U.S. Skilled Nursing Facility Market Size, Share & Trends Analysis Report By Ownership (For-Profit, Non-Profit, Government), By Type (Freestanding, Hospital), And Segment Forecasts, 2019 - 2026

Published: Nov, 2019 | Pages: 100 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The U.S. skilled nursing facility market size is expected to reach USD 276.8 billion by 2026, according to a new report by Grand View Research, Inc., registering a 5.8% CAGR over the forecast period. Growing aging population with increasing care needs and rising prevalence of chronic diseases in the country will propel the need for skilled nursing facilities (SNFs). In addition, lower costs of SNF as compared to hospitals will drive the market. SNFs cover numerous aspects such as therapy, mental health services, special dietary needs, hygiene items, recreational activities, and housekeeping.

Favorable reimbursement scenario is a crucial factor propelling market growth in the country. For instance, Medicare Part A covers skilled nursing care services in essential conditions for a reduced time period. Medicare-covered services include physical therapy, occupational therapy, medical social services, medications, dietary counselling, skilled nursing care, semi-private room, meals, and ambulance transportation.

Competition in the market is very high, with major participants being Brookdale Senior Living Solutions; Genesis HealthCare; and The Ensign Group, Inc. Typical barriers in the industry for new entrants include strict regulations and licensing hassles. Furthermore, rise in the costs of utilities, food, real estate taxes, and insurance could negatively affect the market.

Strategic initiatives undertaken by various market players are also expected to help maintain its growth in the following years. For instance, in May 2019, the Ensign Group, Inc. acquired 4 skilled nursing facilities in California - The Hills Post Acute (172 skilled nursing beds), Villa Maria Post Acute (78 beds), St. Elizabeth Healthcare and Rehabilitation (59 beds), and Mainplace Post-Acute (163 beds).

Further key findings from the report suggest:

• By type of facility, freestanding held the maximum share in 2018 and is estimated to be the fastest growing segment in the U.S. skilled nursing facility (SNFs) market. This can be attributed to lower cost of care and increased Medicare payments

• Based on ownership, for-profit facilities dominated the market due to increased acquisition and delivery of high-quality care while ensuring financial viability

• Strategic initiatives undertaken by various market players are expected to help maintain its growth in the following years

• Some of the key market players are Brookdale Senior Living Solutions; Genesis HealthCare; The Ensign Group, Inc.; EXTENDICARE; Sunrise Senior Living, LLC; Life Care Services; HCR ManorCare; Golden LivingCenters; Life Care Centers of America Corporate; and SavaSeniorCare Administrative Services LLC.

