Nursing Care Facilities in the US - Industry Market Research Report

Nursing Care Facilities in the US - Industry Market Research Report

  • June 2020 •
  • 38 pages •
  • Report ID: 199152 •
  • Format: PDF
Handle with care: The industry is expected to expand with an increase of adults aged 65 and older

Abstract

Nursing Care Facilities in the US
Over the five years to 2019, revenue for the Nursing Care Facilities industry is expected to grow. Revenue grew steadily during the five-year period alongside the continued aging of the baby boomer population, which spurred demand for much-needed industry services. Since the elderly are more prone to injury and illness, and therefore require more assistance with daily activities, the growing share of senior adults propelled demand for services offered by nursing care facilities. An unstable federal reimbursement model amid an uncertain regulatory environment for the healthcare sector as a whole is likely to present challenges for operators during the outlook period, specifically for nonprofit and government-funded facilities. Still, over the five years to 2024, the industry is expected to continue expanding.

This industry provides living quarters, inpatient nursing and rehabilitation services for people with a chronic illness or disability. Care is usually provided for an extended period to individuals who require help with day-to-day activities but do not need to be in a hospital.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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