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U.S. Care Services Market Size, Share & Trends Analysis Report by Service (Skilled Nursing Facility, Post-Acute Care, Assisted Living Facility, Hospice and Palliative Care, Remote Patient Monitoring), and Segment Forecasts, 2022-2030

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    Report

  • 74 Pages
  • April 2022
  • Region: United States
  • Grand View Research
  • ID: 5595892
The U.S. care services market size is expected to reach USD 748.5 billion by 2030 expanding at a CAGR of 5.76%. Growing geriatric population and rising incidence of target diseases such as dementia and Alzheimer’s as well as orthopedic diseases are factors expected to fuel the industry growth in the times to come. Increasing treatment cost is one of the prime concerns for governments and health organizations and hence they are striving to curb healthcare costs. Care services are cost-efficient alternatives to expensive hospital stays and thus are economic for a longer time duration.



The federal government is playing an active role in financing the care services. SNFs, hospice, and home healthcare are financed by the government. The U.S. government introduced the COVID-19 relief fund and provided funding of USD 175 billion to SNFs, USD 30 billion to hospice care, and USD 20 billion to assisted living facilities, as per the Department of Health and Human Services. From 2016 up to 2021, the government provided USD 184 million to hospice areas in the Office of the Parliamentary Budget Officer.

The COVID-19 pandemic has positively impacted home healthcare services & the growth of technology in care services. Telehealth services at home & house calls have been the main option for residents, with inpatient hospital facilities being busy with handling COVID-19 cases. Since the onset of the pandemic, the growth in telehealth use has increased significantly.

U.S. Care Services Market Report Highlights

  • The skilled nursing facility segment dominated the market in terms of revenue in 2019. SNFs provide high-quality care services at a much lower cost as compared to hospitals, generating tremendous demand among investors. Reimbursement rate pressures or the introduction of new payment systems are also impacting the business size.
  • Remote patient monitoring is projected to be one of the fastest-growing segments during the forecast period. This can be attributed to the rising demand for home healthcare. Rapid advancement in technology and the majority of chronic patients in the U.S. have shown an inclination toward home healthcare due to convenience, cost-effectiveness, and availability of top-class service in the comfort and safety of home has driven the dependence on these services over the years.
  • The COVID-19 pandemic propelled the demand for home healthcare due to the restriction on healthcare facilities resulting in-home healthcare solutions being the only option. Acute care facilities assisted living facilities, hospice care, and SNF, among others, witnessed improvement in new residents at facilities since the latter half of 2020.
  • The U.S. care services market has been witnessing several mergers and acquisitions and partnerships resulting in the integration of various services and maximizing revenue. For Instance, In July 2021, Brookdale Senior Living, Inc. sold a significant stake in its outpatient therapy, hospice, and home health business to HCA Healthcare.


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Frequently Asked Questions about the U.S. Care Services Market

What is the estimated value of the U.S. Care Services Market?

The U.S. Care Services Market was estimated to be valued at $478.1 Billion in 2022.

What is the growth rate of the U.S. Care Services Market?

The growth rate of the U.S. Care Services Market is 5.7%, with an estimated value of $748.5 Billion by 2030.

What is the forecasted size of the U.S. Care Services Market?

The U.S. Care Services Market is estimated to be worth $748.5 Billion by 2030.

Who are the key companies in the U.S. Care Services Market?

Key companies in the U.S. Care Services Market include Kindred Healthcare, LLC, Amedisys, Inc., Sunrise Senior Living, LLC, National Healthcare Corporation, Brookdale Senior Living Inc., Capital Senior Living Corporation, Home Instead, Inc., Genesis Healthcare and Lhc Group, Inc..

