Nursing Care Facilities in the US - Market Research Report (2014-2029)

Helping hand: Favorable demographic trends are expected to outweigh potential impediments to growth, with industry revenue likely to increase

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.

Revenue for nursing care facilities has grown at a CAGR of 1.0% to $152.3 billion over the past five years. Revenue has fluctuated during the outbreak and recovery period of the COVID-19 pandemic, which spurred a need for industry services. The number of adults aged 65 and older has been increasing consistently for the past two decades. The aging population should steady revenue growth, with revenue increasing 0.1% in 2023.

This industry provides living quarters, inpatient nursing and rehabilitation services for people with a chronic illness or disability. 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.