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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 | Oct 2015

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

IBISWorld’s Nursing Care Facilities market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$130bn
Annual Growth 10-15
2.2%
Annual Growth 15-20
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Profit
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Employment
1,792,855
Businesses
8,677
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 2020, the industry is expected to continue expanding. Continued aging of the population, which is expected to accelerate over the next five-year period, will drive industry growth... purchase to read more

Industry Report - Industry Products Chapter

Nursing facilities provide short-stay patients and long-stay residents with a full range of services in addition to basic skilled nursing and custodial care. Facilities typically supply rooms, meals, social activities, personal care, 24-hour nursing supervision and access to medical services when needed. In addition, most nursing facilities offer interim medical care (after a hospital stay) and respite care (short-term relief for those who are caring for family members).

Selected services provided to nursing home residents are delivered through formal contracts with outside providers... 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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