The U.S. skilled nursing facility devices market is expected to reach USD 1.91 billion by 2030, registering a CAGR of 6.8% from 2024 to 2030. The growing senior demographic necessitates enhanced medical devices to meet complex care needs, while innovations such as smart beds and remote monitoring systems are improving patient management and outcomes. For instance, the Hillrom ReadyConnect System offers a dependable wireless link between the Centrella Smart+ Bed and Nurse Call, ensuring ease of use, reducing floor clutter, and enabling quicker data transmission.
The rising aging population and the need for long-term care for older adults requiring specialized medical attention and daily assistance drive the market growth. Advances in medical technology are improving the quality of care in skilled nursing facilities and enhancing patient outcomes and satisfaction. The increasing prevalence of chronic diseases, such as cancer, projected by the WHO to rise from 20 million cases in 2022 to over 35 million by 2050, further drives the demand for skilled nursing services. In addition, evolving healthcare policies and regulations enhance reimbursement models and facility standards, contributing to industry growth.
The growing demand for personalized care in the U.S. healthcare system also drives the market. Patients and their families increasingly seek facilities that offer tailored treatment plans and specialized services to meet their unique needs. Skilled nursing facilities are responding to this demand by investing in devices and technologies that enable them to provide more personalized care, such as assistive devices for mobility, rehabilitation equipment, and monitoring systems. This focus on customized care is expected to continue driving the market growth in the coming years.
The rising aging population and the need for long-term care for older adults requiring specialized medical attention and daily assistance drive the market growth. Advances in medical technology are improving the quality of care in skilled nursing facilities and enhancing patient outcomes and satisfaction. The increasing prevalence of chronic diseases, such as cancer, projected by the WHO to rise from 20 million cases in 2022 to over 35 million by 2050, further drives the demand for skilled nursing services. In addition, evolving healthcare policies and regulations enhance reimbursement models and facility standards, contributing to industry growth.
The growing demand for personalized care in the U.S. healthcare system also drives the market. Patients and their families increasingly seek facilities that offer tailored treatment plans and specialized services to meet their unique needs. Skilled nursing facilities are responding to this demand by investing in devices and technologies that enable them to provide more personalized care, such as assistive devices for mobility, rehabilitation equipment, and monitoring systems. This focus on customized care is expected to continue driving the market growth in the coming years.
U.S. Skilled Nursing Facility Devices Market Report Highlights
- Based on type, the medical bed frames segment held the largest market share in 2023. This can be attributed to the growing number of elderly individuals, which leads to a rise in the demand for specialized beds
- Some prominent players in the market include Invacare Corporation, Drive DeVilbiss Healthcare (Medical Depot, Inc.), Medline Industries, LP., Guldmann Inc., Hill-Rom Holdings, Inc. (Baxter), Direct Supply, Inc., Joerns Healthcare, Savaria, McKesson Medical-Surgical Inc., and Arjo
- For instance, in January 2023, Genesis Healthcare Inc. announced plans to expand its operations by adding 34 new nursing homes in Pennsylvania and the 15 facilities it currently operates in the state
The leading players in the U.S. Skilled Nursing Facility Devices market include:
- Invacare Corporation
- Drive DeVilbiss Healthcare (Medical Depot, Inc.)
- Medline Industries, LP.
- Guldmann Inc.
- Hill-Rom Holdings, Inc. (Baxter)
- Direct Supply, Inc.
- Joerns Healthcare
- Savaria
- McKesson Medical-Surgical Inc.
- Arjo
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, & Scope
Chapter 4. Type Business Analysis
Chapter 5. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
The leading players in the U.S. Skilled Nursing Facility Devices market include:- Invacare Corporation
- Drive DeVilbiss Healthcare (Medical Depot, Inc.)
- Medline Industries, LP.
- Guldmann Inc.
- Hill-Rom Holdings, Inc. (Baxter)
- Direct Supply, Inc.
- Joerns Healthcare
- Savaria
- McKesson Medical-Surgical Inc.
- Arjo
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.22 Billion |
| Forecasted Market Value ( USD | $ 1.91 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | United States |
| No. of Companies Mentioned | 11 |
