Press release
Private Nursing Services Market is Projected to Grow to US$ 9.19 Billion at a 5.7% CAGR Forecast Period 2025-2034
Private Nursing Services Market
Market Explanation:
Private nursing services are a kind of home healthcare service that offers consistent professional nursing care to patients who need more significant medical care than what can be offered through normal home health visits. These services are offered by registered nurses (RNs) or licensed practical nurses (LPNs) who work cohesively with the patient's medic to advance and apply a customized care plan.
The main objective of private nursing services is to sustain or reinstitute a patient's maximal health and well-being while permitting them to stay in the ease and awareness of their own home in long-term home care. This kind of care includes a thorough examination of the patient's well-being status, the performance of the adept nurse, and the allocation of patient and family learning dependent on the physician's orders.
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Market Drivers:
Growing Elderly Population to Drive the Market Demand:
The growing aggregate of older persons is changing healthcare requirements worldwide. For instance, the US is encountering a notable demographic move, with the population aged 65 and older estimated to surge from 58 million in 2022 to 82 million by 2050, constituting a 47% surge and causing the elderly care services to grow. This surge is extensively credited to the aging baby boomer generation, which, in turn, drives the private nursing services market demand.
Growing Cases of Chronic Illnesses to Fuel the Market Growth:
Chronic illnesses are the leading factor of death and disability in the US, with six in ten grown-ups residing with minimally one chronic condition such as heart disease, cancer, or diabetes. The conditions frequently need continuing medical attention and can restrict a person's everyday ventures.
Key Players:
Prominent market players are funding massively in research and development so as to augment their product lines which will assist the market to grow even more.
Key companies in the market are mentioned below:
• Active Global Specialised Caregivers Pte Ltd
• ATLANTIC CARE SERVICES
• Aveanna Healthcare LLC
• BAYADA Home Health Care
• CK Franchising, Inc.
• Curantis Private Nursing Services LLC
• Homage Sdn. Bhd.
• Maxim Healthcare Services
• NurseRegistry
• Private Nurse ApS
• Private Nursing Care
• Providence
• Red Crowns
• Sublime Nursing
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Private Nursing Services Market Report Highlights:
• Based on service type, the home health care providers segment accounted for the largest market share in 2024, driven by growing demand for in-home medical services, particularly among aging populations and patients managing chronic conditions.
• By gender, the male segment is demonstrating the highest growth rate within the market, fueled by urgent workforce shortages that are encouraging greater male participation to meet rising healthcare needs.
• In 2024, North America held the largest market share, primarily driven by the well-established healthcare infrastructure, high healthcare expenditure, and a growing aging population requiring long-term care services.
• The Asia Pacific private nursing services market is experiencing rapid growth due to increasing healthcare awareness, rising disposable income, and a growing elderly population.
Segment Wise Insights:
The private nursing services market segmentation is based on service type, gender, and region.
Based on service type, the home health care providers segment held the largest share in 2024 owing to a growing inclination for in-home medical care, particularly amongst the older or those encountering detrimental illnesses.
Based on gender, the male segment is experiencing the highest growth rate owing to a significant worldwide shortage of nurses, encouraging more men to join the workforce.
Private Nursing Services Market, Service Type Outlook (Revenue - USD Billion, 2020-2034)
• Retirement Communities
• Group Care Homes
• Nursing Care Facilities
• Home Health Care Providers
Private Nursing Services Market, Gender Outlook (Revenue - USD Billion, 2020-2034)
• Male
• Female
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Regional Outlook:
• North America
o Service Type Outlook
• Retirement Communities
• Group Care Homes
• Nursing Care Facilities
• Home Health Care Providers
o Gender Outlook
• Male
• Female
• Europe
o Service Type Outlook
• Retirement Communities
• Group Care Homes
• Nursing Care Facilities
• Home Health Care Providers
o Gender Outlook
• Male
• Female
• Asia Pacific
o Service Type Outlook
• Retirement Communities
• Group Care Homes
• Nursing Care Facilities
• Home Health Care Providers
o Gender Outlook
• Male
• Female
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