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.1.1 Estimates and Forecast Timeline
1.2 Research Objectives
1.2.1 Objective-1
1.2.2 Objective-2
1.2.3 Objective-3
Chapter 2 Research Methodology
2.1 Information Procurement
2.1.1 Purchased Database:
2.1.2 Internal Database
2.1.3 Secondary Sources
2.1.4 Primary Research
2.2 Information or Data Analysis
2.3 Market Formulation & Validation
2.4 Model Details
2.4.1 Commodity Flow Analysis
2.5 List of Secondary Sources
2.6 List of Abbreviations
Chapter 3 Executive Summary
3.1 Market Outlook
3.2 Segment Outlook
3.2.1 Service
3.3 Competitive Insights
Chapter 4 Market Variables, Trends & Scope
4.1 Market Lineage Outlook
4.1.1 Parent Market Outlook
4.1.2 Related/Ancillary Market Outlook
4.2 Market Dynamics
4.2.1 Market Driver Analysis
4.2.1.1 Increasing need for nursing care among younger population in the U.S.
4.2.1.2 Government initiatives for care services
4.2.1.3 Technological advancement
4.2.2 Market Restraint Analysis
4.2.2.1 Lower spending capacity among geriatric population
4.2.2.2 High cost of services
4.2.3 Industry Challenges
4.2.3.1 Hesitance of geriatric population toward living at SNF or ALF
4.2.4 Industry Opportunities
4.2.4.1 Training & development of workforce
4.2.4.2 Increasing government funding for care services
4.3 Penetration & Growth Prospect Mapping
4.4 Business Environment Analysis Tools
4.4.1 PESTEL Analysis
4.4.1.1 Political & legal landscape
4.4.1.2 Economic and social landscape
4.4.1.3 Technology landscape
4.4.2 Porter’s Five Forces Analysis
4.4.2.1 Competitive rivalry: High
4.4.2.2 Threat of new entrants: Moderate
4.4.2.3 Bargaining power of buyers: High
4.4.2.4 Bargaining power of suppliers: Low
4.4.2.5 Threat of substitutes: Moderate
4.5 Impact of COVID-19 on the U.S. Care Services Market
Chapter 5 U.S. Care Services Market: Service Analysis
5.1 U.S. Care Services Market Share Analysis, 2021 & 2030
5.2 Segment Dashboard
5.3 Skilled Nursing Facility
5.3.1 Skilled Nursing Facility Market, 2017-2030 (USD Billion)
5.4 Post-Acute Care
5.4.1 Post-Acute Care Market, 2017-2030 (USD Billion)
5.5 Assisted Living Facility
5.5.1 Assisted Living Facility Market, 2017-2030 (USD Billion)
5.6 Hospice and Palliative Care
5.6.1 Hospice and Palliative Care Market, 2017-2030 (USD Billion)
5.7 Remote Patient Monitoring
5.7.1 Remote Patient Monitoring Market, 2017-2030 (USD Million)
5.8 Home-based Primary Care/House Calls
5.8.1 Home-Based Primary Care/House calls Market, 2017-2030 (USD Million)
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 Company Market Position Analysis
6.4 Company Profiles
6.4.1 Kindred Healthcare, LLC
6.4.1.1 Company overview
6.4.1.2 Service benchmarking
6.4.1.3 Strategic initiatives
6.4.1.4 SWOT analysis
6.4.2 Amedisys, Inc.
6.4.2.1 Company overview
6.4.2.2 Financial performance
6.4.2.3 Product benchmarking
6.4.2.4 Strategic initiatives
6.4.2.5 SWOT analysis
6.4.3 Sunrise Senior Living, LLC
6.4.3.1 Company overview
6.4.3.2 Financial performance
6.4.3.3 Service benchmarking
6.4.3.4 Strategic initiatives
6.4.3.5 SWOT analysis
6.4.4 National HealthCare Corporation
6.4.4.1 Company overview
6.4.4.2 Financial performance
6.4.4.3 Service benchmarking
6.4.4.4 Strategic initiatives
6.4.4.5 SWOT analysis
6.4.5 Brookdale Senior Living Inc.
6.4.5.1 Company overview
6.4.5.2 Financial performance
6.4.5.3 Service benchmarking
6.4.5.4 Strategic initiatives
6.4.5.5 SWOT analysis
6.4.6 Capital Senior Living Corporation
6.4.6.1 Company overview
6.4.6.2 Financial performance
6.4.6.3 Service benchmarking
6.4.6.4 Strategic initiatives
6.4.6.5 SWOT analysis
6.4.7 Home Instead, Inc.
6.4.7.1 Company overview
6.4.7.2 Financial performance
6.4.7.3 Service benchmarking
6.4.7.4 Strategic initiatives
6.4.8 Genesis HealthCare
6.4.8.1 Company overview
6.4.8.2 Financial performance
6.4.8.3 Service benchmarking
6.4.8.4 Strategic initiatives
6.4.8.5 SWOT analysis
6.4.9 Diversicare Healthcare Services, Inc.
6.4.9.1 Company overview
6.4.9.2 Financial performance
6.4.9.3 Service benchmarking
6.4.9.4 Strategic initiatives
6.4.9.5 SWOT analysis
6.4.10 LHC Group, Inc.
6.4.10.1 Company overview
6.4.10.2 Financial performance
6.4.10.3 Service benchmarking
6.4.10.4 Strategic initiatives
6.4.10.5 SWOT analysis

Companies Mentioned

  • Kindred Healthcare, LLC
  • Amedisys, Inc.
  • Sunrise Senior Living, LLC
  • National Healthcare Corporation
  • Brookdale Senior Living Inc.
  • Capital Senior Living Corporation
  • Home Instead, Inc.
  • Genesis Healthcare
  • Diversicare Healthcare Services, Inc.
  • Lhc Group, Inc.

Methodology

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