GLOBAL SKILLED NURSING FACILITY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global skilled nursing facility market is estimated to be valued at USD 380.11 Bn in 2024 and is expected to exhibit a CAGR of 8.9% during the forecast period (2024-2031). The skilled nursing facility market has seen steady growth in recent years. As the population continues to age globally, the demand for long-term care and rehabilitation services for seniors and people with disabilities has increased substantially. Skilled nursing facilities, also known as nursing homes or care homes, provide various health care services to those who require assistance with daily activities or have complex medical needs that cannot be addressed at home. These facilities house residents for either short or long-term stays and employ medical professionals like physicians, nurses, and therapists to care for patients. With rising life expectancies and the growing number of aging baby boomers worldwide, the demand for skilled nursing facilities and associated services is expected to continue climbing in the coming decades.

Market Dynamics:

The skilled nursing facility market is driven by factors such as the aging population demographic globally, rising prevalence of chronic diseases requiring long-term care, higher rates of disability among the elderly, development of specialized facility services, and growing willingness to pay for quality care. However, constraints, such as high costs of nursing home care, shortage of skilled nursing professionals, and stringent regulatory policies, challenge the market growth. Opportunities for market expansion lie in areas like home healthcare services, technologically-advanced equipment and monitoring solutions, and customized care packages tailored to patient preferences. The COVID-19 pandemic emphasized the crucial role of skilled nursing facilities as frontline responders while also posing operational and financial challenges through increased costs and restrictive policies.

Key Features of the Study:

• This report provides an in-depth analysis of the global skilled nursing facility market, and provides market size (USD BN) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global skilled nursing facility market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study includes Consulate Health Care, Atria senior living, HCR ManorCare, The Riverview Care Center, Kindred Healthcare, LLC, ProMedica Senior Care, Erickson Living, Ensign Group, Fundamental healthcare, Signature healthcare, Genesis HealthCare, Life Care Centers of America, Trilogy Health Services LLC, Saber Healthcare Group, Providence Group, and Life Care Services.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global skilled nursing facility market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global skilled nursing facility market.

Detailed Segmentation-

• Facility Type:
  • Hospital 
  • Freestanding
• Ownership:
  • Government
  • Profit
  • Non-Profit
• Service Offered:
  • Physical Therapy 
  • Occupational Therapy
  • Speech-language Pathology Services
  • Medical Social Services
  • Others
• Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • Consulate Health Care
  • Atria senior living
  • HCR ManorCare
  • The Riverview Care Center
  • Kindred Healthcare, LLC
  • ProMedica Senior Care
  • Erickson Living
  • Ensign Group
  • Fundamental healthcare
  • Signature healthcare
  • Genesis HealthCare
  • Life Care Centers of America
  • Trilogy Health Services LLC
  • Saber Healthcare Group
  • Providence Group
  • Life Care Services