US Skilled Nursing Market Analysis

$3,500.00$7,500.00

  • Type: Service area
  • Published : December 2021
  • Region: North America
  • Country: US
  • Report ID : 4986

  • Format: PPT, PDF

US Skilled Nursing Market: Segmented by Product, Procedure, Application and End Users – Growth, Market Size, Future Prospects & Competitive Analysis, 2020 – 2028

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Report Description of the US Skilled Nursing Market

Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Research Objective:

  • To analyze and forecast the market size of US Skilled Nursing market
  • To classify and forecast US Skilled Nursing market based on application, drugs, project type, and application.
  • To identify drivers and challenges for US Skilled Nursing market
  • To examine competitive developments such as mergers and acquisitions, agreements, collaborations and partnerships, etc., in US Skilled Nursing market
  • To conduct pricing analysis for US Skilled Nursing market
  • To identify and analyze the profile of leading players operating in US Skilled Nursing market

Reason to Buy the Report:

  • Facilitate decision-making based on strong current and forecast data for US skilled nursing market
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the US skilled nursing market
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

US Skilled Nursing Market Executive Summary

The US skilled nursing facility market size was estimated at USD 217.6 billion in 2020. Skilled nursing facilities (SNFs) provide high-quality care services at a much lower cost as compared to hospitals, generating tremendous demand among investors. The growing incidence of chronic diseases in the US, along with a large aging population base, is fuelling the market growth. According to the American Heart Association, about 83.6 million adults in the US suffer from one or more types of cardiovascular diseases, of which, about 42.2 million adults are estimated to be more than 60 years of age. US market is mostly driven by for-profit facilities, also more than 90% of overall skilled nursing facilities are dually Medicare and Medicaid certified

Market Size and Key Findings

The US skilled nursing market size is at around USD 71.6 billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period

The growing incidences of chronic conditions such as diabetes, paralysis, and hypertension and the rising geriatric population are factors expected to fuel the market over the next few years. In few years, the geriatric population over 65 has increased up to 9.0% out of which 14.3 majorities of adults above the age of 65 years suffered from chronic disease and need these facilities. Medicare and Medicaid availability and the growing technologies will play a driving role for the market in the coming years

Market Dynamics

Market Growth Drivers Analysis

Increasing Incidences of Various Chronic Diseases, aging population and Health awareness will drive demand for the SNF industry. Also, the Shift to value-based care, will continue to benefit low-cost, high-quality settings. Furthermore, Technological Developments, Health Insurance Reforms and Changes in Social Patterns are eventually helping the market to grow.

Market Restraint

Despite several drivers, high costs of skilled nursing care services, along with low acceptance of these services hinders the growth of SNF adoption and market growth to certain extent. Moreover, the institution of joint family, on the other hand, along with social stigma regarding nursing homes are some of the major challenges faced by the global skilled nursing care services market.

COVID-19 impact on “US Skilled Nursing”

Industry facilities have been ravaged by the virus, as patients are typically elderly and often have underlying conditions. As a result, the Centres for Disease Control and Prevention has instituted extensive new rules for nursing homes. Revenue for the Nursing Care Facilities industry is expected to have fallen only slightly in 2020 amid the global COVID-19 (coronavirus) pandemic with the infusion of USD 4.9 billion in relief funds directly to skilled nursing facilities. The economic fallout associated with the pandemic is expected to make it more difficult for consumers to afford industry services as unemployment spikes and disposable incomes fall

Competitive Landscape

Key Players

The “US Skilled Nursing” study report will provide valuable insights with an emphasis on the US market including some of the key market players such as Brookedale senior living, SavaSeniorCare, Sunrise senior living, En Sign group, HCR Manor care, and Extendicare

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and revenue analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players

Notable Recent Deals

Some Acquisition and Partnership deals are:

