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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 | Feb 2014

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

IBISWorld’s Nursing Care Facilities market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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
1,695,004
Businesses
8,813
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 Investment Chapter

Capital Intensity in the Nursing Care Facilities industry is low. The industry requires relatively high amounts of labor input and only moderate levels of capital input. For every $1.00 spent on labor, only $0.06 is spent on capital equipment. This figure has remained relatively unchanged over the past five years. Total labor costs represent about 41.1% of industry revenue. Significant levels of personal and nursing care are provided to patients. In addition, recent years have seen a rise in patient acuity, increasing the number of staff hours required per patient.

Depreciation represents about 2.5% of total revenue in the industry. Capital expenditures can be volatile and are affected by the extent to which facilities are owned (rather than rented) and levels of 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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