Key Factor Supporting Skilled Nursing Facility Market Development in 2025: Rising Chronic Disease Prevalence Fuels Growth In Skilled Nursing Facility Market

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How Large Will the Skilled Nursing Facility Market Size By 2025?
The market size for skilled nursing facilities has seen a significant increase over the past few years. By 2025, the size of the market is projected to reach $364.68 billion, up from $335.73 billion in 2024, representing a compound annual growth rate (CAGR) of 8.6%. This substantial growth witnessed during the historical period can be credited to the introduction of rigorous measures to prevent and control infections, an increased demand for short-term rehabilitation services, the assimilation of telehealth services for patient assistance, a focus on personalized care programs, and the incorporation of mental healthcare into services provided by skilled nursing facilities (SNFs).

How Big Is the Skilled Nursing Facility Market Size Expected to Grow by 2029?
The market size for skilled nursing facilities is anticipated to witness robust expansion in the coming years, surging to a $500.73 billion valuation by 2029 with a compound annual growth rate (CAGR) of 8.2%. This escalation during the predicted period can be linked to a rising elderly population, an increase in chronic diseases, adherence to changing healthcare norms, and a growing inclination towards home-based care. The period is expected to be defined by technological progress, enhanced economical treatments, better healthcare availability, the introduction of new offerings, and the launch of creative services.

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Which Key Market Drivers Powering Skilled Nursing Facility Market Expansion and Growth?
The escalating incidence of long-term, frequently untreatable yet controllable conditions is anticipated to spur the expansion of the skilled nursing facility market. Such chronic diseases greatly affect health, result in disability, and inflate healthcare expenditures. The increasing rate of these diseases can be attributed to factors like an aging populace, poor dietary habits, as well as environmental and socioeconomic influences. Skilled nursing facilities offer specialized attention and sustained assistance for people with intricate health concerns. This aid greatly enhances the management of chronic illnesses, and better patient results are attained via focused medical and rehabilitative services. For example, the US-based medical library National Center for Biotechnology Information (NCBI) reported in January 2023 that the population aged 50 and above suffering from one or more chronic diseases is projected to surge by 99.5% by 2050 - rising from 71.52 million in 2020 to 142.66 million. Thus, the increasing frequency of chronic diseases is fueling the growth of the skilled nursing facility market.

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Which Fast-Growing Trends Are Poised to Disrupt the Skilled Nursing Facility Market?
Leading companies in the skilled nursing facility market are focusing on the development of tech-driven solutions, like incorporating sensors in facilities, to improve patient results, boost staff productivity, and achieve adherence to regulations. These sensors play a critical role in identifying and monitoring various resident health and safety events and activities. For example, in November 2023, MOBOTIX AG, a Germany-based company specializing in intelligent IP video systems, teamed up with Kepler Vision Technologies, a Dutch firm offering comprehensive software solutions, to introduce an intelligent sensor for hospital and care facility staff. Kepler's software has a unique feature that, when integrated into the MOBOTIX c71 Hemispheric Indoor Camera, effectively identifies events like falls or patients leaving their beds, significantly diminishing false alarms compared to other automated systems. This helpful tool elevates the care provided to elderly patients, those who are ill, or those needing nursing assistance, simultaneously relieving staff and increasing cost efficiency. The approach values privacy, as it doesn't save images but utilizes them exclusively for urgent incident detection.

What Are the Emerging Segments in the Skilled Nursing Facility Market?
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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Who Are the Global Leaders 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

Which are the Top Profitable Regional Markets for the Skilled Nursing Facility Industry?
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.

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