Skilled Nursing Care Services Market Benefits from Rise in Global Geriatric Population
A new study by Transparency Market Research (TMR), titled “Skilled Nursing Care Services Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” presents a comprehensive analysis of this market, highlighting the major market trends in various geographical segments.
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According to the research report, the easy access to treatments offered by skilled nursing care services to people suffering from various chronic and degenerative medical such as Huntington’s disease, Alzheimer’s, cancer, Parkinson’s disease, osteoarthritis, rheumatoid arthritis, and ALS has propelled the popularity of skilled nursing care services, leading to a significant rise in their demand. Experts project this demand to increase remarkably over the next few years.
On the basis of geography, the research report segments the worldwide market for skilled nursing care services into Europe, North America, Asia Pacific, and the Rest of the World. North America has acquired the leading position in the global market and is closely followed by Europe.
The market for skilled nursing care services in North America has been driven by the presence of a favorable reimbursement scenario, a highly advanced healthcare infrastructure, a well-defined regulatory framework, and high awareness level regarding the benefits offered by skilled nursing care services. This region is projected to continue its leading streak throughout the forecast period.
Although analysts foresee a thriving future for skilled nursing care services in North America over the years to come, Asia Pacific, however, is anticipated to present the most attractive growth prospects to skilled nursing care services providers across the world. The high unmet medical needs, the advancement in healthcare infrastructure, and the rise in government initiatives to improve access to healthcare services are the key factors that are expected to propel the skilled nursing care services market in Asia Pacific in the near future.
The presence of a large population base in China and India and the rapidly rising medical tourism industry in these countries is also projected to fuel the demand for skilled nursing care services in Asia Pacific over the forecast period. However, the presence of joint family culture, specifically in India, may hamper the adoption of these services to some extent.
Japan also exhibits significant potential for growth in the market for skilled nursing care services due to the increased focus of the Japanese government on the advancement of the healthcare facilities in the nation.
Similarly, Brazil, Argentina, and Mexico are likely to witness steady growth in their markets for skilled nursing care services in the years to come. However, the markets in African countries will experience sluggish growth due to the lack of supportive economic conditions, states the research report.
Sun Healthcare Group Inc., Golden Living, Genesis Healthcare, Gentiva, Atria, Extendicare Inc., Amedisys, Emeritus Corp., Kindred Healthcare, Sunrise Senior Living Inc., Lincare, Lifecare Centers of America, Apria Healthcare Group Inc., Manor Care Inc., and Brookdale Senior Living are some of the key providers of skilled nursing care services across the world.
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