Comprehensive Analysis of the Private Nursing Services Market 2025-2034: Growth Rates, Trends, and Future Opportunities
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How has the private nursing services market grown over the years?
In recent times, the private nursing services market has seen significant growth. It’s set to enhance from $550.23 billion in 2024 to $595.28 billion in 2025, with a compound annual growth rate (CAGR) of 8.2%. Factors contributing to this growth during the historic period include the increase in chronic illnesses, a higher number of employed adults, the growing need for post-operative care, an increase in the number of chronic care facilities, and a surge in obesity rates.
What Is the forecasted market size and growth rate for the private nursing services market?
In the coming years, the private nursing services market is set to experience robust growth. The market value is projected to reach $807.07 billion in 2029, witnessing a compound annual growth rate (CAGR) of 7.9%. Various factors are driving the growth in the forecast period, including a surge in surgeries worldwide, an aging population, rising healthcare costs, increased awareness of private nursing services, and a growing need for individualized care. The forecast period is also expected to witness major trends such as technological advancements, the integration of telehealth, home-based care technology, value-based care models, and the implementation of machine learning.
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What are the major factors driving growth in the private nursing services market?
The surge in chronic diseases is predicted to boost the expansion of the private nursing services market. This is due to an increase in aging populations, lifestyle factors, and environmental factors leading to a steady rise in chronic diseases globally. Private nursing services offer consistent care, encouraging a robust patient-nurse rapport that enhances efficient chronic condition management and promotes the overall health of the patient. For example, a report by the American College of Cardiology, a non-profit medical association based in the US, in August 2022 indicated that from 2025 to 2060, all four major cardiovascular risk factors in the United States are forecasted to escalate. The largest percentage increase is anticipated in the cases of Diabetes, with a predicted upsurge of 39.3% affecting 55 million individuals. This will be followed by dyslipidemia (27.6% affecting 126 million), hypertension (25.1% affecting 162 million), and obesity (18.3% affecting 126 million). Hence, the rising instances of chronic diseases are fueling the expansion of the private nursing services market.
What key areas define the segmentation of the global private nursing services Market?
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 are the top market players propelling the growth of the private nursing services industry?
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
What are the key trends shaping the future of the private nursing services market?
Prominent businesses in the private nursing services market are concentrating on creating novel services, such as those equipped to administer medical care for children at home and at school, in order to set themselves apart from the competition. This childcare health management includes regular health checks, urgent care, and liaisons with healthcare practitioners for management of chronic issues and overall wellness assurance. For example, in March 2022, Always Compassionate Home Care (ACHC), a firm from the US offering home healthcare services, introduced its new dedicated pediatric nursing section. This department is committed to offering specialized medical care for children with intricate health issues, spanning from birth to the age of 23. This initiative seeks to transcend standard healthcare, ensuring that children are provided the top-notch, customized services they need.
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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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