The market for private nursing services is expected to generate

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New York, United States, December 08, 2021 (GLOBE NEWSWIRE) – According to the report published by Research Dive, the global private nursing services market should generate a turnover of $ 1,299.8 million by 2026 and grow to a stable level 6.3% CAGR over the analysis period of 2019-2026. The comprehensive report provides a brief overview of the current scenario of the Private Nursing Services market including the main characteristics of the market such as growth factors, challenges, restraints, and various opportunities during the estimated period of 2019. -2026. The report also provides all market figures to help new entrants to easily analyze the market.

Market dynamics

Conductors: The increase in chronic diseases among people has become a major concern for families, forcing them to rely on nursing professionals. This factor is expected to drive the growth of the private nursing services market during the forest period. In addition, a vast change in social life has resulted in an increase in the number of nuclear families who have difficulty in providing adequate care to the dependent member. This is expected to further enhance the development of the market by 2026.

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Opportunities: Across the world, families who choose to live apart as nuclear families have resulted in a growing demand for quality private nursing care. And given that the retirement community would now stay indoors without any exercise, there is a good chance that the elderly will need health and nursing services. These factors are expected to provide plenty of growth opportunities for the private nursing services market over the forecast years.

Constraints: The unavailability of skilled labor and nursing services in rural areas is the main obstacle to the growth of the private nursing services market.

Market segments

The report has divided the private nursing services market into few segments based on type of service, end use, and regional analysis.

Type of service: The retiree communities sub-segment will have the highest growth rate

By type of service, the retiree community sub-segment is expected to experience the highest growth rate, with revenue of $ 353.5 billion by 2026. Families are now choosing to stay nuclear, which considerably reduces the number of people in the family to care for an elderly person. retired person. This drift in social life caused a peak in the hiring of health professionals and nurses. These factors significantly boost the growth of the market sub-segment during the analysis period.

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End use: The female nursing sub-segment will be the most dominant

In terms of end use, the female nursing sub-segment is expected to have a dominant market share and is expected to register a revenue of $ 773.4 billion by 2026. Nurses are more sensitive to patients and treat them with more care, compared to nurses. Further, most of the time, patients prefer nurses over men, thus enhancing the growth of the private nursing services market sub-segment over the forecast years.

Region: North America will have better growth opportunities

According to regional analysis, the North America region is expected to experience better growth opportunities and grow at a faster pace. 5.4% CAGR during the analysis period. The growing geriatric population and the number of hospitals and infrastructure in the region provide better opportunities for the growth of the private nursing services market. In addition, a higher per capita income of the inhabitants of the region should further support the development of the market in North America.

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Major market players

The major players in the private nursing services market include

  1. Care for the Elderly of the Big World
  2. Apollo Hospitals Enterprise Ltd.
  3. Health of the Trinity
  4. Colombia Asia
  5. The Ensign Group Inc.
  6. Kindred Health LLC
  7. Genesis Health
  8. Kaiser Permanente
  9. CBI Health Group Inc.
  10. Brookdale Senior Living, and many more.

These major market players are developing strategies such as product improvement, mergers and acquisitions, partnerships and collaborations to support the market growth.

For example, in December 2021, BioIntelliSense, a DaaS platform and body sensor manufacturer, worked with Renown Health, a leading local healthcare network, to design a scalable system to optimize critical health resources and efficient nurse workflow.

The full report also summarizes many crucial facets including the financial performance of key players in the Private Nursing Services market, SWOT analysis, product portfolio, and latest strategic developments.

Besides, the report contains detailed information of Major Business Manufacturers such as SWOT Analysis, Product Portfolio, Financial Status – Learn to Access the Detailed Report on Top Business Development Strategy.

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