Summary

U.S. Skilled Nursing Facility And Rehabilitation Market Growth & Trends

The U.S. skilled nursing facility and rehabilitation market size is expected to reach USD 281.6 billion by 2028, expanding at a CAGR of 3.4%, according to a new report by Grand View Research, Inc. 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 2019, 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.

To cope with the COVID-19 situation, in November 2020, the Centers for Medicare and Medicaid Services released guidelines for skilled nursing facilities to help curb the spread of the novel COVID-19 infection. These measures include physical distancing (maintain a distance of 6 feet from people), wearing a face mask, and limiting the number of visitors (keeping it one at a time). Majority of these facilities were not allowed to accept new residents and did not have new revenue streams for the additional expenses associated with the virus, which had a negative impact on the sector.

U.S. Skilled Nursing Facility And Rehabilitation Market Report Highlights

• The freestanding segment dominated the market in 2020 due to its lower cost compared to the hospital-based facility. The segment is expected to continue its dominance and witness a significant growth rate over the forecast period

• Skilled nursing facilities are reimbursed by medicare part A and B resulting in more sustainability, thereby propelling the growth of the market

• The market includes small and large players, leading to higher competition among smaller players to sustain their market position. The market is quite open for new entrants due to government support and great reimbursement policies

• Mergers and acquisitions are key strategic initiatives undertaken by market players to sustain in the competitive market. For instance, in December 2020, The Ensign Group, Inc. acquired Hays Nursing and Rehabilitation Center, a 116-bed skilled nursing facility located in Texas

• To provide skilled nursing and rehabilitation service during the COVID-19 pandemic, many skilled nursing and rehabilitation facilities came up with remote programs to serve the patients remotely. For instance, Mount Sinai Health System is using MindMaze’s MindMotionGO platform, to track body movements of patients using optical motion-capture technology. It enables the therapist to monitor the motor recovery process. With the help of such technological solutions, the continuation of rehabilitation services during the pandemic is possible, while reducing the burden on hospitals and other facilities

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Table of Contents

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.1.1 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
1.9.3 Objective - 3
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.2.1 Facility Type
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 Dynamics
3.2.1 Market driver analysis
3.2.1.1 Rising geriatric population
3.2.1.2 Increasing prevalence of multiple chronic conditions
3.2.1.3 High demand for rehabilitation services
3.2.2 Market restraint analysis
3.2.2.1 High cost of services
3.2.2.2 Shortage of workforce
3.3 Penetration & Growth Prospect Mapping
3.3.1 Analysis
3.4 Business Environment Analysis Tools
3.4.1 PESTEL Analysis
3.4.1.1 Political & legal landscape
3.4.1.2 Economic and social landscape
3.4.1.3 Technology landscape
3.4.2 Porter’s five forces analysis
3.4.2.1 Competitive rivalry: High
3.4.2.2 Threat of new entrants: Moderate
3.4.2.3 Bargaining power of buyers: Moderate
3.4.2.4 Bargaining power of suppliers: Low
3.4.2.5 Threat of substitutes: Moderate
3.5 Regulatory Framework & Reimbursement Scenario
3.6 COVID-19 Pandemic Impact: Qualitative Analysis
Chapter 4 U.S. Skilled Nursing Facility & Rehabilitation Market: Facility Type Analysis
4.1 U.S. Skilled Nursing Facility & Rehabilitation Market Share Analysis, 2020 & 2028
4.2 Segment Dashboard
4.3 Market Size & Forecasts and Trend Analysis, 2016 to 2027 for the Facility Type
4.3.1 Freestanding
4.3.1.1 Freestanding market, 2016 - 2028 (USD Billion)
4.3.2 Hospital
4.3.2.1 Hospital market, 2016 - 2028 (USD Billion)
Chapter 5 Competitive Analysis
5.1 Recent Developments & Impact Analysis, by Key Market Participants
5.2 Competition Categorization (Key innovators, market leaders, emerging players)
5.3 Company Market Position Analysis (Geographic Presence, Service Portfolio, Employee Strength)
5.3.1 Heat map analysis
5.4 Company Profiles
5.4.1 Brookdale Senior Living Inc.
5.4.1.1 Company overview
5.4.1.2 Financial performance
5.4.1.3 Service benchmarking
5.4.1.4 Strategic initiatives
5.4.2 The Ensign Group, Inc.
5.4.2.1 Company overview
5.4.2.2 Financial performance
5.4.2.3 Service benchmarking
5.4.2.4 Strategic initiatives
5.4.3 Genesis HealthCare, Inc.
5.4.3.1 Company overview
5.4.3.2 Financial performance
5.4.3.3 Service benchmarking
5.4.3.4 Strategic initiatives
5.4.4 Extendicare
5.4.4.1 Company overview
5.4.4.2 Financial performance
5.4.4.3 Service benchmarking
5.4.5 Sunrise Senior Living, LLC
5.4.5.1 Company overview
5.4.5.2 Financial performance
5.4.5.3 Service benchmarking
5.4.5.4 Strategic initiatives
5.4.6 ProMedica
5.4.6.1 Company overview
5.4.6.2 Financial performance
5.4.6.3 Service benchmarking
5.4.6.4 Strategic initiatives
5.4.7 Golden Living Centers
5.4.7.1 Company overview
5.4.7.2 Financial performance
5.4.7.3 Service benchmarking
5.4.7.4 Strategic initiatives
5.4.8 Life Care Centers of America
5.4.8.1 Company overview
5.4.8.2 Financial performance
5.4.8.3 Service benchmarking
5.4.8.4 Strategic initiatives

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 Types of rehabilitation treatment for COVID-19 symptoms
Table 5 U.S. skilled nursing facility and rehabilitation market, by type of facility, 2016 - 2028 (USD Billion)

List of Figures

Fig. 1 U.S. skilled nursing facility & rehabilitation market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value chain-based sizing & forecasting
Fig. 7 QFD modeling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 Market outlook, 2020 (USD Billion)
Fig. 10 Market trends & outlook
Fig. 11 Market driver relevance analysis (Current & future impact)
Fig. 12 Market restraint relevance analysis (Current & future impact)
Fig. 13 Penetration & growth prospect mapping
Fig. 14 U.S. skilled nursing facility & rehabilitation market: Facility Type movement analysis, 2020 & 2028 (USD Billion)
Fig. 15 U.S skilled nursing facilities & rehabilitation facility type market: Segment dashboard
Fig. 16 Freestanding market, 2016 - 2028 (USD Billion)
Fig. 17 Hospital market, 2016 - 2028 (USD Billion)
Fig. 18 Impact analysis by key market participants
Fig. 19 Competition categorization
Fig. 20 Company market position analysis