Press release
Individual And Family Services Market Report 2024: Strategies And Recent Developments | CARE International, Childrens Aid and Family Services Inc., Eastwick Family Services
Individual And Family Services Market Size
The Business Research Company offers in-depth market insights through Individual And Family Services Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The individual and family services market size has grown strongly in recent years. It will grow from $918.62 billion in 2023 to $976.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to social welfare needs, government funding, adoption and foster care services, counseling and mental health services.
The individual and family services market size is expected to see strong growth in the next few years. It will grow to $1235.86 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to mental health awareness, aging population, digital counseling and telehealth, substance abuse treatment. Major trends in the forecast period include telehealth and online counseling, substance abuse treatment and prevention, online and app-based support, technology for case management.
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Market Segmentation:
The main types of individual and family services are child and youth services, services for the elderly and persons with disabilities, other individual and family services. Child and youth services provide non-residential social assistance to children and youth. The different modes include online, and offline and are used in various applications such as food stamp programs, disaster relief services, adoption services, and self-help.
Major Driver - Role Of Individual And Family Services In Combating Abuse And Neglect
The rise in abuse and neglect towards children and the elderly are expected to drive the individual and family services market. Children and the elderly are the most vulnerable individuals who are prone to abuse and neglect from their families, friends, institutions, and others. According to the World Health Organization in 2022, 1 in 6 people aged 60 years and older were subjected to some form of abuse. Rates of abuse of older people are high in institutions such as nursing homes and long-term care facilities. Moreover, according to the analysis published in the 29th Child Maltreatment Report by the Children's Bureau at HHS' Administration for Children and Families (ACF), out of 3,534,000 million children, 60.8% of victims were neglected, 10.7% were physically abused, and 7.0% were sexually abused. More than 15% of children are victims of two or more types of maltreatment. The children and elderly abused and neglected mostly suffer from physical injuries, and emotional, and psychological problems, such as impaired social-emotional skills or anxiety. Children and the elderly who suffer abuse are at a higher risk of substance abuse due to emotional imbalance and this growing number increases the demand for individual and family services for non-residential social assistance services for improving living standards.
Competitive Landscape:
Major companies operating in the individual and family services market include CARE International, Childrens Aid and Family Services Inc., Eastwick Family Services, Executive Healthcare Services (EHS), Feeding America, Goldfields Individual and Family Support Association (GIFSA), Kairos Family Services, North East Independent Living Services, StepStone Family & Youth Services, United Nations Childrens Fund (UNICEF), SMART Child & Family Services, Young Men's Christian Association, Boys & Girls Clubs of America, Big Brothers Big Sisters of America, Girl Scouts of the USA, American Red Cross, The Salvation Army, The Emergency Food and Shelter Program, National Alliance to End Homlessness, The National Coalition for the Homeless, Covenant House, The Bowery Mission, The Midnight Mission, The Rescue Mission, The Union Rescue Mission, The City Mission, The Samaritan Inn, The Mustard Seed, The Road Home, The House of Charity, The Open Door Mission, The Denver Rescue Mission, The Nashville Rescue Mission, The Atlanta Mission, The Seattle's Union Gospel Mission, The Portland Rescue Mission, The San Francisco City Impact, The Los Angeles Mission, The Good Shepherd Center, The St. Vincent de Paul Society
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Top Trend - Virtual Services In The Individual And Family Services Sector
Individual and family services providers are utilizing the virtual means for organizing events or fundraising, creating awareness, and rendering services. Restrictions due to pandemics all over the world forced many organizations to turn towards using the online platform for rendering services. For instance, in January 2023, CareFirst BlueCross BlueShield, a US-based medical insurance company, launched Virtual Connect. The virtual-first delivery model offers a breadth of care services, including preventive and urgent care, behavioral and mental health, care coordination, insurance navigation, and more. The program is designed to provide continuous and connected care to CareFirst's commercial members.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Individual And Family Services Market Characteristics
3. Individual And Family Services Market Trends And Strategies
4. Individual And Family Services Market - Macro Economic Scenario
5. Individual And Family Services Market Size And Growth
…..
27. Individual And Family Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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