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U.S. Skilled Nursing Facility and Rehabilitation Market Size, Share & Trends Analysis Report by Type Of Facility (Freestanding, Hospital), and Segment Forecasts, 2022-2030

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  • 66 Pages
  • March 2022
  • Region: United States
  • Grand View Research
  • ID: 5415545
The U.S. skilled nursing facility and rehabilitation market size is expected to reach USD 308.8 billion by 2030, expanding at a CAGR of 4.5%. The growing incidences of chronic conditions such as diabetes, paralysis, hypertension, etc, and the rising geriatric population is expected to fuel the market over the next few years. In 2019, the geriatric population over 65 has increased up to 9% out of which 14.3 majorities of adults above the age of 65 years suffered from chronic disease and need these facilities. Medicare and Medicaid availability and the growing technologies will play a driving role for the market in the coming years.

To cope with the COVID-19 situation, in November 2020, the Centers for Medicare and Medicaid Services released guidelines for skilled nursing facilities to help curb the spread of the novel COVID-19 infection. These measures include physical distancing (maintain distance of 6 feet from people), wearing a face mask, and limiting the number of visitors (keeping it one at a time). Majority of these facilities were not allowed to accept new residents and did not have new revenue streams for the additional expenses associated with the virus, which had a negative impact on the skilled nursing facilities services sector.

U.S. Skilled Nursing Facility And Rehabilitation Market Report Highlights

  • The freestanding segment dominated the market in 2021 due to its lower cost compared to the hospital-based facility. The freestanding segment is expected to continue the dominance and witness a great growth rate
  • Skilled nursing facilities are reimbursed by medicare part A and B resulting in more sustainability and thus is a fuel factor for the growth of the market
  • The market is present with small and large players, leading to higher competition among smaller players to sustain their market position. The market is quite open for new entrants due to government support and great reimbursement policies
  • Mergers and acquisitions is one of the key strategic initiatives undertaken by market players to sustain in the competitive market. For instance, in December 2020, The Ensign Group, Inc. acquired Hays Nursing and Rehabilitation Center, a 116-bed skilled nursing facility located in Texas
  • According to the Center for Medicare Advocacy report published in March 2021, nursing centers received billions of dollars during the pandemic from the government. For instance, as of March 2021, around 10,293 nursing facilities received Paycheck Protection Program loans, totaling around USD 5.7 billion. This program was created as a part of the CARES Act and extended by the Consolidated Appropriation Act, 2021 to provide financial assistance to businesses for retaining their employees during the pandemic. The assistance has helped these centers to offset their financial costs and losses incurred due to the pandemic

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Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.1.1 Estimates and Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased database:
1.3.2 Internal Database
1.3.3 Secondary sources
1.3.4 Primary research
1.4 Information or Data Analysis
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity flow analysis
1.7 List of Secondary Sources
1.8 List of Abbreviations
1.9 Objectives
1.9.1 Objective - 1
1.9.2 Objective - 2
1.9.3 Objective - 3
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.2.1 Facility Type
2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent market outlook
3.1.2 Related/ancillary market outlook
3.2 Market Dynamics
3.2.1 Market Driver Analysis Rising geriatric population Increasing prevalence of multiple chronic conditions High demand for rehabilitation services
3.2.2 Market Restraint Analysis High cost of services Shortage of workforce
3.2.3 Industry Challenges
3.2.4 Industry Opportunities
3.3 Penetration & Growth Prospect Mapping
3.4 Business Environment Analysis Tools
3.4.1 PESTEL Analysis Political & legal landscape Economic and social landscape Technology landscape
3.4.2 Porter’s Five Forces Analysis Competitive rivalry: High Threat of new entrants: Moderate Bargaining power of buyers: Moderate Bargaining power of suppliers: Low Threat of substitutes: Moderate
3.5 Regulatory Framework & Reimbursement Scenario
3.6 Impact of COVID-19 Pandemic
Chapter 4 U.S. Skilled Nursing Facility & Rehabilitation Market: Type of Facility Analysis
4.1 U.S. Skilled Nursing Facility & Rehabilitation Market Share Analysis, 2021 & 2030
4.2 Segment Dashboard
4.3 Market Size & Forecasts and Trend Analysis, 2017 to 2030 for the Facility Type
4.3.1 Freestanding Freestanding market, 2017 - 2030 (USD Billion)
4.3.2 Hospital Hospital market, 2017 - 2028 (USD Billion)
Chapter 5 Competitive Analysis
5.1 Recent Developments & Impact Analysis, by Key Market Participants
5.2 Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
5.3 Company Market Position Analysis
5.4 Company Profiles
5.4.1 Brookdale Senior Living Inc. Company overview Financial performance Service benchmarking Strategic initiatives SWOT analysis
5.4.2 The Ensign Group, Inc. Company overview Financial performance Service benchmarking Strategic initiatives SWOT analysis
5.4.3 Genesis HealthCare Company overview Financial performance Service benchmarking Strategic initiatives SWOT analysis
5.4.4 Extendicare Company overview Financial performance Service benchmarking
5.4.5 Sunrise Senior Living, LLC Company overview Financial performance Service benchmarking Strategic initiatives
5.4.6 ProMedica Company overview Financial performance Service benchmarking Strategic initiatives
5.4.7 Golden LivingCenters Company overview Financial performance Service benchmarking Strategic initiatives
5.4.8 Life Care Centers of America Company overview Financial performance Service benchmarking Strategic initiatives
List of Tables
Table 1 List of secondary sources
Table 2 List of abbreviations
Table 3 Incidence of cardiovascular diseases in older Americans
Table 4 Types of rehabilitation treatment for COVID-19 symptoms
Table 5 U.S. Skilled Nursing Facility and Rehabilitation Market, by Type of Facility, 2017-2030 (USD Billion)
List of Figures
FIG. 1 U.S. skilled nursing facility & rehabilitation market segmentation
FIG. 2 Market research process
FIG. 3 Information procurement
FIG. 4 Primary research pattern
FIG. 5 Market research approaches
FIG. 6 Value chain-based sizing & forecasting
FIG. 7 QFD modeling for market share assessment
FIG. 8 Market formulation & validation
FIG. 9 Market outlook, 2021 (USD Billion)
FIG. 10 Market trends & outlook
FIG. 11 Market driver relevance analysis (Current & future impact)
FIG. 12 Market restraint relevance analysis (Current & future impact)
FIG. 13 Penetration & growth prospect mapping
FIG. 14 U.S. skilled nursing facility & rehabilitation market: Type of Facility movement analysis, (USD Billion)
FIG. 15 U.S skilled nursing facilities & rehabilitation facility type market: Segment dashboard
FIG. 16 Freestanding market, 2017-2030 (USD Billion)
FIG. 17 Hospital market, 2017-2030 (USD Billion)
FIG. 18 Impact analysis by key market participants
FIG. 19 Competition categorization
FIG. 20 Company market position analysis

Companies Mentioned

  • Brookdale Senior Living Inc.
  • The Ensign Group, Inc.
  • Genesis HealthCare
  • Extendicare
  • Sunrise Senior Living, LLC
  • ProMedica
  • Golden LivingCenters
  • Life Care Centers of America