  1. Ensign Group, Inc acquired Tempe Post Acute, a 62-bed skilled nursing facility and Desert Marigold Senior Living of Tempe a senior living center with 72 assisted living beds and 90 independent living units; through the acquisitions Ensign expands its presence in Arizona
  2. Symphony Care Network took over three skilled nursing and assisted living properties from Caretel Inns in Michigan Caretel Inns of Tri-Cities, Caretel Inns of Linden, and Applewood Nursing Center to operate as Symphony Tri-Cities, Symphony Linden, and Symphony Applewood, respectively
  3. Generations Healthcare acquired Bradley Court with the acquisition Generations Healthcare broadens its ability to bring state-of-the-art skilled nursing to those most in need in the San Diego area

Healthcare Policies and Regulatory Landscape

Policy Changes and Reimbursement Scenario

According to the Medicare Payment Policy, the availability of reimbursement and favorable investment returns are boosting the growth of the market. More than 90% of SNFs are dually certified and Medicare covers 100 days of SNF care after an inpatient hospital stay of at least three days

Reimbursement rate pressures or the introduction of new payment systems are also impacting the market. The Centers for Medicare & Medicaid Services (CMS) implemented the Patient-Driven Payment Model (PDPM), a new system for categorizing SNF patients in a Medicare Part A stay. This new system is anticipated to decrease the emphasis on the volume of services and administrative burdens

1. Report Description of the US Skilled Nursing Market……………………………..
1.1 Research Scope and Assumption
1.2 Objective of the Study
1.3 Research Methodology
1.4 Reason to Buy the Report
2. US Skilled Nursing Market Executive Summary………………………
2.1 US Skilled Nursing – Industry Snapshot & Key Buying Criteria, 2020-2028
2.2 Market Size, Growth Prospects and Key findings
3. Market Dynamics of US Skilled Nursing Market……………………
3.1 Market Growth Drivers Analysis
3.1.1 Increasing Various Chronic Diseases
3.1.2 Increase in Technological Developments
3.2 Market Restraints Analysis
3.2.1 High Costs of Skilled Nursing Care Service
3.2.2 Social Stigma Regarding Nursing Homes
3.3 Covid-19 Market Impact Analysis
4. US Skilled Nursing Market Segmentation………………………………………
4.1 By Facility Analysis:
4.1.1 Freestanding segment
4.1.2 Hospital
4.2 By Ownership Analysis:
4.2.1 For Profit Facilities
4.2.2 For Non-Profit Facilities
4.2.3 Government Facilities
4.3 For Service Analysis:
4.3.1 Hospice
4.3.2 Home Healthcare
4.3.3 Assisted Living Facility
4.3.4 Skilled Nursing Facility
5. Skilled Nursing in US Products Market Share………………………………………
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
6.1 Major Top Market Players
6.2 R&D Initiatives in US Skilled Nursing Market
6.3 Notable recent deals in US Skilled Nursing Market
6.3.1 Joint Ventures
6.3.2 Partnerships
6.3.3 Mergers & Acquisitions
6.3.4 Strategic Divestments
7. Key Company Profiles………………………………………………………………….
7.1 Brookedale Senior Living Company Overview
Product & Services, Strategies & Financials
7.2 SavaSeniorCare Company Overview
Product & Services, Strategies & Financials
7.3 Sunrise Senior Living Company Overview
Product & Services, Strategies & Financials
7.4 En Sign Group Overview
Product & Services, Strategies & Financials
7.5 HCR Manor care Overview
Product & Services, Strategies & Financials
7.6 Extendicare Overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape……………………………………
8.1 Policy Changes and Reimbursement Scenario
8.2 Government Initiatives / Intervention Programs
9. Factors Driving Future Growth…………………………………………………………
9.1 New Trends and Development of US Skilled Nursing Market
9.2 Future Opportunities
10. Strategic Recommendations

US Skilled Nursing Segmentation

By Facility:

Below mentioned two facilities are the pillars of US skilled nursing market which are widely used:

  • Freestanding segment
  • Hospital

By Ownership:

  • For-profit facilities
  • Non-profit facilities
  • Government facilities

From the above-mentioned, for-profit facilities account for the largest share and is expected to emerge as the fastest-growing segment over the forecast period

By Service Type:

  • Hospice
  • Home Healthcare
  • Assisted Living Facility
  • Skilled Nursing Facility

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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