Market Analysis and Insight: Skilled Nursing Services Market
Skilled Nursing Services Market By Type of Connectivity (Connected to Hospital, Connected to Assisted Living Community, Connected to Both, Freestanding), Application (Man, Woman), (Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026.
Global skilled nursing services market is expected to register a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the increasing awareness of the benefits associated with the adoption of skilled nursing services in providing better quality of health care.
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Market Definition: Global Skilled Nursing Services Market
Skilled nursing services are the services provided by highly trained professional nurses to patients in relation to wound dressings, monitoring the status of patients’ disease, rehabilitation, feeding, bathing, hygiene maintenance and other significant services. These services are provided by a professional service provider having a high volume of workforce of skilled nurses. These services are provided to healthcare facilities, hospitals, clinics or even for home care.
Competitive Analysis:
Global skilled nursing services market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of skilled nursing services market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers
• Increasing prevalence of geriatric population globally is expected to propel the growth of the market
• Growing volume of population suffering from dementia and Alzheimer’s disease is expected to boost the growth of the market
• Increased volume of patients suffering from a variety of chronic diseases which has been related to cause a rise of Alzheimer’s is another factor driving the market growth
Market Restraints
• Large levels of costs associated with these services is expected to restrict the growth of the market
• Lack of preference and acceptance rate for these services is expected to hinder the growth of the market
Segmentation: Global Skilled Nursing Services Market
By Type of Connectivity
• Connected to Hospital
• Connected to Assisted Living Community
• Connected to Both
• Freestanding
By Application
• Man
• Woman
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o Italy
o U.K.
o France
o Spain
o Netherlands
o Belgium
o Switzerland
o Turkey
o Russia
o Rest of Europe
• Asia-Pacific
o Japan
o China
o India
o South Korea
o Australia
o Singapore
o Malaysia
o Thailand
o Indonesia
o Philippines
o Rest of Asia-Pacific
• South America
o Brazil
o Rest of South America
• Middle East and Africa
o South Africa
o Rest of Middle East and Africa
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Key Developments in the Market:
• In July 2019, Strategic Healthcare Programs, L.L.C. announced that they had enhanced their offerings with the introduction of “SHP for Skilled Nursing” software solution. SHP’s expertise in providing specialized solution for home, hospice and hospital facilities have been combined to provide high quality services for skilled nursing facilities. The software enables greater management capabilities and improvement of services
• In November 2017, SABER HEALTHCARE GROUP announced that they had implemented their first telemedicine program developed in partnership with TeleCare Partners Group. This program will be deployed throughout their skilled nursing facilities helping patients attain physician care during all times from the comforts of their bed
Key Market Competitors:
Few of the major competitors currently working in the global skilled nursing services market are Strategic Healthcare Programs, L.L.C.; SABER HEALTHCARE GROUP; Golden LivingCenters; Genesis HealthCare; Sunrise Senior Living; Life Care Centers of America Corporate; Atria Senior Living, Inc.; Brookdale Senior Living Solutions; EXTENDICARE; Amedisys; HCR ManorCare; Benchmark Senior Living; AdventHealth; Northern Regional Hospital; Lake Regional Health System; Shannon Medical Center; American Senior Communities; Norman Regional Health System among others.
Research Methodology: Global Skilled Nursing Services Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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