| Product Code: ETC13135426 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Nursing and Residential Care Market was valued at USD 580 Billion in 2024 and is expected to reach USD 820 Billion by 2031, growing at a compound annual growth rate of 4.40% during the forecast period (2025-2031).
The Global Nursing and Residential Care Market is a dynamic sector encompassing a range of services provided to individuals who require assistance with their daily living activities. This market includes nursing care facilities, residential care facilities, and home healthcare services, catering to the needs of the aging population and those with chronic illnesses or disabilities. Key drivers of growth in this market include the increasing prevalence of chronic diseases, rising life expectancy, and expanding healthcare infrastructure in emerging economies. Technological advancements, such as telemedicine and remote patient monitoring, are also playing a significant role in transforming the delivery of care services. However, challenges such as workforce shortages and regulatory complexities pose potential barriers to market expansion. Overall, the Global Nursing and Residential Care Market is poised for steady growth as healthcare needs continue to evolve worldwide.
The Global Nursing and Residential Care Market is experiencing several key trends and opportunities. One major trend is the increasing demand for long-term care services, driven by aging populations and rising chronic disease prevalence worldwide. Additionally, there is a growing focus on improving the quality of care provided in nursing homes and residential facilities, leading to opportunities for innovation in technology and care delivery models. The market is also seeing a rise in investments in senior living communities and home care services, offering a range of options for consumers. Furthermore, the COVID-19 pandemic has highlighted the importance of infection control measures and healthcare preparedness in these settings, creating opportunities for companies that specialize in healthcare solutions and services tailored to the needs of older adults.
The Global Nursing and Residential Care Market faces several challenges, including staffing shortages, rising operational costs, regulatory compliance burdens, and increasing demand for high-quality care services. Staffing shortages, particularly of registered nurses and caregivers, can impact the quality of care provided and lead to burnout among existing staff. Rising operational costs, driven by factors such as increased labor expenses and technology investments, can squeeze profit margins for care providers. Regulatory compliance requirements, which vary across regions, can be complex and time-consuming to navigate. Additionally, the aging population and growing prevalence of chronic diseases are driving up the demand for nursing and residential care services, putting pressure on existing facilities to expand or upgrade their offerings to meet evolving healthcare needs. Addressing these challenges requires strategic planning, investment in training and technology, and a focus on delivering patient-centered care.
The Global Nursing and Residential Care Market is being driven by several key factors, including the increasing elderly population worldwide, the rising prevalence of chronic diseases, and the growing demand for specialized care services. Additionally, advancements in healthcare technology and the emphasis on personalized care are contributing to market growth. Government initiatives to improve healthcare infrastructure and quality of care, as well as the shift towards home-based care services, are also driving the market forward. Furthermore, the increasing awareness about mental health and the importance of mental well-being are leading to a greater focus on mental health services within nursing and residential care facilities. Overall, these drivers are shaping the market landscape and creating opportunities for expansion and innovation within the sector.
Government policies related to the Global Nursing and Residential Care Market vary significantly across countries. These policies typically focus on ensuring quality care, patient safety, staffing requirements, and financial sustainability of healthcare facilities. For example, in the United States, regulations such as the Affordable Care Act and Medicare reimbursement policies impact the operations of nursing homes and residential care facilities. In the United Kingdom, the Care Quality Commission oversees the quality of care provided in nursing homes. In Australia, the Aged Care Quality and Safety Commission sets standards for residential care facilities. Overall, government policies in the Global Nursing and Residential Care Market aim to protect the well-being of residents, improve the quality of care, and address challenges such as workforce shortages and funding issues.
The Global Nursing and Residential Care Market is poised for steady growth in the coming years, driven by increasing demand for long-term care services due to the aging population worldwide. Technological advancements, such as electronic health records and telemedicine, are expected to enhance efficiency and quality of care delivery. The rise of chronic diseases and the growing prevalence of mental health disorders will further propel market expansion. However, challenges like staffing shortages, regulatory complexities, and rising operational costs may hinder the market`s growth. To stay competitive, industry players are likely to focus on innovative care models, personalized services, and strategic partnerships. Overall, the Global Nursing and Residential Care Market is anticipated to experience sustained growth, with a shift towards more patient-centric and technology-driven care solutions.
In the global nursing and residential care market, Asia is experiencing rapid growth due to increasing elderly population and rising healthcare expenditure. North America dominates the market with a strong presence of well-established healthcare infrastructure and a high prevalence of chronic diseases. Europe is characterized by a growing demand for nursing and residential care services driven by an aging population and supportive government initiatives. The Middle East and Africa region is witnessing a gradual shift towards more advanced healthcare services, leading to a rising demand for nursing and residential care facilities. Latin America is also showing promising growth opportunities, fueled by improving healthcare infrastructure and a growing awareness of the importance of elderly care services in the region. Overall, the global nursing and residential care market is poised for significant expansion across all regions.
