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Nursing Care Facilities in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Nursing Care Facilities Market Research Report | NAICS 62311 | Mar 2016

Growing pains: Despite increased demand, lower reimbursements may limit industry growth

The Nursing Care Facilities market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$132bn
Annual Growth 11-16
2.3%
Annual Growth 16-21
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Profit
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Employment
1,775,943
Businesses
24,115
Industry Analysis & Industry Trends

Due to the necessary nature of services provided by nursing care facilities, the industry was able to grow despite broad economic stagnation. Additionally, the continued aging of the population has spurred demand for industry services. Since the elderly are more prone to injury and illness, and therefore require more assistance with daily activities, the larger share of senior adults has propelled demand for nursing care facilities. Despite favorable demographic trends, unsatisfactory government funding has hindered industry growth. Over the five years to 2021, the industry is expected to continue expanding. Continued aging of the population, which is expected to accelerate over the five-year period, will drive industry growth... purchase to read more

Industry Report - Industry Analysis Chapter

The Nursing Care Facilities industry has remodeled itself to accommodate unstable reimbursement rates, costly professional insurance and a changing healthcare landscape. This adaptability has shielded the industry, with revenue rising over the current five-year period. The aging of the population has fueled growth over this period as the baby boomer generation approaches retirement age, swelling the size of the population aged 65 years and older. Despite this favorable demographic trend, decreasing Medicare and Medicaid reimbursement levels have forced industry operators to make adjustments. Companies have adopted progressive acquisition strategies and made use of cost mitigation techniques in an effort to boost occupancy rates while maintaining profitability... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Nursing Care Facilities Industry?

This industry provides living quarters, inpatient nursing and rehabilitation services for people with a chronic illness or disability. The 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.

Industry Products
For-profit nursing homesNonprofit nursing homesGovernment nursing homes and skilled nursing facilitiesFor-profit skilled nursing facilitiesNonprofit skilled nursing facilitiesHospice centers
 
Industry Activities
Operating convalescent homes or convalescent hospitals (except psychiatric)Operating group homes with nursing care for the disabled Operating homes with nursing care for the aged Operating inpatient-care hospicesOperating nursing homesOperating rest homes with nursing careOperating retirement homes with nursing careOperating skilled nursing facilities


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