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Major Force in the Voluntary Health Organizations Market 2025: Growing Voluntary Contributions Drive Demand For Voluntary Health Organizations Market
How Will the Voluntary Health Organizations Market Grow, and What Is the Projected Market Size?There has been notable growth in the voluntary health organizations market in the past few years. The market, worth $46.12 billion in 2024, is projected to increase to $49.09 billion in 2025, representing a compound annual growth rate (CAGR) of 6.4%. Factors such as increased public health consciousness, fundraising efforts, donations, disease-specific initiatives, research, and advocacy contributed to this growth during the historic period.
In the coming years, the voluntary health organizations market is predicted to experience significant growth, reaching a valuation of $61.27 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. Factors such as pandemic preparedness and response, digital utilization, an ageing demographic, telemedicine, and digital health are anticipated to spur growth during the forecast period. Key trends expected to surface during this period include a surge in digital engagement, an increased emphasis on telehealth and remote assistance, a sharper focus on mental health, and a rise in collaborations and partnerships.
What Key Elements Are Boosting Growth in the Voluntary Health Organizations Market?
The expected rise in voluntary donations is likely to boost the voluntary health organizations market. The primary source of income for these organizations comes from voluntary contributions from the general public. These funds are allocated to broad or specific causes related to health, welfare, or community services. For example, UNICEF's total income saw an increase in 2022, reaching $9,326 million from $8,122 million in the previous year. Thus, the escalating number of voluntary donations from the public is anticipated to enhance the market growth of voluntary health organizations.
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Who Are the Major Industry Players Fueling Voluntary Health Organizations Market Expansion?
Major companies operating in the voluntary health organizations market include Mercy Ships, American Heart Association, Angelwood Inc., Valley Aids Council, March of Dimes, Amyotrophic Lateral Sclerosis Association, American Lung Association, Muscular Dystrophy Association, Center Industries Corporation, AccessCNY, American College of Cardiology, American Diabetes Association, Arizona Partnership For Immunization, Arc of NEPA, Acadiana Concern For Aids Relief, Mains'l California, Maui Family YMCA, Parkview Huntington Family Young Men's Christian Association, American Cancer Society, Alzheimer's Association, American Red Cross, American Kidney Fund, American Liver Foundation, American Parkinson Disease Association, Arthritis Foundation, Autism Speaks Inc., Cystic Fibrosis Foundation, Epilepsy Foundation, Leukemia and Lymphoma Society, Lupus Foundation of America, National Multiple Sclerosis Society, National Psoriasis Foundation, National Stroke Association, Susan G. Komen for the Cure, Michael J. Fox Foundation for Parkinson's Research
Which Key Developments Are Influencing the Voluntary Health Organizations Market?
Leading firms in the voluntary health organizations market are combining their resources to launch online platforms with the aim of boosting healthcare volunteerism and strengthening their market positions. These online platforms establish connections between volunteers, healthcare organizations, and patients who need help. They offer the convenience of completing tasks from anywhere, as long as there's internet access. For instance, in January 2023, Sigma Xi, a non-profit honor society based in the US, introduced the Interactive Volunteer Platform. This new online platform seeks to encourage volunteerism in the health sector by enabling interaction and participation in society activities, mentorship possibilities, and chapter events among members and volunteers. Developed in collaboration with Galaxy Digital, a software company based in the US specializing in nonprofit solutions, the platform will also assist Sigma Xi members in discovering volunteer openings related to health and wellness, including options to volunteer at hospitals, clinics, or other healthcare organizations.
How Is the Segmentation of the Voluntary Health Organizations Market Defined?
The voluntary health organizations market covered in this report is segmented -
1) By Mode Of Donation: Online Donation, Offline Donation
2) By Organization Type: Multilateral Organizations, Bilateral Single Government Agency, Non-governmental
3) By Organization Location: Domestic, International
Subsegments:
1) By Online Donation: Website Donations, Mobile App Donations, Crowdfunding Campaigns, Social Media Fundraising, Subscription-Based Donations
2) By Offline Donation: In-Person Donations (At Events, Charity Drives), Mail-in Donations (Checks, Cash), Corporate Sponsorships And Partnerships, Fundraising Through Tele marketing, Donations Through Retail Partners (Point-Of-Sale Donations)
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What Is the Leading Region in the Voluntary Health Organizations Market?
Asia-Pacific was the largest region in the voluntary health organizations market in 2023. North America was the second largest region in the voluntary health organizations market analysis. The regions covered in the voluntary health organizations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Voluntary Health Organizations Global Market Report?
- Market Size Analysis: Analyze the Voluntary Health Organizations Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Voluntary Health Organizations 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 Voluntary Health Organizations Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Voluntary Health Organizations Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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