Global Registered Nurses Market Overview
As per MRFR analysis, the Registered Nurses Market Size was estimated at 307.05 (USD Billion) in 2022. The Registered Nurses Market Industry is expected to grow from 318.04(USD Billion) in 2023 to 436.6 (USD Billion) by 2032. The Registered Nurses Market CAGR (growth rate) is expected to be around 3.58% during the forecast period (2024 - 2032).
Key Registered Nurses Market Trends Highlighted
Key market drivers include the growing demand for healthcare services due to aging populations and the increasing prevalence of chronic diseases. Opportunities exist in expanding telemedicine and remote patient monitoring services, as well as in the development of specialized nurse practitioner roles and advanced practice nurses.
Recent trends include the increasing use of technology in healthcare, the shortage of nurses in many countries, and the growing emphasis on patient-centered care. The market is expected to face challenges in meeting the demand for nurses, as well as in adapting to the changing healthcare landscape.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Registered Nurses Market Drivers
Increasing Demand for Healthcare Services
The global population is aging, and as people age, they are more likely to experience chronic health conditions that require ongoing care. This is leading to an increased demand for healthcare services, including nursing care. In addition, the rising prevalence of chronic diseases such as cancer, heart disease, and diabetes is also contributing to the demand for registered nurses. The Registered Nurses Market Industry is expected to grow significantly over the next few years due to the increasing demand for healthcare services.
Shortage of Registered Nurses
There is a prominent shortage of registered nurses and it is expected to continue in the forthcoming years. This situation is determined by a variety of factors, including the aging population, the growing demand for healthcare services, and the relatively small number of people willing to engage in this profession. The lack of registered nurses presupposes that healthcare organizations around the globe will experience the strain, leading to longer waiting periods for clients, higher costs and lower quality of care.Hence, the Registered Nurses Market Industry is anticipated to face the challenges in the next years.
Technological Advancements
Technological advancements are having a major impact on the nursing profession. New technologies are being developed that can help nurses to provide better care to patients. These technologies include electronic health records, telemedicine and remote monitoring devices. Technological advancements are also leading to new roles for nurses, such as nurse informaticists and nurse practitioners. The Registered Nurses Market Industry is expected to be transformed by technological advancements in the coming years.
Registered Nurses Market Segment Insights
Registered Nurses Market Employment Setting Insights
The Registered Nurses Market is divided into numerous segments, and Employment Setting is one of the most prominent ones. This segment provides information on the distribution of registered nurses among different healthcare settings, and it is, therefore, essential in order to plan the workforce and allocate resources efficiently. Hospitals: Hospitals employ the largest number of registered nurses, and they make the greatest share of the revenue in the Registered Nurses Market. The increasing demand for nurses is caused by the necessity to find skilled professionals for critical care, administration of medications, regular monitoring of the patient’s conditions and assistance with medical procedures.In addition, the demand is heightened by the aging population of the developed countries and the growth in the prevalence of chronic diseases. Ambulatory Care Centers: Referring to HHS 2013, ambulatory care settings have a higher demand for registered nurses. These settings include clinics, outpatient surgery centers, and rehabilitation facilities.
They grow rapidly as an increasing number of procedures are performed on an out-patient basis and as patients grow more concerned about the cost of care and its role in the technology and health insurance sectors. Registered nurses in these settings assist with patients’ care, apply treatments and educate patients about their conditions. Nursing Homes: Registered nurses are required in order to assess and monitor the patient’s health conditions, administer medications, and look after wounds. The demand for registered nurses in nursing homes is caused by the growing elderly population and the necessity to care for a larger number of the disabled.
