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Nursing Care Facilities in the US - Industry Market Research Report

  • November 2016
  • -
  • Ibisworld
  • -
  • 43 pages

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Growing pains: Despite increased demand, lower reimbursements may limit industry growth



Abstract

Nursing Care Facilities in the US

Over the five years to 2016, the Nursing Care Facilities industry is expected to grow despite broad economic stagnation, due to the necessary nature of services provided by nursing care facilities. Additionally, the continued aging of the population has spurred demand for industry services. Over the five years to 2021, the industry is expected to continue expanding. Continued aging of the population, which is expected to accelerate over the next five-year period, will drive industry growth. Nonetheless, revenue growth will be partially offset by regulatory changes favoring at-home managed care in an effort to curtail ballooning healthcare spending, as well as continued reductions in Medicare and Medicaid reimbursements.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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