Skilled Nursing Facility Market Overview 2023, Growth Rate, and Forecast by 2028

According to IMARC Group's latest research report, titled "Skilled Nursing Facility Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," presents a comprehensive analysis of the industry, coveringskilled nursing facility market trends, overview, share, size, demand, and growth prospects. The report also provides competitors and regional analysis and showcases the contemporary advancements in the global market.

How big is the Skilled Nursing Facility Market?

The global skilled nursing facility market size reachedUS$ 328.8 Billion in 2022Looking forward, IMARC Group expects the market to reachUS$ 516.8 Billion by 2028, exhibiting a growth rate(CAGR) of 7.74% during 2023-2028.

What is a Skilled Nursing Facility?

A skilled nursing facility (SNF) is a medical care center that provides 24-hour nursing care to individuals who require significant medical attention and support.

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What are the Growth Prospects and Trends in the Skilled Nursing Facility Market?

The global market is majorly driven by the growing prevalence of chronic diseases, such as Alzheimer's disease, Parkinson's disease, and diabetes. In line with this, the increasing aging population is significantly contributing to the market growth. Care in SNFs and enhance patients. this, the easy availability of skilled nursing services and the rising health care expenditure are positively influencing the market. Besides, the extensive research and development (R&D) activities are offering numerous opportunities for market expansion.

Who are the key Players Operating in the Industry?

Brookdale Senior Living Inc.

Extendicare Inc.

Genesis HealthCare

Life Care Centers of America Inc.

Lincare Holdings Inc. (Linde plc)

ProMedica Health System Inc.

Sava Senior Care Administrative Services LLC

Sunrise Senior Living (Red Fox Holding Corporation)

The Ensign Group Inc.

What is included in Market Segmentation?

The report has segmented the market into the following categories:

Facility Type Insights:

Freestanding

hospitals

Service Type Insights:

Intensive Rehabilitation Therapy

Low and Medium Rehabilitation

Medical Complex

Ownership Type Insights:

Non-profit

For-Profit

Government

Breakup by Region:

North America (United States, Canada)

Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

Market performance

Market Outlook

Porter's Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value chain

Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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