Nursing care services give specialized care to patients suffering from chronic conditions such as Parkinson's disease and Alzheimer's disease, as well as those who require treatment for an accident or who are unwell and require continual attention. Trained experts offer care amenities such as clothing, personal hygiene, and timely medicine at the nursing care services facility. This business offers patient nursing, rehabilitation services, and housing accommodations to persons with disabilities or chronic illnesses. These service centers also support and monitor interventional medicines for speech therapists and physical therapists.
The rise in the number of patients suffering from chronic diseases such as Alzheimer's and dementia is the primary driver of the nursing care services market's expansion. Every year, around 47.5 million people worldwide suffer from dementia, according to the World Health Organization (WHO). Furthermore, the growing elderly population is fueling the growth of the nursing care services market. According to the Centers for Disease Control and Prevention (CDC), there were about 15,600 nursing homes in the United States in 2014, with 69.8 percent of nursing care services owned for profit.
However, some barriers to development in the nursing care services industry include poor acceptability of these services, high costs, reduced government support, and reductions in Medicaid and medical reimbursements. For example, according to current data published in Modern Health Talk (health talk) with the United States Department of Health and Services, the cost of nursing care services is high, at around $83,000 per year for a private room, and the federal government's Medicaid expenses are around 57 percent annually.