New York, USA, May 09, 2022 (GLOBE NEWSWIRE) — According to the report published by Research Dive, the global private nursing services market generated revenue of $834.2 billion in 2018 and is further expected to generate revenue of $1,299.8 billion and grow at a CAGR of 5.7% over the period. forecast 2019-2026. The inclusive report provides a brief overview of the current market scenario including important aspects of the market such as the growth factors, challenges, restraints and various opportunities during the forecast period. The report also provides all market figures which makes it easy and helpful for new entrants to understand the market.
Drivers: The increasing occurrence of chronic diseases among people across the globe is expected to drive the market growth. In addition, the gradual change in the social life of people and intensive care provided by professionals is further expected to accelerate the growth of the private nursing services market over the forecast period.
Constraints: Unavailability of ideal services in rural areas is expected to hamper the growth of the market over the forecast period.
Opportunities: The growing prevalence of geriatric population across the globe is expected to create huge opportunities for the growth of the private nursing services market over the forecast period.
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The report had divided the market into different segments based on service type, application and region.
Service Type: Retirement Communities sub-segment will have the highest growth rate
The retirement communities sub-segment is expected to generate revenue of $353.5 billion during the forecast period. Rising prevalence of nuclear families and changing social trend among people is expected to support the growth of the private nursing services market sub-segment over the forecast period.
Application: female nursing sub-segment will be the most profitable
The female nursing sub-segment is expected to generate revenue of $773.4 billion during the forecast period. Rising preference of nurses over male nurses by patients due to their sensitive nature which enables them to prove better care is expected to drive the growth of the sub-segment over the forecast period.
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Region: North America to dominate the global market
The North America region is expected to grow rapidly at a CAGR of 5.4% during the forecast period. The widespread presence of hospitals in this region is expected to drive the growth of the market. In addition, a remarkable increase in the geriatric population in this region is expected to further accelerate the growth of the regional private nursing services market over the forecast period.
Main market players
Major players in the Private Nursing Services market include
- Trinity Health
- Colombia Asia
- Apollo Hospitals Enterprise Ltd.
- Related health care
- Genesis Health
- Brookdale Senior Living
- Permanent Kaiser
- CBI Health Group
- The Ensign Group Inc.
- Care for the Elderly of the Great World.
These players are working on strategizing such as product development, mergers and acquisitions, partnerships and collaborations to sustain the growth of the market.
For example, in December 2021, Aveanna Healthcare Holdings, Inc., a leading diversified homecare platform focused on providing care to medically complex and high-cost patient populations, acquired Accredited Home Care, a leading private service company based in Southern California. , to bolster Aveanna’s strong private services business. The acquisition will further optimize Aveanna’s position by enabling people to use a growing variety of home care options for patients and their families.
The report also summarizes many important aspects including financial performance of key players, SWOT analysis, product portfolio and latest strategic developments.
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