Global Skilled Nursing Services Market Likely to Emerge over a Period of 2026
Global Skilled Nursing Services Market By Type of Connectivity (Connected to Hospital, Connected to Assisted Living Community, Connected to Both, Freestanding), Application (Man, Woman), (Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Skilled Nursing Services Market
Global skilled nursing services market is expected to register a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the increasing awareness of the benefits associated with the adoption of skilled nursing services in providing better quality of health care.
Market Definition: Global Skilled Nursing Services Market
Skilled nursing services are the services provided by highly trained professional nurses to patients in relation to wound dressings, monitoring the status of patients’ disease, rehabilitation, feeding, bathing, hygiene maintenance and other significant services. These services are provided by a professional service provider having a high volume of workforce of skilled nurses. These services are provided to healthcare facilities, hospitals, clinics or even for home care.
Market Drivers
- Increasing prevalence of geriatric population globally is expected to propel the growth of the market
- Growing volume of population suffering from dementia and Alzheimer’s disease is expected to boost the growth of the market
- Increased volume of patients suffering from a variety of chronic diseases which has been related to cause a rise of Alzheimer’s is another factor driving the market growth
Market Restraints
- Large levels of costs associated with these services is expected to restrict the growth of the market
- Lack of preference and acceptance rate for these services is expected to hinder the growth of the market
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Segmentation: Global Skilled Nursing Services Market
By Type of Connectivity
- Connected to Hospital
- Connected to Assisted Living Community
- Connected to Both
- Freestanding
By Application
- Man
- Woman
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- U.K.
- France
- Spain
- Netherlands
- Belgium
- Switzerland
- Turkey
- Russia
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Australia
- Singapore
- Malaysia
- Thailand
- Indonesia
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Rest of South America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In July 2019, Strategic Healthcare Programs, L.L.C. announced that they had enhanced their offerings with the introduction of “SHP for Skilled Nursing” software solution. SHP’s expertise in providing specialized solution for home, hospice and hospital facilities have been combined to provide high quality services for skilled nursing facilities. The software enables greater management capabilities and improvement of services
- In November 2017, SABER HEALTHCARE GROUP announced that they had implemented their first telemedicine program developed in partnership with TeleCare Partners Group. This program will be deployed throughout their skilled nursing facilities helping patients attain physician care during all times from the comforts of their bed
Competitive Analysis:
Global skilled nursing services market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of skilled nursing services market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global skilled nursing services market are Strategic Healthcare Programs, L.L.C.; SABER HEALTHCARE GROUP; Golden LivingCenters; Genesis HealthCare; Sunrise Senior Living; Life Care Centers of America Corporate; Atria Senior Living, Inc.; Brookdale Senior Living Solutions; EXTENDICARE; Amedisys; HCR ManorCare; Benchmark Senior Living; AdventHealth; Northern Regional Hospital; Lake Regional Health System; Shannon Medical Center; American Senior Communities; Norman Regional Health System among others.