Product Code: GVR-4-68040-324-3
Private Nursing Services Market Growth & Trends:
The global private nursing services market size is anticipated to reach USD 7.37 billion by 2030, expanding at a CAGR of 5.85% from 2024 to 2030, according to a new report by Grand View Research, Inc. Private nurses provide medical care such as administering medications, managing wounds, and monitoring vital signs to the patients suffering from chronic diseases. They also offer emotional support and help with daily tasks like bathing and dressing. Thus, the increasing prevalence of chronic diseases is anticipated to drive the need for private nursing services over the forecast period.
According to the statistics from the American Cancer Society published in 2023, 1,918,030 new cancer cases were diagnosed in 2022. It is estimated that approximately 1,958,310 new cancer cases were diagnosed in the U.S. in 2023, which is equivalent to 5,370 new cases per day. Due to cancer treatments being long-term and expensive at hospital facilities, the increasing cancer burden in the U.S. is anticipated to require more nursing care, which is expected to drive the market's growth.
Furthermore, the COVID-19 pandemic had a significant impact on private duty nursing (PDN) services, particularly for children with medical complexities (CMC). In a study conducted by the Center for Research in Education and Social Policy in September 2021, it was found that 32% of shifts were not covered in the six months prior to the pandemic, compared to the period of January-June 2021. This was reported by family caregivers of CMC. This shortage of PDNs led to difficulties in securing PDNs for CMC care, with 44% of family caregivers reporting difficulty in securing PDNs. In addition, the same study reported that 71% of PDNs altered their work schedules during the pandemic, citing reasons such as increased workload, fear of infection, and family obligations. However, with a decrease in COVID-19 cases, the market has since recovered and is likely to increase rapidly in the post-pandemic period.
Private Nursing Services Market Report Highlights:
- Based on medical condition, the chronic disease management segment held the largest market share in 2023. However, post-operative services are the fastest-growing segment during the forecast period
- Based on type, the medical care segment accounted for the largest market share in 2023. The growing incidence of chronic diseases such as COPD and asthma, as well as the cost benefits of home care devices and services compared to hospital visits, are the primary factors driving the growth of the medical care segment in the private nursing services market
- North America dominated the market in 2023 due to factors such as the aging population, increasing demand for personalized care, and the rise in development of healthcare infrastructure
- In the U.S., a rise in disposable income is expected to drive market growth. For instance, according to Trading Economic Data published in 2023, disposable personal income increased to USD 19,742.3 billion in April 2023 from USD 18,384.3 billion in April 2022. This growth in disposable income may lead to increased spending on healthcare, which is likely to contribute to market growth
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Market Definitions
- 1.2. Regional Scope
- 1.3. Estimates and Forecast Timeline
- 1.4. Research Methodology
- 1.5. Information Procurement
- 1.5.1. Purchased Database
- 1.5.2. GVR's Internal Database
