Industry Background:
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.This growth is primarily driven by Increase in the Geriatric Population and Rise in Number of Patients Suffering from Alzheimer’s Along With High Incidence of Dementia.
Globally, a noticeable market trend is evident Value-Based Purchasing
. Major Players, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
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.
Market Drivers
- Increase in the Geriatric Population
- Rise in Number of Patients Suffering from Alzheimer’s Along With High Incidence of Dementia
Market Trend
- Value-Based Purchasing
- Patient Driven Payment Model
Restraints
- High Costs of Skilled Nursing Care Services
- 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
Challenges
Inadequate Medicaid Reimbursement, Negative General Public Perceptions and Difficulty in Attracting and Retaining Staff
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Skilled Nursing Care Services Study Sheds Light on
The Skilled Nursing Care Services Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Skilled Nursing Care Services industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Skilled Nursing Care Services industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.