Smart technologies like wireless network technology are increasingly being used for medical residents in modern nursing care facilities. These technologies allow the residents to gain instant support from their caretakers. For example, Covidien has introduced a wireless device called BioPatch which continuously collects a patient’s physiologic data and monitors all vital body functions.
THE BUSINESS RESEARCH COMPANY VALUED THE NURSING CARE FACILITIES MARKET AT $239 BILLION IN 2017
North America was the largest geographic region accounting for nearly half of the global market. The USA was the largest country accounting for more than one third of the global nursing care facilities market.
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According to the Business Research Company’s Consultant, Nitin Gianchandani, integrated care services are being offered by an increasing number of companies and providers. Integrated care offers a wide variety of medical care at various levels of intensity including transitional hospital care, short-term rehabilitation, home health, hospice, palliative care and personal home care assistance, allowing the health care companies to provide services to patients in a range of settings. Some of the major home health service providers, such as Kindred Healthcare, are providing home integrated care services which are being adopted by patients.
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Brookdale Senior Living was the biggest player in the global nursing care facilities market, generating revenues worth $4.2 billion in 2016. Brookdale Senior Living’s growth strategy is to develop the Brookdale brand and innovation of product offerings that includes Brookdale Ancillary Services programs.
Nursing care facilities offer long-term and short-term care for individuals who need rehabilitation services or individuals who suffer from serious or persistent health issues. These establishments provide traditional nursing services and the other is skilled nursing services.
Global Nursing Care Facilities Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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