The global Private Nursing Services Market size is anticipated to reach USD 7.37 billion by 2030, expanding at a CAGR of 5.85% from 2024 to 2030, according to a new report by Grand View Research, Inc. Private nurses provide medical care such as administering medications, managing wounds, and monitoring vital signs to the patients suffering from chronic diseases. They also offer emotional support and help with daily tasks like bathing and dressing. Thus, the increasing prevalence of chronic diseases is anticipated to drive the need for private nursing services over the forecast period.
According
to the statistics from the American Cancer Society published in 2023, 1,918,030
new cancer cases were diagnosed in 2022. It is estimated that approximately
1,958,310 new cancer cases were diagnosed in the U.S. in 2023, which is
equivalent to 5,370 new cases per day. Due to cancer treatments being long-term
and expensive at hospital facilities, the increasing cancer burden in the U.S.
is anticipated to require more nursing care, which is expected to drive the
market's growth.
Furthermore,
the COVID-19 pandemic had a significant impact on private duty nursing (PDN)
services, particularly for children with medical complexities (CMC). In a study
conducted by the Center for Research in Education and Social Policy in
September 2021, it was found that 32% of shifts were not covered in the six
months prior to the pandemic, compared to the period of January-June 2021. This
was reported by family caregivers of CMC. This shortage of PDNs led to
difficulties in securing PDNs for CMC care, with 44% of family caregivers
reporting difficulty in securing PDNs. In addition, the same study reported
that 71% of PDNs altered their work schedules during the pandemic, citing
reasons such as increased workload, fear of infection, and family obligations.
However, with a decrease in COVID-19 cases, the market has since recovered and
is likely to increase rapidly in the post-pandemic period.
List
of Key Players in the Private Nursing Services Market
- BAYADA Home
Health Care
- Maxim
Healthcare Services
- NurseRegistry
- Aveanna
Healthcare LLC
- Homage Sdn.
Bhd
- Private
Nursing Care
- Curantis
Private Nursing services LLC
- CK
Franchising, Inc.
- Providence
- Private Nurse
ApS
- Active Global
Specialised Caregivers Pte Ltd
- Red Crowns
- ATLANTIC CARE
SERVICES
- Sublime
Nursing
- Private Duty
Nursing in an Acute Hospital
Request a free sample copy or view report
summary: Private Nursing Services Market Report
Private
Nursing Services Market Report Highlights
- Based on
medical condition, the chronic disease management segment held the largest
market share in 2023. However, post-operative services are the
fastest-growing segment during the forecast period
- Based on
type, the medical care segment accounted for the largest market share in
2023. The growing incidence of chronic diseases such as COPD and asthma,
as well as the cost benefits of home care devices and services compared to
hospital visits, are the primary factors driving the growth of the medical
care segment in the private nursing services market
- North America
dominated the market in 2023 due to factors such as the aging population,
increasing demand for personalized care, and the rise in development of
healthcare infrastructure
- In the U.S.,
a rise in disposable income is expected to drive market growth. For
instance, according to Trading Economic Data published in 2023, disposable
personal income increased to USD 19,742.3 billion in April 2023 from USD
18,384.3 billion in April 2022. This growth in disposable income may
lead to increased spending on healthcare, which is likely to contribute to
market growth
Private Nursing Services Market
Report Scope
|
Report Attribute |
Details |
|
Market
size value in 2024 |
USD 5.24
billion |
|
Revenue
forecast in 2030 |
USD 7.37
billion |
|
Growth
Rate |
CAGR of
5.85% from 2024 to 2030 |
|
Actual
data |
2018 - 2023 |
|
Forecast period |
2024 - 2030 |
Related
Press Release@ Private Nursing Services Industry Analysis
Private
Nursing Services Market Segmentation
Grand
View Research has segmented the global private nursing services market based on
medical condition, type, and region:
Private
Nursing Services Medical Condition Outlook (Revenue, USD Million, 2018 - 2030)
- Chronic
Disease Management
- Post
Operative Services
- Elderly Care
- Pediatric
Care
- Others
Private
Nursing Services Type Outlook (Revenue, USD Million, 2018 - 2030)
- Medical Care
- Non-Medical
Care
Private
Nursing Services Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Sweden
- Denmark
- Norway
- Asia Pacific
- Japan
- China
- India
- Australia
- Thailand
- South Korea
- Singapore
- Latin America
- Brazil
- Argentina
- MEA
- South Africa
- Saudi Arabia
- UAE
- Kuwait
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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