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Market Segmentation & Scope
                       1.1.1 Type Of Facility
                       1.1.2 Ownership
                       1.1.3 Estimates And Forecast Timeline
                   1.2 Research Methodology
                   1.3 Information Procurement
                       1.3.1 Purchased Database
                       1.3.2 Gvr's Internal Database
                       1.3.3 Secondary Sources
                       1.3.4 Primary Research
                   1.4 Information or Data Analysis
                   1.5 Market Formulation & Validation
                   1.6 Model Details
                       1.6.1 Commodity Flow Analysis
                       1.6.2 Volume Price Analysis
                   1.7 List of Secondary Sources
                   1.8 List of Abbreviations
                   1.9 Objectives
                       1.9.1 Objective - 1
                       1.9.2 Objective - 2
Chapter 2 Executive Summary
                   2.1 Market Outlook
                   2.2 Segment Outlook
                       2.2.1 Type
                       2.2.2 Ownership
                   2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
                   3.1 Market Lineage Outlook
                       3.1.1 Parent Market Outlook
                       3.1.2 Related/Ancillary Market Outlook
                   3.2 Market Segmentation
                   3.3 Penetration & Growth Prospect Mapping
                       3.3.1 Analysis
                   3.4 Market Dynamics
                       3.4.1 Market Driver Analysis
                           3.4.1.1 Rising geriatric population
                           3.4.1.2 Increasing prevalence of multiple chronic conditions
                       3.4.2 Market Restraint Analysis
                           3.4.2.1 Regulatory compliance
                           3.4.2.2 Inadequate workforce
                   3.5 Business Environment Analysis Tools
                       3.5.1 Pestel Analysis
                   3.6 Porter's Five Forces Analysis
                       3.6.1 Porter's Five Forces Analysis
                   3.7 Regulatory Framework & Reimbursement: U.S. Skilled Nursing Facility Market, 2018
                       3.7.1 Regulatory Framework
                       3.7.2 Reimbursement Scenario
Chapter 4 U.S. Skilled Nursing Facility Market: Type Analysis
                   4.1 U.S. Skilled Nursing Facility Market Share Analysis, 2018 & 2026
                   4.2 Segment Dashboard
                   4.3 U.S. Skilled Nursing Facility Market, 2018 to 2026
                   4.4 Market Size & Forecasts and Trend Analysis, 2015 to 2026 for the Skilled Nursing Facility Type
                       4.4.1 Freestanding
                           4.4.1.1 Freestanding market, 2015 - 2026 (USD Million)
                       4.4.2 Hospital
                           4.4.2.1 Hospital market, 2015 - 2026 (USD Million)
Chapter 5 U.S. Skilled Nursing Facility Market: Ownership Analysis
                   5.1 U.S. Skilled Nursing Facility by Type of Facility Market Share Analysis, 2018 & 2026
                   5.2 Segment Dashboard
                   5.3 Market Size & Forecasts and Trend Analysis, 2015 to 2026 for the Ownership
                       5.3.1 For-Profit Facilities
                           5.3.1.1 For-profit facilities market, 2015 - 2026 (USD Million)
                       5.3.2 Non-Profit Facilities
                           5.3.2.1 Non-profit facilities market, 2015 - 2026 (USD Million)
                       5.3.3 Government Facilities
                           5.3.3.1 Government facilities market, 2015 - 2026 (USD Million)
Chapter 6 U.S. Skilled Nursing Facility Market: Country Analysis
                   6.1 U.S. Skilled Nursing Facility Market, 2015 - 2026 (USD Million)
Chapter 7 Competitive Analysis
                   7.1 Strategic Framework
                   7.2 Vendor Landscape
                       7.2.1 Mergers & Acquisitions
                       7.2.2 Partnerships
                   7.3 Competitive Landscape: Market Position Analysis
                       7.3.1 Competitive Landscape: Market Position Analysis (Based On Commercialized Devices, Regional Presence, And Strategic Initiatives)
                   7.4 Company Profiles
                       7.4.1 Genesis HealthCare
                           7.4.1.1 Company overview
                           7.4.1.2 Financial performance
                           7.4.1.3 Product benchmarking
                           7.4.1.4 Strategic initiatives
                           7.4.1.5 SWOT analysis
                       7.4.2 Brookdale Senior Living Solutions
                           7.4.2.1 Company overview
                           7.4.2.2 financial performace
                           7.4.2.3 Product benchmarking
                           7.4.2.4 Strategic initiatives
                           7.4.2.5 SWOT analysis
                       7.4.3 The Ensign Group, Inc.
                           7.4.3.1 Company overview
                           7.4.3.2 Financial performance
                           7.4.3.3 Product benchmarking
                           7.4.3.4 Strategic initiatives
                           7.4.3.5 SWOT analysis
                       7.4.4 Extendicare
                           7.4.4.1 Company overview
                           7.4.4.2 Financial performance
                           7.4.4.3 Product benchmarking
                           7.4.4.4 Strategic initiatives
                           7.4.4.5 SWOT analysis
                       7.4.5 Sunrise Senior Living, LLC
                           7.4.5.1 Company overview
                           7.4.5.2 Product benchmarking
                           7.4.5.3 Strategic initiatives
                           7.4.5.4 SWOT analysis
                       7.4.6 Life Care Services
                           7.4.6.1 Company overview
                           7.4.6.2 Product benchmarking
                           7.4.6.3 Strategic initiatives
                           7.4.7.4 SWOT analysis
                       7.4.7 HCR ManorCare
                           7.4.7.1 Company overview
                           7.4.7.2 Product benchmarking
                           7.4.7.3 Strategic initiatives
                           7.4.7.4 SWOT analysis
                       7.4.8 Golden LivingCenters
                           7.4.8.1 Company overview
                           7.4.8.2 Product benchmarking
                           7.4.8.3 Strategic initiatives
                           7.4.8.4 SWOT analysis
                       7.4.9 Life Care Centers of America Corporate
                           7.4.9.1 Company overview
                           7.4.9.2 Product benchmarking
                           7.4.9.3 Strategic initiatives
                           7.4.9.4 SWOT analysis
                       7.4.10 SavaSeniorCare Administrative Services LLC
                           7.4.10.1 Company overview
                           7.4.10.2 Product benchmarking
                           7.4.10.3 Strategic initiatives
                           7.4.10.4 SWOT analysis

List of Tables

TABLE 1 List of secondary sources
TABLE 2 List of abbreviations
TABLE 3 Incidence of cardiovascular diseases in older Americans
TABLE 4 List of players in the U.S.
TABLE 5 U.S. skilled nursing facility market, by type of facility, 2015 - 2026 (USD Million)
TABLE 6 U.S. skilled nursing facility market, by ownership, 2015 - 2026 (USD Million)
TABLE 7 Partnerships
TABLE 8 Recent mergers & acquisitions

List of Figures

Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Market outlook
Fig. 9 U.S. skilled nursing facility market segmentation
Fig. 10 Penetration & growth prospect mapping
Fig. 11 Market trends & outlook
Fig. 12 Market driver relevance analysis (Current & future impact)
Fig. 13 Market restraint relevance analysis (Current & future impact)
Fig. 14 PESTLE analysis
Fig. 15 Porter's five forces analysis
Fig. 16 U.S. skilled nursing facility market: Type movement analysis, 2018 & 2026
Fig. 17 U.S. skilled nursing facility market type outlook: Key takeaways
Fig. 18 U.S. skilled nursing facility market, 2015 - 2026 (USD Million)
Fig. 19 Freestanding market, 2015 - 2026 (USD Million)
Fig. 20 Hospital market, 2015 - 2026 (USD Million)
Fig. 21 U.S. skilled nursing facility market: Ownership movement analysis
Fig. 22 Skilled nursing facility ownership outlook: Key takeaways
Fig. 23 For-profit facilities market, 2015 - 2026 (USD Million)
Fig. 24 Non-profit facilities market 2015 - 2026 (USD Million)
Fig. 25 Government facilities market 2015 - 2026 (USD Million)
Fig. 26 U.S. skilled nursing facility market, 2015 - 2026 (USD Million)
Fig. 27 Strategy framework
Fig. 28 Heat map analysis