U.S. Registered Nurses Market Size, Share, Growth Report 2030

U.S. Registered Nurses Market

U.S. Registered Nurses Market By End-User (Ambulatory Healthcare Services, Hospitals, Nursing Homes, and Others), By Gender (Male and Female), and By Country - U.S. Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030

Category: Healthcare Report Format : PDF Pages: 230 Report Code: ZMR-7173 Published Date: May-2023 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 499.15 Billion USD 763.24 Billion 5.62% 2022

 

Industry Prospective:

The U.S registered nurses market size was worth around USD 499.15 Billion in 2022 and is predicted to grow to around USD 763.24 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.62% between 2023 and 2030.

The report analyzes the U.S. registered nurses market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the U.S. registered nurses market.

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U.S. Registered Nurses Market: Overview

Nurses are medical or healthcare professionals who work with doctors to provide accurate medical care to patients. They play a crucial role at every point of medical treatment that the patient is undergoing. They are responsible for assessing and monitoring the health of the patient and administering medications with guidance from the doctors. They are also involved in other healthcare activities such as performing certain medical procedures and providing educational or emotional support to the patients when needed. Registered nurses (RNs) are a type of nurse group who tend to have completed nursing courses or degree programs from recognized universities. They also have to pass a national licensing program to be regarded as RNs.

Key Insights: 

  • As per the analysis shared by our research analyst, the U.S. registered nurses market is estimated to grow annually at a CAGR of around 5.62% over the forecast period (2023-2030)
  • In terms of revenue, the U.S. registered nurses market size was valued at around USD 499.15 billion in 2022 and is projected to reach USD 763.24 billion, by 2030.
  • The U.S. registered nurses market is projected to grow at a significant rate due to the increasing demand for quality medical care
  • Based on gender segmentation, the female was predicted to show the maximum market share in the year 2022
  • Based on end-user segmentation, hospitals were the leading users in 2022
  • On the basis of region, Midwest was the leading revenue generator in 2022

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U.S. Registered Nurses Market: Growth Drivers

Increasing demand for quality medical care to propel market growth

The U.S. registered nurses market is expected to grow owing to the increasing demand for quality medical care in the country. The regional government is known to invest heavily in the country’s healthcare infrastructure. It has some of the most stringent policies surrounding the qualification of medical professionals working in the healthcare sector. In addition to this, the demand for quality medical care has been on the rise due to the growing number of patients suffering from several types of medical conditions ranging from mild to severe. This has led to the government laying more emphasis on encouraging people to pursue state-accredited courses in the medical sector.

U.S. Registered Nurses Market: Restraints

Growing physical and emotional duress to restrict market expansion

Currently, the RNs in the US are under tremendous emotional and physical duress due to multiple factors. There is a significant lack of adequate supply of registered nurses as compared to the growing influx of patients. This was especially witnessed during Covid-19 when recorded the highest number of infected patients over multiple months. This has led to workplace pressure as many nurses complain of overworking. As per a report by the National Institute of Health, almost 47% of the 4467 nurses that were surveyed, claimed to be suffering from severe burnout.

U.S. Registered Nurses Market: Opportunities

Rising market for telehealth to create opportunities

Telehealth deals with the delivery of healthcare services using telecommunication technologies such as remote monitoring and videoconferencing to name a few. With the rise in the adoption of telehealth procedures for medical care, the regional industry is expected to come across several growth opportunities. While the technique is helpful for the patients, it also benefits the nurses since it requires less physical strain and this segment of medical professionals can deliver better care to the patients. In addition to this, the rising implementation of specialized courses could lead to higher salaries and future prospects.

U.S. Registered Nurses Market: Challenges

Limited scope of practice to challenge market growth

Although there are several benefits of becoming a registered nurse in the US, there are also certain drawbacks. One of the main challenges is the limited scope of practice. It is highly regulated by state boards concerning the nursing sector. It greatly limits the type of processes RNs can perform. It may also cause consistently working under the supervision of other healthcare professionals thus acting as a restriction on the nurses to work independently.

U.S. Registered Nurses Market: Segmentation

The U.S. registered nurses market is segmented based on end-user, gender, and region.

Based on end-user, the market segments are ambulatory health services, hospitals, nursing homes, and others. In 2022, the industry witnessed the highest growth in the hospital segment due to the high number of registered nurses working in hospitals across the country. This set of medical service providers generally tends to have a larger number of patients to care for and hence they require more medical professionals including doctors and nurses, along with other associates. In addition to this, hospitals in the US have strict policies in place to ensure that medical help with the right educational background and experience is hired.

The quality check process in these settings is strict and hence they generally tend to prefer employing RNs. During the forecast period, the nursing home segment is projected to grow at a CAGR of 6.71%, since it is the second-most significant contributor in the industry.

Based on gender, the U.S. registered nurses market divisions are male and female. The latter was the highest-growing segment in 2022 since the majority of the RNs working across healthcare settings are women. However, the male segment has been growing rapidly over the years. Female nurses held dominance over 87% of the segmental share in 2022. Nursing, in general, has always been a female-dominated sector mainly due to several historical and gender-based allocations of job opportunities. Since nursing refers to caring and nurturing, hence the profession has been traditionally associated with women.