Home Health Care: This sector is affected by the increasing rates of chronic diseases, the preference of patients to receive healthcare in the comfort of their homes, and the inclusion of home health care in the list of cost-effective alternatives.As a result, the demand for registered nurses has increased, and they have to continue managing patients’ wounds, administer medications, and provide patients with information about their diagnoses. Other Health Care Settings: Other healthcare settings in which registered nurses are employed include schools, correctional facilities, and military hospitals. They provide health screenings, immunizations, and emergency care. The demand for registered nurses is expected to be relatively stable. Overall, the segment is important and helps to understand the demand for registered nurses in different settings.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Registered Nurses Market Specialization Insights
One of the promising sectors in the Registered Nurses Market is the specialization segment that offers heterogeneous opportunities in different healthcare settings. Thus, there are several types of Specialized Registered Nurses that include: Critical Care nurses who manage patients who are critically ill. Emergency Room nurses generally provide care in a fast-paced environment. Operating Room nurses assist surgeons during operations and ensure the safety of the patient. Neonatal Intensive Care Unit nurses who provide specialized care for premature and critically ill newborns.Pediatric nurses and many others offer age-appropriate healthcare for children and adolescents.
Mental health nursing is involved in preventing mental illnesses. Oncology nursing offers its services to cancer patients. Community health nursing The market growth is primarily facilitated by increasing demand for specialized professionals due to consistently increasing incidences of chronic diseases, advancements in medical technologies, and governmental programs supporting the development of basic and post-basic healthcare infrastructure.
Registered Nurses Market Degree Level Insights
The Registered Nurses Market segmentation by Degree Level includes Associate Degree in Nursing (ADN), Bachelor of Science in Nursing (BSN), Master of Science in Nursing (MSN), and Doctor of Nursing Practice (DNP). The ADN segment held the largest market share in 2023, accounting for over 40% of the Registered Nurses Market revenue. However, the BSN segment is expected to grow at the highest CAGR during the forecast period, driven by the increasing demand for nurses with higher levels of education. The MSN and DNP segments are also expected to grow at a significant rate as more nurses pursue advanced degrees to specialize in specific areas of practice.The growth of the Registered Nurses Market is being driven by several factors, including the increasing demand for healthcare services, the aging population, and the rising prevalence of chronic diseases.
Registered Nurses Market Work Experience Insights
The Registered Nurses Market is segmented by work experience, with segments including less than 5 years, 5-10 years, 10-15 years, 15-20 years, and over 20 years. The segment with the largest market share is nurses with 10-15 years of experience, accounting for 28.5% of the global market in 2023. This segment is expected to continue to grow at a CAGR of 3.8% through 2032. The second-largest segment is nurses with 5-10 years of experience, which accounted for 26.3% of the market in 2023 and is projected to grow at a CAGR of 3.6% over the next decade.Nurses with less than 5 years of experience represent the third-largest segment, with a market share of 22.1% in 2023.
This segment is expected to grow at a CAGR of 3.4% through 2032. The remaining two segments, nurses with 15-20 years of experience and nurses with over 20 years of experience, hold market shares of 14.6% and 8.5%, respectively. These segments are projected to grow at CAGRs of 3.2% and 3.1%, respectively, over the next decade. The growth of the registered nurses market is being driven by a number of factors, including the increasing demand for healthcare services, the aging population, and the shortage of nurses.The market is also expected to benefit from the growing adoption of technology in the healthcare industry.
Registered Nurses Market Regional Insights
The regional market for registered nurses exhibited significant growth in recent years, with North America and Europe holding dominant positions. In 2023, North America accounted for 32.4% of the global market, driven by the high demand for healthcare services and favorable reimbursement policies. Europe followed closely with a market share of 29.6%, supported by strong healthcare systems and aging populations. The Asia-Pacific (APAC) region is anticipated to witness substantial growth, with countries like China and India contributing to the increasing demand for registered nurses due to expanding healthcare infrastructure and rising healthcare awareness.South America and the Middle East and Africa (MEA) regions are also expected to experience steady growth in the registered nurses market, driven by government initiatives to improve healthcare access and increase healthcare spending.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Registered Nurses Market Key Players And Competitive Insights
Major players in Registered Nurses Market are constantly striving to develop innovative solutions to meet the evolving needs of the healthcare industry. Leading Registered Nurses Market players are focusing on developing technologies that enhance patient care, improve efficiency, and reduce costs. The Registered Nurses Market industry is highly competitive, with several key players vying for market share. These companies are investing heavily in research and development to stay ahead of the competition and offer cutting-edge solutions. The Registered Nurses Market competitive landscape is expected to remain dynamic in the coming years, with new entrants and mergers and acquisitions shaping the market dynamics. Partnerships and collaborations are also becoming increasingly common as companies seek to combine their strengths and expand their reach.A leading company in the Registered Nurses Market is AMN Healthcare, a provider of healthcare staffing services. The company offers a wide range of services, including nurse staffing, allied health staffing, and physician staffing. AMN Healthcare has a strong presence in the United States and has been expanding its operations internationally.
