Home health care refers to wide range of health care services that are provided to individuals at their residence for any illness or injury. Residential nursing care refers to provision of long- or short-term care for individuals who suffer from serious or persistent health issues or need recuperation services.
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The global health care and residential nursing care services market is valued at $812 billion in 2017 due to the aging population. The need for home healthcare and residential nursing care services and products is high for older people with chronic diseases.
The global health care and residential nursing care services market in The Business Research Company’s report is segmented into home care providers, nursing care facilities, orphanages & group homes and retirement communities. While the first two segments account for three-fourth of the market share, the remaining is attributed to the orphanages & group homes and retirement communities’ segments.
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The USA was the largest country in the home health care and residential nursing care services market in 2017, accounting for more than one-third of the market share. This was the result of the economic growth which will continue to rise. The USA was followed by Germany and Japan.
National Health Service (NHS) was the largest company in home health care and residential nursing care services, followed by Kindred Healthcare and Genesis Healthcare. National Health Service is the publicly funded health care system created under the UK’s National Health Service Act. NHS offers homecare and care services.
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