Market Overview:
The global 24-hour nursing care facilities market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing geriatric population and rising demand for home healthcare services. In addition, the growing awareness about various types of nursing care facilities is also contributing to the growth of this market. Based on type, the global 24-hour nursing care facilities market can be segmented into hospice, nursing care, and assisted living facilities. Hospices are witnessing a high demand due to their palliative approach towards caring for terminally ill patients. Nursing homes are preferred by elderly people who need constant medical attention and assistance with activities of daily living (ADLs). Assisted living facilities offer independent living along with supportive services such as meals, laundry, transportation, and social activities for seniors who do not require full-time medical supervision or assistance with ADLs. Based on application, the global 24-hour nursing care facilities market can be segmented into female and male segments. Female patients account for a majority share in this market owing to their increased vulnerability to health problems such as osteoporosis and heart disease in old age.
Product Definition:
A 24-hour nursing care facility is a type of long-term care facility that provides around-the-clock nursing care to its residents. These facilities are typically for seniors who need assistance with activities of daily living (ADLs), such as bathing, dressing, and grooming. They also offer medication management, wound care, and other specialized services.
The importance of 24-hour nursing care facilities cannot be overstated. For many seniors, these facilities provide the necessary level of support and oversight needed to live safely and comfortably. They also offer peace of mind to loved ones who can rest assured knowing that their elderly relatives are being taken care of around the clock.
Hospice:
Hospice is a care provided to the terminally ill. It's main objective is to provide comfort care. The patients are given medical treatment and emotional support by hospice personnel.
Global Hospice, it's usage.
Nursing Care:
Nursing care and it's usage in 24-hour nursing care facilities market is expected to witness significant growth over the forecast period. The major drivers for this market are increasing geriatric population, rising prevalence of chronic diseases, and growing healthcare awareness among people. Moreover, an increase in government funding for the development of healthcare infrastructure is also anticipated to fuel the growth of this market during the forecast period.
Application Insights:
The application of the global 24-Hour Nursing Care Facilities market is segmented into female and male. The female application segment dominated the overall industry in 2017, accounting for a share of 60.0%. This is due to increase in number of childbirths and other gynecological procedures that require overnight stay at hospital for care. As a result, there has been an increase in demand for such facilities around the clock by calling or visiting them directly if necessary.
The male application segment is expected to grow at fastest rate during forecast period owing to increasing cases of prostate cancer and other genitourinary disorders that require longer hospital stays over night or through weekends as well as holidays.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of aging population and high healthcare expenditure are some factors driving the growth. In addition, favorable reimbursement policies for long-term care facilities are expected to boost demand over the forecast period. Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to increasing geriatric population and awareness about 24-hour nursing services among patients as well as their families. Moreover, government initiatives such as “Healthy India†campaign may propel regional market growth over the next eight years.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of around 7% during the forecast period. This will lead to an increase in the demand for nursing care facilities, as the elderly are more prone to various health conditions that require round-the-clock care.
- Rising awareness about 24-hour nursing care facilities: There is a growing awareness among people about the benefits of 24-hour nursing care facilities. This is leading more people to opt for such facilities, which is driving the growth of this market.
- Growing demand for home healthcare services: Home healthcare services are becoming increasingly popular due to their cost effectiveness and convenience compared with traditional hospital stays. This is contributing significantly to the growth of the 24-hour nursing care facilities market.
Scope Of The Report
Report Attributes
Report Details
Report Title
24-Hour Nursing Care Facilities Market Research Report
By Type
Hospice, Nursing Care, Assisted Living Facilities
By Application
Female, Male
By Companies
Brookdale Senior Living, Sunrise Senior Living, Emeritus Corporation, Atria Senior Living Group, Extendicare, Gentiva Health Services, Senior Care Centers of America, Kindred Healthcare, Genesis Healthcare Corp., Home Instead Senior Care, Brookdale Senior Living
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global 24-Hour Nursing Care Facilities Market Report Segments:
The global 24-Hour Nursing Care Facilities market is segmented on the basis of:
Types
Hospice, Nursing Care, Assisted Living Facilities
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Female, Male
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Brookdale Senior Living
- Sunrise Senior Living
- Emeritus Corporation
- Atria Senior Living Group
- Extendicare
- Gentiva Health Services
- Senior Care Centers of America
- Kindred Healthcare
- Genesis Healthcare Corp.
- Home Instead Senior Care
- Brookdale Senior Living
Highlights of The 24-Hour Nursing Care Facilities Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hospice
- Nursing Care
- Assisted Living Facilities
- By Application:
- Female
- Male
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 24-Hour Nursing Care Facilities Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A 24-Hour Nursing Care Facilities is a facility that provides round-the-clock nursing care to patients. These facilities are typically located in hospitals or long-term care facilities.
Some of the key players operating in the 24-hour nursing care facilities market are Brookdale Senior Living, Sunrise Senior Living, Emeritus Corporation, Atria Senior Living Group, Extendicare, Gentiva Health Services, Senior Care Centers of America, Kindred Healthcare, Genesis Healthcare Corp., Home Instead Senior Care, Brookdale Senior Living.
The 24-hour nursing care facilities market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 24-Hour Nursing Care Facilities Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 24-Hour Nursing Care Facilities Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 24-Hour Nursing Care Facilities Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the 24-Hour Nursing Care Facilities Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global 24-Hour Nursing Care Facilities Market Size & Forecast, 2020-2028
4.5.1 24-Hour Nursing Care Facilities Market Size and Y-o-Y Growth
4.5.2 24-Hour Nursing Care Facilities Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hospice
5.2.2 Nursing Care
5.2.3 Assisted Living Facilities
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Female
6.2.2 Male
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 24-Hour Nursing Care Facilities Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 24-Hour Nursing Care Facilities Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hospice
9.6.2 Nursing Care
9.6.3 Assisted Living Facilities
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Female
9.10.2 Male
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hospice
10.6.2 Nursing Care
10.6.3 Assisted Living Facilities
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Female
10.10.2 Male
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hospice
11.6.2 Nursing Care
11.6.3 Assisted Living Facilities
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Female
11.10.2 Male
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hospice
12.6.2 Nursing Care
12.6.3 Assisted Living Facilities
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Female
12.10.2 Male
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hospice
13.6.2 Nursing Care
13.6.3 Assisted Living Facilities
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Female
13.10.2 Male
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 24-Hour Nursing Care Facilities Market: Competitive Dashboard
14.2 Global 24-Hour Nursing Care Facilities Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Brookdale Senior Living
14.3.2 Sunrise Senior Living
14.3.3 Emeritus Corporation
14.3.4 Atria Senior Living Group
14.3.5 Extendicare
14.3.6 Gentiva Health Services
14.3.7 Senior Care Centers of America
14.3.8 Kindred Healthcare
14.3.9 Genesis Healthcare Corp.
14.3.10 Home Instead Senior Care
14.3.11 Brookdale Senior Living
