Nursing Care / Services

Global Nursing Care / Services Market to Reach US$676.8 Billion by 2030

The global market for Nursing Care / Services estimated at US$494.2 Billion in the year 2024, is expected to reach US$676.8 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2024-2030. Home Healthcare Providers, one of the segments analyzed in the report, is expected to record a 6.1% CAGR and reach US$365.3 Billion by the end of the analysis period. Growth in the Retirement Communities segment is estimated at 4.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$133.4 Billion While China is Forecast to Grow at 8.9% CAGR

The Nursing Care / Services market in the U.S. is estimated at US$133.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$143.3 Billion by the year 2030 trailing a CAGR of 8.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.0% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Global Nursing Care Services Market - Key Trends & Drivers Summarized

Why Is the Demand for Nursing Care Services Increasing?

Nursing care services are in high demand due to the rapidly aging global population and the growing prevalence of chronic diseases. With life expectancy increasing, many elderly individuals require long-term care services to manage conditions such as diabetes, cardiovascular diseases, and dementia. Nursing care services encompass a wide range of options, including home healthcare, residential care facilities, and specialized nursing homes. These services are crucial for providing day-to-day medical care, rehabilitation, and assistance with activities of daily living. As healthcare systems around the world face pressure from rising patient loads, nursing care services are becoming an essential part of the healthcare ecosystem, ensuring that individuals receive the personalized care they need.

How Are Technological Innovations Improving Nursing Care Services?

Technological advancements are significantly improving the quality and efficiency of nursing care services. Remote monitoring systems and telemedicine platforms allow healthcare providers to track patients` vital signs and health conditions in real-time, enabling early interventions and reducing hospital readmissions. Wearable health devices, such as heart rate monitors and glucose sensors, are also empowering patients to manage their health more proactively while receiving continuous monitoring from nursing staff. Furthermore, electronic health records (EHRs) have streamlined patient data management, ensuring that nurses and healthcare providers can access up-to-date medical information to provide coordinated care. Robotics and artificial intelligence (AI) are beginning to assist with routine tasks, easing the physical burden on nursing staff and improving patient care.

How Are Policy Changes and Demographic Shifts Shaping the Nursing Care Industry?

Governments around the world are increasingly focusing on improving long-term care services, including nursing care, as part of broader healthcare reforms. Many countries are implementing policies that increase funding for elderly care, promote home-based care solutions, and enhance the quality of nursing facilities. These initiatives aim to address the growing healthcare needs of aging populations while reducing the strain on hospital systems. Demographic shifts, such as the rise in single-person households and the growing number of elderly individuals without familial support, are also driving demand for professional nursing care services. The increasing awareness of the importance of mental health and geriatric care is further contributing to the expansion of the nursing care services market.

The Growth in the Nursing Care Services Market Is Driven by Several Factors

The growth in the nursing care services market is driven by several factors, including the global aging population and the rising prevalence of chronic diseases that require long-term management. Technological advancements in telemedicine, wearable health devices, and remote monitoring are making nursing care services more efficient and accessible. Policy changes and government funding for elderly care are expanding the availability of professional nursing services, while demographic trends such as the decline in multi-generational households are increasing the need for external care solutions. The growing focus on improving quality of life for elderly individuals and providing personalized healthcare services is also fueling the market`s expansion.

SCOPE OF STUDY:

The report analyzes the Nursing Care / Services market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Service Type (Home Healthcare Providers, Retirement Communities, Group Care Homes, Other Service Types); Gender Type (Female Gender Type, Male Gender Type)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 113 Featured) -

• Atria Senior Living Group
• Brookdale Senior Living
• Emeritus Corporation
• Extendicare
• Genesis Healthcare Corp.
• Genesis HealthCare Inc.
• Gentiva Health Services
• HCR ManorCare
• Home Instead Senior Care
• Kindred Healthcare
• Senior Care Centers of America
• Sunrise Senior Living

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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