Voluntary Health Organizations Global Market Report 2024

The voluntary health organizations market size has grown strongly in recent years. It will grow from $43.73 billion in 2023 to $46.25 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth observed in the historic period can be attributed to several factors, including increased public health awareness, significant fundraising and donations, a strong focus on disease-specific initiatives, and substantial investment in research and advocacy.

The voluntary health organizations market size is expected to see strong growth in the next few years. It will grow to $57.13 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. Looking ahead to the forecast period, the continued growth in this sector can be attributed to various key factors. These include a heightened emphasis on pandemic preparedness and response, a growing shift towards digital engagement, the impact of an aging population, and the increasing adoption of telemedicine and digital health solutions. Additionally, notable trends in the forecast period include a greater emphasis on digital engagement strategies, the expansion of telehealth and remote support services, a heightened focus on mental health initiatives, and an increasing number of collaborations and partnerships in the sector.

An anticipated increase in voluntary contributions is poised to be a significant driving force behind the growth of the voluntary health organizations market. These organizations primarily rely on voluntary contributions from the general public, with funds allocated to support various health, welfare, or community-related initiatives. For example, UNICEF witnessed a notable rise in its total voluntary contributions, surging from $7,219 million in 2020 to $8,122 million in 2021, and further reaching $9,326 million in total income for 2022. Consequently, the growth in the number of voluntary contributions from the general public is expected to be a key catalyst for the expansion of the voluntary health organizations market

The main organization type of voluntary health organizations are multilateral organizations, bilateral single government agencies, and non-governmental organizations. Multilateral organizations are supported by three or more nations and collaborate on addressing issues that have a broad impact across the participating countries. These organizations often operate through both online and offline donation methods and can have a presence at domestic or international levels.

The voluntary health organizations market research report is one of a series of new reports that provides voluntary health organizations market statistics, including voluntary health organizations industry global market size, regional shares, competitors with a voluntary health organizations market share, detailed voluntary health organizations market segments, market trends and opportunities, and any further data you may need to thrive in the voluntary health organizations industry. This voluntary health organizations 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 increasing prevalence of chronic diseases is anticipated to be a driving force behind the growing demand for the voluntary health organization market. Chronic diseases, characterized by their long-lasting nature, often require ongoing management and care. Voluntary health organizations play a significant role in raising funds for health-related research and promoting education and awareness related to conditions such as heart disease, cancer, and diabetes. Their efforts extend to educating the public on early detection, prevention, and effective management of chronic diseases. For example, projections from the United Nations in May 2023 indicate that chronic diseases, encompassing conditions like cardiovascular diseases, cancer, diabetes, and respiratory illnesses, are set to account for a substantial 86% of the approximately 90 million annual deaths by 2050. As a result, the escalating prevalence of chronic diseases is poised to fuel the demand for voluntary health organizations.

The substantial administrative costs associated with voluntary health organizations are acting as a constraint on the growth of the voluntary health organizations market. These organizations require financial resources to support their operations, including staff salaries, IT services, building utilities, legal services, office supplies, and facility maintenance. A portion of the funds received is allocated to cover administrative expenses, which is a common practice. According to a press release from the Center for American Progress, administrative spending for non-profit institutions in the USA accounted for 25% of their total expenditures. However, high administrative costs, especially when deemed excessive or unwarranted, can raise concerns among donors. Donors generally prefer their contributions to directly support an organization's core mission rather than being disproportionately allocated to administrative overhead. In such cases, the willingness to donate may be negatively impacted. As a result, the significant administrative expenses associated with voluntary health organizations pose a potential obstacle to the growth of the voluntary health organizations market.

Prominent companies within the voluntary health organizations market are increasingly focusing on the integration of online platforms to advance healthcare volunteerism as a strategy to enhance their competitiveness. Online platforms designed for promoting healthcare volunteerism are digital solutions that facilitate the connection of volunteers with healthcare institutions and individuals in need of assistance. These platforms enable volunteers to contribute remotely, using the internet, whether from their homes, workplaces, or public locations. An example of this trend is Sigma Xi, a US-based non-profit honor society, which recently introduced the Interactive Volunteer Platform in January 2023. This online platform is aimed at encouraging volunteer engagement in the healthcare sector. It offers members and volunteers opportunities for interaction, participation in community initiatives, mentorship, and chapter events. Developed in partnership with Galaxy Digital, a US-based software company specializing in aiding non-profits with volunteer opportunity management and community impact tracking, this platform assists Sigma Xi members in identifying healthcare-related volunteer opportunities, such as serving at hospitals, clinics, and other healthcare institutions.

Major companies operating in the voluntary health organizations market include Mercy Ships, American Heart Association, Angelwood Inc., Valley Aids Council, March of Dimes, Amyotrophic Lateral Sclerosis Association, American Lung Association, Muscular Dystrophy Association, Center Industries Corporation, AccessCNY, American College of Cardiology, American Diabetes Association, Arizona Partnership For Immunization, Arc of NEPA, Acadiana Concern For Aids Relief, Mains'l California, Maui Family YMCA, Parkview Huntington Family Young Men's Christian Association, American Cancer Society, Alzheimer's Association, American Red Cross, American Kidney Fund, American Liver Foundation, American Parkinson Disease Association, Arthritis Foundation, Autism Speaks Inc., Cystic Fibrosis Foundation, Epilepsy Foundation, Leukemia and Lymphoma Society, Lupus Foundation of America, National Multiple Sclerosis Society, National Psoriasis Foundation, National Stroke Association, Susan G. Komen for the Cure, Michael J. Fox Foundation for Parkinson's Research

Asia-Pacific was the largest region in the voluntary health organizations market in 2023. North America was the second largest region in the voluntary health organizations market analysis. The regions covered in the voluntary health organizations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the voluntary health organizations market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The voluntary health organization market consists of revenues earned by entities that are engaged in raising funds for health-related research such as heart, cancer, diabetes prevention, health education, and patient services. Voluntary health organizations include establishments such as disease awareness fundraising organizations, health research fundraising organizations, and voluntary health organizations. 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.

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.


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