- 1.5.3. Secondary Sources & Third-Party Perspectives
- 1.5.4. Primary Research
- 1.6. Information Analysis
- 1.6.1. Data Analysis Models
- 1.7. Market Formulation & Data Visualization
- 1.8. Model Details
- 1.8.1. Volume Price Analysis
- 1.9. List of Secondary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.2.1. Medical Condition Outlook
- 2.2.2. Type Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Related/Ancillary Market Outlook
- 3.2. Market Trends and Outlook
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Opportunities
- 3.3.4. Industry Challenges
- 3.4. Business Environment Analysis
- 3.4.1. Industry Analysis - Porter's Five Forces Analysis
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.5. COVID-19 Impact Analysis
Chapter 4. Private Nursing Services Market: Medical Condition Estimates & Trend Analysis
- 4.1. Private Nursing Services Market: Medical Condition Movement Analysis
- 4.2. Private Nursing Services Medical Condition Market: Segment Dashboard
- 4.3. Medical Condition Movement & Market Share Analysis, 2023 & 2030
- 4.4. Global Private Nursing Services Market Estimates & Forecast, by Medical Condition
- 4.5. Chronic Disease Management
- 4.5.1. Chronic disease management market, 2018 - 2030 (USD Million)
- 4.6. Post Operative Services
- 4.6.1. Post operative services market, 2018 - 2030 (USD Million)
- 4.7. Elderly Care
- 4.7.1. Elderly care market, 2018 - 2030 (USD Million)
- 4.8. Pediatric Care
- 4.8.1. Pediatric care market, 2018 - 2030 (USD Million)
- 4.9. Others
- 4.9.1. Others market, 2018 - 2030 (USD Million)
Chapter 5. Private Nursing Services Market: Type Estimates & Trend Analysis
- 5.1. Private Nursing Services Market: Type Movement Analysis
- 5.2. Type Market: Segment Dashboard
- 5.3. Type Movement & Market Share Analysis, 2023 & 2030
- 5.4. Global Private Nursing Services Market Estimates & Forecast, by Type
- 5.5. Medical Care
- 5.5.1. Medical Care market, 2018 - 2030 (USD Million)
- 5.6. Non-Medical care
- 5.6.1. Non-Medical care market, 2018 - 2030 (USD Million)
Chapter 6. Private Nursing Services Market: Regional Estimates & Trend Analysis
- 6.1. Regional Market Share Analysis, 2023 & 2030
- 6.2. Regional Market Dashboard
- 6.3. Global Regional Market Snapshot
- 6.4. Market Size, & Forecasts Trend Analysis, 2018 to 2030:
- 6.5. North America
- 6.5.1. North America Private Nursing Services Market, 2018 - 2030 (USD Billion)
- 6.5.2. U.S.
- 6.5.2.1. Key country dynamics
- 6.5.2.2. Regulatory framework
- 6.5.2.3. Reimbursement scenario
- 6.5.2.4. Competitive scenario
- 6.5.2.5. U.S. private nursing services market, 2018 - 2030 (USD Million)
- 6.5.3. Canada
- 6.5.3.1. Key country dynamics
- 6.5.3.2. Regulatory framework
- 6.5.3.3. Reimbursement scenario
- 6.5.3.4. Competitive scenario
- 6.5.3.5. Canada private nursing services market, 2018 - 2030 (USD Million)
- 6.5.4. Mexico
- 6.5.4.1. Key country dynamics
- 6.5.4.2. Regulatory framework
- 6.5.4.3. Reimbursement scenario
- 6.5.4.4. Competitive scenario
- 6.5.4.5. U.S. private nursing services market, 2018 - 2030 (USD Million)
- 6.6. Europe
- 6.6.1. Europe Private Nursing Services Market, 2018 - 2030 (USD Million)
- 6.6.2. UK
- 6.6.2.1. Key country dynamics
- 6.6.2.2. Regulatory framework
- 6.6.2.3. Reimbursement scenario
- 6.6.2.4. Competitive scenario
- 6.6.2.5. UK private nursing services market, 2018 - 2030 (USD Million)
- 6.6.3. Germany
- 6.6.3.1. Key country dynamics
- 6.6.3.2. Regulatory framework
- 6.6.3.3. Reimbursement scenario
- 6.6.3.4. Competitive scenario