Global Nursing and Residential Care Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Nursing and Residential Care Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Nursing and Residential Care Market Revenues & Volume, 2021 & 2031F |
3.3 Global Nursing and Residential Care Market - Industry Life Cycle |
3.4 Global Nursing and Residential Care Market - Porter's Five Forces |
3.5 Global Nursing and Residential Care Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Nursing and Residential Care Market Revenues & Volume Share, By Service Type, 2021 & 2031F |
3.7 Global Nursing and Residential Care Market Revenues & Volume Share, By End User Gender, 2021 & 2031F |
3.8 Global Nursing and Residential Care Market Revenues & Volume Share, By Type of Expenditure, 2021 & 2031F |
4 Global Nursing and Residential Care Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Nursing and Residential Care Market Trends |
6 Global Nursing and Residential Care Market, 2021 - 2031 |
6.1 Global Nursing and Residential Care Market, Revenues & Volume, By Service Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Nursing and Residential Care Market, Revenues & Volume, By Home Health Care Providers, 2021 - 2031 |
6.1.3 Global Nursing and Residential Care Market, Revenues & Volume, By Nursing Care Facilities, 2021 - 2031 |
6.1.4 Global Nursing and Residential Care Market, Revenues & Volume, By Group Care Homes, 2021 - 2031 |
6.1.5 Global Nursing and Residential Care Market, Revenues & Volume, By Retirement Communities, 2021 - 2031 |
6.2 Global Nursing and Residential Care Market, Revenues & Volume, By End User Gender, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Nursing and Residential Care Market, Revenues & Volume, By Female Nursing Care, 2021 - 2031 |
6.2.3 Global Nursing and Residential Care Market, Revenues & Volume, By Male Nursing Care, 2021 - 2031 |
6.2.4 Global Nursing and Residential Care Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Nursing and Residential Care Market, Revenues & Volume, By Type of Expenditure, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Nursing and Residential Care Market, Revenues & Volume, By Public Expenditure, 2021 - 2031 |
6.3.3 Global Nursing and Residential Care Market, Revenues & Volume, By Private Expenditure, 2021 - 2031 |
7 North America Nursing and Residential Care Market, Overview & Analysis |
7.1 North America Nursing and Residential Care Market Revenues & Volume, 2021 - 2031 |
7.2 North America Nursing and Residential Care Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Nursing and Residential Care Market, Revenues & Volume, By Service Type, 2021 - 2031 |
7.4 North America Nursing and Residential Care Market, Revenues & Volume, By End User Gender, 2021 - 2031 |
7.5 North America Nursing and Residential Care Market, Revenues & Volume, By Type of Expenditure, 2021 - 2031 |
8 Latin America (LATAM) Nursing and Residential Care Market, Overview & Analysis |
8.1 Latin America (LATAM) Nursing and Residential Care Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Nursing and Residential Care Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Nursing and Residential Care Market, Revenues & Volume, By Service Type, 2021 - 2031 |
8.4 Latin America (LATAM) Nursing and Residential Care Market, Revenues & Volume, By End User Gender, 2021 - 2031 |
8.5 Latin America (LATAM) Nursing and Residential Care Market, Revenues & Volume, By Type of Expenditure, 2021 - 2031 |
9 Asia Nursing and Residential Care Market, Overview & Analysis |
9.1 Asia Nursing and Residential Care Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Nursing and Residential Care Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Nursing and Residential Care Market, Revenues & Volume, By Service Type, 2021 - 2031 |
9.4 Asia Nursing and Residential Care Market, Revenues & Volume, By End User Gender, 2021 - 2031 |
9.5 Asia Nursing and Residential Care Market, Revenues & Volume, By Type of Expenditure, 2021 - 2031 |
10 Africa Nursing and Residential Care Market, Overview & Analysis |
10.1 Africa Nursing and Residential Care Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Nursing and Residential Care Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Nursing and Residential Care Market, Revenues & Volume, By Service Type, 2021 - 2031 |
10.4 Africa Nursing and Residential Care Market, Revenues & Volume, By End User Gender, 2021 - 2031 |
10.5 Africa Nursing and Residential Care Market, Revenues & Volume, By Type of Expenditure, 2021 - 2031 |
11 Europe Nursing and Residential Care Market, Overview & Analysis |
11.1 Europe Nursing and Residential Care Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Nursing and Residential Care Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Nursing and Residential Care Market, Revenues & Volume, By Service Type, 2021 - 2031 |
11.4 Europe Nursing and Residential Care Market, Revenues & Volume, By End User Gender, 2021 - 2031 |
11.5 Europe Nursing and Residential Care Market, Revenues & Volume, By Type of Expenditure, 2021 - 2031 |
12 Middle East Nursing and Residential Care Market, Overview & Analysis |
12.1 Middle East Nursing and Residential Care Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Nursing and Residential Care Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Nursing and Residential Care Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Nursing and Residential Care Market, Revenues & Volume, By Service Type, 2021 - 2031 |
12.4 Middle East Nursing and Residential Care Market, Revenues & Volume, By End User Gender, 2021 - 2031 |
12.5 Middle East Nursing and Residential Care Market, Revenues & Volume, By Type of Expenditure, 2021 - 2031 |
13 Global Nursing and Residential Care Market Key Performance Indicators |
14 Global Nursing and Residential Care Market - Export/Import By Countries Assessment |
15 Global Nursing and Residential Care Market - Opportunity Assessment |
15.1 Global Nursing and Residential Care Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Nursing and Residential Care Market Opportunity Assessment, By Service Type, 2021 & 2031F |
15.3 Global Nursing and Residential Care Market Opportunity Assessment, By End User Gender, 2021 & 2031F |
15.4 Global Nursing and Residential Care Market Opportunity Assessment, By Type of Expenditure, 2021 & 2031F |
16 Global Nursing and Residential Care Market - Competitive Landscape |
16.1 Global Nursing and Residential Care Market Revenue Share, By Companies, 2024 |
16.2 Global Nursing and Residential Care Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |