New York, February 24, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Global Market Report of Home Health Care and Residential Care Services 2021: Impact and Recovery of COVID 19 to 2030” – https: // www.reportlinker.com/p06027727/?utm_source=GNW
The home health care and residential nurse care market is expected to grow from $ 957.56 billion in 2020 to $ 1007.32 billion in 2021 at a complex annual growth rate (CAGR) of 5.2%. The growth is largely due to the companies reorganizing operations and recovering from the effects of COVID-19, which had previously introduced restrictive measures including social distance , remote operation, and closure of commercial activity leading to operational challenges. The market is expected to reach $ 1273.62 billion in 2025 at a CAGR of 6%.
The home health care and residential nurse care services market includes the sale of home health care and residential nurse care services and related products by organizations (organizations, sole dealers and partnerships) that provide home health care. and residential nurse care, including personal services, counseling services, occupational therapies, respite home services, social services and nutrition services. The home health care market and residential nurse care services are divided into home health care providers; foster care facilities; orphans & group homes; and retirement communities.
Western Europe was the largest segment in the home health care and residential nurse care services market, accounting for 43% of the market in 2020. North America was the second largest segment in accounted for 33% of home health care and residential nurse care services market.
Africa was the smallest segment in the home healthcare market and residential nurse care services.
The foster care industry is embracing big data technologies to monitor patients ’health and offer appropriate care. Big data is a lot of data that can be analyzed to gain insight and guide decisions.
Big data gives foster care providers access to a wealth of data that can be used to help health care professionals identify future health risks and recommend appropriate treatments. Care providers can also use this data to improve irregularities in the treatment of patients and the effectiveness of treatment.
For example, MJHS, a leading provider of home care, palliative care and hospitalization in the U.S. has adopted eCaring, a big data technology solution, to monitor patient health on an hourly basis and monitor individual patient behavior and health outcomes.
The nursing care market is expected to be constrained by a shortage of doctors, consultants, nurses and carers in developed and developing countries. There is a high shortage of healthcare professionals in developing countries as demand for foster care rises.
For example, according to the World Health Organization (WHO), as of 2018, there was a shortage of about 4.3 million workers in the global healthcare workforce, which included nurses and care workers community health. Developed countries are also experiencing the same kind of crisis. According to an AAMC report, the U.S. is currently addressing a shortage of doctors, especially primary care physicians. According to the World Bank, there are only 2.5 doctors in each country for every 1000 people. This is mainly due to a lack of proper skills, and a lack of proper education and work experience among the candidates. Going forward, the shortage of health care workers appears to continue to be a barrier to the nursing care market.
Access to healthcare services in developing countries is expected to improve, leading the nursing care market in those areas. Effective implementation of health plans is the main reason for improvement in access to health care in many developing countries such as India, China and Latin American countries. .
Some country-specific health reforms set up to improve access to healthcare include Urban Residents Basic Medical Insurance in China and New Rural Cooperative Medical Insurance schemes , Brazilian Unified Health System and Mexico Popular Health Insurance. Improvements in healthcare access are expected to have a positive impact on the growth of the nursing care market.
Read the full report: https://www.reportlinker.com/p06027727/?utm_source=GNW
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