Global Private Nursing Services Market By Service (Retirement Communities, Group Care Homes, Nursing Care Facilities, Home Health Care Providers), By End-Users (Male Nursing Care, Female Nursing Care), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

Private nursing services are those that are supplied to clients according to their needs and convenience. Private nursing services are provided by companies that offer quick access to therapies, the ability to choose when the treatment should begin, and the option to select or replace care professionals.

To receive the services, a client must pay a fee to the company or hospital from which the professional has been selected from. These services are mostly provided to clients who have chronic health concerns, with a focus on geriatrics, children, and persons suffering from major damage to the body’s outer and inner organs.

Detailed Segmentation –

The global private nursing services market is segmented on the basis of – Service Types, End-Users, and Region. Represented below is a detailed segmental description:

Based on Service Types:

• Retirement Communities
• Group Care Homes
• Nursing Care Facilities
• Home Health Care Providers

Based on End-Users:

• Male Nursing Care
• Female Nursing Care

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics –

Drivers for the Global Private Nursing Services Market:

This market is expected to be propelled by increasing chronic disease rates as well as the number of nuclear households. Individuals nowadays prefer to live in nuclear families, which is the primary reason for the increase in the requirement for private nursing services. Taking care of a geriatric person in a family becomes difficult due to the lesser number of family members in the nuclear family. A patient with chronic conditions needs extra care, and it can be difficult for family members to maintain a constant eye on them. As a result, this market is expected to be upsurged by an increase in the occurrence of severe diseases.

Opportunity for the Global Private Nursing Services Market:

Government support and advantageous reimbursement policies is expected to open-up new opportunities in this industry. Furthermore, extremely helpful service flexibility, as well as the increasing frequency and occurrence of chronic diseases among individuals across the world, are also projected to fuel this market’s expansion over the projected timeline.

Restraints for the Global Private Nursing Services Market:

One of the most significant bottlenecks in this market is a scarcity of competent professionals. Across the globe, there is a shortage of qualified specialists. According to the World Health Organization (WHO), there was a shortage of 4 million workers in the global healthcare workforce, which is primarily made-up of nurses and community healthcare workers. This is mostly due to a lack of education, sufficient skill sets, and experienced professionals, which has had a significantly negative impact on the further expansion of this market.

Competitive Landscape-

Key players in this market are –

• The Ensign Group Inc.
• Genesis Healthcare
• Kaiser Permanente
• Trinity Health
• Apollo Hospitals Enterprise Ltd.
• Kindred Healthcare
• Brookdale Senior Living
• CBI Health Group Inc.
• Columbia Asia
• Grand World Elder Care
• others

These key industry players are now focusing on mergers, partnerships, acquisitions, product developments, and collaboration strategies, in order to sustain their respective competitive edge.

Key Developments:

Year 2021:

• In June 2021, Accentcare, a California-based provider of post-acute home healthcare services acquired Southeastern Health Care at Home, Pennsylvania’s largest privately-owned home health services provider, in order to pool expertise and evidence-based learnings to improve the home-based care spectrum for providers and families.

For the Private Nursing Services Market research study, the following years have been considered to estimate the market size: