Healthcare Services

Key Developments and Trends Steering the Skilled Nursing Facility Market Forward: Advancements In Video Technology Drive Innovation In Skilled Nursing Facilities

June 20, 2025 by Marketing Posting

Discover trends, market shifts, and competitive outlooks for the skilled nursing facility industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What Is the Current and Projected Market Size of the Skilled Nursing Facility Market Through 2034?#_x000D_

In the past few years, the size of the skilled nursing facility market has seen robust expansion. The market is expected to rise from $335.73 billion in 2024 to $364.68 billion in 2025, representing a compound annual growth rate (CAGR) of 8.6%. Factors contributing to growth during the historic period include the implementation of strict infection prevention and control protocols, an increasing demand for short-term rehabilitation services, integration of telehealth services into patient care, a focus on personalized care plans, and the incorporation of mental health care into SNF services._x000D_

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Expectations are high for substantial expansion in the skilled nursing facility marketplace in the upcoming years. This projection estimates the market size reaching $500.73 billion by 2029, with a compound annual growth rate (CAGR) of 8.2%. The anticipated growth within this forecast period is largely due to the rising elderly population, increasing chronic health conditions, adherence to changing healthcare rules, and a growing predilection for at-home care. Other elements contributing to this projected upward trend include advancements in technology, cost-effective treatment improvements, broader healthcare availability, introductions of fresh products, and innovative service launches._x000D_

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#How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Skilled Nursing Facility Market?#_x000D_

The rise in chronic diseases is estimated to stimulate the growth of the skilled nursing facility market. These diseases, which are often long-lasting and incurable but can be controlled, significantly affect health, disability, and healthcare costs. The upsurge in chronic disease can be attributed to factors like an aging population, poor dieting habits, and environmental and socioeconomic influences. Skilled nursing facilities offer specialized care and sustained support to people with intricate health problems. This service enhances effective management of chronic conditions and betters patient outcomes via specific medical and rehabilitative services. For instance, the National Center for Biotechnology Information (NCBI), a medicine library based in the US, predicted in January 2023 that the count of individuals aged 50 and over dealing with one or more chronic diseases will rise by 99.5% by 2050, up from 71.52 million in 2020 to 142.66 million. Hence, the rise in chronic diseases is propelling the growth of the skilled nursing facility market._x000D_

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#Which Segments in the Skilled Nursing Facility Offer the Most Growth?#_x000D_

The skilled nursing facilitymarket covered in this report is segmented –_x000D_

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1) By Type: Freestanding, Hospital_x000D_

2) By Ownership: For Profit, Non-Profit, Government_x000D_

3) By Services Type: Intensive Rehabilitation Therapy, Low And Medium Rehabilitation, Medically Complex, Other Service Types_x000D_

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Subsegments:_x000D_

1) Freestanding: Independent Skilled Nursing Facilities, Specialty Skilled Nursing Facilities, Transitional Care Units_x000D_

2) Hospital: Acute Care Hospitals with Skilled Nursing Units, Rehabilitation Hospitals, Long-Term Acute Care Hospitals_x000D_

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#What Are the Fastest-Growing Geographies in the Skilled Nursing Facility Market?#_x000D_

North America was the largest region in the skilled nursing facility market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the skilled nursing facility market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_

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#What Key Trends Are Shaping the Future of the Skilled Nursing Facility Market?#_x000D_

Leading corporations in the skilled nursing facility market are innovating with technologically sophisticated solutions like sensors within facilities, aiming to elevate patient outcomes, bolster staff productivity, and fulfil regulatory requirements. These nursing facility sensors are engineered to scrutinize and recognize various situations or activities associated with the health, safety, and welfare of the occupants. For example, in November 2023, the German intelligent IP video systems producer, MOBOTIX AG, collaborated with Kepler Vision Technologies, an end-to-end software solutions provider from the Netherlands, to introduce an intelligent sensor for hospital personnel and care centers. The distinct capability of Kepler’s software, incorporated into the MOBOTIX c71 Hemispheric Indoor Camera, is its precise identification of incidents such as falls or residents departing from their beds, while substantially diminishing the number of false alarms than other automatic systems. This enhances care provision for the elderly, the ill, and those under nursing care, at the same time as alleviating staff chores and augmenting cost-effectiveness. Additionally, the solution respects privacy by avoiding image storing and only using them for identifying crucial incidents._x000D_

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#What Are the Key Elements That Define the Skilled Nursing Facility Market?#_x000D_

A skilled nursing facility is a healthcare institution that provides high medical care and support services for individuals with complex medical conditions or require continuous medical supervision. These facilities cater to patients who need more intensive care than what can be provided in a typical assisted living or residential setting._x000D_

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