Skilled Nursing Care Services Market Scope
Skilled nursing facilities offers short-term skilled nursing and rehabilitation services to beneficiaries after a stay in an acute care hospital. In future countries such as Mexico, Brazil, and Argentina will grow at a large extent over in the global skilled nursing care services market as rapidly increasing aged population in these regions. Skilled nursing care service centers cater to the needs of patients suffering from chronic conditions such as Parkinson's or Alzheimer's, as it is difficult to tend them at home.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Lincare Inc. (United States), Apria Healthcare Group Inc. (United States), Golden Living (United States), Emeritus Corporation (United States), Genesis Healthcare (United States), Sunrise Senior Living Inc. (United States), Sun Healthcare Group Inc. (United States), Gentiva (United States), Life Care Centers of America (United States) and Extendicare Inc. (Canada) |
CAGR | % |
With the changing landscape, more and more companies are going in for non-linear growth models with the help of skilled Nursing care services. To acquire high number of M&A transactions can also be seen in this industry. Increased competition leading to companies targeting only on their service. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Skilled Nursing Care Services market throughout the predicted period.
Lincare Inc. (United States), Apria Healthcare Group Inc. (United States), Golden Living (United States), Emeritus Corporation (United States), Genesis Healthcare (United States), Sunrise Senior Living Inc. (United States), Sun Healthcare Group Inc. (United States), Gentiva (United States), Life Care Centers of America (United States) and Extendicare Inc. (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Atrium Health (United States), HCR ManorCare (United States) and Brookdale Senior Living (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Skilled Nursing Care Services market by Type , by Application (Old Age People and Children) and Region with country level break-up.
On the basis of geography, the market of Skilled Nursing Care Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
In May 2019, The Ensign Group announced that it acquired the operations of four skilled nursing facilities in California. This acquisition provides Ensign’s growing portfolio to 197 skilled nursing operations, which included living operations, hospital agencies, and home care businesses.
Influencing Trend:
Value-Based Purchasing and Patient Driven Payment Model
Market Growth Drivers:
Increase in the Geriatric Population and Rise in Number of Patients Suffering from Alzheimer’s Along With High Incidence of Dementia
Challenges:
Inadequate Medicaid Reimbursement, Negative General Public Perceptions and Difficulty in Attracting and Retaining Staff
Restraints:
High Costs of Skilled Nursing Care Services and Low Acceptance of These Services
Opportunities:
Strong Opportunity in Future Due to Improve Quality of Care and Reduce Hospitalization of Residents by Increasing Nurse Staffing
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries