Community And Individual Services Market Overview: Market Size, Major Drivers And Trends
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The community and individual services market size has demonstrated robust growth, escalating from $1415.44 billion in 2023 to $1501.73 billion in 2024, achieving a substantial compound annual growth rate (CAGR) of 6.1%. The historic period’s growth can be attributed to an increased aging population, strong economic growth in emerging markets, technological development and mobile apps, and government funding for community care. Looking forward, the market is poised for strong growth, reaching $1885.89 billion in 2028 with a CAGR of 5.9%. Contributing factors include a preference for community stay, rapid growth in the aging population, changes in lifestyles, increased healthcare access, and rising household incomes. Key trends in the forecast period encompass high-tech transformations in adult day care, a data-driven approach to human services, online funding platforms supporting social initiatives, the establishment of autism care centers, the use of telehealth to enhance underserved community services, individualized service plans, adoption of electronic health records (EHR), and the integration of artificial intelligence (AI) in childcare management.
Autism Spectrum Disorder (ASD), a complex developmental disability, affects communication and social interaction abilities, with symptoms typically emerging in early childhood. The Center for Disease Control and Prevention (CDC) reports a prevalence of 1 in 59 children diagnosed with ASD in the US. Early diagnosis and intervention significantly improve outcomes, prompting increased investments by autism research organizations. This focus aims to enhance autism child care through the training of social service employees, counselors, therapists, and psychologists. The anticipated rise in professionals catering to individuals with ASD is expected to generate increased revenues, underlining the potential for growth and improvement in autism-related services over the forecast period.
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What Are The Key Trends That Influence Community And Individual Services Market Share Analysis?
Data-driven approaches such as big data and predictive analytics are increasingly used by community and individual service providers to enhance social assistance services. Predictive analytics uses data, statistical algorithms, and machine learning to forecast future outcomes based on historical data, while big data analytics extracts patterns and insights from large datasets. These methods assist in reporting, detecting, and correcting non-compliance while monitoring target populations. For instance, Hillside Family of Agencies uses predictive analytics to reduce high school dropout rates, and Good Samaritan Society has partnered with IBM to apply big data and analytics for patient clinical and operational data.
Which Market Players Are Driving Growth In The Community And Individual Services Market?
Major companies operating in the community and individual services market report are World Food Program, UNICEF, Sanctuary Housing, Food For Poor, Bill & Melinda Gates Foundation, W.K. Kellogg Foundation Trust, The Salvation Army International Trust, Seacor Holdings Inc, Right at Home Inc, BAYADA Home Health Care, Fine Line Media Private Limited, 10x Shooting Private Limited, 1health Integrated Services Private Limited, 21 V Sadi Entertainment Private Limited, Reliance Infrastructure Limited, Kamdhenu Engineering Industries Ltd, Yingtan Hejia Xiangyi Retirement Industry Development Co. Ltd., Shouyang County Xiyang Honglaonian Retirement Service Co. Ltd, Caritas, Diakonie, German Red Cross, Paritätische, GreatAupair, Careplus, AssiDom, CARP Omenia, ProMedicus Home Care Services, ABOS Care Elderly Home IASI SRL, I Care, Brookdale Senior Living Inc, Living Assistance Services, Senior Care Centers of America, Sunrise Senior Living, Home Bound Healthcare, AddusHomeCare, Pioneer Medical Services LLC, Manzil Health UAE, Greymate Care, Bluegate homecare, Interim HealthCare of Lubbock, AnsMed Home Care Limited, Phoenix Home Care Agency
How Is The Global Community And Individual Services Market Segmented?
The community and individual services market covered in this report is segmented –
1) By Type: Community Food, Housing, and Relief Services, Individual And family Services
2) By Mode: Offline, Online
3) By Application: Food Stamp Program, Disaster Relief Services, Adoption Services, Self-Help
Read The Full Community And Individual Services Market Report Here
The Community And Individual Services Global Market Report 2024 provides an overview of the community and individual servicesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The community and individual services market forecast analyzes community and individual services market size, community and individual services market share, leading competitor and their market positions.
The Table Of Content For The Community And Individual Services Market Include
1. Community And Individual Services Market Executive Summary
2. Community And Individual Services Market Segments
3. Community And Individual Services Market Size And Template Market Growth Rate
4. Key Community And Individual Services Market Trends
5. Major Community And Individual Services Market Drivers
……
25. Key Mergers And Acquisitions In The Community And Individual Services Market
26. Top Community And Individual Services Companies
27. Community And Individual Services Market Opportunities And Strategies
28. Community And Individual Services Market, Conclusions And Recommendations
29. Appendix
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