The comprehensive market analysis on Nursing Homes and Long-Term Care Facilities is a result of meticulous steps in market research methodology, encompassing surveys, focus groups, personal interviews, observations, and field trials. Its insights pave the way for a thriving business, presenting pivotal suggestions for new projects within this sector before assessing their feasibility. Packed with essential data, this report holds the key to market dominance and establishing a noteworthy presence as a newcomer.

Beyond a mere compilation of industry statistics, this report serves as a dynamic resource, offering current and forthcoming technical and financial insights. Understanding consumer trends and supply chain dynamics is paramount, enabling strategic decision-making in sales, marketing, and promotional endeavors within the expansive realm of Nursing Homes and Long-Term Care Facilities.

The report's global perspective doesn't just outline market trends; it delves into the profiles of associated companies, providing valuable information on their financial outlooks, product portfolios, investment strategies, and business tactics. Projections suggest significant growth in this sector from 2023 to 2030, driven by the anticipated increase in usage of long-term care services by individuals aged 65 and above. This shift toward personalized care from traditional hospital settings underscores the importance of tailored solutions for those unable to independently manage due to chronic or multiple illnesses.

 Data Bridge Market Research analyses that the global nursing homes and long-term care facilities market which was USD 1,090.00 million in 2022, is expected to reach USD 2,171.89 million by 2030, and is expected to undergo a CAGR of 9.0% during the forecast period of 2023-2030. This indicates that the market value. "Web-based" dominates the mode of delivery segment of the global nursing homes and long-term care facilities market due to increasing awareness about nursing homes and long-term care facilities. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Numerous factors shape the demand within this sector, with individual health and functionality playing a pivotal role in determining the preferred care options. As the market evolves, staying abreast of these dynamics becomes instrumental in catering to the evolving needs within Nursing Homes and Long-Term Care Facilities.

 

Key Growth Drivers:

  • Increasing Elderly Population

According to World Population Prospects 2020, the world population over the age of 65 was 703 million in 2020. The number of older people is expected to double by 2050 to reach 1.5 billion. The global proportion of the elderly population is projected to increase from 6% in 1990 to 9% in 2020 and further to 16% by 2050, with one in six people worldwide 65 years old. There was also a shift from hospitals to home care.

  • Increasing Incidence of Dementia

The hospice services segment is expected to experience the fastest growth during the forecast period due to the increased incidence of Alzheimer's disease and dementia and increased post-hospital care. In addition, compensation provided by both Medicaid and private insurance companies freed residents from the out-of-pocket costs they had to pay.

The report outlines the involvement of key players, including:

Allscripts Healthcare LLC (U.S.), Atria Senior Living, Inc.,LLC (U.S.), ADL Data Systems, Inc. (U.S.), Omnicell, Inc. (U.S.), Netsmart Technologies, Inc. (U.S.), ResMed (U.S.), McKesson Corporation (U.S.), PointClickCare (Canada), MatrixCare (U.S.), Extendicare (Canada), Genesis Healthcare (U.S.), Home Instead, Inc (U.S.), Knight Health Holdings, LLC (U.S.), Trinity Health (U.S.), Columbia Asia (Malaysia), among others.

Key Market Segmentation

Product (EHR, eMAR, Payroll Management), Mode of Delivery (Web-Based, On-Premises, Cloud-Based)

The Nursing Homes and Long-Term Care Facilities market report includes the following countries in different regions:

The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here's an overview of the regions and the countries they include:

  1. North America: United States, Canada, and Mexico.
  2. Europe: Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and other European countries.
  3. Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and other Asia-Pacific countries.
  4. Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and other countries in the Middle East and Africa region.
  5. South America: Brazil, Argentina, and other countries in South America.

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