Global Private Nursing Services Market Expected to Grow Substantially Owing to Increasing Incidence of Chronic Ailments Across the Globe [220-Pages] | Details by Research Dive

Global private nursing services market is expected to grow mainly due to rising prevalence of chronic diseases across the world. Female sub-segment is likely to flourish immensely. The North America market is expected to grow significantly by 2031.

NEW YORK, March 14, 2023 /PRNewswire/ -- 

Global Private Nursing Services Market Forecast Analysis:

As per the report published by Research Dive, the global private nursing services market is expected to register a revenue of $848.70 million by 2031 with at a CAGR of 7.5% during the forecast period 2022-2031.

Segments of the Private Nursing Services Market

The report has divided the private nursing services market into the following segments:

Service Type: retirement communities, group care homes, nursing care facilities, and home healthcare providers

Gender: female and male

Region: North America, Europe, Asia-Pacific, and LAMEA

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Dynamics of the Global Private Nursing Services Market

Growing prevalence of chronic diseases across the globe is expected to become the primary growth driver of the private nursing services market in the forecast period. Additionally, significant social changes in family setup are predicted to propel the market forward. However, according to market analysts, lack of skilled workers might become a restraint in the growth of the market.

Increase in demand for therapeutic equipment is predicted to offer numerous growth opportunities to the market in the forecast period. Moreover, increasing incidence of illnesses requiring long-term care is expected to propel the private nursing services market forward in the coming period.

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COVID-19 Impact on the Global Private Nursing Services Market

The Covid-19 pandemic disrupted the routine lifestyle of people across the globe and the subsequent lockdowns adversely impacted the industrial processes across all sectors. The private nursing services market, too, was negatively impacted due to the pandemic. The pandemic saw a massive surge in hospital admissions and a shift in focus to treating coronavirus related complications in hospitals. Hence, the private nursing services were primarily disrupted which reduced the growth rate of the market.

Key Players of the Global Private Nursing Services Market

The major players of the market include

• The Ensign Group Inc.
• Kaiser Permanente
• Columbia Asia
• Kindred Healthcare LLC
• CBI Health Group Inc.
• Apollo Hospitals Enterprise Ltd.
• Genesis Healthcare
• Trinity Health
• Grand World Elder Care
• Brookdale Senior Living

These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain the market growth.

For instance, in December 2021, Aveanna Healthcare Holdings, Inc., a leading diversified home care platform, announced the acquisition of Accredited Home Care, a leading private duty services company. This acquisition will help Aveanna Healthcare Holdings to cater to the demands of the healthcare industry in a much better way.

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What the Report Covers?

Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter's five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)

More about Private Nursing Services Market:

• Why do Individuals Opt for Private Nursing Services?
• Global Private Nursing Services Market to Observe Widespread Growth with the Growing Incidence of Deadly Diseases

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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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