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This “Global market opportunities for home health and residential care services and strategies for 2030: the impact and recovery of COVID-19” Report has been added to ResearchAndMarkets.com provide.
Home health and residential care services global market opportunities and 2030 strategy: COVID-19 impact and recovery provides strategists, marketers and senior managers with the key information needed to evaluate the global home health and residential care services market. It is from COVID-19 -19 Appeared in closing.
In 2020, the global home health care and residential care services market is valued at approximately 957.556.6 billion U.S. dollars, and has grown at a compound annual growth rate (CAGR) of 2.2% since 2015. The market is expected to grow from USD 957,556,600 in 2020 to USD 1,273,615,300 in 2025, a growth rate of 5.9%.
The market is expected to grow from USD 1,273,615,300 in 2025 to USD 1,625,929,950 in 2030, with a compound annual growth rate of 5.0%.
The rapid growth in the size of the elderly population, the strong growth of emerging market economies, the changes in the social structure and the reform of medical insurance are the growth of the nursing market in the historical period. Factors that have negatively affected economic growth in historical periods are the low health care opportunities in some countries, the shortage of skilled human resources, insufficient insurance coverage, and weak wage growth in advanced economies.
Looking to the future, increased demand for community life, technological development, and an increasingly busy and sedentary lifestyle will drive growth. Factors that may hinder the growth of this market in the future include shortage of skilled human resources, insufficient public medical insurance coverage, the impact of COVID-19, and the increasing number of family health entities going bankrupt.
The home care and residential care service market is broken down by type into home care providers, retirement communities, nursing facilities, orphanages and collective homes. The nursing facility market is the largest part of the family…
The full story on Benzinga.com
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