Global Individual And Family Services Market Size, Drivers, Trends, Opportunities And Strategies – Includes Individual And Family Services Market Strategy
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The rise in abuse and neglect towards children and the elderly are expected to drive innovation in individual and family services manufacturing, thus driving the market during the forecast period.
The global individual and family services market is expected to grow from $874.51 billion in 2022 to $929.68 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The global individual and family services market size is expected to grow to $1151.26 billion in 2027 at a CAGR of 5.5%.
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Global Individual And Family Services Market Segments Include:
- By Type:Child And Youth Services, Services For the Elderly And Persons with Disabilities, Other Individual And Family Services
- By Mode:Online, Offline
- By Application:Food Stamp Program, Disaster Relief Services, Adoption Services, Self-help
- By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global individual and family services market in 2021.
Major Market Players in the individual and family services market include CARE International, Childrens Aid and Family Services Inc., Eastwick Family Services, Executive Healthcare Services (EHS), Feeding America.
Individual and family services providers are utilizing the virtual means for organizing events or fundraising, creating awareness, and rendering services. Restrictions due to pandemics all over the world forced many organizations to turn towards using the online platform for rendering services. For instance, in October 2020, Fostering Hope Foundation, a US-based non-profit organization for foster services conducted a virtual fundraiser. Furthermore, in October 2020, The NYC Administration for Children’s Services (ACS) and The New York Academy of Medicine (NYAM) entered into a new partnership aimed at promoting health equity among older youth in foster care through the use of virtual programming.
The Individual And Family Services Global Market Report 2023 provides a individual and family services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The individual and family services market forecast analyzes individual and family services market size, individual and family services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Individual services refer to welfare services that aid individuals of various age groups. Family services refer to welfare services that are more family-oriented and aid the family. Individual services performed by a caretaker or similar employee who is responsible for assisting individuals with day-to-day living issues that are not direct patient care activities.
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