Global Private Nursing Services Market Size Is Projected to Surpass $834.75 Million by 2030, Growing at a CAGR 8.21% | Emerging Trends & Expanding Opportunities

New York, NY, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Private Nursing Services Market By Service Type (Medical Care And Non-Medical Care), By Gender (Female And Male), By Medical Condition (Pediatric Care, Chronic Disease Management, Post Operative Services, Elderly Care, And Others), By Payment Model (Insurance Covered Services, Subscription-Based Services, Fee For Service, And Others), And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2023-2030” in its research database.

“According to the latest research study, the demand of global Private Nursing Services Market size & share in terms of revenue was valued at USD 446.95 million in 2022 and it is expected to surpass around USD 834.75 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 8.21% during the forecast period 2023 to 2030.”

What are Private Nursing Services? How big is the Private Nursing Services Industry?

Report Overview:

The global private nursing services market size was valued at USD 446.95 million in 2022 and is likely to surpass USD 834.75 million by the end of 2030. The global private nursing services market is expected to grow with a CAGR of 8.21% during the forecast period.

People who hold a licence as either a licenced practical nurse (LPN) or a registered nurse (RN) are the only ones who are allowed to provide private nursing care services. The delivery of nursing care in a non-institutional or privately run environment is what we mean when we talk about "private nursing." These are provided away from the hospital, for instance, in the patients' homes or any other private facilities that may be available. In accordance with the requirements expressed by the patients, the services might be rendered either on an ongoing or a one-time basis.

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• Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
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• About 212+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on Request
• Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
• Includes Tables and figures have been updated
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
• Zion Market Research research methodology

(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)

Global Private Nursing Services Market: Growth Factors

The world's population is getting older, which will probably be good for business and help the market expand.

One of the most important factors that is contributing to the expansion of the global market for private nursing services is the rapidly expanding elderly population. The need for medical care has greatly increased in recent years as a consequence of the growing proportion of elderly people in the population. In addition, many individuals would to receive medical attention in a setting that is more familiar to them, such as their own homes or any other private nursing facility, rather than in a public hospital.

People receiving care at home are now able to receive high-quality, individualised, and specialised nursing care because to the efforts of private nursing service providers who are seizing the opportunities presented to them. Further establishing a path towards a healthy growth trajectory for the expansion of the sector is the rising prevalence of chronic ailments such as respiratory sickness, cardiovascular disease, and diabetes. For example, in December of 2020, Genesis HealthCare completed the acquisition of Sun Healthcare Group Inc. In 23 different states, Genesis HealthCare runs independent living centres, nursing facilities, and behavioural health centres.

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Report Scope

Private Nursing Services Market: Segmentation Analysis

There are several different ways that the global market for private nursing services can be broken down, including by service type, gender, medical condition, payment mechanism, and geography.

The market is able to be broken down into two distinct subsets, namely, medical care and non-medical care. The provision of medical care can be further subdivided into a variety of subspecialties, such as wound dressing, drug delivery, and others. Companionship, aid with everyday activities, and various forms of non-medical care are some of the subcategories that can be further subdivided within non-medical care. During the time period covered by this forecast, the medical care sector of the global market for private nursing services is expected to account for the greatest proportion of the market. When it comes to providing patients with medical care, private nursing services are absolutely necessary. In today's world, people often engage private nurse services to provide care for their patients after they have been discharged from the hospital in order to save money on the exorbitant expense of medical treatment. Nevertheless, it enables individuals to reduce their costs while still providing their family members with a high-quality healthcare service.

On the other hand, the hectic lifestyles of people are projected to result in steady growth for the non-medical care segment during the forecast period. This is one of the reasons why the market is expected to rise. Increasing urbanisation and high-paced job profiles do not allow them to take out some time for aged care or pleasant companionship for the patient or senior folks. This, in turn, is anticipated to increase the scope of the segment during the anticipated period of time.

The consumer base can be broken down into female and male subgroups according to gender.

As the proportion of females in the world's population continues to rise, the female market segment of the private nursing services business is projected to become increasingly dominant in the coming years. When compared to male patients, female patients tend to be more caring and sensitive, which is one of the reasons why so many female nurses are sought after for employment.

The market is able to be classified into paediatric care, chronic illness management, post-operative services, senior care, and other categories based on the medical condition being treated.

