Nursing Care Facilities in Illinois
The Nursing Care Facilities industry in Illinois has fared well over the five years to 2017. The increasing elderly population in Illinois has primarily driven industry growth, as senior adults are more prone to injuries and illnesses that require assistance with daily living. Rising disposable income and expanded access to health insurance coverage have also been a boon to industry growth during the five-year period. Meanwhile, over the five years to 2022, tightening regulations in regard to minimum wage and staffing ratio requirements will prompt industry operators to hire more workers and increase average wages for nursing home workers. As a result, industry operators will incur higher operating costs, which will place downward pressure on their profitability.
This industry provides living quarters, inpatient nursing care and rehabilitation services for people with chronic illnesses or disabilities. The care is usually provided for an extended period to individuals who require help with day-to-day activities but do not need to be in a hospital.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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