Community and Individual Services Global Market Report 2024

The community and individual services market size has grown strongly in recent years. It will grow from $1415.44 billion in 2023 to $1501.73 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth observed in the historical period can be attributed to factors such as an increasing aging population, robust economic growth in emerging markets, advancements in technology including mobile apps, and government funding directed towards community care.

The community and individual services market size is expected to see strong growth in the next few years. It will grow to $1885.89 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. Projected growth is fueled by a preference for community living, a rapidly aging population, changing lifestyles, increased healthcare access, and rising household incomes. Key trends include tech advancements in adult day care, data-driven human services, online funding for social initiatives, autism care centers, telehealth for underserved communities, individualized service plans, and the adoption of electronic health records (EHR) and artificial intelligence (AI) in childcare management.

Autism Spectrum Disorder (ASD) is a multifaceted developmental condition that emerges in early childhood and impacts an individual's communication and social interaction abilities. According to the Center for Disease Control and Prevention (CDC), approximately 1 in 59 children in the United States are diagnosed with ASD. Early identification and intervention significantly enhance outcomes for those with ASD, prompting increased investments by autism research organizations to improve support mechanisms. This is anticipated to boost the training of social service professionals such as autism child care counselors, therapists, and psychologists. As their numbers grow, they are expected to cater to more individuals, ultimately resulting in increased revenues.

The burgeoning awareness of prevalent societal concerns is projected to drive the expansion of the community and individual services sector. Social issues encompass challenges affecting individuals and communities, including poverty, homelessness, mental health, substance abuse, and violence. Engaging in community service activities plays a crucial role in addressing these issues, fostering connections within communities, and raising social consciousness for collective betterment. Notably, reports from Engage for Good highlight that 59% of Americans believe that companies must actively engage with social justice matters, with an additional 49% perceiving companies that remain silent on these issues as indifferent or apathetic. This surge in social awareness is steering the growth of the community and individual services market.

Community and individual services providers are increasingly adopting data-driven methodologies such as big data and predictive analytics to enhance social assistance offerings. Predictive analytics utilizes historical data, statistical algorithms, and machine learning to forecast potential future outcomes, while big data analytics uncovers valuable insights within extensive datasets. These approaches aid in monitoring target populations, identifying non-compliance, and enhancing reporting mechanisms. For example, Hillside Family of Agencies employs predictive analytics to diminish high school dropout rates among youth, while the Good Samaritan Society collaborates with IBM to utilize big data and analytics software for clinical and operational patient data.

Prominent players within the individual and community services sphere are intensifying their focus on innovative initiatives to secure a competitive advantage. These initiatives encompass diverse programs and endeavors aimed at enhancing communities by providing volunteering opportunities for individuals and groups. CVS Health Corporation, for instance, unveiled the Community Equity Alliance in January 2023. This initiative aims to address healthcare barriers in underserved communities nationwide by bolstering the number of community health workers, fortifying connections between hospitals and localities, and tackling disparities in cardiac and mental health outcomes. The company's commitment to achieving health equity is underscored by its active participation in the Alliance.

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.

Western Europe was the largest region in the community and individual services market in 2023. Asia-Pacific was the second-largest region in the community and individual services market. The regions covered in the community and individual services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the community and individual services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The community and individual services market consist of revenues earned by entities that provide services such as community food services, community housing services, temporary shelters, and other community housing services, emergency and other relief services, vocational rehabilitation services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Primary types of community and individual services include community food, housing, relief services, and individual and family services. Community food service providers prepare and deliver food for those in need, with modes including online and offline applications such as food stamp programs, disaster relief, adoption services, and self-help initiatives.

The community and individual services market research report is one of a series of new reports that provides community and individual services market statistics, including community and individual services industry global market size, regional shares, competitors with a community and individual services market share, detailed community and individual services market segments, market trends and opportunities, and any further data you may need to thrive in the community and individual services industry. This community and individual services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.