The future of hospital & nursing and residential care foodservice is bright, with foodservice hospital & nursing and residential care expenditures reaching $34.0 billion in 2010, a 3.7% increase from 2009, according to Packaged Facts’ Trends in U.S. Hospital, Nursing Home and Residential Facility Foodservice. Underpinning the largest and fastest-growing sector of the U.S. economy, hospital & nursing and residential care foodservice programs can count on serving an increasing pool of patients, employees, and visitors. For foodservice operators, a shrinking pool of mouths to feed is simply not on the menu, which informs much of our positive outlook.
However, uncertainty looms in the form of government healthcare spending; the enactment of the Patient Projection and Affordable Care Act; and addressing state and federal budget shortfalls. We view contract management companies as potential winners of a budget crunch.
Key coverage includes:
“Share of stomach” analysis
“Share of stomach” hospital and nursing and residential facility sales analysis, which includes 2005-2012 expenditures trends for the hospital and nursing and residential facility segments, with forecasts for 2010, 2011, and 2012.
Consumer restaurant tracking
Via our proprietary Consumer Spend Tracker, Packaged Facts places consumers’ hospital foodservice use within context. This includes directional analysis on recent and intended consumer behavior related to food & foodservice usage; foodservice usage and usage frequency by foodservice category, including limited-service, full-service, snack and beverage, bars and taverns, and institutional foodservice; and targeted analysis of hospital foodservice and associated user food, diet and health attitudes.
In-depth trend analysis and market participant analysis
Report coverage also includes:
Market Insights: A Selection From The Report
Share of Stomach: Sales Analysis
In this section, Packaged Facts provides market size and forecast for the hospital & nursing and residential care foodservice market, which we assess according to hospital and residential care foodservice segments.
-- The future of hospital & nursing and residential care foodservice is bright. Packaged Facts estimates that foodservice hospital & nursing and residential care expenditures will reach $34.0 billion in 2010, a 3.7% increase from 2009. Going forward, we believe that sales will rise approximately 4.7% in 2011 and 5.3% in 2012, driven primarily by strong healthcare care industry growth.
-- Underpinning the largest and fastest-growing sector of the U.S. economy, hospital & nursing and residential care foodservice programs can count on serving an increasing pool of patients, employees, and visitors. For foodservice operators, a shrinking pool of mouths to feed is simply not on the menu, which informs much of our positive outlook.
Some 9.6% of age 18+ respondents to Packaged Facts’ October 2010 proprietary survey agreed with the statement, “I have been to a hospital in the past month because of illness or because of illness of someone I know.”
The ambit of this question covers a lot of ground: respondents who answered affirmatively could have been inpatients or outpatients receiving treatment or have been visiting/accompanying inpatients or outpatients. The common nexus, however, involves dealing with illness.
Bottom line: dealing with illness correlates with foodservice use
Stepping back from statistics, we need only try to step into the shoes of someone dealing with illness, either their own or that of someone dear to them. The emotional and physical toll can be tremendous. Schedules already at the bursting point are pushed beyond reasonable limits; order and calm are sacrificed in the face of fear of loss; animal instincts are aroused in pursuit of wellbeing and emotional security.
A strong McDonald’s skew!
Researchers found that the presence of a McDonald’s restaurant in a children’s hospital significantly increased the purchase of fast food. In fact, visitors to a hospital with an on-site McDonald’s were four times more likely to purchase fast food on the day of the survey than visitors to hospitals with no on-site fast-food restaurant.
Overall, 42% of respondents bought fast food on the day of the survey, and McDonald’s was chosen by 82% of fast food purchasers.
Foodservice Market Insights
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