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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 2014

Coming of age: The older population will spur demand, but lower reimbursements will limit growth

IBISWorld’s Nursing Care Facilities market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$127bn
Annual Growth 09-14
2.9%
Annual Growth 14-19
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Profit
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Employment
1,805,107
Businesses
8,937
Industry Analysis & Industry Trends

Although revenue dropped during the recession, an aging population will increase demand for industry services. However, recent legislation will likely influence consumers to use at-home nursing care to reduce costs. In addition, decreasing Medicaid and Medicare reimbursement rates and tougher pricing negotiation from private insurance companies may hamper profitability over the next five years. To stay afloat, operators will diversify services to attract customers and buoy profit margins... purchase to read more

Industry Report - Industry Analysis Chapter

The Nursing Care Facilities industry has remodeled itself to accommodate a tough economy, unstable reimbursement rates and costly professional insurance. This adaptability has shielded the industry from the economic downturn, with industry revenue rising every year since 2007. 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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