Egypt Skilled Nursing Market is projected to grow from $xx Mn in 2023 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2023 - 2030. The market for Skilled Nursing is expanding as a result of increasing geriatric population and increasing prevalence of chronic disease. Increasing demand for post-acute are is also fueling the need for specialized and skilled nursing in developing and developed countries. Some of the key players in the global Skilled Nursing Market include Genesis Healthcare Inc., Brookdale Senior Living Inc., Ensign Group Inc., Life Care Centers of America, Kindred Healthcare Inc., Extendicare Inc., Sunrise Senior Living, Atria Senior Living, SavaSeniorCare Administrative Services LLC., and Consulate Health Care.
Egypt Skilled Nursing Market is valued at around $946.4 Bn in 2022 and is projected to reach $1844.6 Bn by 2030, exhibiting a CAGR of 8.7% during the forecast period 2023-2030.
The Skilled Nursing Market refers to the market for long-term care or specialized care provided by skilled nursing staff to individuals who require medical and personal care services. The market includes skilled nursing facilities like care services, rehabilitation services, and activities of daily living support. Growing health awareness among people is influencing the market for skilled nursing facilities.
The prevalence of chronic diseases is increasing with every passing year and it leads to disability and death of patients. According to WHO around 41 Mn people died because of chronic diseases worldwide in 2022, which is accounting for 74% of all deaths. The aging population is increasing and with age, people tend to develop more diseases and need specialized care for the management of daily activities. It has contributed to the growth of the global skilled nursing market in recent years.
There are many players in the global skilled nursing market but Genesis Healthcare Inc., Brookdale Senior Living Inc., Ensign Group Inc., Life Care Centers of America, Kindred Healthcare Inc., Extendicare Inc., Sunrise Senior Living, Atria Senior Living, SavaSeniorCare Administrative Services LLC., and Consulate Health Care are some of the major players in the market.
The skilled nursing market is expanding due to factors like population demographics, healthcare policies, and reimbursement systems. The geographical region also affects the demand for skilled nursing. Advancement in technology like remote monitoring of patients and telehealth has contributed to the growth of skilled nursing facilities.
The aging global population, government support, and initiatives, and increasing healthcare expenditure are projected to fuel the market for skilled nursing in coming years. The market may yet have difficulties with regard to obtaining regulatory permission, shortage of skilled staff, limited insurance coverage, and high competition, as well as the high price of various skilled nursing facilities.
Drivers of Egypt Skilled Nursing Market:
Aging Population: It is a significant driver for the growth of the skilled nursing market. The aging population is continuously growing and they are increasing demand for long-term care services which includes skilled nursing services as well.
Increasing Prevalence of Chronic Diseases: Chronic diseases like cardiovascular diseases, diabetes, respiratory diseases, Alzheimer’s disease, and neurological diseases are increasing and it requires management of the condition, rehabilitation, and specialized care. So, it is driving demand for skilled nursing.
Increasing Healthcare Expenditure: The market for skilled nursing is expanding as a result of rising healthcare spending in both developed and developing nations. This demand is fueling the market for specialized and skilled nursing facilities.
Government measures and support: Governments throughout the world are supporting the facilities of skilled nursing. The government is providing funding and taking initiatives for the awareness of these facilities to the general population. The government has contributed to the growth of the skilled nursing market.
Restraints of Egypt Skilled Nursing Market:
High Cost: The cost of providing skilled nursing care is high and it is increasing with time due to a lack of workforce, regulatory compliance, and medical supplies. Maintaining reasonable prices to maintain a target audience and management costs can be a challenge for the skilled nursing market.
Shortage of Skilled Staff: There is a shortage of skilled healthcare professionals like registered nurses and certified nursing assistants. It can affect the quality of care provided by nursing staff and patient outcomes. Recruitment and retention of staff are a challenge in the skilled nursing market. It can hamper the growth of the market.
Insurance Coverage Limitation: There are certain limitations to the coverage of insurance that hinder the growth of the skilled nursing market. Limitations like the length of stay and exclusion of certain services from insurance are poising the growth of the skilled nursing market as it can be a financial constraint for patients and limit the expansion of providers.
High Competition: Skilled nursing market is highly competitive as there is already an end number of players in the global market. For staying in the market, players have to differentiate themselves from other competitors through quality of care, specialized services, and relationships with physicians and healthcare facilities for referrals.
Key players
Dar Al Fouad Hospital El Salam Hospital Cleopatra Hospitals Group Al Salam International Hospital Al Borg Medical Laboratories Ain Shams Specialized Hospital Alfa Scan As-Salam International Hospital Al Mokhtabar Al Nada Hospital1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Facilities:
By Ownership:
By Services:
Methodology for Database Creation
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