U.S. Care Services Market Size, Share & Trends Analysis By Service (Skilled Nursing Facility, Hospice and Palliative Care, Home-based Primary Care/House Calls, Post-Acute Care, Remote Patient Monitoring), And Segment Forecasts, 2020 - 2027

U.S. Care Services Market Size, Share & Trends Analysis By Service (Skilled Nursing Facility, Hospice and Palliative Care, Home-based Primary Care/House Calls, Post-Acute Care, Remote Patient Monitoring), And Segment Forecasts, 2020 - 2027

The U.S. care services market size is expected to reach USD 714.8 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to register a 6.7% CAGR during the forecast period. Rise in geriatric population and increasing incidence of target diseases such as dementia, Alzheimer’s diseases, and orthopedic diseases are factors expected to fuel the market growth. Increasing treatment cost is one of the prime concerns for governments and health organizations, and hence they are striving to curb healthcare costs. Care services are cost-efficient alternatives to expensive hospital stay and thus are economic for a longer time duration.

According to the population projection report published by the U.S. Census Bureau in 2016, the population of millennials in the country is expected to surpass the population of baby boomers by 2019. In 2016, millennials were categorized as the population aged 20 to 35 years and baby boomers were those aged between 52 and 72 years. In 2016, the population of millennials was 71 million and that of baby boomers was around 74 million. While the former will rise to 73 million in 2019, the latter will drop to 72 million. Generation X, the population group aged between 36 and 51 years, is anticipated to surpass the boomers by 2028.

Skilled Nursing Facilities (SNFs) provide high-quality care services at a much lower cost as compared to hospitals, generating tremendous demand among investors. Reimbursement rate pressures or introduction of new payment systems are anticipated to influence the market. According to PharMerica Corporation, in October 2019, the Centers for Medicare & Medicaid Services (CMS) implemented Patient Driven Payment Model (PDPM), a new system for categorizing SNF patients in a Medicare Part A stay. This new system is anticipated to decrease the emphasis on the volume of services and administrative burden.

The hospice and palliative care segment is projected to exhibit the fastest growth during the forecast period. Hospice care leads to reduction in out-of-pocket expenses for medications, medical supplies and durable medical equipment. Medicare, Medicaid or a private insurance company typically covers the cost of these necessary items for hospice patients.

Further key findings from the study suggest:

