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Key Influencer in the Private Nursing Services Market 2025: The Growing Demand For Private Nursing Services Driven By The Rise In Chronic Diseases Driver
Private Nursing Services
The growth of the private nursing services market is anticipated to be driven by the rising incidence of chronic diseases. The prevalence of such diseases is on an uptrend globally due to aging demographics, lifestyle choices, and environmental impact. Private nursing services offer consistent care and foster a solid bond between patient and nurse that enhances the management of chronic conditions and boosts overall health results. For example, a report by the American College of Cardiology, a non-profit medical association based in the US, predicted in August 2022 that all four major cardiovascular risk factors in the United States are expected to rise from 2025 to 2060. Diabetes will likely see the largest percentage increase, with an anticipated rise of 39.3% to 55 million people, followed by dyslipidemia (increasing by 27.6% to 126 million), hypertension (up by 25.1% to 162 million), and obesity (growing by 18.3% to 126 million). Hence, the rise in chronic diseases is fuelling the expansion of the private nursing services market.
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What is the future CAGR of the private nursing services market, and how will it impact industry expansion?
In recent times, the private nursing services sector has seen substantial growth. It is projected that its market size will increase from $550.23 billion in 2024 to $595.28 billion in 2025, with an 8.2% compound annual growth rate (CAGR). The growth experienced in the past can be traced back to factors such as the rising occurrences of chronic illnesses, the growth of the working adult population, the increasing demand for post-surgery care, the expansion in chronic care facilities, and the heightened prevalence of obesity.
The market for private nursing services is predicted to experience substantial growth over the next few years, expanding to a worth of $807.07 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 7.9%. This projected growth during the forecast period is largely due to factors such as the rising number of surgeries worldwide, an aging population, escalating healthcare costs, increased awareness of private nursing services, and a growing need for personalized care. Key trends to watch out for in the forecast period include technological leaps, the incorporation of telehealth, advancements in home-based care technology, the adoption of value-based care models, and machine learning.
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What new trends are reshaping the private nursing services market and its opportunities?
Prominent organizations in the private nursing services sector are channeling their efforts into creating novel services. These innovative offerings, including specialized medical care for children in both their homes and schools, aim to secure a competitive advantage. Such specialized care involves regular health check-ups, emergency services, and collaboration with healthcare practitioners to manage long-term illnesses and maintain overall health. For example, Always Compassionate Home Care (ACHC), a provider of home health care services in the US, introduced its new pediatric nursing division in March 2022. It particularly targets providing comprehensive medical care for children with complex health requirements from the time of their birth up to 23 years of age. This venture has been envisioned to extend beyond the routine medical care, ensuring personalized, high-quality services catered specifically to each child's needs.
Which key market segments comprise the private nursing services market and drive its revenue growth?
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 regions are at the forefront of private nursing services market expansion?
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.
Who are the leading players fueling growth in the private nursing services market?
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
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What Is Covered In The Private Nursing Services Global Market Report?
•Market Size Forecast: Examine the private nursing services market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the private nursing services market for a structured understanding.
•Key Players Overview: Analyze major players in the private nursing services market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the private nursing services market.
•Segment Contributions: Evaluate how different segments drive overall growth in the private nursing services market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the private nursing services market.
•Industry Challenges: Identify potential risks and obstacles affecting the private nursing services market.
•Competitive Landscape: Review strategic developments in the private nursing services market, including expansions, agreements, and new product launches.
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