Market Analysis - Neonatal Nursing Congress 2020
The global long term care market size was valued at USD 705 billion in 2015 and is expected to grow at a CAGR of around 5% over the forecast period. In September 2015, the Housing America’s Older Adults-Meeting the Needs of an Aging Population and Harvard Joint Center concluded in their new research that by 2030, the percentage of people aged over 50 in the U.S. is expected to exceed by 70%. Moreover, in January 2016, the AARP declared a free income tax assistance service for people aged 60 and above. The out-of-pocket burden for long term care facilities is high, especially for the nursing care.
North America dominated the long term care market in 2015 owing to the increasing aging population, government funding, and the implementation of the streamlined regulatory framework. Around 60% of the funding for long term care in the U.S. comes from the Medicaid. By 2050, it is expected that one in five Americans would be at least 65 years of age. The funding is set to increase with the implementation of the Patient Protection and Affordable Care Act.
Asia Pacific is expected to grow at the fastest CAGR of 6.2% over the forecast period owing to the increasing number of people diagnosed with chronic illnesses. Moreover, international care homes are also investing in countries such as India and Japan. For instance, in October 2013, BAYADA Home Health Care, a home healthcare giant based in the U.S. acquired 26% stake of India Home Health Care (IHHC).In India, 65% of the hospital visits can be managed at home. In May 2016, My Care Line raised USD 526,000 for its alliance with Hoffman World. The Spanish Company provides Hoffman methodology of rehabilitation. In India, Portea is one of the market leaders in the home healthcare industry. In September 2015, Portea raised USD 37.5 million for investing in better home healthcare facilities.
Competitive Market Share Insights
- Brook dale Senior Living, Inc.,
- Sunrise Senior Living, Inc.,
- Emeritus Corporation,
- Atria Senior Living Group,
- Extendicare, Inc.,
- Gentiva Health Services, Inc.,
- Senior Care Centers of America,
- Kindred Healthcare, Inc.,
- Genesis Healthcare Corp.,
- Home Instead Senior Care, Inc.
Industry Report - Industry SWOT Analysis Chapter
The Nursing Care Facilities industry is in the mature stage of its life cycle. Over the 10 years to 2021, industry value added (IVA), which measures the industry's contribution to the US economy, is expected to grow at an average annual rate of 3.4%. This growth rate indicates that the industry will expand faster than GDP, which is projected to increase at an annualized rate of 2.2% over the same period. While demographic trends will continue to promote industry growth, nursing care facilities have been part of American communities since the early 20th century.
Industry Analysis & Industry Trends
Over the five years to 2021, the industry is expected to continue expanding. Continued aging of the population, which is expected to accelerate over the five-year period, will drive industry growth.
Global Skilled Nursing Care Services Market, By Type of Connectivity-
- Connected to hospital
- Connected to assisted living community
- Connected to both hospital and assisted living community
Major regions analysed under this research are:
- North America
- Asia Pacific
34th Global Experts Meeting on Neonatal Nursing and Maternal Healthcare to be held on May 13-14, 2020 in Tokyo, Japan.
Neonatal Nursing Congress 2020 aims to gather leading educational scientists, researchers and research students to exchange & share their experiences and research results about all aspects of Pediatrics & Neonatal Nursing.
We invite all the Pediatricians, Neonatologists, Pediatric Surgeons, Nursing practitioners, Pediatric Urologists, researchers, Professors, Associate Professors in the field of, Pediatric, Neonatal Nursing, Nephrology, Gastroenterology, Endocrinology, Child Abuse, Diabetes, Pediatric Cardiology people who believe in Medicines to explore their research, case studies and practitioners of Pediatric medicine at Neonatal Nursing Congress 2020 in Tokyo, Japan.