- 6.6.3.5. Germany private nursing services market, 2018 - 2030 (USD Million)
- 6.6.4. France
- 6.6.4.1. Key country dynamics
- 6.6.4.2. Regulatory framework
- 6.6.4.3. Reimbursement scenario
- 6.6.4.4. Competitive scenario
- 6.6.4.5. France private nursing services market, 2018 - 2030 (USD Million)
- 6.6.5. Italy
- 6.6.5.1. Key country dynamics
- 6.6.5.2. Regulatory framework
- 6.6.5.3. Reimbursement scenario
- 6.6.5.4. Competitive scenario
- 6.6.5.5. Italy private nursing services market, 2018 - 2030 (USD Million)
- 6.6.6. Spain
- 6.6.6.1. Key country dynamics
- 6.6.6.2. Regulatory framework
- 6.6.6.3. Reimbursement scenario
- 6.6.6.4. Competitive scenario
- 6.6.6.5. Spain private nursing services market, 2018 - 2030 (USD Million)
- 6.6.7. Sweden
- 6.6.7.1. Key country dynamics
- 6.6.7.2. Regulatory framework
- 6.6.7.3. Reimbursement scenario
- 6.6.7.4. Competitive scenario
- 6.6.7.5. Sweden private nursing services market, 2018 - 2030 (USD Million)
- 6.6.8. Norway
- 6.6.8.1. Key country dynamics
- 6.6.8.2. Regulatory framework
- 6.6.8.3. Reimbursement scenario
- 6.6.8.4. Competitive scenario
- 6.6.8.5. Norway private nursing services market, 2018 - 2030 (USD Million)
- 6.6.9. Denmark
- 6.6.9.1. Key country dynamics
- 6.6.9.2. Regulatory framework
- 6.6.9.3. Reimbursement scenario
- 6.6.9.4. Competitive scenario
- 6.6.9.5. Denmark private nursing services market, 2018 - 2030 (USD Million)
- 6.7. Asia Pacific
- 6.7.1. Asia Pacific Private Nursing Services Market, 2018 - 2030 (USD Billion)
- 6.7.2. Japan
- 6.7.2.1. Key country dynamics
- 6.7.2.2. Regulatory framework
- 6.7.2.3. Reimbursement scenario
- 6.7.2.4. Competitive scenario
- 6.7.2.5. Japan private nursing services market, 2018 - 2030 (USD Million)
- 6.7.3. China
- 6.7.3.1. Key country dynamics
- 6.7.3.2. Regulatory framework
- 6.7.3.3. Reimbursement scenario
- 6.7.3.4. Competitive scenario
- 6.7.3.5. China private nursing services market, 2018 - 2030 (USD Million)
- 6.7.4. India
- 6.7.4.1. Key country dynamics
- 6.7.4.2. Regulatory framework
- 6.7.4.3. Reimbursement scenario
- 6.7.4.4. Competitive scenario
- 6.7.4.5. India private nursing services market, 2018 - 2030 (USD Million)
- 6.7.5. Australia
- 6.7.5.1. Key country dynamics
- 6.7.5.2. Regulatory framework
- 6.7.5.3. Reimbursement scenario
- 6.7.5.4. Competitive scenario
- 6.7.5.5. Australia private nursing services market, 2018 - 2030 (USD Million)
- 6.7.6. Thailand
- 6.7.6.1. Key country dynamics
- 6.7.6.2. Regulatory framework
- 6.7.6.3. Reimbursement scenario
- 6.7.6.4. Competitive scenario
- 6.7.6.5. Thailand private nursing services market, 2018 - 2030 (USD Million)
- 6.7.7. South Korea
- 6.7.7.1. Key country dynamics
- 6.7.7.2. Regulatory framework
- 6.7.7.3. Reimbursement scenario
- 6.7.7.4. Competitive scenario
- 6.7.7.5. South Korea private nursing services market, 2018 - 2030 (USD Million)
- 6.7.8. Singapore
- 6.7.8.1. Key country dynamics
- 6.7.8.2. Regulatory framework
- 6.7.8.3. Reimbursement scenario
- 6.7.8.4. Competitive scenario
- 6.7.8.5. Singapore private nursing services market, 2018 - 2030 (USD Million)
- 6.8. Latin America
- 6.8.1. Latin America Private Nursing Services Market, 2018 - 2030 (USD Billion)
- 6.8.2. Brazil
- 6.8.2.1. Key country dynamics
- 6.8.2.2. Regulatory framework
- 6.8.2.3. Reimbursement scenario
- 6.8.2.4. Competitive scenario
- 6.8.2.5. Brazil private nursing services market, 2018 - 2030 (USD Million)
- 6.8.3. Argentina
- 6.8.3.1. Key country dynamics
- 6.8.3.2. Regulatory framework
