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U.S. Skilled Nursing Facility Market Size, Share & Trends Analysis Report by Type of Facility (Freestanding, Hospital), Ownership (For-profit, Non-profit, Government), and Segment Forecasts, 2021-2028

  • ID: 5513892
  • Report
  • December 2021
  • Region: United States
  • 73 Pages
  • Grand View Research

FEATURED COMPANIES

  • Genesis HealthCare
  • Golden LivingCenters
  • HCR ManorCare
  • Life Care Services
  • The Ensign Group, Inc.
The U.S. skilled nursing facility market size is expected to reach USD 213.7 billion by 2028, according to the report. It is expected to expand at a CAGR of 2.80% from 2021 to 2028. The growing aging population with increasing care needs and rising prevalence of chronic diseases in the country will propel the need for skilled nursing facilities (SNFs). In addition, lower costs of SNF as compared to hospitals will drive the market. SNFs cover numerous aspects such as therapy, mental health services, special dietary needs, hygiene items, recreational activities, and housekeeping.



Residents at skilled nursing facilities may be at a higher risk of contracting COVID-19 infection. According to the CDC, in the early months of the pandemic, around 2.1 million people lived in residential care or nursing homes, representing fewer than 1% of the U.S. population. The 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.

Competition in the market is very high, with major participants being Brookdale Senior Living Solutions; Genesis HealthCare; and The Ensign Group, Inc. Typical barriers in the industry for new entrants include strict regulations and licensing hassles. Furthermore, a rise in the costs of utilities, food, real estate taxes, and insurance could negatively affect the market growth. Strategic initiatives undertaken by various market players are also expected to help maintain its growth in the following years. For Instance, in August 2020, the company acquired Tempe Post-Acute and Desert Marigold Senior Living of Tempe located in Arizona.

U.S. Skilled Nursing Facility Market Report Highlights

  • By type of facility, freestanding held the largest share in 2020 and is estimated to be the fastest-growing segment in the forecast period. This can be attributed to the lower cost of care in comparison with hospitals and increased Medicare payments
  • Based on ownership, for-profit facilities dominated the market in 2020 due to the increased acquisition and delivery of high-quality care while ensuring financial viability
  • Prominent players are strengthening their position in the industry through activities such as collaborations, partnerships, mergers, and accusations. For instance. in Feb 2021, Brookdale Senior Living was acquired by Omega Healthcare, a USD 510 million deal with Healthpeak properties
  • Teleconsultation services provided by SNFs are considered safer compared to hospitals during the COVID-19 pandemic, which is expected to play a vital role to get the patient preference in the later phase of the pandemic


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Frequently Asked Questions about the U.S. Skilled Nursing Facility Market

What is the estimated value of the U.S. Skilled Nursing Facility Market?

The U.S. Skilled Nursing Facility Market was estimated to be valued at $176.2 Billion in 2021.

What is the growth rate of the U.S. Skilled Nursing Facility Market?

The growth rate of the U.S. Skilled Nursing Facility Market is 2.8%, with an estimated value of $213.7 Billion by 2028.

What is the forecasted size of the U.S. Skilled Nursing Facility Market?

The U.S. Skilled Nursing Facility Market is estimated to be worth $213.7 Billion by 2028.

Who are the key companies in the U.S. Skilled Nursing Facility Market?

Key companies in the U.S. Skilled Nursing Facility Market include Genesis HealthCare, Brookdale Senior Living Solutions, The Ensign Group, Inc., National HealthCare Corporation, Sunrise Senior Living, LLC, Life Care Services, HCR ManorCare, Golden LivingCenters and SavaSeniorCare Administrative Services LLC.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Genesis HealthCare
  • Golden LivingCenters
  • HCR ManorCare
  • Life Care Services
  • The Ensign Group, Inc.

