Community and Individual Services, Global Market Overview, Trends, Forecast 2024

The Business Research Company recently released a comprehensive report on the Global Community And Individual Services Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The community and individual services market size has grown strongly in recent years. It will grow from $1415.44 billion in 2023 to $1501.73 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increased aging population, strong economic growth in emerging markets, technology development and mobile apps and government funding for community care.

The community and individual services market size is expected to see strong growth in the next few years. It will grow to $1885.89 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to preferring community stay, rapid growth in the aging population, changes in lifestyles, increasing healthcare access and increasing household incomes. Major trends in the forecast period include adult day care going high-tech, data-driven approach to human services, online funding platforms to support social initiatives, autism care centers, telehealth to improve underserved community services, individualized service plans, adoption of electronic health records (ehr) and artificial intelligence (ai) in childcare management..

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Market Drivers and Trends:

Autism Spectrum Disorder (ASD) is a complex developmental disability. Symptoms of this disorder typically appear during early childhood and affect a person's ability to communicate and interact with others. The Center for Disease Control and Prevention (CDC) reported that 1 in 59 children are diagnosed with an autism spectrum disorder (ASD) in the US. Studies show that early diagnosis and intervention lead to significantly improved outcomes. To address this, many autism research organizations are expected to invest more time and money in the betterment of this condition. Training social service employees for autism child care counselors, the number of therapists, and psychologists will increase and they are expected to serve more individuals and eventually generate more revenues.

Community and individual services providers are increasingly using data-driven approaches such as big data and predictive analytics to gather insights related to social assistance services. Predictive analytics involves the use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data. Big data analytics involves extracting hidden patterns and useful information from a large set of data. These techniques help in reporting, detecting, or correcting non-compliance while monitoring the target population. For instance, Hillside Family of Agencies, a human services provider for youth and families, is using predictive analytics to reduce the dropout rates among youth in high school. Good Samaritan Society, a non-profit provider of senior care and services, has partnered with IBM to use big data and analytics software for its clinical and operational data about the patients.

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Major Key Players of the Market:

World Food Program, UNICEF, Sanctuary Housing, Food For Poor, Bill & Melinda Gates Foundation, W.K. Kellogg Foundation Trust, The Salvation Army International Trust, Seacor Holdings Inc, Right at Home Inc, BAYADA Home Health Care, Fine Line Media Private Limited, 10x Shooting Private Limited, 1health Integrated Services Private Limited, 21 V Sadi Entertainment Private Limited, Reliance Infrastructure Limited, Kamdhenu Engineering Industries Ltd, Yingtan Hejia Xiangyi Retirement Industry Development Co. Ltd., Shouyang County Xiyang Honglaonian Retirement Service Co. Ltd, Caritas, Diakonie, German Red Cross, Paritätische, GreatAupair, Careplus, AssiDom, CARP Omenia, ProMedicus Home Care Services, ABOS Care Elderly Home IASI SRL, I Care, Brookdale Senior Living Inc, Living Assistance Services, Senior Care Centers of America, Sunrise Senior Living, Home Bound Healthcare, AddusHomeCare, Pioneer Medical Services LLC, Manzil Health UAE, Greymate Care, Bluegate homecare, Interim HealthCare of Lubbock, AnsMed Home Care Limited, Phoenix Home Care Agency

Community And Individual Services Market 2024 Key Insights:

• The community and individual services market size is expected to see strong growth in the next few years. It will grow to $1885.89 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
• Addressing Autism Spectrum Disorder (ASD) Through Increased Research And Services
• Utilizing Data-Driven Approaches In Social Assistance
• Western Europe was the largest region in the community and individual services market in 2023

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The Business Research Company ( https://www.thebusinessresearchcompany.com ) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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