Private Nursing Services Market Growth and Trends: Key Insights into Market Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What External and Internal Drivers Are Contributing to the Growth of thePrivate Nursing Services Market?
The escalating instances of chronic illnesses are anticipated to stimulate the expansion of the private nursing services market in the future. Factors such as the aging population, lifestyle choices, and environmental impacts contribute to a steady uptick in chronic disease rates globally. The continuity of care provided by private nursing services facilitates a robust rapport between the patient and the nurse, further enhancing chronic illness management and enriching overall health outcomes. For example, a report from the American College of Cardiology, a non-profit medical organization based in the US, predicted in August 2022 that the four main cardiovascular risk factors would rise from 2025 to 2060 within the US. Diabetes is projected to experience the most substantial percentage increase, at 39.3%, taking the number of affected individuals to 55 million, followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). Consequently, the surging rates of chronic diseases are fueling the expansion of the private nursing services market.
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#How Does the ProjectedPrivate Nursing Services Market Growth Compare Over the Forecast Period?
The market size for private nursing services has shown considerable growth over the past few years. Predictions are that it will expand from $550.23 billion in 2024 and reach $595.28 billion in 2025, showing a compound annual growth rate (CAGR) of 8.2%. The factors driving this growth during the previous period are a surge in chronic illnesses, a rise in the working adult demographic, higher occurrences of post-operative care requirements, an increase in chronic care establishments, and an elevated rate of obesity.
The market for private nursing services is predicted to experience robust growth in the coming years. The market is set to expand to a value of $807.07 billion by 2029, with a compound annual growth rate (CAGR) of 7.9%. This growth in the forecast period may be credited to factors such as a rise in surgeries worldwide, an aging population, escalating healthcare costs, heightened awareness of private nursing services, and an increased demand for customised care. Key trends anticipated during this forecast period encompass technological innovation, integration of telehealth, developments in home-based care technology, adoption of value-based care models, and advancements in machine learning.
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Which Upcoming Market Trends and Innovations Are Set to Influence thePrivate Nursing Services Market’s Path Forward?
Major corporations in the private nursing services market are prioritizing the creation of innovative services, inclusive of the capability to provide medical attention for children in both home and school environments, to secure a competitive advantage. This kind of medical care typically includes regular health surveillance, emergency services, and collaboration with healthcare professionals to handle chronic illnesses and maintain overall health. For example, in March 2022, Always Compassionate Home Care (ACHC), a firm based in the United States providing home healthcare services, has launched its new division dedicated to pediatric nursing. This division is aimed at offering specialized medical attention for children with complicated health requirements from birth until the age of 23. This plan goes beyond ordinary medical attention and ensures the provision of superior quality services specifically designed to meet the unique needs of each child.
Who Are the Dominant Market Players Pushing the Boundaries of thePrivate Nursing Services Market?
Major companies operating in the private nursing services market are Trinity Health, Memorial Sloan Kettering Cancer Center, Kaiser Permanente, Genesis Healthcare Inc., The Ensign Group Inc., Brookdale Senior Living Inc., LHC Group Inc., Bayshore HealthCare, Maxim Healthcare Services, Aveanna Healthcare, Care UK, CBI Health Group Inc., Extendicare Inc., Helping Hands Home Care, Columbia Asia, Able Community Care, ParaMed, Homage LLC, St. Augustine Health Ministries, NurseRegistry, Alliance Homecare, Grand World Elder Care
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What Are the Core Segments of the Private Nursing Services Market, and How Do They Contribute to Growth?
The private nursing services market covered in this report is segmented –
1) By Service Type: Medical Care, Non-Medical Care
2) By Gender: Female, Male
3) By Medical Condition: Pediatric Care, Chronic Disease Management, Post Operative Services, Elderly Care, Other Medical Conditions
4) By Payment Model: Insurance Covered Services, Subscription Based Services, Fee For Service, Other Payment Models
Subsegments:
1) By Medical Care: Skilled Nursing Care, Post-Surgical Care, Wound Care Management, Medication Administration, Chronic Disease Management
2) By Non-Medical Care: Personal Care Assistance, Companionship Services, Housekeeping And Meal Preparation, Transportation Services, Respite Care
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What Regions Are Dominating the Private Nursing Services Market Growth?
North America was the largest region in the private nursing services market in 2024. The regions covered in the private nursing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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