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.
The home health care service industry
consists of establishments that provide skilled nursing or medical care at an
individual’s home under the supervision of a physician.
The residential nursing care service
industry is comprised of establishments that provide inpatient nursing and
recuperation services.
past years with a CAGR of almost 4%. The year 2017 recorded high growth
in this market with a net market value more than 13% higher than that of 2013,
as per TBRC’s in-house consultants.
TBRC’s latest report show the historic
and future trends in the market for each year with sourced reasons to support
the growth claims.
The report also shows the
global home health care and residential nursing care services market to grow at
a higher CAGR by 2021 as compared to 2017, along with geographies best suited
for investments with highest return rate.
Sample
report:
Advances in medical technology have
changed patient monitoring patterns. The increasing demand for home health care
services led to increase in use of new homecare monitoring devices. Need for
extended patient monitoring is now increasing the uptake of wearable devices in
home health and residential nursing care settings. For instance, Covidien has
introduced Bio Patch Wireless Device which continuously collects a patient’s
physiologic data and monitors all vital body functions. Usage of wearable
devices can be more beneficial to home health and residential nursing care
service provides as these devices provide précised accurate results instantly.
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Companies included in the report are National
Health Service, Kindred Healthcare, Genesis
Healthcare, Brookdale Senior
Living, and Healthsouth.
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