Healthy hearts: As Texas' population grows older, industry demand will increase

The Nursing Care Facilities industry in Texas has fared well over the five years to 2017, outpacing growth at the national level. In addition to the necessary nature of nursing care, the burgeoning population of aging Texans has primarily driven industry growth. Industry operators depend on funding from government programs because they generate the vast majority of their revenue from Medicare and Medicaid payments. To stay ahead of competition, industry operators will increasingly offer specialized services, such as dementia care. Over the five years to 2022, the industry is projected to experience healthy and steady growth, with industry revenue increasing...read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 12-17
3.9%
Forecast Growth 17-22
Profit
Employment
118,871
Businesses
3,132
What Our Customers Say

Industry Threats & Opportunities

  • Industry operators will increasingly offer specialized services, such as dementia care
  • Slashed funding for Medicare-funded nursing facilities results in less industry profitability
  • Rising disposable income will provide households with more resources, driving industry demand
  • Industry Report - Industry Locations Chapter

    The distribution of nursing care facilities in Texas largely follows population trends, primarily the population of Texans aged 65 and older. Other factors that influence the geographic spread of industry operators include the level of urbanization, the presence of alternative sources of care (e.g. community-based care) and sources of referrals. Therefore, most nursing care facilities are concentrated in densely populated regions, such as the North, Gulf, East and Central regions. The North region alone is home to 25.0% of total industry establishments, followed by Gulf (14.6%), East (14.3%) and Central (13.9%)...purchase to read more.

    Additional Insights for the Nursing Care Facilities in Texas Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Nursing Care Facilities in Texas Industry are

  • Access to highly skilled workforce
  • Effective quality control
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Medicaid and Number of adults aged 65 and older in Texas in the Nursing Care Facilities in Texas industry impact industry performance..

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    What is the Nursing Care Facilities in Texas Industry?

    This industry provides living quarters, inpatient nursing and rehabilitation services for people with a chronic illness or disability. 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 homes
  • Nonprofit nursing homes
  • Government nursing homes and skilled nursing facilities
  • For-profit skilled nursing facilities
  • Nonprofit skilled nursing facilities
  • Hospice 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 elderly
  • Operating inpatient-care hospices
  • Operating nursing homes
  • Operating rest homes with nursing care
  • Operating retirement homes with nursing care
  • Operating skilled nursing facilities
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older in Texas
  • Number of people with private health insurance in Texas
  • Per capita disposable income in Texas

  • Current Performance
  • Demand is on the upswing
  • Navigating through the headwinds
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Favorable demographic trends
  • Adjusting for new changes
  • Table: Nursing Care Facilities in Texas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Nursing Care Facilities in Texas Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Health & Welfare Funds
  • Primary Care Doctors
  • Specialist Doctors
  • Hospitals
  • Consumers

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Commercial Leasing
  • Drug, Cosmetic & Toiletry Wholesaling
  • Employment & Recruiting Agencies
  • Generic Pharmaceutical Manufacturing
  • Grocery Wholesaling
  • Medical Instrument & Supply Manufacturing
  • Medical Supplies Wholesaling

  • Products & Services
  • For-profit skilled nursing facilities
  • For-profit nursing homes
  • Nonprofit skilled nursing facilities
  • Nonprofit nursing homes
  • Government nursing homes and skilled nursing facilities
  • Hospice centers
  • Chart: Nursing Care Facilities in Texas Industry Products and Services Segmentation

  • Major Markets
  • Individuals aged 85 to 94
  • Individuals aged 75 to 84
  • Individuals aged 65 to 74
  • Individuals aged 31 to 64
  • Individuals aged 95 and older
  • Individuals aged 22 to 30
  • Individuals aged 21 and younger
  • Chart: Major Market Segmentation for the Nursing Care Facilities in Texas Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Nursing Care Facilities in Texas

  • Basis of Competition
  • External Competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Nursing Care Facilities in Texas Industry

  • Creative Solutions in HealthcareGenesis HealthCare CorporationHCR ManorCareKindred Healthcare Inc.StoneGate Senior Living LLC
  • Table: Creative Solutions in Healthcare - financial performance
  • Table: Genesis HealthCare Corporation - financial performance
  • Table: HCR ManorCare - financial performance
  • Table: Kindred Healthcare Inc. - financial performance
  • Table: StoneGate Senior Living LLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Nursing Care Facilities in Texas Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Nursing Care Facilities in Texas Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • No. of senior adults aged 65 and older in Texas (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Activities Of Daily Living (Adl)
  • Day-to-day tasks, such as preparing meals, shopping, managing money, taking medication and housekeeping.
  • Acuity
  • The measurement of the types of disorders, their severity and the intensity of the symptoms.
  • Home Healthcare
  • Medical and nursing services that are provided in a person's home by a licensed provider.
  • Hospice Care
  • Care and comfort provided to patients with a terminal illness and their families, which may include medical care, counseling and social services.
  • Long-Term Care
  • Care for a chronic condition, trauma, or illness that limits a person's ability to carry out basic self-care tasks, called activities of daily living (ADLs).
  • Medicare And Medicaid
  • Cost coverage programs. Medicare pays all or part of a stay following hospitalization of at least three days; Medicaid covers a stay of any length for individuals who meet income requirements.
  • Respite Care
  • Temporary relief for caregivers, ranging from several hours to several days, which may be provided in home or in a residential care setting, such as an assisted-living facility or nursing home.
  • Why buy this report?

    IBISWorld’s industry research report on Nursing Care Facilities in Texas provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Nursing Care Facilities in Texas:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Nursing Care Facilities in Texas market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Nursing Care Facilities in Texas, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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