The private nursing services market will reach USD 848.7 billion

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Portland, OR, Nov. 14, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the global private nursing services market generated $415.7 billion in 2021 and is projected to reach $848.7 billion by 2031, growing at a CAGR of 7.5% from 2022 to 2031. changing market trends, market size and estimates, value chain, key investment pockets, drivers and opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, early adopters and stockholders in introducing necessary strategies for the future and taking essential actions to significantly strengthen and increase their position in the market.

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Report coverage and details:

Report cover Details
Forecast period 2022–2031
base year 2021
Market size in 2021 $415.7 billion
Market size in 2031 $848.7 billion
CAGR 7.5%
Number of pages in the report 270
Segments Covered Type of service, gender and region.
Drivers Rise in occurrence of chronic disorders among geriatric population requiring efficient nursing services and huge demand for cost-effective treatment
Opportunities Growing demand for home care solutions.
Constraints Lack of availability of highly qualified and experienced nursing staff.

COVID-19 scenario:

  • The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the global private nursing services market. This is due to the fact that private nursing service organizations have ceased operations, due to the closures imposed in several countries, the lack of staff and the fear of contracting the new coronavirus.
  • Strict implementation of social distancing laws, closed borders and delay in the production of health products, due to the pandemic in various countries such as China, India and the United States, have severely affected the growth of the global market.

The report offers a detailed segmentation of the global private nursing services market on the basis of service type, gender, and region. The report provides a comprehensive analysis of each segment and their respective sub-segment using graphical and tabular representation. This analysis can essentially help market players, investors and new entrants to determine and design strategies based on the fastest growing and highest revenue generating segments mentioned in the report.

Based on type of service, the home healthcare provider segment was the largest in 2021, occupying nearly two-fifths of the overall private nursing services market share and is expected to dominate the global market share during the forecast period. However, the retirement communities segment is expected to grow at the fastest CAGR of 8.55% during the period 2022-2031.

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Based on gender, the female segment held the largest market share in 2021, accounting for more than four-fifths of the global private nursing services market share, and is expected to maintain its leading status during the forecast period. Nevertheless, the male segment is expected to quote the highest CAGR of 8.26% during the forecast period.

Regionally, the North America region held the major market share in 2021, holding nearly two-fifths of the global private nursing services market share and is expected to maintain its leading status during the forecast period. . However, the Asia-Pacific region is expected to quote the fastest CAGR of 8.22% during the forecast period. The report also analyzes other regions such as Europe and LAMEA.

Key players analyzed in the Global Private Nursing Services Market 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.

The report analyzes these key players in the global private nursing services market. These market players have effectively used strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is useful for analyzing recent developments, product portfolio, business performance, and operating segments of major market players.

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“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your referenceconsidering the impact of Covid-19 on this market which will help you to assess the aftereffects of the pandemic on the short and long term growth trends of this market.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 industry verticals, including Life sciencesconsumer goods, materials and chemicals, construction and manufacturing, food and beverages, energy and electricity, semiconductors and electronics, automotive and transport, ICT and media, aerospace and defense and BFSI.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Pawan Kumar, CEO of Allied Market Research is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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