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U.S. Nursing Care Market Size to Cross USD 460 Billion by 2025 – Arizton

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U.S. Nursing Care Market Size to Cross USD 460 Billion by 2025 – Arizton

November 30
14:24 2020

The U.S. nursing care market size is valued at USD 460 billion in 2020 and expected to grow at a CAGR of 6% during 2020-2025.

 

The market is expected to be driven by the rising incidence of chronic disorders in the US, which can be attributed to the busy and sedentary lifestyle of people. Also, the US has a high population with a sedentary lifestyle. Colorado is the healthiest state in the US, with physical inactivity accounting for 16.45% of the total population. This lifestyle is expected to affect the physical, mental, social, and emotional aspects of a person. Furthermore, in the future, it is expected that more jobs in the US will require sitting in the office for a longer duration of time, leading to multiple chronic conditions and disability.

 

The following factors are likely to contribute to the growth of the market during the forecast period:

  • Technological Development
  • Increase in Sedentary Lifestyles
  • Value-based Purchasing and Patient-Driven Payment Model
  • Geriatric Population and Chronic Diseases

 

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 U.S. Nursing Care Market – Segmentation

 

Hospice care is designed to give support to people in the final phase of a terminal illness. The focus of this type of care is to provide comfort and make the procedure painless rather than cure. Furthermore, it also provides support for the patient’s emotional, social, and spiritual needs. Hospice programs generally are home-based, but they sometimes provide services in freestanding facilities, in nursing homes, or within hospitals. Hospice care includes the services of a nurse, doctor, social worker, and clergy in providing care. The US hospice market is expected to grow at a CAGR of over 9% during the period 2029−2025. The rising geriatric population, combined with increasing chronic diseases and age-associated diseases, is expected to boost the hospice segment of the nursing care market.

 

U.S. Nursing Care Market by Service Type

  • Hospice
  • Home Healthcare
  • Assisted Living Facility
  • Skilled Nursing Facility

U.S. Nursing Care Market by Expenditure  

  • Public
  • Private

U.S. Nursing Care Market by Gender

  • Male
  • Female

 

U.S. Nursing Care Market – Geography

 

The US assisted living facility is expected to grow at a CAGR of over 6% in the forecast period. Individuals residing in assisted living facilities seek companionship, security, and assistance with daily activities. An assisted living facility cannot claim for Medicare reimbursement as they do not abide by federal regulations. Increased life expectancy, growing income from the senior population, their willingness to stay independent, growing retirement savings, and the desire to live in senior housing communities for better healthcare and quality of life are expected to boost the market during the forecast period. Adults suffering from various mental illnesses or physical disabilities require long term care to live properly in society. In the US, mental illness was the costliest disorder and is expected to grow exponentially in the assisted living industry.

 

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U.S. Nursing Care Market by Geography

  • North America
    • US
    • Canada

 

U.S. Nursing Care Market – Vendor Profiles

 

Key Vendors

  • Brookdale Senior Living
  • Sunrise Senior Living
  • Diversicare
  • Amedisys
  • Kaiser Permanente
  • Ensign Group

 

Other Prominent Vendors

  • 24/7 Nursing Care
  • A-1 ACTION NURSING CARE
  • A-1 Nursing Care
  • AdventHealth
  • Affinity Living Group
  • All Ways Caring
  • Allamericancare
  • American House
  • Apple Home Healthcare
  • At Home Healthcare
  • At Home Nursing Care
  • Atria Senior Living
  • BAYADA Home Health Care
  • Bickford Senior Living
  • BrightStar Care
  • Bristol Hospice
  • Brotoloc North
  • Capital Senior Living
  • Century Park
  • Compassionate Nursing Services
  • Elmcroft Senior Living
  • Encompass Health
  • Enlivant
  • Erickson Living
  • Evangelical Community Hospital
  • Frontier Management
  • HCR ManorCare
  • Holiday Retirement
  • Hospice of Southern Illinois
  • Hospice of the Valley
  • Human Touch Home Health Care
  • LCS
  • Life Care Centers of America
  • Living Assistance Services
  • Nurse Care of North Carolina
  • Nurse Next Door
  • Pacifica Senior Living
  • Preferred Care
  • Premier Home Health Care Services
  • PruittHealth
  • Right at Home
  • Senior Lifestyle
  • Seasons Hospice & Palliative Care
  • Senior Care Centers
  • Trinity Health
  • Valeo Home Health & Hospice
  • Visiting Nurse Service of New York
  • VITAS

 

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About Arizton Advisory & Intelligence

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize fool proof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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