Private Nursing Services Market Size Worth $922.79 Million By 2032 | CAGR: 7.6%

The global private nursing services market size is expected to reach USD 922.79 million by 2032, according to a new study by Polaris Market Research. The report “Private Nursing Services Market Share, Size, Trends, Industry Analysis Report, By Service Type (Retirement Communities, Group Care Homes, Nursing Care Facilities, and Home Health Care Providers); By Gender; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

There has been a significant rise in the incidences of several serious health diseases among the aging or elderly population and a large number of chronic diseases afflicting the geriatric population, such as heart disease, cancer, Alzheimer’s, and anxiety, as these diseases require long-term medication, hospitalization for these chronic conditions might be consuming and highly time-consuming, thus the demand for private nursing services is rapidly increasing. Moreover, rising focus and implementation on the expansion and improvements in healthcare facilities by major players through several business development activities, including new technology innovation, acquisitions, and partnerships, are further expected to create lucrative growth opportunities for the market.

For instance, in November 2022, PurposeCare announced the acquisition of five home health and home care agencies, including Purpose Home Health, A1 Home Health Care, Honor Health Care, and Newsome Home Health. It focuses on using the caregiver’s home care services per client requirements.

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While home care or private nursing services continues to face nurse shortages, the demand for such home care services is on the rise. With the emergence of technology, which eases caregiver's workloads, agencies cannot recruit enough staff to cater to continuously rising staffing demands of the industry worldwide. Companionship is critical to a senior's well-being, as many seniors or aged people live alone after their spouse or life partner dies. They might lack transportation and have limited access to mobility, hearing, and eyesight, which can interfere with their ability to socialize. For instance, according to CDC, around 1/3 of adults over 45 years struggle with loneliness, paving the way for healthcare agencies.

Private Nursing Services Market Report Highlights

• Home health care providers segment accounted for largest market share in 2022, on account of rapid increase in the elderly population and high advances in both medical and technology
• Male segment is anticipated to grow at a highest CAGR during the projected period, which is mainly driven by increasing need for male nurses due to growing burden of patients requiring nursing facilities on female nurses
• North America region dominated the global market with maximum market share in 2022, owing to rising incidences of numerous chronic disorders and presence of well-established healthcare facilities in the region
• The global key market players include Kindred Healthcare, Brookdale Senior Living, CBI Health Group, Apollo Hospitals, Helping Hands Home Care, Genesis Healthcare, Trinity Health, Grand World Elder Care, LHC Group, Addus Homecare, Columbia Asia, Kaiser Permanente, Aveanna Healthcare, Alliance Homecare, & Accredited Home Care.

Polaris Market Research has segmented the private nursing services market report based on service type, gender, and region:

Private Nursing Services, Service Type Outlook (Revenue - USD Million, 2019 - 2032)

• Retirement Communities
• Group Care Homes
• Nursing Care Facilities
• Home Health Care Providers

Private Nursing Services, Gender Outlook (Revenue - USD Million, 2019 - 2032)

• Male
• Female

Private Nursing Services, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Private Nursing Services Market Report Scope