In 2023, the gross output of nursing and community care facilities in the US stood at $219.6 billion. By 2024, forecasts predict this figure to rise to $223.45 billion. From 2024 to 2028, a gradual year-on-year growth is anticipated, with the output reaching $238.79 billion by 2028. The compound annual growth rate (CAGR) over this five-year period is estimated at 1.67%, indicating steady growth in the sector.

Future trends to watch for:

Increasing demand due to the aging population might lead to an expansion in service offerings and innovations in elder care.
Technological advancements, particularly in telehealth and remote monitoring, may streamline operations and enhance service delivery.
Regulatory changes and funding shifts could impact financial forecasts and operational strategies.