Skilled Nursing Facility (SNF) Rehabilitation Market SWOT Analysis, Trends and Growth Forecast by 2032

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According to a report by Reports and Data, the global Skilled Nursing Facility (SNF) Rehabilitation market size was USD 227 billion in 2022 and is expected to grow at a CAGR of 4% during the forecast period.

According to a report by Reports and Data, the global Skilled Nursing Facility (SNF) Rehabilitation market size was USD 227 billion in 2022 and is expected to grow at a CAGR of 4% during the forecast period. SNFs provide short-term nursing and rehabilitation services to patients following their stay in an acute care hospital or other healthcare environments.

The increasing prevalence of chronic diseases such as heart disease, diabetes, and cancer, coupled with the aging population, is driving the demand for post-acute care and rehabilitation services. Moreover, technological advancements in the healthcare industry, including telemedicine and remote patient monitoring technology, have facilitated the delivery of remote rehabilitation services, reducing hospital readmission rates, and healthcare expenses while improving patient outcomes.

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In terms of revenue, the physical therapy segment dominated the worldwide SNF rehabilitation market in 2022. Physical therapy is an important part of rehabilitation treatments in skilled nursing institutions and aims to restore or enhance patients' physical functions and mobility. It involves a variety of exercises and techniques that help to strengthen muscles, enhance balance and coordination, alleviate pain, and improve physical well-being.

It is expected that the inpatient segment would provide the highest revenue share to the global SNF rehabilitation market throughout the forecast period. Inpatient rehabilitation clinics offer a comprehensive range of treatments to patients who need intensive medical attention and assistance for their recovery.

The SNF rehabilitation market in North America held the greatest market share in 2022, owing to the aging population, rising chronic illness rates, and rising healthcare costs. The report also highlighted the introduction of two reimbursement programs by the Centers for Medicare and Medicaid Services (CMS), 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.

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Some of the prominent players profiled in the global Skilled Nursing Facility (SNF) rehabilitation 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 report segmented the global Skilled Nursing Facility (SNF) rehabilitation market 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 services.

The End-use Outlook includes hospital-based and standalone SNFs. Finally, the Regional Outlook includes North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa.

List of Driving Factors of the Skilled Nursing Facility (SNF) Rehabilitation Market –

There are several driving factors contributing to the growth of the Skilled Nursing Facility (SNF) rehabilitation market:

  1. Increasing prevalence of chronic diseases: The rising prevalence of chronic diseases such as diabetes, heart disease, and cancer is driving up the need for post-acute care and rehabilitation services.
  2. Aging population: As the population ages, the demand for skilled nursing facilities and rehabilitation services is expected to increase.
  3. Technological advancements: Technological advancements in the healthcare industry, such as the use of telemedicine and remote patient monitoring, have reduced hospital readmission rates and healthcare expenses while improving patient outcomes.
  4. Increasing consumer awareness: Increasing consumer awareness of the value of rehabilitation services is anticipated to fuel market revenue development.
  5. Reimbursement programs: 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.

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