  • The skilled nursing facility segment dominated the U.S. care services market in terms of revenue in 2019
  • The hospice and palliative care segment is projected to exhibit the fastest CAGR during the forecast period due to the increasing incidence rate of Alzheimer’s and dementia and availability of Medicare and Medicaid & private insurance
  • The U.S. care services market has been witnessing several mergers and acquisitions and partnerships resulting in the integration of various services and maximizing revenue. For instance, in January 2020, Amedisys acquired Asana Hospice, expanding its operations in Ohio, Texas, Missouri, Kansas, and Pennsylvania. Similarly, in October 2019, Active Day/Senior Care, Inc. acquired 15 locations of Person Centered Services (PCS) in Ohio.
  • Key market players include Kindred Healthcare, LLC.; National HealthCare Corporation (NHC); Amedisys, Inc.; Brookdale Senior Living Inc.; Capital Senior Living; Home Instead, Inc.; Diversicare; Genesis Healthcare, Inc.; LHC Group, Inc.; Sunrise Senior Living; and Senior Care Center (Active Day Health Centers)
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Chapter 1 Research Objective
1.1 Objective - 1
1.2 Objective - 2
1.3 Objective - 3
1.4 Objective - 4
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.2.1 Service
2.2.1 Region
2.3 Competitive Insights
2.4 U.S. Care Services Market Snapshot
Chapter 3 U.S. Care Services Market Variables, Trends & Scope
3.1 Market Trend & Outlook
3.2 Market Lineage Outlook
3.2.1 Parent Market Outlook
3.2.2 Related/Ancillary Market Outlook
3.3 Market Segmentation
3.4 Penetration and Growth Prospect Mapping
3.4.1 Analysis
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.2 Market Restraint Analysis
3.6 Business Environment Analysis Tools
3.6.1 Industry Analysis - Porter’s
3.6.1.1 Competitive rivalry
3.6.1.2 Threat of new entrants
3.6.1.3 Bargaining power of buyers
3.6.1.4 Bargaining power of suppliers
3.6.1.5 Threat of substitutes
3.6.2 PEST Analysis
3.6.2.1 Political landscape
3.6.2.2 Economic and social landscape
3.6.2.3 Technology landscape
3.7 Major Deals & Strategic Alliances Analysis
3.7.1 Joint Ventures & Partnerships
3.7.2 Mergers & Acquisitions
Chapter 4 U.S. Care Services Market: Service Estimates & Trend Analysis
4.1 Segment Dashboard
4.2 U.S. Care Services Market: Service Movement Analysis, USD Billion, 2019 & 2027
4.2.1 Skilled Nursing Facility
4.2.1.1 Reimbursement scenario
4.2.1.2 Skilled nursing facility market, 2016 - 2027 (USD Billion)
4.2.2 Hospice and Palliative Care
4.2.2.1 Reimbursement scenario
4.2.2.2 Hospice and palliative care market, 2016 - 2027 (USD Billion)
4.2.3 Assisted Living Facility (ALF)
4.2.3.1 Reimbursement scenario
4.2.3.2 Assisted Living Facility (ALF) market, 2016 - 2027 (USD Billion)
4.2.4 Home-Based Primary Care/House Calls
4.2.4.1 Reimbursement scenario
4.2.4.2 Home-based primary care/house calls market, 2016 - 2027 (USD Billion)
4.2.5 Post-Acute Care
4.2.5.1 Post-acute care market, 2016 - 2027 (USD Billion)
4.2.6 Remote Patient Monitoring
4.2.6.1 Remote patient monitoring market, 2016 - 2027 (USD Billion)
Chapter 5 Competitive & Vendor Landscape
5.1 Recent Developments & Impact Analysis, by Key Market Participants
5.1.1 Analysis
5.2 Strategic Framework/ Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
5.2.1 Analysis
5.3 Vendor Landscape
5.3.1 Company Market Position Analysis (Service Portfolio, Facilities, Employee Strength, Strategic Initiatives)
5.3.1.1 Analysis
5.4 Company Profiles
5.4.1 Kindred Healthcare, LLC.
5.4.1.1 Company overview
5.4.1.2 Financial performance
5.4.1.3 Service benchmarking
5.4.1.4 Strategic initiatives
5.4.1.5 SWOT analysis
5.4.2 National Healthcare Corporation (NHC)
5.4.2.1 Company overview
5.4.2.2 Financial performance
5.4.2.3 Service benchmarking
5.4.2.4 Strategic initiatives
5.4.2.5 SWOT analysis
