Registered Nurses Market size is estimated to reach $8.1 billion by 2027, growing at a CAGR of 5.7% during the forecast period 2022-2027. The surging trend of travel nursing in countries like the U.S., owing to the flexibility, soaring pay, enthusiasm, and capability to tour the nation even in fields like acute care, is set to drive the Registered Nurses Market. The boost in the percentage of men in the nursing field is set to propel the growth of the Registered Nurses Market during the forecast period 2022-2027. The Registered Nurses Market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
Competitive Landscape :
The top 5 players in the Registered Nurses Industry are –
1. Memorial Hermann Health System
2. Advocate Aurora Health
3. AMITA Health
4. SSM Health
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Segmental Analysis :
1. The Female Segment held the largest market share in 2021. This growth is owing to the soaring concentration of female nurses, with 88% of registered nurses being female, making them the more typical gender in the occupation.
2. The Male segment is estimated to grow with the fastest CAGR of 6.5% during the forecast period 2022-2027, owing to the more excellent suitability of male nurses for handling critical care roles compared to their female counterparts and the gradual and steady increase in the count of male nurses in the decades gone by.
3. Nursing Homes segment is estimated to grow with the fastest CAGR of 6.7% during the forecast period 2022-2027 owing to the registered nurses holding the highest nursing position in nursing homes, attributed to their supervision of the actions of the rest of the nursing staff, while also providing acute care as needed.
4. Europe (Registered Nurses Market) held the largest share, with 40% of the overall market in 2021. This region’s growth is due to the soaring count of nurses and midwives per capita (1000 people) in countries like Norway, Denmark, Switzerland, and Iceland. The number ranges from about 16.3 to almost 18 nurses and midwives for every 1000 people, and there are opportunities for registered nurses in acute care.
5. Asia-Pacific region is estimated to have the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like the existence of countries like Australia and New Zealand which feature positions 7 and 12 with 12.47 and 10.80 nurses and midwives per capita (per 1000 people) respectively.
By End Use
Hospitals, Ambulatory Care Settings, Nursing Homes
North America, Europe, Asia-Pacific, South America and Rest of World
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Market Drivers and Challenges :
1. Surging Applications Of Acute Care Nurse Practitioners Are Projected To Drive The Growth Of Registered Nurses Market: surging applications of Acute Care Nurse Practitioners are therefore fuelling the growth of the Registered Nurses Market during the forecast period 2022-2027.
2. Soaring Applications Of Registered Nurses In-Home Healthcare Services Are Expected To Boost The Demand Of Registered Nurses: soaring applications of registered nurses’ in-home healthcare services are therefore driving the growth of the Registered Nurses Market during the forecast period 2022-2027.
3. Limitations Of Being A Registered Nurse Are Hampering The Growth Of The Registered Nurses Market: The initials “RN” stand for “Registered Nurse.” As per the Bureau of Labor Statistics, more than 2.5 million people in the U.S. with licensure as registered nurses.
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