The Growing Demand For Private Nursing Services Driven By The Rise In Chronic Diseases: Major Factor in the Transformation of the Private Nursing Services Market in 2025

How Will the Private Nursing Services Market Grow, and What Is the Projected Market Size?
The market size for private nursing services has experienced robust growth in recent years. It is expected to expand from $550.23 billion in 2024 to $595.28 billion in 2025, showing a compound annual growth rate (CAGR) of 8.2%. The substantial growth during the prior years can be linked to a surge in chronic illnesses, a rise in working adults, a growing requirement for post-operative care, an increased number of chronic care facilities, and an escalation in obesity cases.

Anticipated to witness robust expansion in the following years, the size of the private nursing services market is projected to increase to $807.07 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.9%. This growth trend within the stipulated period is largely due to the rising number of surgical procedures worldwide, an aging population, escalating healthcare costs, heightened awareness about private nursing services, and an escalating demand for customized care. The forecast period is also expected to encounter significant trends such as technological innovations, the incorporation of telehealth, advancements in home-based care technology, the introduction of value-based care models, and the implementation of machine learning.

What Key Elements Are Boosting Growth in the Private Nursing Services Market?
The escalating incidence of chronic illnesses is predicted to fuel the expansion of the private nursing services market. Due to factors such as aging populations, lifestyle choices, and environmental impacts, the occurrence of chronic diseases is on a constant upswing globally. The provision of steady care by private nursing services allows for the development of a beneficial patient-nurse rapport, leading to the effective handling of chronic conditions and enhancing overall health results. For instance, an August 2022 report by the American College of Cardiology, a non-profit medical association in the US, anticipates a surge in all four major cardiovascular risk factors from 2025 to 2060 in the United States. Diabetes is forecasted to witness the highest proportionate increase, expecting a 39.3% rise to 55 million people, followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). Therefore, the rising prevalence of chronic diseases serves as a key driver for the growth of the private nursing services market.

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Who Are the Major Industry Players Fueling Private Nursing Services Market Expansion?
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

Who Are the Major Industry Players Fueling Market Expansion?
Primary players in the private nursing services market are concentrating their efforts on creating unique services, like those capable of delivering medical care for children both at home and in educational settings, in order to gain a competitive advantage. Providing medical care in home and school environments includes regular health checks, urgent care, and collaboration with healthcare professionals to manage chronic diseases and guarantee overall health. For example, in March 2022, Always Compassionate Home Care (ACHC), an American home healthcare service provider, unveiled its newly formed pediatric nursing division, with plans to provide specialized healthcare to children upto 23 years with complicated medical needs, right from birth. This initiative strives to go beyond conventional medical treatment, ensuring that children get superior services adapted to their specific needs.

How Is the Segmentation of the Private Nursing Services Market Defined?
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 Is the Leading Region in the Private Nursing Services Market?
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.

What Is Covered In The Private Nursing Services Global Market Report?

- Market Size Analysis: Analyze the private nursing services Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the private nursing services market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall private nursing services market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the private nursing services market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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