In addition to this, the history of nursing as far as the 19th century was purely female-centric which is another reason for the high women population in this sector.

Recent Developments:

  • In February 2023, the UNT System Board of Regents held a meeting to come up with a plan for tackling the shortage of nurses in the Texas area. The meeting concluded with a decision to create a nursing college at The University of North Texas Health Science Center at Fort Worth. The institute is currently on a nationwide hunt for a visionary dean to take over the college programs
  • In December 2022, The American Association of Colleges of Nursing (AACN) announced the names of the 10 schools that will participate in the organization’s nationwide initiative to promote nursing education and practice. The institute has already received funds from American Nurses Foundation’s Reimagining Nursing Initiative and has launched a 3-year program called Competency-Based Education for Practice-Ready Nurse Graduates

U.S. Registered Nurses Market: Report Scope

Report Attributes Report Details
Report Name U.S. Registered Nurses Market Research Report
Market Size in 2022 USD 499.15 Billion
Market Forecast in 2030 USD 763.24 Billion
Growth Rate CAGR of 5.62%
Number of Pages 230
Key Companies Covered Johns Hopkins Medicine, HCA Healthcare, Kaiser Permanente, Tenet Healthcare, Cleveland Clinic, Ascension Health, Ohio State University Wexner Medical Center, Community Health Systems, Rush University Medical Center, Universal Health Services, Cedars-Sinai Medical Center, Mayo Clinic, Vanderbilt University Medical Center, Massachusetts General Hospital, Duke University Health System, New York-Presbyterian Hospital, University of Michigan Health System, Stanford Health Care, UAB Medicine, Emory Healthcare, Banner Health, Houston Methodist, Yale New Haven Health, Northwell Health, and AdventHealth.
Segments Covered By End-User, By Gender, and By Region
Regions Covered North America ( The U.S.)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

U.S. Registered Nurses Market: Regional Analysis

Northeast sector to witness the highest growth

The U.S. registered nurses market is expected to witness the highest growth in the Northeast areas. This part of the region includes some of the most technologically advanced states such as New York, New Jersey, and Massachusetts. These regions have a high demand for qualified and experienced medical professionals including nurses. Furthermore, the Northeast region is home to some of the most well-reputed nursing colleges with a large number of students graduating every year. In the Midwest region comprising states like Ohio, Illinois, and Michigan the growth is expected to be driven by the rising number of elderly populations that require constant medical care. Although this region may not be technically as advanced as the other states, the requirement for experienced nurses remains high. The country is currently battling an evident shortage of nurses and is working toward mitigating measures that can help it combat this issue.

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U.S. Registered Nurses Market: Competitive Analysis

The U.S. registered nurses market is led by players like:

  • Johns Hopkins Medicine
  • HCA Healthcare
  • Kaiser Permanente
  • Tenet Healthcare
  • Cleveland Clinic
  • Ascension Health
  • Ohio State University Wexner Medical Center
  • Community Health Systems
  • Rush University Medical Center
  • Universal Health Services
  • Cedars-Sinai Medical Center
  • Mayo Clinic
  • Vanderbilt University Medical Center
  • Massachusetts General Hospital
  • Duke University Health System
  • New York-Presbyterian Hospital
  • University of Michigan Health System
  • Stanford Health Care
  • UAB Medicine
  • Emory Healthcare
  • Banner Health
  • Houston Methodist
  • Yale New Haven Health
  • Northwell Health
  • AdventHealth.

The U.S. Registered Nurses market is segmented as follows:

By End-User

  • Ambulatory Healthcare Services
  • Hospitals
  • Nursing Homes
  • Others

By Gender

  • Male
  • Female

By Region

  • North America
    • The U.S.

Table Of Content

Methodology

FrequentlyAsked Questions

Nurses are medical or healthcare professionals who work with doctors to provide accurate medical care to patients.

The U.S. registered nurses market is expected to grow owing to the increasing demand for quality medical care in the country.

According to study, the U.S. registered nurses market size was worth around USD 499.15 billion in 2022 and is predicted to grow to around USD 763.24 billion by 2030.

The CAGR value of the U.S. registered nurses market is expected to be around 5.62% during 2023-2030.

The U.S. registered nurses market is expected to witness the highest growth in the Northeast areas.

The U.S. registered nurses market is led by players like Johns Hopkins Medicine, HCA Healthcare, Kaiser Permanente, Tenet Healthcare, Cleveland Clinic, Ascension Health, Ohio State University Wexner Medical Center, Community Health Systems, Rush University Medical Center, Universal Health Services, Cedars-Sinai Medical Center, Mayo Clinic, Vanderbilt University Medical Center, Massachusetts General Hospital, Duke University Health System, New York-Presbyterian Hospital, University of Michigan Health System, Stanford Health Care, UAB Medicine, Emory Healthcare, Banner Health, Houston Methodist, Yale New Haven Health, Northwell Health, and AdventHealth.

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