Global Skilled Nursing Facility Market Size, Trends, and Growth Opportunity, By Facility Type (Hospital and Freestanding), By Ownership (Non-Profit, Profit, and Government), By Services Type (Intensive Rehabilitation Therapy, Low and Medium Rehabilitation, Medically Complex and Others), By Region and Forecast to 2030.
Global Skilled Nursing Facility Market
The Global Skilled Nursing Facility Market was valued at USD 415.52 billion in 2022 and is expected to reach USD 592.10 billion by 2030, at a CAGR 3.84% during the forecast period 2023- 2030.
After a stay in an acute care hospital or another type of healthcare facility, individuals might get short-term nursing and rehabilitation services at skilled nursing facilities. Services provided in skilled nursing facilities satisfy higher standards of care needed by people with conditions requiring ongoing medical staff monitoring outside of hospital settings. Assistance with activities of daily living, post-hospital and post-surgical care, long-term custodial care, individual care plans, and other benefits are just a few of the significant benefits provided by skilled nurse facility services.
Market Drivers
The main drivers of the growth of the global skilled nursing facility market over the forecast period are the expanding elderly population, the rising prevalence of chronic diseases among the population globally, and rising healthcare spending by consumers. Age-related illnesses like Alzheimer's, Parkinson's, cardiovascular conditions, cerebral palsy, and diabetes are more common in the elderly, which increases the demand for skilled nursing facilities around the world. The development of the skilled nursing facility market is anticipated to benefit from favorable government rules and reimbursements for these facilities.
Market Restraints
The high expenses of nursing facilities services and low acceptance of them are anticipated to hamper the market growth in the coming years. However, in the upcoming years, the skilled nurse facility service market income will also be challenged by the social stigma associated with nursing homes.
Market Segmentation
The Global Skilled Nursing Facility Market is segmented into Facility Type, Ownership, and Services Type. Based on Facility Type, the market is divided into Hospital and Freestanding. Based on Ownership, the market is classified into Non-Profit, Profit, and Government. Based on Services Type, the market is segmented into Intensive Rehabilitation Therapy, Low and Medium Rehabilitation, Medically Complex, and Others. COVID 19 Impact Healthcare facilities were seen as key infection hotspots and as a result, operations of skilled nursing facilities were restricted, the coronavirus pandemic had a detrimental effect on the market for skilled nursing facility services overall. Also, the usage of these services was constrained because the elderly population was thought to be the most susceptible to contracting the infection.
Regional Analysis
The Global Skilled Nursing Facility Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The market for skilled care facilities was dominated by North America. One of the main drivers of the skilled nursing facility industry in North America is the high cost of healthcare. By 2060, the US is projected to have 95 million people aged 65 and older, according to the Population Reference Bureau. Between 2018 and 2060, there will be an increase in the number of elderly individuals in the US of almost 82%. Also, the region's market growth is being aided by the CMS policies' ongoing modifications. The need for skilled nursing facilities among nuclear families to care for the elderly members of the family is anticipated to expand.
Key Players
Various key players are discussed in the Global Skilled Nursing Facility Market Report including: Genesis HealthCare, Golden Living, Brookdale Senior Living, Lincare, Inc. plc, Emeritus Corporation, Life Care Centers of America, and Gentiva Health Services.
Market Taxonomy
By Facility Type
• Hospital
• Freestanding
By Ownership
• Non-Profit
• Profit
• Government
By Services Type
• Intensive Rehabilitation Therapy
• Low and Medium Rehabilitation
• Medically Complex
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Skilled Nursing Facility Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Skilled Nursing Facility Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Skilled Nursing Facility Market, By Facility Type
5.1 Y-o-Y Growth Comparison, By Facility Type
5.2 Global Skilled Nursing Facility Market Share Analysis, By Facility Type
5.3 Global Skilled Nursing Facility Market Size and Forecast, By Facility Type
5.3.1 Hospital
5.3.2 Freestanding
6 Global Skilled Nursing Facility Market, By Ownership
6.1 Y-o-Y Growth Comparison, By Ownership
6.2 Global Skilled Nursing Facility Market Share Analysis, By Ownership
6.3 Global Skilled Nursing Facility Market Size and Forecast, By Ownership
6.3.1 Non-Profit
6.3.2 Profit
6.3.3 Government
7 Global Skilled Nursing Facility Market, By Services Type
7.1 Y-o-Y Growth Comparison, By Services Type
7.2 Global Skilled Nursing Facility Market Share Analysis, By Services Type
7.3 Global Skilled Nursing Facility Market Size and Forecast, By Services Type
7.3.1 Intensive Rehabilitation Therapy
7.3.2 Low and Medium Rehabilitation
7.3.3 Medically Complex
7.3.4 Others
8 Global Skilled Nursing Facility Market, By Region
8.1 Global Skilled Nursing Facility Market Share Analysis, By Region
8.2 Global Skilled Nursing Facility Market Size and Forecast, By Region
9 North America Skilled Nursing Facility Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Skilled Nursing Facility Market Share Analysis, By Facility Type
9.3 North America Skilled Nursing Facility Market Size and Forecast, By Ownership
9.4 North America Skilled Nursing Facility Market Size and Forecast, By Services Type
9.5 North America Skilled Nursing Facility Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Skilled Nursing Facility Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Skilled Nursing Facility Market Share Analysis, By Facility Type
10.3 Europe Skilled Nursing Facility Market Size and Forecast, By Ownership
10.4 Europe Skilled Nursing Facility Market Size and Forecast, By Services Type
10.5 Europe Skilled Nursing Facility Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Skilled Nursing Facility Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Skilled Nursing Facility Market Share Analysis, By Facility Type
11.3 Asia Pacific Skilled Nursing Facility Market Size and Forecast, By Ownership
11.4 Asia Pacific Skilled Nursing Facility Market Size and Forecast, By Services Type
11.5 Asia Pacific Skilled Nursing Facility Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Skilled Nursing Facility Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Skilled Nursing Facility Market Share Analysis, By Facility Type
12.3 Latin America Skilled Nursing Facility Market Size and Forecast, By Ownership
12.4 Latin America Skilled Nursing Facility Market Size and Forecast, By Services Type
12.5 Latin America Skilled Nursing Facility Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Skilled Nursing Facility Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Skilled Nursing Facility Market Share Analysis, By Facility Type
13.3 Middle East Skilled Nursing Facility Market Size and Forecast, By Ownership
13.4 Middle East Skilled Nursing Facility Market Size and Forecast, By Services Type
13.5 Middle East Skilled Nursing Facility Market Size and Forecast, By Country
13.6.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Genesis HealthCare
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Golden Living
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Brookdale Senior Living
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Lincare, Inc. plc
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Emeritus Corporation
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Life Care Centers of America
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Gentiva Health Services
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
