shortages of skilled human resources, insufficient public health insurance coverage, and a rising number of home health entities falling into insolvency.

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Nursing Care Market Segmentation:-
By Service Type- The nursing care market can be segmented by service type into
1.Home Health Care Providers
2.Nursing Care Facilities
3.Group Care Homes
4.Retirement Communities

Retirement communities had the highest growth rate of nearly 8% during the historic period. The fastest growth in the historic period can be attributed to the changes in lifestyles of aged people and busy lifestyles of career-oriented population that decreased the number of family members staying at home and providing care to elderly, which overall influenced positively on the image of retirement communities.

By End User Gender- The nursing care market can be segmented by end user gender into
a) Female Nursing Care
b) Male Nursing Care

Growth has accelerated in both the segments of the global nursing care market by end-user gender.

By Type Of Expenditure - The nursing care market can be segmented by type of expenditure into
a) Public Expenditure
b) Private Expenditure

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By Geography - The nursing care market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

North America is the largest market for nursing care, accounting for almost 40% of the global market. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the Middle East and Asia-Pacific will be the fastest growing regions in this market.

Some of the major key players involved in the nursing care market are Genesis Healthcare, Kaiser Permanente, Brookdale Senior Living, Kindred Healthcare, The Ensign Group, Inc., Encompass home health, Brookdale Senior Living, Memorial Sloan Kettering, ParaMed Home Health Care, Almost Family, Trinity Health, Care UK, Apollo Hospital, PineTre, Senior Helpers, Wellcare Home Medicals, Greymate Care, Blue Torch Home Care Limited, Bayti Home Health, Salam Medical.

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