Private Nursing Services Market By Service Type (Retirement Communities, Group Care Homes, Nursing Care Facilities, Home Healthcare Provider), By Gender (Female, Male): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global private nursing services market is anticipated to reach $848.7 million by 2031, growing from $415.7 million in 2021, at a CAGR of 7.5% from 2022 to 2031.
In comparison to government nursing facilities, private nursing care services are preferred by patients, as they offer better consulting and provide better service. Some of the factors driving the adoption of private nursing care providers include privacy, cleanliness, drug availability, and others. In December 2020, The National Adult Day Services Association created a unified set of standard outcomes in response to an increase in demand among private funders that provide adult day services. In the U.S., the most popular type of private insurance arrangement is reimbursement plans as they provide eligible recipients with coverage up to a certain limit to pay home, outpatient, or nursing care expenditures.
When there are chances of less face-to-face interaction between the nurse and doctor, the nurse is responsible for conducting assessments and communicating results in home care settings. Another distinguishing factor of home healthcare is that each patient receives medical care in a separate setting from the others. Some circumstances may put patients at risk for issues that are challenging to resolve in homecare setting. In hospitals, environmental health & safety departments are well-equipped to deal with such circumstances.
Rising healthcare costs have increased patient preference for home-based treatments. Nebulizers, ventilators, and continuous positive airway pressure (CPAP) devices are used by nurses in home care settings to treat, diagnose, and monitor a range of respiratory illnesses. The rapid increase in the global elderly population, the rising prevalence of chronic diseases (asthma), and the cost benefits of home care equipment and services (compared to hospital visits) are the key reasons anticipated to drive the private nursing service market expansion.
The COVID-19 pandemic created a global health crisis that has majorly boosted the geriatric care services sector. Elder persons in various countries are experiencing the most significant challenges and dangers as a result of the epidemic, boosting demand for elder care services. Private nursing service is essential in providing long-term care to the elderly and lowering the chance of illnesses if they get infected with the coronavirus. The Centers for Disease Control and Prevention, for example, had set criteria for adult daycare center workers, volunteers, and administrators during the pandemic. Furthermore, private nursing home care agencies across the world provide a range of emergency and non-medical support services to help the elderly remain independent and healthy in their own homes. These programs have provided several benefits during the pandemic, including providing crucial assistance to families, relieving strain on limited hospital resources, and providing fast emergency response.
The key players profiled in the report include The Ensign Group, Inc., Kindred Healthcare, LLC, Genesis HealthCare, Brookdale Senior Living Inc., Kaiser Foundation Health Plan, Inc., CBI Health., Trinity Health, Columbia Asia, Apollo Hospitals Enterprise Ltd., and Grand World Elder Care.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the private nursing services market analysis from 2021 to 2031 to identify the prevailing private nursing services market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the private nursing services market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global private nursing services market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Service Type
Retirement Communities
Group Care Homes
Nursing Care Facilities
Home Healthcare Provider
By Gender
Female
Male
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest Of Asia Pacific
LAMEA
Brazil
Saudi Arabia
UAE
South Africa
Rest of LAMEA
Key Market Players
The Ensign Group, Inc.
Knight Health Holdings, LLC
Genesis HealthCare, Inc.
Brookdale Senior Living Inc.
Kaiser Foundation Health Plan, Inc.
CBI Health
Trinity Health
Columbia Asia
Apollo Hospitals Enterprise Ltd.
Grand World Elder Care
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