Comprehensive Skilled Nursing Facility Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034

How Are the key drivers contributing to the expansion of the skilled nursing facility market?
Driven by the increasing prevalence of chronic diseases, the skilled nursing facility market is projected to grow. Chronic diseases are lifelong, often irreversible conditions that are manageable but significantly impact health, disability, and medical expenses. Such diseases are prevalent due to factors like an aging population, unhealthy diets, and environmental and socioeconomic influences. Skilled nursing facilities offer specialized care and sustained assistance for individuals dealing with complex health challenges. These services make the management of chronic conditions more effective and enhance patient outcomes through committed medicinal and rehabilitative services. For instance, the National Center for Biotechnology Information (NCBI), a US-based medicine library, predicted in January 2023, an increase of 99.5% in the number of people aged 50 and above suffering from one or more chronic diseases by 2050, from 71.52 million in 2020 to 142.66 million. Consequently, the escalating prevalence of chronic illnesses is fueling the growth of the skilled nursing facility market.

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What growth opportunities are expected to drive the skilled nursing facility market's CAGR through 2034?
The market for skilled nursing facilities has experienced robust expansion in the recent past. It is projected to surge from $335.73 billion in 2024 to $364.68 billion in 2025, with a compound annual growth rate (CAGR) of 8.6%. Factors driving the growth during the historic period include the implementation of rigorous infection prevention and control protocols, increasing demand for short-term rehabilitation services, adoption of telehealth services for patient care, focus on individualized care plans, and the inclusion of mental health care in SNF provisions.

Expectations are high for the skilled nursing facility market to experience substantial expansion in the forthcoming years. There is a prediction for a rise to $500.73 billion by 2029, boasting a compound annual growth rate (CAGR) of 8.2%. The increment in its size during the predicted period can be ascribed to the swelling number of the elderly, escalating chronic conditions, adherence to emerging healthcare rules, and expanded inclination towards in-home care. The forthcoming period is set to showcase trending advancements in technology, amplified cost-beneficial treatments, enhanced access to healthcare, introductions of novel products, and groundbreaking service launches.

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What are the emerging trends shaping the future of the skilled nursing facility market?
Leading firms in the skilled nursing facility market are creating innovative technology solutions, including sensors within nursing homes, to improve patient results, increase staff productivity and maintain regulatory compliance. These sensors in nursing homes are specifically designed to track and identify various health, safety, and wellness-related conditions or activities of the residents. For example, in November 2023, MOBOTIX AG, a German firm specializing in intelligent IP video systems, teamed up with Kepler Vision Technologies, a Dutch company delivering complete software solutions, to introduce the smart sensor for hospital personnel and care facilities. Kepler's software, uniquely integrated into MOBOTIX c71 Hemispheric Indoor Camera, has the exceptional capability to accurately identify events such as falls or individuals getting out of their beds, significantly reducing incorrect alarms compared to other automated systems. It enhances care provided to the elderly, ill and those in need of nursing assistance by decreasing staff workload and improving cost effectiveness. The solution is designed with a focus on privacy as it does not store images but uses them solely for identifying critical incidents.

Which growth-oriented segments of the skilled nursing facility market are leading the industry's development?
The skilled nursing facilitymarket covered in this report is segmented -

1) By Type: Freestanding, Hospital
2) By Ownership: For Profit, Non-Profit, Government
3) By Services Type: Intensive Rehabilitation Therapy, Low And Medium Rehabilitation, Medically Complex, Other Service Types

Subsegments:
1) Freestanding: Independent Skilled Nursing Facilities, Specialty Skilled Nursing Facilities, Transitional Care Units
2) Hospital: Acute Care Hospitals with Skilled Nursing Units, Rehabilitation Hospitals, Long-Term Acute Care Hospitals

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Which region dominates the skilled nursing facility market?
North America was the largest region in the skilled nursing facility market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the skilled nursing facility market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the skilled nursing facility market?
Major companies operating in the skilled nursing facility market are Encompass Health Corporation, Genesis HealthCare Inc., Sunrise Senior Living LLC, Life Care Centers of America, The Ensign Group Inc., Brookdale Senior Living Solutions, LHC Group Inc., Saber Healthcare Group, Amedisys Inc., Sava SeniorCare LLC, Consulate Health Care, PruittHealth Corp., Signature HealthCARE LLC, National HealthCare Corporation, Extendicare, The Evangelical Lutheran Good Samaritan Society, Vibra Healthcare LLC, Diversicare Healthcare Services Inc., Trilogy Health Services LLC, ProMedica Senior Care, Life Care Companies LLC, Atrium Health & Senior Living, Golden Living, ManorCare Health Services, CommuniCare Health Centers

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What Is Covered In The Skilled Nursing Facility Global Market Report?

•Market Size Forecast: Examine the skilled nursing facility market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the skilled nursing facility market for a structured understanding.
•Key Players Overview: Analyze major players in the skilled nursing facility market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the skilled nursing facility market.
•Segment Contributions: Evaluate how different segments drive overall growth in the skilled nursing facility market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the skilled nursing facility market.
•Industry Challenges: Identify potential risks and obstacles affecting the skilled nursing facility market.
•Competitive Landscape: Review strategic developments in the skilled nursing facility market, including expansions, agreements, and new product launches.

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