Nursing Homes and Long-Term Care Facilities market research report has been formulated by using basic steps to conduct market research analysis which includes survey, focus groups, personal interviews, observations and field trials. The report helps achieve a dream of an outshining and winning business. This business report also makes some important proposals for a new project of Nursing Homes and Long-Term Care Facilities market before evaluating its feasibility. This market report comprises of data that can be quite essential when it comes to dominating the market or making a mark in the market as a new emergent. The market research report is a resource, which provides current as well as upcoming technical and financial details of the industry.

By understanding the trends in consumer and supply chain dynamics, this large scale Nursing Homes and Long-Term Care Facilities market report helps to draw the strategies about sales, marketing, and promotion. In a rapidly changing marketplace, companies must opt for a broad range to have an effectual business growth and this market report is right there to serve this purpose at the best. This report contains a chapter on the global Nursing Homes and Long-Term Care Facilities market and all its associated companies with their profiles, which gives valuable data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies.

Data Bridge Market Research analyses that the global nursing homes and long-term care facilities market which was USD 1,090.00 million in 2022, is expected to reach USD 2,171.89 million by 2030, and is expected to undergo a CAGR of 9.0% during the forecast period of 2023-2030. This indicates that the market value. "Web-based" dominates the mode of delivery segment of the global nursing homes and long-term care facilities market due to increasing awareness about nursing homes and long-term care facilities. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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The market of nursing homes and long-term care facilities is expected to witness significant growth during the forecast period 2023-2030. People aged 65 are expected to be more likely to use certain long-term care services in the future. There was also a shift from hospitals to home care. Long-term care is the support of the elderly who are unable to care for themselves due to physical or mental illnesses such as chronic or multiple illnesses. Many factors and aspects influence demand in nursing homes anthe d long-term care market. Individual health and functioning have had a major impact on determining the options they deem valuable.

Key Growth Drivers:

  • Increasing Elderly Population

According to World Population Prospects 2020, the world population over the age of 65 was 703 million in 2020. The number of older people is expected to double by 2050 to reach 1.5 billion. The global proportion of the elderly population is projected to increase from 6% in 1990 to 9% in 2020 and further to 16% by 2050, with one in six people worldwide 65 years old. There was also a shift from hospitals to home care.

  • Increasing Incidence of Dementia

The hospice services segment is expected to experience the fastest growth during the forecast period due to the increased incidence of Alzheimer's disease and dementia and increased post-hospital care. In addition, compensation provided by both Medicaid and private insurance companies freed residents from the out-of-pocket costs they had to pay.

The report outlines the involvement of key players, including:

Allscripts Healthcare LLC (U.S.), Atria Senior Living, Inc.,LLC (U.S.), ADL Data Systems, Inc. (U.S.), Omnicell, Inc. (U.S.), Netsmart Technologies, Inc. (U.S.), ResMed (U.S.), McKesson Corporation (U.S.), PointClickCare (Canada), MatrixCare (U.S.), Extendicare (Canada), Genesis Healthcare (U.S.), Home Instead, Inc (U.S.), Knight Health Holdings, LLC (U.S.), Trinity Health (U.S.), Columbia Asia (Malaysia), among others.

Key Market Segmentation

Product (EHR, eMAR, Payroll Management), Mode of Delivery (Web-Based, On-Premises, Cloud-Based)

The Nursing Homes and Long-Term Care Facilities market report includes the following countries in different regions:

The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here's an overview of the regions and the countries they include:

  1. North America: United States, Canada, and Mexico.
  2. Europe: Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and other European countries.
  3. Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and other Asia-Pacific countries.
  4. Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and other countries in the Middle East and Africa region.
  5. South America: Brazil, Argentina, and other countries in South America.

 

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