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Skilled Nursing Care Services Market Benefits from Rise in Global Geriatric Population: Transparency Market Research

Albany, NY, June 03, 2016 (GLOBE NEWSWIRE) -- Skilled nursing care services offer a wide range of short-term as well as long-term services to people suffering from various chronic and degenerative diseases such as Huntington’s, Alzheimer’s, cancer, Parkinson’s, rheumatoid arthritis and osteoarthritis, and ALS. Skilled nursing care service centers provide a number of services such as assistance to speech and physical therapists, monitoring interventional medications, end-of-life care, bathing, dressing and taking care of post-operative wounds, laundry services, and social and educational activities.

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Many research analysts indicate that despite economic stagnation across the globe, the skilled nursing care services market has continued to grow owing to the necessary nature of services provided. Countries with a large population of senior citizens have especially witnessed impressive growth since the elderly are more prone to illness and injury. This in turn, has given rise to the need for assistance in daily activities.

Developed Regions Form Largest Markets for Skilled Nursing Care Services

The global skilled nursing care services market is geographically divided into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. The developed regions of North America and Europe presently dominate the overall skilled nursing care services market owing to a number of favorable factors. Increased awareness about the availability of such services, impressive healthcare facilities and infrastructure, availability of favorable reimbursement policies, well-defined regulatory framework, and increasing cases of chronic diseases such as Alzheimer’s and dementia are some of the key factors driving the North America and Europe skilled nursing care services market.

Asia Pacific Identified as Most Lucrative Market for Skilled Nursing Care Services

Asia Pacific possesses immense potential for growth when it comes to the skilled nursing care services market, especially in countries such as India, Japan, and China. Given that China and India are the most populated countries in the world, these nations also hold a rather large geriatric population base as well as a growing patient pool. This is a key factor boosting the demand for skilled nursing care services. Apart from this, government initiatives to improve healthcare facilities, rapidly developing healthcare infrastructure, and the growth of medical tourism are expected to contribute towards the augmentation of the Asia Pacific skilled nursing care services market. However, the joint family culture so strongly present in this region is anticipated to restrict the skilled nursing care services market owing to the social stigma attached.

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Latin America is also projected to witness healthy growth over the coming years, especially in countries such as Mexico, Argentina, and Brazil. The skilled nursing care services market in these nations is driven by improving economic structure, high unmet medical needs, and rising disposable incomes. On the other hand, lack of supportive economic background is likely to hamper the skilled nursing care services in Africa.

Some of the major players operating in the global skilled nursing care services market are Genesis Healthcare, Golden Living, Atria, Gentiva, Extendicare, Inc., Emeritus Corporation, Amedisys, Kindred Healthcare, Lincare, Sunrise Senior Living Inc., Lifecare Centers of America, Manor Care, Inc., Apria Healthcare Group Inc., Sun Healthcare Group Inc., and Brookdale Senior Living.

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Source:Transparency Market Research