Skip to main content

Competitive Landscape: Private Nursing Services Market Set For Rapid Growth & Trend, By 2027

  

According to Research Dive, the global private nursing services market is predicted to grow at a CAGR of 5.7%, and will surpass $1,299.8 billion by 2026

Private nursing services are the services provided to the client as per their requirement and convenience. Private nursing services are run by companies that provide quick access to treatments, choice of when the treatment should commence, along with providing an opportunity to select or change the professional. To avail the services, the client must pay a chargeable fee to the company or the hospital from where the professional has been selected. These services are mostly provided to clients, who have chronic health issues, by giving special attention to the geriatric people and kids and people suffering from serious damages in the outer and inner parts of the bodies.

Increasing chronic diseases and rise in the number of nuclear families are anticipated to drive the private nursing care services market. At present, people prefer to stay in a nuclear family, and this is the biggest driving factor for the growth of private nursing services. Due to lesser number of family members in the nuclear family, it turns out to be a tough task to take care of the geriatric person in the family. A patient with chronic diseases needs special attention and it becomes difficult for the family members to keep an eye on the patient every time. Thus, it is predicted that the rise in the occurrences of deadly diseases will drive the private nursing services market.

The lack of skilled workers is one of the biggest restraints for the private nursing care services market. The market lacks trained professionals across the globe. According to the World Health Organization (WHO), it was estimated that there was a shortage of 4 million workers in the global health force, which mainly consisted of nurses and community healthcare worker. This mainly arises due to the lack of education, appropriate skill set and experienced professionals, causing a huge impact on the private nursing services market growth.

Depending on the service type, the market is further segmented into nursing care facilities, group care homes, retirement communities, and home healthcare providers. Retirement communities held the largest market share of 25.0% in 2018. The retirement communities segment was $208.6 billion in 2018 and is further projected to grow at a CAGR of 6.8% in the forecast. Increasing geriatric population and an increase in the number of nuclear families are predicted to drive the market for the service type segment in the private nursing services market.

Depending on the end use, the market is further divided into female nursing care and male nursing care. In 2018, female nursing care segment held the largest market share of 61.0%. Female nursing care is predicted to generate a revenue of $773.4 billion by 2026 with a CAGR of 5.4% in the forecast period. The market is majorly dominated by female nurses because female nurses more often than not are able to provide special care and attention to the patient. Moreover, patients prefer female nurses over male nurse. These factors are estimated to drive the end use segment in the private nursing services.

Depending on the region the market is further segmented into Asia-Pacific, North America, Europe and LAMEA. In 2018, North America held the largest market share of 38.0%. North America is predicted to grow at a CAGR of 5.4% by generating a revenue of $483.5 billion by 2026. Favorable government regulations with regards to healthcare and rise in the geriatric population are predicted to give boost to this region. Asia Pacific accounted for the highest growth across the globe in the forecast period.

Asia-Pacific private nursing services market size is predicted to grow at a CAGR of 6.3% by generating a revenue of $300.2 billion by 2026. The presence of a large population having chronic diseases like blood pressure, asthma and diabetes is predicted to drive the market for the region.

The key players in the private nursing services market are Grand World Elder Care, Apollo Hospitals Enterprise Ltd., Columbia Asia, Trinity Health, CBI Health Group Inc., Kaiser Permanente, Brookdale Senior Living, Genesis Healthcare, Kindred Healthcare, LLC and The Ensign Group, Inc., among others.

Visit Top Trending Reports-
Coagulation Testing Market – https://www.researchdive.com/86/coagulation-testing-market
Airway Management Devices Market – https://www.researchdive.com/81/airway-management-devices-market
Activated Partial Thromboplastin Time Test Market – https://www.researchdive.com/79/activated-partial-thromboplastin-time-test-apttt-market

Contact Us:

Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York
NY 10005 (P)
+ 91 (788) 802-9103 (India)
+1 (917) 444-1262 (US) Toll
Free : +1 -888-961-4454
Email: support@researchdive.com
LinkedIn: https://www.linkedin.com/company/research-dive
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive
Blog: https://www.researchdive.com/blog
Follow us on: https://covid-19-market-insights.blogspot.com

Comments

Post a Comment

Popular posts from this blog

Growth Outlook: Healthcare Gamification Market Expand their Businesses with New Investments

   Download FREE Sample The healthcare gamification market share is predicted to grow at a CAGR of 11.9% by generating a revenue of $47,281.5 Million by 2026. Gamification includes applying the techniques used in game, mechanics of game, and game style in non-gaming applications to engage the audience and make the dull task into more fun and engaging. Basically it is an application of elements in video games, which helps to solve the everyday problem and enables the user to change the behavior, develop skills and enable innovation in health care. The  goal of the gamification  is to change the behavior of the patient. The increase in the wearables and health & wellness app with gamification is the strong sign that the people are liking it. The increase in the usage of digitalization and the technology adoption are expected to drive the healthcare gamification market. Many companies are using the digital platform for the people to check their health data. For...
Post a Comment
Read more

COVID-19 Impact: What Challenges Hand Sanitizer Market May See In Next 5 Years?

   Inquire Here Before Purchase and Get FREE Sample The communal transmission of COVID-19 has created a significant impact on the hand sanitizer market growth, throughout the projected timeframe. The growth of the global hand sanitizer market is mainly driven by the rising concern about personal safety among the customers. Furthermore, the extensively growing prevalence of viral disorders globally is also creating a huge demand for hand sanitizers, in the review period. Though the businesses across the globe have strictly imposed lockdown in order to reduce the impact of the pandemic spread, the  global hand sanitizer industry  has shown exponential growth. The ventures involved with hand sanitizer production are adopting numerous strategic steps like product & technology advancements, strategic tie-ups. For example, in June 2020, Procter & Gamble (P&G), has made an announcement to launch of newly invented ‘safeguard sanitizer’. In addition, the enterpris...
Post a Comment
Read more

What are the Left Atrial Appendage Closure Devices Market Key Insights and COVID-19 Business Impact?

   Download FREE Sample Connect with Analyst The COVID-19 outbreak has significantly affected the global left atrial appendage closure devices market. As per American Heart Association, people having high blood pressure, heart valve disease and congenital heart diseases are expected to develop severe coronavirus symptoms. Also, this virus can generate heart strokes through weakening of muscles of the heart. These fators will boost the demand for left atrial appendage closure divices and surge the market growth during the pandemic. Furthermore, the leading manufactures in the global market are adopting various strategies such as product innovations and partnerships to increase their market share in the overall industry. For example, in July 2020, Boston Scientific Corporation announced that the “Watchman FLX left atrial appendage closure device” has been approved by U.S. Food and Drug Administration, which is used to minimize the threat of heart stroke in patients. The stroke r...
Post a Comment
Read more