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Emergency And Other Relief Services Market Trends, Market Share, Size, Growth Status And Forecast To 2033
Emergency And Other Relief Services Market Trends
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According to The Business Research Company's, The emergency and other relief services market size has grown strongly in recent years. It will grow from $27.16 billion in 2023 to $29.43 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to natural disasters, conflict and refugee crises, emergency response coordination, disease outbreaks.
The emergency and other relief services market size is expected to see strong growth in the next few years. It will grow to $40.12 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to technological innovations, government partnerships, nutrition and food security, water and sanitation services. Major trends in the forecast period include digital humanitarianism, healthcare in emergencies, refugee and idp assistance, technology for disaster response.
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Market Drivers and Trends:
The increasing support from large corporations and organizations in the form of funds, grants, or programs is expected to drive the growth of the global emergency and other relief services market. Corporations and organizations are making efforts to meet the requirements of people affected by different disasters across the globe. For instance, the American Red Cross Organization has responded to a string of crises across the country, serving over 718,100 nourishing meals and snacks with its partners and providing more than 306,500 overnight shelters and hotel stays in coordination, with its partners, for those displaced by disasters. Therefore, the growing support from various individuals and corporations fuels the emergency and other relief services market.
Organizations in the emergency and other relief services market are integrating technology in their services for faster response and better reachability. For instance, the American Red Cross of Alaska has used the RC view and RC Collect applications that help streamline some of its procedures. The use of RC View to help dispatch Disaster Action Teams (DAT) to emergencies and RC Collect for collecting information during damage assessments of homes and property after the disasters have significantly reduced response times and streamlined data collection.
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Major Key Players of the Market:
International Federation of Red Cross and Red Crescent Societies, International Disaster Emergency Service, The Salvation Army, The American National Red Cross, Doctors Without Borders, Samaritan's Purse, World Vision International, United Nations International Children's Emergency Fund, Oxfam International, The Save the Children Fund, Credit Analysis & Research Ltd., Mercy Corp., Action Against Hunger, International Medical Corp., Handicap International, ShelterBox, Team Rubicon, All Hands and Hearts, Heart to Heart International, Americares, Direct Relief International, Catholic Relief Services, Islamic Relief USA, Lutheran World Relief, Operation Blessing International, World Relief, Adventist Development and Relief Agency International, Food for the Hungry, ChildFund International, Relief International
Emergency And Other Relief Services Market 2024 Key Insights:
• The emergency and other relief services market size is expected to see strong growth in the next few years. It will grow to $40.12 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
• Impact Of Increasing Support From Large Corporations And Organizations
• Adoption Of Technology To Enhance The Efficiency And Effectiveness Of Relief Services.
• Western Europe was the largest region in the emergency and other relief services market in 2023
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