About Private Nursing Services
Private nursing services are the services that are offered by nurses who are licensed as registered nurses (RN) or Licensed practical nurses (LPN). However, professionals provide these services for the individual care of the patients. Also, these services are offered to the patients as per the requirement of the client depending on whether it is the client's house or a medical institution like nursing homes, hospital or others; these services are offered to clients who have severe disease or need help in taking care of elderly or children.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.21% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Private Nursing Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The Ensign Group, Inc. (United States), Kindred healthcare, LLC (United States), Genesis healthcare (United States), Brookdale senior living (United States), Kaiser Permanente (United States), CBI health group Inc.(United States), Trinity health (United States), Columbia Asia (India), Apollo Hospitals Enterprise Ltd. (India) and Grand world elder care (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Private Nursing Services market by Type (Critical Care Nursing, Tracheostomy Nursing, Palliative Nursing, Mother & Babycare Nursing, Travel Abroad Nursing, Palliative Nursing, Geriatric Nursing and Others), Application (Retirement Communities, Group Care Homes, Nursing Care Facilities and Home Health Care Providers) and Region.
On the basis of geography, the market of Private Nursing Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Female will boost the Private Nursing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Popularity of Home Care Facility
Market Growth Drivers:
Increasing Chronic Diseases Such as Cancer and Rising in the Number of Nuclear Families across the Globe
Challenges:
Lack of Skilled Nursing Professionals
Restraints:
High Cost for Private Nursing Services
Opportunities:
Increasing Healthcare Spending across the Worldwide
Market Leaders and their expansionary development strategies
In August 2023, Apollo, the world's largest integrated healthcare provider, on Monday announced a pan-India expansion of their one-of-a-kind connected care programme, Apollo Connect this, Apollo aims at creating the largest connected healthcare ecosystem in India, empowering hospitals and nursing homes across metros and non-metros to offer holistic and superior patient care.
In December 2022, Aston University has launched a degree in nursing with its first intake.Approved by the Nursing and Midwifery Council (NMC), the Nursing Studies BSc (Hons) will specialise in nursing adults with a focus on community nursing, with work placements offered in hospital and community settings to best reflect where the NHS most urgently needs nurses.
Key Target Audience
Private Nursing Services Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.