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:
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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
U.S. Nursing Care Market by Expenditure
U.S. Nursing Care Market by Gender
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.
U.S. Nursing Care Market by Geography
U.S. Nursing Care Market – Vendor Profiles
Key Vendors
Other Prominent Vendors
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