Due to an increase in the total number of surgical procedures performed in every region of the world, the post-operative care sector of the private nursing services business is experiencing the highest rate of expansion. The already strong demand for elective procedures is projected to further drive up the demand in this particular market segment. In addition, today's surgeries involve more complicated procedures, which require a longer period of time to recuperate from, as well as patient care that are case-specific. However, due of the increasing number of senior people in the world, elderly care services also stand a good chance of showing considerable growth in the business. The fact that older patients require more comprehensive care, in particular post-operative treatment, and occasionally just nice companionship, is strongly anticipated to increase the expansion of the market.

The market is able to be split into a variety of submarkets based on the payment model, including insurance-covered services, subscription-based services, fee-for-service services, and others.

As a result of the inclination of individuals to pay a charge after receiving service, it is projected that the fee for the service sector will have a substantial growth in the global market over the period covered by the forecast. Additionally, it appears to be a more convenient method for individuals to call for service just when it is required.

The global Private Nursing Services market is segmented as follows:

By Service Type

• Medical Care
• Non-Medical Care

By Gender

• Female
• Male

By Medical Condition

• Pediatric Care
• Chronic Disease Management
• Post Operative Services
• Elderly Care
• Others

By Payment Model

• Insurance Covered Services
• Subscription Based Services
• Fee For Service
• Others

Browse the full “Private Nursing Services Market By Service Type (Medical Care And Non-Medical Care), By Gender (Female And Male), By Medical Condition (Pediatric Care, Chronic Disease Management, Post Operative Services, Elderly Care, And Others), By Payment Model (Insurance Covered Services, Subscription-Based Services, Fee For Service, And Others), And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2023-2030" Report At https://www.zionmarketresearch.com/report/private-nursing-services-market

Competitive Landscape

Some of the main competitors dominating the global Private Nursing Services market include - 

• NurseRegistry
• Alliance Homecare
• Accredited Home Care
• Tri-City Medical Center
• Aveanna Healthcare
• Homage
• Basin Home Health & Hospice Inc.
• EXTENDICARE
• Bayshore HealthCare
• ParaMed
• Memorial Sloan Kettering Cancer Center
• 3 C Costa Blanca Care Agency
• Care UK
• Able Community Care
• Manorcourt Care
• Helping Hands Home Care
• St. Augustine Health Ministries
• LHC Group
• Hcr Manorcare Inc.
• Addus HomeCare
• Grand world elder care
• Apollo Hospitals Enterprise Ltd
• Columbia Asia
• Trinity Health
• CBI health group Inc 

 Key Insights from Primary Research:

• According to the analysis shared by our research forecaster, the Private Nursing Services market is likely to expand at a CAGR of around 8.21% during the forecast period (2023-2030).                  
• In terms of revenue, the Private Nursing Services market size was valued at around US$ 446.95 million in 2022 and is projected to reach US$ 834.75 million by 2030.
• Increasing aging population is likely to drive the growth of the global private nursing services market.
• Based on the service type, the medical care segment accounts for the largest share of the global market.
• Based on gender, the female segment is likely to dominate the global market.
• Based on the medical condition, post-operative services are the fastest-growing segment in the global market.
• Based on the payment model, the fee for the service segment is anticipated to register a notable growth in the global market.
• Based on region, North America is expected to dominate the global market during the forecast period.

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Key questions answered in this report:

• What is the market size and growth rate forecast for Private Nursing Services industry?
• What are the main driving factors propelling the Private Nursing Services Market forward?
• What are the leading companies in the Private Nursing Services Industry?
• What segments does the Private Nursing Services Market cover?
• How can I receive a free copy of the Private Nursing Services Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Service Type, By Gender, By Medical Condition, By Payment Model, and By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

North America holds the largest share of the global market.

North America accounts for the largest share of the global private nursing services market due to the presence of advanced healthcare infrastructure. The region has a robust network of healthcare facilities, clinics, and hospitals. The region offers a strong foundation for the growth of private nursing services. North America is experiencing a high demographic shift with an aging population. Therefore, the increasing number of elderly individuals with complex healthcare requirements is likely to boost the growth of the regional market during the forecast period. Also, a high preference for patients in families in the region to offer home-like comfort to patients, which in turn is likely to widen the scope of private nursing services in the region.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Recent Developments

In 2022, the private Nursing service market continued to develop and expand driven by several factors

• Growing Demand for Private Nursing Services: There has been a significant rising in demand for private nursing services with the aging of the baby boomer generation.
• Advancement in Technology: In the Development of the private nursing market Technology has played an important role. New technologies, such as remote monitoring and telemedicine have made it easier for nurses to deliver care to patients remotely.
• Government Initiatives: in the development of the private nursing service market in 2021 Government initiatives have also played an important role. For example, the Government of the US has increased funding for home healthcare services as part of its response to the COVID-19 pandemic.

To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/private-nursing-services-market

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