What Has Been the Progress and Growth of the VoluntaryHealth Organizations Market in Recent Years?
The voluntaryhealth organizations market has seen considerable growth due to a variety of factors.
• The market size of voluntary health organizations has demonstrated robust growth in previous years. The market size, which stands at $46.12 billion in 2024, is projected to escalate to $49.09 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%.
The historic growth can be linked to factors such as public health awareness, fundraising activities, disease-specific focuses, and research and advocacy efforts.
What Is The Expected Growth In The VoluntaryHealth Organizations Market Size Evolve over the Forecast Period?
The voluntaryhealth organizations market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of voluntary health organizations is predicted to witness considerable expansion in the upcoming years, reaching $61.27 billion by 2029 with a compound annual growth rate (CAGR) of 5.7%.
Factors such as readiness and response to pandemics, digital engagement, older demographics, telemedicine and digital health are all contributing to this expected growth. The forecast period is likely to be defined by trends like digital involvement, remote healthcare and support, an emphasis on mental health, as well as working in collaboration and forming partnerships.
What Main Forces Are Fueling Expansion In The VoluntaryHealth Organizations Market?
The demand for the voluntary health organizations market is forecasted to surge due to the rise in voluntary donations. Voluntary health organizations derive their main income from public contributions, which are allocated for general or specified functions linked with health, welfare, or community service. For example, UNICEF witnessed a significant rise in total income, increasing from $8,122 million in 2021 to $9,326 million in 2022. Consequently, it is anticipated that the escalating number of public donations will propel the growth of the voluntary health organizations market.
What Are The Primary Segments In The Global VoluntaryHealth Organizations Market?
The voluntary health organizations market covered in this report is segmented –
1) By Mode Of Donation: Online Donation, Offline Donation
2) By Organization Type: Multilateral Organizations, Bilateral Single Government Agency, Non-governmental
3) By Organization Location: Domestic, International
Subsegments:
1) By Online Donation: Website Donations, Mobile App Donations, Crowdfunding Campaigns, Social Media Fundraising, Subscription-Based Donations
2) By Offline Donation: In-Person Donations (At Events, Charity Drives), Mail-in Donations (Checks, Cash), Corporate Sponsorships And Partnerships, Fundraising Through Tele marketing, Donations Through Retail Partners (Point-Of-Sale Donations)
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What Trends Are Shaping The VoluntaryHealth Organizations Market?
Leading companies within the voluntary health organizations market are merging their efforts to develop digital platforms for promoting healthcare volunteering, aiming to achieve advanced competitiveness within the market. These online platforms function as bridges connecting volunteers with healthcare organizations and patients who require assistance. Volunteers can carry out assigned tasks from virtually any location, so long as they have internet access. For example, in January 2023, Sigma Xi, a non-profit honor society based in the US, unveiled the Interactive Volunteer Platform. This innovative online platform is designed to foster volunteerism within the healthcare field. It enables members and volunteers to engage with one another, partake in societal activities, obtain mentorship opportunities and participate in chapter events. This pioneering portal has been introduced through a collaborative effort with Galaxy Digital, a US software company specializing in providing support for non-profits in tracing and managing volunteer opportunities and community influences. Furthermore, it enables Sigma Xi members to seek out health and wellness volunteer positions, such as contributing at healthcare institutions like hospitals and clinics.
Who Are the Key Players In The VoluntaryHealth Organizations Market?
Major companies operating in the voluntary health organizations market include:
• Mercy Ships
• American Heart Association
• Angelwood Inc.
• Valley Aids Council
• March of Dimes
• Amyotrophic Lateral Sclerosis Association
• American Lung Association
• Muscular Dystrophy Association
• Center Industries Corporation
• AccessCNY
• American College of Cardiology
• American Diabetes Association
• Arizona Partnership For Immunization
• Arc of NEPA
• Acadiana Concern For Aids Relief
• Mains'l California
• Maui Family YMCA
• Parkview Huntington Family Young Men's Christian Association
• American Cancer Society
• Alzheimer's Association
• American Red Cross
• American Kidney Fund
• American Liver Foundation
• American Parkinson Disease Association
• Arthritis Foundation
• Autism Speaks Inc.
• Cystic Fibrosis Foundation
• Epilepsy Foundation
• Leukemia and Lymphoma Society
• Lupus Foundation of America
• National Multiple Sclerosis Society
• National Psoriasis Foundation
• National Stroke Association
• Susan G. Komen for the Cure
• Michael J. Fox Foundation for Parkinson's Research
What Is The Most Dominant Region In The VoluntaryHealth Organizations Market?
Asia-Pacific was the largest region in the voluntary health organizations market in 2023. North America was the second largest region in the voluntary health organizations market analysis. The regions covered in the voluntary health organizations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
