English
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
According to a recent report by Reports and Data, the global Skilled Nursing market was valued at USD 227 billion in 2022 and is expected to grow at a CAGR of 4% over the forecast period. SNFs offer short-term nursing and rehabilitation services after a patient has been discharged from an acute care hospital or other healthcare settings.
The services offered by SNFs provide various benefits, such as personalized care plans, support with daily living activities, post-surgical care, long-term custodial care, and more. The growing number of operations and hospital stays is driving up the demand for post-acute care and rehabilitation services.
Get a free sample PDF of the report, visit @
https://www.reportsanddata.com/download-free-sample/6073
The market growth is being propelled by the increased prevalence of chronic diseases like diabetes, heart disease, and cancer. As the population ages, the need for post-acute care services is on the rise. Hospitalization is expensive, and home healthcare is common, hence the increased demand for SNFs and rehabilitation services.
Furthermore, technological advancements in the healthcare industry, such as the use of telemedicine and remote patient monitoring technology, have enabled SNFs to provide remote rehabilitation services, which has reduced hospital readmission rates and healthcare expenses while improving patient outcomes. The use of Electronic Health Records (EHRs) is improving care coordination between skilled nursing facilities and other healthcare providers, resulting in better patient outcomes and lower healthcare costs.
Consumer awareness of the value of rehabilitation services is also expected to fuel market growth. The Centers for Medicare and Medicaid Services (CMS) have introduced two reimbursement programs, the Skilled Nursing Facility Value-Based Purchasing (SNF VBP) program and the Skilled Nursing Facility Quality Reporting Program (SNF QRP), to incentivize SNFs to provide high-quality rehabilitation services.
Physical therapy dominates the global SNF rehabilitation market, accounting for the highest revenue share in 2022, owing to the aging population and the rising prevalence of chronic illnesses such as diabetes, arthritis, and cardiovascular disease.
Inpatient rehabilitation is expected to provide the highest revenue share in the forecast period, driven by the aging population, increased demand for nursing homes that provide inpatient rehabilitation therapies, and the incidence of chronic diseases such as Alzheimer's and Parkinson's disease. North America holds the largest market share in the global SNF rehabilitation market in 2022, driven by the aging population, rising chronic illness rates, and rising healthcare costs.
To know more about the latest insights of the report, visit @
https://www.reportsanddata.com/request-latest-insight/6073
Some of the key players in the global Skilled Nursing market include Kindred Healthcare, Brookdale Senior Living, Ensign Group, Genesishcc, Select Medical, Healthcare Services Group, SavaSeniorCare, National Healthcare Corporation, Consulate Health Care, and RehabCare.
The global SNF rehabilitation market has been segmented based on Service Type Outlook, Care Type Outlook, End-use Outlook, and Regional Outlook. The Service Type Outlook includes Physical Therapy, Occupational Therapy, Speech Therapy, Respiratory Therapy, and Others. The Care Type Outlook includes Inpatient and Outpatient. The End-use Outlook includes Hospital-based and Stand-alone. The Regional Outlook includes North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Request a customized copy of the report @
https://www.reportsanddata.com/request-customization-form/6073
Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact:
John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs
Browse for more reports…