5.4.3 Amedisys, Inc.
5.4.3.1 Company overview
5.4.3.2 Financial performance
5.4.3.3 Service benchmarking
5.4.3.4 Strategic initiatives
5.4.3.5 SWOT analysis
5.4.4 Brookdale Senior Living Inc.
5.4.4.1 Company overview
5.4.4.2 Financial performance
5.4.4.3 Service benchmarking
5.4.4.4 Strategic initiatives
5.4.4.5 SWOT analysis
5.4.5 Capital Senior Living
5.4.5.1 Company overview
5.4.5.2 Financial performance
5.4.5.3 Service benchmarking
5.4.5.4 Strategic initiatives
5.4.5.5 SWOT analysis
5.4.6 Home Instead, Inc.
5.4.6.1 Company overview
5.4.6.2 Financial performance
5.4.6.3 Service benchmarking
5.4.6.4 Strategic initiatives
5.4.6.5 SWOT analysis
5.4.7 Diversicare Healthcare Services, Inc.
5.4.7.1 Company overview
5.4.7.2 Financial performance
5.4.7.3 Service benchmarking
5.4.7.4 Strategic initiatives
5.4.7.5 SWOT analysis
5.4.8 Genesis Healthcare, Inc.
5.4.8.1 Company overview
5.4.8.2 Financial performance
5.4.8.3 Service benchmarking
5.4.8.4 Strategic initiatives
5.4.8.5 SWOT analysis
5.4.9 Senior Care Center Of America
5.4.9.1 Company overview
5.4.9.2 Financial performance
5.4.9.3 Service benchmarking
5.4.9.4 Strategic initiatives
5.4.9.5 SWOT analysis
5.4.10 LHC Group, Inc.
5.4.10.1 Company overview
5.4.10.2 Financial performance
5.4.10.3 Service benchmarking
5.4.10.4 Strategic initiatives
5.4.10.5 SWOT analysis
5.4.11 Sunrise Senior Living
5.4.11.1 Company overview
5.4.11.2 Financial performance
5.4.11.3 Service benchmarking
5.4.11.4 Strategic initiatives
5.4.11.5 SWOT analysis
Chapter 6 Recommendations
Chapter 7 Research Methodology & Scope
7.1 Research Methodology
7.1.1 Information Procurement
7.1.1.1 Purchased database:
7.1.1.2 GVR’s internal database
7.1.2 Primary Research
7.2 Research Scope and Assumptions
7.3 List to Data Sources
Chapter 8 Report FAQs
8.1 How do I trust your report quality/data accuracy?
8.2 My research requirement is very specific; can I customize this report?
8.3 I have a pre-defined budget. Can I buy chapters/sections of this report?
8.4 How do you arrive at these market numbers?
8.5 Who are your clients?
8.6 How will I receive this report?
Chapter 9 Appendix
Chapter 10 Compass - Cloud Based Report Delivery Platform
Chapter 11 Related Reports
List of Tables
TABLE 1 List of secondary sources
TABLE 2 List of abbreviation
TABLE 3 U.S. care services market, by service, 2016 - 2027 (USD Billion)
List of Figures
Fig. 1 Market outlook
Fig. 2 U.S. care services market segmentation
Fig. 3 Market trends & outlook
Fig. 4 Market driver relevance analysis (Current & future impact)
Fig. 5 Market restraint relevance analysis (Current & future impact)
Fig. 6 Penetration & growth prospect mapping
Fig. 7 PORTER'S five forces analysis
Fig. 8 PESTLE analysis
Fig. 9 U.S. Care Services market, 2016 - 2027 (USD Billion)
Fig. 10 U.S. care services service market share analysis, 2019 & 2027
Fig. 11 U.S. care services service market: Segment dashboard
Fig. 12 U.S. skilled nursing facility market, 2016 - 2027 (USD Million)
Fig. 13 U.S. hospice and palliative care market, 2016 - 2027 (USD Million)
Fig. 14 U.S. Assisted Living Facility (ALF) market, 2016 - 2027 (USD Million)
Fig. 15 U.S. home-based primary care/house calls market, 2016 - 2027 (USD Million)
Fig. 16 U.S. post-acute care market, 2016 - 2027 (USD Million)
Fig. 17 U.S. remote patient monitoring market, 2016 - 2027 (USD Million)
Fig. 18 Strategy framework
Fig. 19 Strategy framework / Competition categorization
Fig. 20 Company market position analysis (service portfolio, strategic initiatives, geographic presence)
Fig. 21 Market research process
Fig. 22 Data triangulation techniques
Fig. 23 Primary research pattern
Fig. 24 Market research approaches
Fig. 25 Value-chain-based sizing & forecasting
Fig. 26 QFD modeling for market share assessment
Fig. 27 Market formulation & validation

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