NEW YORK, Sept. 6, 2016 /PRNewswire/ --
Home health care refers to wide range of health care services that are provided to individuals at their residence for any illness or injury. Residential nursing care refers to provision of long- or short-term care for individuals who suffer from serious or persistent health issues or need recuperation services.
The home health care service industry consists of establishments that provide skilled nursing or medical care at an individual's home under the supervision of a physician. Home health care establishments provide skilled nursing services in the home, along with a range of the following – personal care services such as chiropody, homemaker and companion services, physical therapy, medical social services, medications, medical equipment and supplies, counseling, 24-hour home care, occupation and vocational therapy, dietary and nutritional services, speech therapy, audiology and high-tech care, such as intravenous therapy.
The Americas was the largest geographic market in the Home Health and Residential Nursing Care Services market in 2015, accounting for $XX billion or XX% of the global market. The Americas is the largest market because of increased life expectancy, chronic illness among aged population and high labour costs. Europe was the second largest geographic market, accounting for $XX billion or XX% of the global market. Asia was the third largest geographic market, accounting for $XX billion or XX% of the global market.
Global per capita average home healthcare and residential nursing care services expenditure grew from $XX in 2011 to $XX in 2015 at a CAGR of XX% and is expected to grow to $XX in 2019 at a CAGR of XX%. Per capita average home healthcare and residential nursing care services expenditure is increasing because of increase in homecare and residential care spending in emerging markets and higher incidences of lifestyle diseases among elderly population.
Uptake of preventative care services has increased significantly and is considered as a focal point for healthcare market growth in the future. Preventative care refers to medical care that seeks to prevent diseases. Health check-ups and occasional screening tests for various diseases are performed routinely as a part of preventive care. Some of the home health and residential nursing care services such as provision of physical therapy, nutrition therapy and other ancillary services are also a part of preventive care. Some of the major players in the home health and residential nursing care industry such as such as Almost Family and Kindred Healthcare provide these services.
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