Summary: In 2023, the scale of China's nursing service market will increase from 78.901 billion yuan in 2015 to 239.073 billion yuan, of which the market size of inpatient nursing services will account for 29.89%, the scale of domestic nursing services will account for 52.30%, and the scale of nursing services in elderly care institutions will account for 17.80%; It is estimated that the market size of China's nursing services is expected to reach 266.71 billion yuan in 2024, of which the market size of inpatient nursing services accounts for 29.51%, the domestic nursing services account for 52.49%, and the nursing services of elderly care institutions account for 18.00%.
Keywords: the market size of the nursing service market, the competitive landscape of the nursing service market, and the development prospects of the nursing service industry
1. Definition and classification of the care service industry
Caregiver services refer to medical care services provided by professional caregivers (carers), usually in medical institutions, nursing homes, homes, etc. Caregiver services usually include daily life care, medical care, psychological support, etc.
Providers of care services usually need to receive professional training, relevant nursing skills and knowledge, and possess qualities such as compassion, responsibility and patience. In some countries, carer services may require a qualification or license to practice. Caregiver services can work in professional institutions such as medical institutions, nursing homes, community health service centers, etc., and can also provide services in the patient's home as a personal caregiver. The specific classification of the care service industry is as follows:
2. The status quo of the global care service industry
With the increasing trend of population ageing, the demand for care worker services is increasing. The global population is ageing at an unprecedented rate, with the highest growth rate in most countries being the elderly aged 65 and above, and with it, the prevalence of chronic diseases. In this context, caregivers have a huge market and have developed into a huge number of industry groups. According to the data, the global care service market size was 64.765 billion US dollars in 2015, increased to 120.147 billion US dollars in 2020, reached 137.391 billion US dollars in 2023, and is expected to reach 184.331 billion US dollars in 2024.
From a global perspective, the EU will be the largest market in the global care service industry in 2023, accounting for 26.78% of the market size; followed by the United States, accounting for 24.04%. It is estimated that the EU care service market will account for 27.67% of the global market in 2024; The United States accounted for 24.30%. In the future, as the global aging process intensifies, the demand for caregiver services will continue to increase.
3. The development status of the domestic care service industry
In China, nursing is a profession that emerged in the 90s of the 20th century, and the service group of nursing workers is not only limited to the elderly, many disabled people and all kinds of patients who are unable to take care of themselves due to chronic diseases also need nursing workers to provide them with some more ordinary and simple care.
In recent years, with the rapid development of Chinese society, the medical service industry, which is closely related to people's daily life, has also entered a period of many new changes. With the acceleration of China's aging process, social development and changes in family structure, the demand for care services is rising rapidly. According to statistics, the size of China's care service market will increase from 78.901 billion yuan in 2015 to 239.073 billion yuan in 2023, and it is expected that the size of China's care service market is expected to reach 266.71 billion yuan in 2024.
In terms of segments, in 2023, the market size of China's inpatient nursing services will account for 29.89%, the scale of domestic nursing services will account for 52.30%, and the scale of nursing services in elderly care institutions will account for 17.80%; It is estimated that in 2024, the market size of nursing services in inpatient departments in China will account for 29.51%, the scale of domestic nursing services will account for 52.49%, and the scale of nursing services in nursing institutions will account for 18.00%.
Note: This article is excerpted from the industry analysis article "A Quick Snapshot of China's Nursing Service Industry in 2024: With the Aging of the Population, the Prospects of the Nursing Service Industry Are Becoming More and More Broad [Figure]" released by Zhiyan Consulting.
Based on authoritative data released by the National Bureau of Statistics, government agencies and industry associations, the "Special Market Research and Investment Prospect Planning Report of China's Nursing Service Industry" released by Zhiyan Consulting combines the collection and analysis of global data such as in-depth research data, expert feedback data, and internal operation data to improve the efficiency of customers' business decision-making. This report makes an in-depth investigation and research on the current situation and market of China's care service industry, and makes a prudent judgment on the future development prospects and trends according to the development trajectory of the industry, which provides a crucial decision-making reference for investors to find new market investment opportunities and enter the investment layout of the care service industry.
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