Market Analysis - Public Health Nursing 2020
Conference Series LLC Ltd scheduled 1000+ annual scientific conferences, 2000+ International workshops, seminars, exhibitions and symposia for 2020. Public Health Nursing Conference would offer a powerful global forum to encourage dialogue on the advancements related to public health and Nursing.
Global Nursing Market:
The global nursing care market reached a value of nearly $855.9 billion in 2018, having grown at a compound annual growth rate (CAGR) of 6.8% since 2014, and is expected to grow at a CAGR of 8.6% to nearly $1,191.2 billion by 2022.
The nursing care facilities market was the largest segment of the nursing care market in 2018 at 43.6%. The retirement communities’ market is expected to be the fastest-growing segment going forward at a CAGR of 9.7%. North America is the largest market for nursing care, accounting for 38.8% of the global market. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the Middle East and Asia-Pacific will be the fastest growing regions in this market, where growth will be at CAGRs of 15% and 14.6% respectively. These will be followed by Africa and South America where the markets are expected to grow at CAGRs of 13.9% and 11.2% respectively.
The global healthcare services market, of which the nursing care market is a segment, reached a value of nearly $6707.3 billion in 2018, having grown at 7.6% since 2014. It will grow at a compound annual growth rate (CAGR) of 9.3% to nearly $9581 billion by 2022. The nursing care market was the third largest segment in the global healthcare services market in 2018, accounting for 12.8% of the healthcare services market. The hospitals and clinics market were the largest segment of the healthcare services market, accounting for 55.1% of the total, worth $3693.4 billion globally, and has grown at a CAGR of 8.2% during the historic period. It is expected to grow at a CAGR of 9.9% during the forecast period. The top opportunities in the global nursing care market will arise in the nursing care facilities segment which will gain $126.1 billion of global annual sales by 2022. The nursing care market size will gain the most in the USA at $55.23 billion.
Global health care expenditures are expected to continue to rise as spending is projected to increase at an annual rate of 5.4 percent between 2017-2022, from USD $7.724 trillion to USD $10.059 trillion. There is an exponential increase in the pace and scale with which digital health care innovations are emerging.
Major competitors of the U.S. in the market are medical device manufacturers from Germany and other European economies. The local production in Singapore though is primarily for export or contract manufacturing.
Singapore is a renowned regional hub for many healthcare-related sectors, namely pharmaceutical, medical technology and medical tourism. In Singapore, private clinics and hospitals cater to 80% of the primary healthcare needs while government polyclinics provide the remaining 20%. However, the reverse applies for more costly hospitalization care; 80% public, 20% private. Locals tend to visit public healthcare establishments over their private counterparts due to its lower fees and at the same time, comparable medical services. However, this popularity has resulted in a longer waiting time (up to a maximum of 3 hours) for beds in public hospitals, a problem that is not really faced by the private hospitals.
Singapore’s medical tourism industry is something not to be missed with over 850,000 medical tourists arriving in Singapore in 2012 and this number is expected to grow at a rate of 11.9% annually. With upcoming Sengkang General and Community Hospital, Outram Community Hospital, Integrated Care Hub, and Woodlands General Hospital in the next 5 years, there will be an addition of 3,200 acute hospital beds, and 1,050 community hospital beds. Further, Singapore's hospital bed to 1,000 people ratios will incline to 2.6-2.8 during 2020-2030. Healthcare expenditure to triple by 2030 with ageing demographics. Based on the projected Singapore's population growth to 2030, healthcare expenditure is estimated to triple by 2030, rising to SGD 44 billion from SGD 17 billion in 2013. Personal healthcare expenditure would rise to SGD 28 billion from SGS 11 billion in 2013, comprising 64% of total healthcare expenditure, implying the potential growth in private healthcare.
Distinguished speakers from different parts of the world would be delivering vital and thought-provoking information on all key topics at Public Health Nursing 2020, unveiling the recent innovations in cancer research. These presentations are open to all types of research approaches both from academia as well as industries. Significant features of these scientific events are the well-structured scientific sessions, research presentations on recent researches, workshops, symposia and B2B meetings among Academicians, Researchers and Industry key leaders. Besides that, Poster Presentations, Young Researchers Forum and Live streaming of the talks connects the scientific world together and brings them all beneath a single roof.
ConferenceSeries LLC Ltd extends its welcome to Public Health Nursing 2020 during April 29-30, 2020 at Singapore with a theme "A track to the evaluation of Global Public Health Nursing modernizations and challenges".
ConferenceSeries LLC Ltd Organizes 1000+ Conferences Every Year across USA, Europe & Asia with support from 1000 more scientific societies and Publishes 700+ Open access journals which contains over 100000 eminent personalities, reputed scientists as editorial board members.
Scope and Importance
Public Health Nursing 2020 Congress aims to discover advances in Public Health and Nursing practice, Healthcare management and education in relation to health disparities. According to the World Health Organization (WHO), the United States spent more on health care per capita ($8,608), and more as percentage of its GDP 17.2%, than any other nation in 2011. Total U.S. spending on health care increased 5.3 percent last year – topping $3 trillion overall – health care funded by the federal government rose by 11.7 percent, to nearly $844 billion in 2014. According to the reports, The United States spends around $8,700 per capita each year on health care by far the most of any country in the world, more than double the OECD average and well more than second place Switzerland. United States spent 16.4% of its GDP on health care in 2013 and estimated to increase by 2018. The concentration of practicing nurses exceeded the OECD (Organization for Economic Cooperation and Development) average in all the 10 countries spending the most on health.