What Factors Propelled The Growth Of The Community And Individual Services Market In The Past?
The community and individual services market has seen considerable growth due to a variety of factors.
• Over the past few years, the market size for community and individual services has witnessed robust growth. This market is predicted to expand from $1331.91 billion in 2024 to $1420.28 billion in 2025, signifying a compound annual growth rate (CAGR) of 6.6%.
This growth throughout the historical period can be credited to factors such as the escalating aging population, robust economic expansion in emerging markets, evolution of technology and mobile applications, and government subsidies for community care.
What Is The Projected Growth And Market Size For The Community And Individual Services
The community and individual services market is expected to maintain its strong growth trajectory in upcoming years.
• Over the forthcoming years, the market size of community and individual services is anticipated to experience substantial growth, reaching up to $1809.96 billion over the next decade with a Compound Annual Growth Rate (CAGR) of around 6.2%.
This expected increase is due to a shift towards community-based living, the rapid rise in the elderly population, lifestyle changes, wider access to healthcare, and boosted household incomes. Notable trends for the projected period comprise the growing use of technology in adult day care, data-centric approaches in human services, virtual platforms for funding social initiatives, care centers for autism, telehealth to bolster services for underserved communities, personalized service plans, and the application of Electronic Health Records (EHRs) and Artificial Intelligence (AI) in managing childcare.
What Main Forces Are Fueling Expansion In The Community And Individual Services Market?
Autism Spectrum Disorder (ASD) is a multifaceted developmental disability, with symptoms usually surfacing in early childhood and impacting a person's capacity to communicate and socialize. The Centers for Disease Control and Prevention (CDC) indicate that 1 in 59 children are diagnosed with ASD in America. Research suggests that early detection and treatment can lead to drastically better outcomes. Numerous autism research institutions are therefore anticipated to devote more resources and funding towards the progression of this condition. A rise in the count of therapists and psychologists, as well as providing training for social service workers to become autism child care counselors, is likely to benefit more individuals and consequently lead to an increase in revenue generation.
What Are The Main Segments Of The Global Community And Individual Services Market?
The community and individual services market covered in this report is segmented –
1) By Type: Community Food, Housing, and Relief Services, Individual And family Services
2) By Mode: Offline, Online
3) By Application: Food Stamp Program, Disaster Relief Services, Adoption Services, Self-Help
Subsegments:
1) By Community Food: Food Banks and Pantries, Meal Programs, Nutrition Education Programs, Community Gardens and Farms
2) By Housing: Emergency Shelters, Transitional Housing, Affordable Housing Development, Housing Assistance and Advocacy Programs
3) By Relief Services: Disaster Relief Services, Emergency Financial Assistance, Crisis Intervention Services, Support for Refugees and Displaced Persons
4) By Individual and Family Services: Counseling and Mental Health Services, Child and Family Services, Substance Abuse Treatment, Domestic Violence Services
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What Emerging Trends Are Influencing The Growth Of The Community And Individual Services Market?
Increasingly, providers of community and individual services are utilizing data-centered methods like big data and predictive analytics to gather insight into social aid services. Predictive analytics employs data, statistics, and machine learning to predict potential future outcomes based on past data. Big data analytics, on the other hand, unveils hidden trends and valuable data from large data sets. These tools aid in reporting, identifying, and rectifying non-compliance when surveying the target population. For example, Hillside Family of Agencies, an organization that provides services to youthful individuals and families, leverages predictive analytics to lower the high school dropout rates. Furthermore, Good Samaritan Society, a non-profit that provides senior care and services, collaborated with IBM to utilize big data and analytic software for its patient's clinical and operational data.
Who Are the Key Players in the Community And Individual Services Market?
Major companies operating in the community and individual services market include:
• World Food Program
• UNICEF
• Sanctuary Housing
• Food For Poor
• Bill & Melinda Gates Foundation
• W.K. Kellogg Foundation Trust
• The Salvation Army International Trust
• Seacor Holdings Inc
• Right at Home Inc
• BAYADA Home Health Care
• Fine Line Media Private Limited
• 10x Shooting Private Limited
• 1health Integrated Services Private Limited
• 21 V Sadi Entertainment Private Limited
• Reliance Infrastructure Limited
• Kamdhenu Engineering Industries Ltd
• Yingtan Hejia Xiangyi Retirement Industry Development Co. Ltd.
• Shouyang County Xiyang Honglaonian Retirement Service Co. Ltd
• Caritas
• Diakonie
• German Red Cross
• Paritätische
• GreatAupair
• Careplus
• AssiDom
• CARP Omenia
• ProMedicus Home Care Services
• ABOS Care Elderly Home IASI SRL
• I Care
• Brookdale Senior Living Inc
• Living Assistance Services
• Senior Care Centers of America
• Sunrise Senior Living
• Home Bound Healthcare
• AddusHomeCare
• Pioneer Medical Services LLC
• Manzil Health UAE
• Greymate Care
• Bluegate homecare
• Interim HealthCare of Lubbock
• AnsMed Home Care Limited
• Phoenix Home Care Agency
What Is The Most Dominant Region In The Community And Individual Services Market?
Western Europe was the largest region in the community and individual services market in 2024. Asia-Pacific was the second-largest region in the community and individual services market. The regions covered in the community and individual services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
