Editorial - Clinical Investigation (2019) Volume 9, Issue 4

Market growth of Nursing Care Research in the last and upcoming ten years

Corresponding Author:
Susan E. Mazer
President/CEO, Healing HealthCare Systems, Patient Experience and Healing Environments Thought Leader, Huff Post Blogger, E-mail:
[email protected]

Nursing Research 2020 Conference provide a worldwide stage to worldwide systems administration and trading most recent developments in nursing and healthcare. Offering opportunity to go to the presentations conveyed by eminent experts from everywhere throughout the world. Participating in Nursing Research Congress gives an approach to meet, cooperate with, and make contacts with different specialists in your claim to fame region. Most meetings will have creators, analysts, or clinicians who are perceived specialists in the field. Nursing conferences unites people who have an enthusiasm for various fields  of nursing like psychiatric, cancer, cardiac, critical care, adult & women health, legal, pediatric and emergency nursing, midwifery, public health, healthcare and medicine from practice, research, administration, policy and education.

The past three decades have witnessed a remarkable growth in nursing Care development. In both Korea and the United States, nurse scientists are poised to address important issues related to the prevention and management of significant health care problems. The need for greater nursing Care development in the areas of self-management, genetics, and geriatrics, health promotion across the lifespan, technology, and mental health are briefly highlighted. Future research efforts will be enhanced by interdisciplinary collaboration and the creation of international nursing research centers. At the same time, we need to remain cognizant of the importance of mentoring future nursing Care.

Market Insights

Globally

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 Centre 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

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.

Nurses are responsible for assessing a patient, giving medicines and  treatments.  Nurses  also   develop   and   manage nursing care plans. Nursing care includes prevention and cure of diseases. Nursing care includes approaches of personalized care with more safety, convenience, and comfort. The global nurse call equipment system market size was valued at USD 870 million in 2016 and is projected to grow at a CAGR of 13.7% over the forecast period. North America followed by Europe is dominating the global nursing care market due to high healthcare expenditures. The U.S. is dominating the North American nursing care market due to an increasing prevalence of diseases. Asia is expected to show a high growth rate in the next five years.

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