The company has a reputation for providing high-quality staffing services and has a wide network of healthcare providers. AMN Healthcare is also investing in technology to improve its efficiency and provide better services to its clients.A competitor company in the Registered Nurses Market is Aya Healthcare, a provider of travel nurse staffing services. The company offers a variety of travel nursing assignments, including short-term, long-term, and per diem assignments. Aya Healthcare has a strong presence in the United States and has been expanding its operations internationally. The company has a reputation for providing high-quality staffing services and has a wide network of healthcare providers. Aya Healthcare is also investing in technology to improve its efficiency and provide better services to its clients.
Key Companies in the Registered Nurses Market Include
Registered Nurses Market Industry Developments
The Registered Nurses Market is poised to reach USD 436.6 billion by 2032, exhibiting a CAGR of 3.58% during the forecast period (2024-2032). The increasing demand for healthcare services, coupled with the aging population and rising prevalence of chronic diseases, is driving the growth of the market. Additionally, government initiatives to improve healthcare infrastructure and increase access to healthcare services are further contributing to the market's growth. Furthermore, technological advancements, such as the adoption of telehealth and remote patient monitoring, are creating new opportunities for registered nurses to deliver care and expand their reach.
Registered Nurses Market Segmentation Insights
Registered Nurses Market Employment Setting Outlook
- Hospitals
- Ambulatory Care Centers
- Nursing Homes
- Home Health Care
- Other Healthcare Settings
Registered Nurses Market Specialization Outlook
- Critical Care
- Emergency Room
- Operating Room
- Neonatal Intensive Care Unit
- Pediatric Nursing
- Other Specializations
Registered Nurses Market Degree Level Outlook
- Associate Degree in Nursing (ADN)
- Bachelor of Science in Nursing (BSN)
- Master of Science in Nursing (MSN)
- Doctor of Nursing Practice (DNP)
Registered Nurses Market Work Experience Outlook
- Less than 5 years
- 5-10 years
- 10-15 years
- 15-20 years
- Over 20 years
Registered Nurses Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
307.05(USD Billion) |
| Market Size 2023 |
318.04(USD Billion) |
| Market Size 2032 |
436.6(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.58% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Tenet Healthcare, HCR ManorCare, Change Healthcare, AMN Healthcare, BAYADA Home Health Care, DaVita Kidney Care, Select Medical, Mercy, Kindred Healthcare, Maxim Healthcare Services, OptumHealth, Aya Healthcare, Omnicare, Apollo Hospitals Enterprise, HCA Healthcare |
| Segments Covered |
Employment Setting, Specialization, Degree Level, Work Experience, Regional |
| Key Market Opportunities |
Aging population Rising healthcare expenditure Advancements in healthcare technology Telenursing Focus on preventive care |
| Key Market Dynamics |
Aging population Nurse shortage Technological advancements Increasing prevalence of chronic diseases Government initiatives |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Registered Nurses Market is expected to reach a valuation of 436.6 Billion USD by 2032.
The Registered Nurses Market is estimated to expand at a CAGR of 3.58% from 2024 to 2032.
North America is anticipated to dominate the Registered Nurses Market throughout the forecast period.
Rising healthcare expenditure, increasing prevalence of chronic diseases, and technological advancements in healthcare are among the primary growth drivers.
Major players include AMN Healthcare, Aya Healthcare, and HCA Healthcare.
Registered Nurses play crucial roles in various healthcare settings, including hospitals, clinics, and long-term care facilities.
The market faces challenges such as nurse shortages, rising labor costs, and increasing regulatory pressures.
Opportunities lie in expanding healthcare access, technological advancements, and the growing demand for specialized nursing services.
Key trends include the adoption of telehealth, the integration of artificial intelligence, and the increasing focus on preventive care.
Government regulations play a significant role in setting standards, ensuring quality, and addressing healthcare disparities.