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
1.6.2 Volume price 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 Type of Facility
2.2.2 Ownership
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
3.2.1.1 Rising geriatric population
3.2.1.2 Increasing prevalence of multiple chronic conditions
3.2.2 Market restraint analysis
3.2.2.1 High cost of services
3.2.2.2 Shortage of workforce
3.3 Penetration & Growth Prospect Mapping
3.4 Business Environment Analysis Tools
3.4.1 PESTEL Analysis
3.4.1.1 Political landscape
3.4.1.2 Economic and social landscape
3.4.1.3 Technology landscape
3.4.2 Porter’s five forces analysis
3.4.2.1 Competitive rivalry: High
3.4.2.2 Threat of new entrants: Moderate
3.4.2.3 Bargaining power of buyers: Moderate
3.4.2.4 Bargaining power of suppliers: Low
3.4.2.5 Threat of substitutes: Moderate
3.5 Regulatory Framework & Reimbursement: U.S. Skilled Nursing Facilities Market, 2020
3.5.1 Regulatory Framework
3.5.2 Reimbursement Scenario
3.6 Qualitative Analysis: Impact of COVID-19 on Skilled Nursing Facilities
Chapter 4 U.S. Skilled Nursing Facilities Market: Type of Facility Analysis
4.1 U.S. Skilled Nursing Facilities Market Share Analysis, 2020 & 2028
4.2 Segment Dashboard
4.3 Market Size & Forecasts and Trend Analysis, 2016 to 2028 by Type of Facility
4.3.1 Freestanding
4.3.1.1 Freestanding market, 2016 - 2028 (USD Billion)
4.3.2 Hospital
4.3.2.1 Hospital market, 2016 - 2028 (USD Billion)
Chapter 5 U.S. Skilled Nursing Facilities Market: Ownership Analysis
5.1 U.S. Skilled Nursing Facilities by Ownership Market Share Analysis, 2020 & 2028
5.2 Segment Dashboard
5.3 Market Size & Forecasts and Trend Analysis, 2016 to 2028 by Ownership
5.3.1 for-profit Facilities
5.3.1.1 for-profit facilities market, 2016 - 2028 (USD Billion)
5.3.2 Non-profit Facilities
5.3.2.1 Non-profit facilities market, 2016 - 2028 (USD Billion)
5.3.3 Government Facilities
5.3.3.1 Government facilities market, 2016 - 2028 (USD Billion)
Chapter 6 Competitive Analysis
6.1 Recent Developments & Impact Analysis, by Key Market Participants
6.2 Competition Categorization (Key innovators, market leaders, emerging players)
6.3 Vendor Landscape
6.3.1 Mergers & Acquisitions
6.3.2 Partnerships
6.4 Competitive Landscape: Market Position Analysis
6.4.1 Heat map analysis
6.5 Company Profiles
6.5.1 Genesis HealthCare
6.5.1.1 Company Overview
6.5.1.2 Financial performance
6.5.1.3 Service benchmarking
6.5.1.4 Strategic Initiatives
6.5.2 Brookdale Senior Living Solutions
6.5.2.1 Company Overview
6.5.2.2 Financial performance
6.5.2.3 Service benchmarking
6.5.2.4 Strategic Initiatives
6.5.3 The Ensign Group, Inc.
6.5.3.1 Company Overview
6.5.3.2 Financial performance
6.5.3.3 Service benchmarking
6.5.3.4 Strategic Initiatives
6.5.4 National HealthCare Corporation
6.5.4.1 Company Overview
6.5.4.2 Financial performance
6.5.4.3 Service benchmarking
6.5.4.4 Strategic Initiatives
6.5.5 Sunrise Senior Living, LLC
6.5.5.1 Company Overview
6.5.5.2 Financial performance
6.5.5.3 Service benchmarking
6.5.5.4 Strategic Initiatives
6.5.6 Life Care Services
6.5.6.1 Company Overview
6.5.6.2 Financial performance
6.5.6.3 Service benchmarking
6.5.7 HCR ManorCare
6.5.7.1 Company Overview
6.5.7.2 Financial performance
6.5.7.3 Service benchmarking
6.5.8 Golden LivingCenters
6.5.8.1 Company Overview
6.5.8.2 Financial performance
6.5.8.3 Service benchmarking
6.5.8.4 Strategic Initiatives
6.5.9 Life Care Centers of America
6.5.9.1 Company Overview
6.5.9.2 Financial performance
6.5.9.3 Service benchmarking
6.5.10 SavaSeniorCare Administrative Services LLC
6.5.10.1 Company Overview
6.5.10.2 Financial performance
6.5.10.3 Service benchmarking
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 Recent mergers & acquisitions
Table 5 Recent partnerships
Table 6 List of senior care providers in the U.S.
Table 7 U.S. Skilled Nursing Facility Market, by Type of facility, 2016 - 2028 (USD Billion)
Table 8 U.S. Skilled Nursing Facility Market, by Ownership, 2016 - 2028 (USD Billion)
List of Figures
Fig. 1 U.S. skilled nursing facilities 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, 2020 (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 market: Type of facility movement analysis, 2020 & 2028 (USD Billion)
Fig. 15 U.S skilled nursing facility type of facility market: Segment dashboard
Fig. 16 Freestanding market, 2016 - 2028 (USD Billion)
Fig. 17 Hospital market, 2016 - 2028 (USD Billion)
Fig. 18 U.S. skilled nursing facility ownership market share analysis, 2020 & 2028 (USD Billion)
Fig. 19 U.S. skilled nursing facility ownership outlook: Key takeaways
Fig. 20 For-profit facilities market, 2016 - 2028 (USD Billion)
Fig. 21 Non-profit facilities market, 2016 - 2028 (USD Billion)
Fig. 22 Government facilities market 2015 - 2028 (USD Billion)
Fig. 23 Impact analysis by key market participants
Fig. 24 Competition categorization
Fig. 25 Heat map analysis
Note: Product cover images may vary from those shown
  • Genesis HealthCare
  • Brookdale Senior Living Solutions
  • The Ensign Group, Inc.
  • National HealthCare Corporation
  • Sunrise Senior Living, LLC
  • Life Care Services
  • HCR ManorCare
  • Golden LivingCenters
  • Life Care Centers of America
  • SavaSeniorCare Administrative Services LLC
Note: Product cover images may vary from those shown

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