In 2023, the gross output of Nursing and Residential Care Facilities in the US stood at 288.93 billion USD. From 2024, the gross output forecasts begin at 294.38 billion USD, continuing a steady upward trend through 2028 where the value reaches 316.37 billion USD. The year-on-year growth rates represent a consistent incremental increase, with values climbing between 1.9% and 2.1% annually. Over the next five years, the compound annual growth rate (CAGR) is anticipated to average approximately 1.87%, indicating a stable and persistent rise in the sector's financial output.
Future trends to watch for include advancements in healthcare technology, an aging population that will likely increase demand for such facilities, and potential regulatory changes. These factors may further influence the financial performance of Nursing and Residential Care Facilities, emphasizing the need for close monitoring.