The private nursing services market has seen considerable growth due to a variety of factors.
• In recent times, the market size of private nursing services has experienced robust growth. Expected to rise from $550.23 billion in 2024 to $595.28 billion in 2025, it shows a compound annual growth rate (CAGR) of 8.2%.
This growth during the historical period can be accredited to factors such as the rise in chronic illnesses, more working adults, an increased necessity for post-surgery care, a growth in chronic care facilities, and a higher prevalence of obesity.
The private nursing services market is expected to maintain its strong growth trajectory in upcoming years.
• The market for private nursing services is anticipated to grow robustly in the upcoming years, potentially reaching a size of $807.07 billion by 2029, at a compound annual growth rate of 7.9%.
Several factors driving this growth include the rising number of surgeries worldwide, an aging population, escalating healthcare costs, greater awareness of private nursing services, and a burgeoning demand for individualized care. Key trends in this forecasted period encompass technological innovations, integration of telehealth, technologies for home-based care, value-oriented care frameworks, and the application of machine learning.
The private nursing services market is anticipated to flourish due to the growing occurrence of chronic illnesses. Contributing factors to the rise in chronic diseases include aging populations, lifestyle choices, and environmental impacts globally. Private nursing services contribute to the efficient management of chronic conditions and enhancement of overall health results by providing consistent care and fostering a strong patient-nurse relationship. As an illustration, a study by the American College of Cardiology in the United States in August 2022 anticipates that all four primary cardiovascular risk factors will witness a surge from 2025 to 2060. The greatest percentage growth is predicted in diabetes cases, with a presumed 39.3% increase to 55 million individuals, trailed by dyslipidemia (27.6% rise to 126 million), hypertension (25.1% growth to 162 million), and obesity (18.3% upsurge to 126 million). Accordingly, the mounting occurrence of chronic diseases is fuelling the expansion of the private nursing services market.
The private nursing services market covered in this report is segmented –
1) By Service Type: Medical Care, Non-Medical Care
2) By Gender: Female, Male
3) By Medical Condition: Pediatric Care, Chronic Disease Management, Post Operative Services, Elderly Care, Other Medical Conditions
4) By Payment Model: Insurance Covered Services, Subscription Based Services, Fee For Service, Other Payment Models
Subsegments:
1) By Medical Care: Skilled Nursing Care, Post-Surgical Care, Wound Care Management, Medication Administration, Chronic Disease Management
2) By Non-Medical Care: Personal Care Assistance, Companionship Services, Housekeeping And Meal Preparation, Transportation Services, Respite Care
Larger corporations in the private nursing service market are dedicating their efforts to the creation of novel services. They are particularly interested in those that have the capability to deliver healthcare for children both at home and in schools, for a competitive advantage. This includes regular health check-ups, emergency assistance, and collaboration with healthcare providers for handling chronic conditions and promoting overall health. For example, Always Compassionate Home Care (ACHC), a US-based home healthcare service provider, unveiled its new pediatric nursing branch in March 2022. Its objective is to deliver specialized healthcare to children with complex medical needs, ranging from newborns to 23-year-olds. This program is intended to exceed the basic healthcare provision, assuring children receive top-notch services that are customized to their specific needs.
Major companies operating in the private nursing services market are:
• Trinity Health
• Memorial Sloan Kettering Cancer Center
• Kaiser Permanente
• Genesis Healthcare Inc.
• The Ensign Group Inc.
• Brookdale Senior Living Inc.
• LHC Group Inc.
• Bayshore HealthCare
• Maxim Healthcare Services
• Aveanna Healthcare
• Care UK
• CBI Health Group Inc.
• Extendicare Inc.
• Helping Hands Home Care
• Columbia Asia
• Able Community Care
• ParaMed
• Homage LLC
• St. Augustine Health Ministries
• NurseRegistry
• Alliance Homecare
• Grand World Elder Care
North America was the largest region in the private nursing services market in 2024. The regions covered in the private nursing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.