- 6.8.3.3. Reimbursement scenario
- 6.8.3.4. Competitive scenario
- 6.8.3.5. Argentina private nursing services market, 2018 - 2030 (USD Million)
- 6.9. MEA
- 6.9.1. MEA Private Nursing Services Market, 2018 - 2030 (USD Billion)
- 6.9.2. South Africa
- 6.9.2.1. Key country dynamics
- 6.9.2.2. Regulatory framework
- 6.9.2.3. Reimbursement scenario
- 6.9.2.4. Competitive scenario
- 6.9.2.5. South Africa private nursing services market, 2018 - 2030 (USD Million)
- 6.9.3. Saudi Arabia
- 6.9.3.1. Key country dynamics
- 6.9.3.2. Regulatory framework
- 6.9.3.3. Reimbursement scenario
- 6.9.3.4. Competitive scenario
- 6.9.3.5. Saudi Arabia private nursing services market, 2018 - 2030 (USD Million)
- 6.9.4. UAE
- 6.9.4.1. Key country dynamics
- 6.9.4.2. Regulatory framework
- 6.9.4.3. Reimbursement scenario
- 6.9.4.4. Competitive scenario
- 6.9.4.5. UAE private nursing services market, 2018 - 2030 (USD Million)
- 6.9.5. Kuwait
- 6.9.5.1. Key country dynamics
- 6.9.5.2. Regulatory framework
- 6.9.5.3. Reimbursement scenario
- 6.9.5.4. Competitive scenario
- 6.9.5.5. Kuwait private nursing services market, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Strategy Mapping
- 7.2.1. Expansion
- 7.2.2. Merger & Acquisition
- 7.2.3. New Service Launch
- 7.2.4. Partnership/Collaborations
- 7.2.5. Others
- 7.3. Company Profiles/Listing
- 7.3.1. BAYADA Home Health Care
- 7.3.1.1. Overview
- 7.3.1.2. Financial Performance
- 7.3.1.3. Service Benchmarking
- 7.3.1.4. Strategic Initiatives
- 7.3.2. Maxim Healthcare Services
- 7.3.2.1. Overview
- 7.3.2.2. Financial Performance
- 7.3.2.3. Service Benchmarking
- 7.3.2.4. Strategic Initiatives
- 7.3.3. NurseRegistry
- 7.3.3.1. Overview
- 7.3.3.2. Financial Performance
- 7.3.3.3. Service Benchmarking
- 7.3.3.4. Strategic Initiatives
- 7.3.4. Aveanna Healthcare LLC
- 7.3.4.1. Overview
- 7.3.4.2. Financial Performance
- 7.3.4.3. Service Benchmarking
- 7.3.4.4. Strategic Initiatives
- 7.3.5. Homage Sdn. Bhd.
- 7.3.5.1. Overview
- 7.3.5.2. Financial Performance
- 7.3.5.3. Service Benchmarking
- 7.3.5.4. Strategic Initiatives
- 7.3.6. Curantis Private Nursing services LLC
- 7.3.6.1. Overview
- 7.3.6.2. Financial Performance
- 7.3.6.3. Service Benchmarking
- 7.3.6.4. Strategic Initiatives
- 7.3.7. CK Franchising, Inc.
- 7.3.7.1. Overview
- 7.3.7.2. Financial Performance
- 7.3.7.3. Service Benchmarking
- 7.3.7.4. Strategic Initiatives
- 7.3.8. Private Nursing Care
- 7.3.8.1. Overview
- 7.3.8.2. Financial Performance
- 7.3.8.3. Service Benchmarking
- 7.3.8.4. Strategic Initiatives
- 7.3.8.5. Strategic Initiatives
- 7.3.9. Providence
- 7.3.9.1. Overview
- 7.3.9.2. Financial Performance
- 7.3.9.3. Service Benchmarking
- 7.3.9.4. Strategic Initiatives
- 7.3.10. Private Nurse ApS
- 7.3.10.1. Overview
- 7.3.10.2. Financial Performance
- 7.3.10.3. Service Benchmarking
- 7.3.10.4. Strategic Initiatives
- 7.3.11. Active Global Specialised Caregivers Pte Ltd
- 7.3.11.1. Overview
- 7.3.11.2. Financial Performance
- 7.3.11.3. Service Benchmarking
- 7.3.12. Red Crowns
- 7.3.12.1. Overview
- 7.3.12.2. Financial Performance
- 7.3.12.3. Service Benchmarking
- 7.3.13. ATLANTIC CARE SERVICES
- 7.3.13.1. Overview
- 7.3.13.2. Financial Performance
- 7.3.13.3. Service Benchmarking
- 7.3.14. Sublime Nursing.
- 7.3.14.1. Overview
- 7.3.14.2. Financial Performance
- 7.3.14.3. Service Benchmarking
- 7.3.15. Private Duty Nursing in an Acute Hospital
- 7.3.15.1. Overview
- 7.3.15.2. Financial Performance
- 7.3.15.3. Service Benchmarking
- 7.3.15.4. Strategic Initiatives