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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 | Jan 2015

Coming of age: The older population will spur demand, but lower reimbursements will limit 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
$135bn
Annual Growth 10-15
2.9%
Annual Growth 15-20
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Profit
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Employment
1,857,893
Businesses
8,777
Industry Analysis & Industry Trends

Due to the vital role of the Nursing Care Facilities industry, revenue expanded over the past five years despite broad economic stagnation. The aging of the American population as the baby boomer generation enters retirement age has spurred demand for industry services. Despite this favorable demographic trend, declining reimbursements from Medicare and Medicaid have hindered growth, as have federal policies aimed at shifting care for the elderly from nursing homes within the industry to at-home managed care and community care services. These trends are expected to continue over the next five years, and industry operators will likely revise their business models in response to regulatory changes and cost pressures... purchase to read more

Industry Report - Starting a New Business Chapter

The Nursing Care Facilities industry has moderate barriers to entry, particularly in states with no certificate of need (CON) regulation. A CON is a legal document required in many states before proposed acquisitions, expansions, or creations of facilities are allowed. CONs are necessary for the construction of a medical facility in 36 states and are issued by state healthcare agencies. Operators must also adhere to other federal, state and local government laws and regulations, which can be extensive, when establishing and operating facilities. For instance, facilities must be accredited and licensed. Many states have imposed moratoria on new nursing homes beds.

Aside from regulation, barriers to entry are low... 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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