Press release
Private Nursing Services Market Size to Surpass USD 1172.65 Million by 2034, Growing at 8.37% CAGR
Global Private Nursing Services Market Size
Rising geriatric population, the increasing prevalence of chronic diseases, and a growing preference for home-based personalized healthcare solutions are driving significant growth in the sector.
🌍 Market Overview
Private nursing services are delivered by licensed professionals such as Licensed Practical Nurses (LPNs) and Registered Nurses (RNs), usually outside hospitals, in settings like patient homes or private facilities. These services cover both medical care (wound dressing, medication, chronic care) and non-medical care (companionship, assistance with daily activities), offering patients comfort, safety, and specialized support.
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📊 Key Insights
Market revenue expected to rise from USD 524.9 Million in 2024 to USD 1172.65 Million by 2034.
CAGR of 8.37% (2025-2034) highlights strong expansion.
Chronic disease management remains the leading medical condition segment.
Medical care services dominate the market by type.
North America holds the largest market share, followed by Europe and Asia Pacific.
🚀 Growth Drivers
Aging Population
The fast-growing geriatric population is creating strong demand for long-term, personalized healthcare services.
Chronic Disease Burden
Conditions such as diabetes, cardiovascular diseases, and respiratory illnesses are increasing demand for professional private nursing support.
Shift Toward Home Healthcare
Families prefer cost-effective, comfortable, and specialized care at home, fueling adoption of private nursing.
⚠️ Restraints
High Costs & Affordability Issues: Many patients find private nursing financially challenging.
Shortage of Skilled Professionals: Limited availability of trained nurses restricts large-scale adoption.
🌱 Opportunities
Awareness & Acceptance: Growing recognition of personalized healthcare is expanding the market.
Strategic Partnerships: Vendors are entering long-term collaborations to strengthen services. Example: Medline's multi-year agreement with Tri-City Medical Center worth USD 30M.
🏆 Challenges
Regulatory Compliance: Providers must meet government licensing and certification standards, which adds complexity and delays.
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🌐 Regional Analysis
North America dominates the market due to advanced healthcare infrastructure and a rising elderly population requiring specialized care.
Europe shows strong adoption, supported by government healthcare frameworks and rising home-care preferences.
Asia Pacific is emerging rapidly, with rising income levels, urbanization, and aging demographics in countries like China, Japan, and India. For instance, India's Ayushman Bharat Health Infrastructure Mission reflects the government's push toward improved healthcare access.
🔑 Competitive Landscape
Key players operating in the global market include:
BAYADA Home Health Care
Maxim Healthcare Services
NurseRegistry
Aveanna Healthcare LLC
Homage Sdn. Bhd
Curantis Private Nursing Services LLC
CK Franchising, Inc.
Providence
Active Global Specialised Caregivers Pte Ltd
Red Crowns
ATLANTIC CARE SERVICES
Sublime Nursing
Companies are focusing on acquisitions, partnerships, and technological integration to deliver affordable, scalable, and personalized nursing care.
📌 Conclusion
The private nursing services market is on a high-growth trajectory, supported by aging demographics, chronic disease prevalence, and growing preference for home-based care. Despite challenges like cost barriers and regulatory compliance, the market presents vast opportunities, especially in emerging economies.
With revenue projected to reach USD 1172.65 Million by 2034, healthcare providers and investors focusing on innovative, affordable, and patient-centric nursing solutions will be well-positioned to capitalize on this expanding industry.
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