	Standard Report	Premium Report
Current State of the Industry
Market Size (industry trends)
Market Forecast (5-year projection)
Products/Services Breakdown
Revenue per State
Financial Metrics
Salary & Compensation Statistics
Public Company Information
Key Private Companies
Government Vendors
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2024 U.S. Industry Statistics & Market Forecast - Nursing & Residential Care Facilities

Published: April 2024

Market Size & Industry Statistics

The total U.S. industry market size for Nursing & Residential Care Facilities: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics	2019 2020 2021 2022 2023
Market Size (Total Sales/Revenue)		Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee

Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.

Forecast / Industry Outlook	2024	2025	2026	2027	2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)

Source: AnythingResearch Economic Analysis

Industry Insights

The Nursing & Residential Care Facilities industry is currently experiencing several key trends affecting its operations, delivery of care, and profitability. Firstly, the aging population is creating an increasing demand for care services that cater to older adults with complex medical needs. Moreover, due to the ongoing COVID-19 pandemic, there has been a heightened focus on infection control and prevention measures in these facilities. Staffing shortages continue to remain a challenge in the industry, driving facilities to pay higher wages to attract and retain qualified workers.

Another trend is the growing preference for home-based care services that allow aging adults to receive quality care in the comfort of their own homes. This trend is also driven by advances in remote monitoring and telemedicine technologies that allow healthcare professionals to provide care from a distance. As a result, nursing and residential care facilities have had to innovate and invest in technology to remain competitive.

The rising cost of healthcare is also affecting the industry, with facilities facing challenges in balancing quality of care and profitability amid increasing costs. Lastly, regulatory changes and a shift towards value-based care are forcing facilities to adopt new care models that prioritize quality over quantity of care.

In conclusion, the nursing and residential care facilities industry is experiencing a dynamic environment where innovation, technology, staffing, and regulation are key factors that can affect the quality of care, customer satisfaction, and profitability.

Product & Services Breakdown

Research products and services in the Nursing & Residential Care Facilities industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description	Number of Companies	Sales ($ millions)	Percent of Total Sales
Industry Total
Home Hospice (End Of Life) Care Services
Independent Living Services
Daily Assisted Living Services Without Rehabilitation And Counseling Services (Include Children And Adults. Exclude Nursing Faci
Daily Assisted Living Services - Mental Rehabilitation Services For The Intellectually And Developmentally Disabled Or The Menta
Daily Assisted Living Services - With Counseling Services
Daily Assisted Living And Skilled Nursing Services Without Rehabilitation Services
Daily Assisted Living And Skilled Nursing Services With Rehabilitation Services
Respite Care Services
Residential Facility Hospice (End Of Life) Care Services
Right To Occupy (Life Lease) Services (Include Entrance Fees For Continuing Care Retirement Community.)
Outpatient Rehabilitation Services For Substance Abuse
Daily Assisted Living Services - Detoxification And Substance Abuse Therapy
Daily Assisted Living Services - With Physical, Speech, And/Or Occupational Rehabilitation Services
Social Assistance Services For Elderly And Disabled Adults
Meals And Beverages, Prepared And Served Or Dispensed, For Immediate Consumption
Rental Of Non-Residential Space In Buildings Or Other Facilities
All Other Receipts
Contributions, Gifts, And Grants - Government
Contributions, Gifts, And Grants - Private
Investment Income, Including Interest And Dividends
Gains (Losses) From Assets Sold (Report Losses By Including A Dash Prior To The Dollar Amount.)
All Other Revenue

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

	Industry Average	Percent of Sales (Industry Benchmark)
Total Revenue	Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit Net Income

Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Nursing & Residential Care Facilities company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation Ratios	Industry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Nursing & Residential Care Facilities industry is performing.
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Nursing & Residential Care Facilities measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity Ratios	Industry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance Indicators	Industry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

Title	Percent of Workforce	Bottom Quartile
Management Occupations	4%	Order at top of page
Chief Executives	0%
General and Operations Managers	1%
Community and Social Service Occupations	6%
Counselors, Social Workers, and Other Community and Social Service Specialists	6%
Counselors	9%
Substance Abuse, Behavioral Disorder, and Mental Health Counselors	6%
Social Workers	7%
Child, Family, and School Social Workers	6%
Miscellaneous Community and Social Service Specialists	5%
Social and Human Service Assistants	9%
Healthcare Practitioners and Technical Occupations	16%
Healthcare Diagnosing or Treating Practitioners	8%
Registered Nurses	6%
Registered Nurses	6%
Health Technologists and Technicians	9%
Licensed Practical and Licensed Vocational Nurses	8%
Licensed Practical and Licensed Vocational Nurses	8%
Healthcare Support Occupations	42%
Home Health and Personal Care Aides; and Nursing Assistants, Orderlies, and Psychiatric Aides	41%
Home Health and Personal Care Aides	21%
Nursing Assistants, Orderlies, and Psychiatric Aides	20%
Nursing Assistants	20%
Food Preparation and Serving Related Occupations	10%
Cooks and Food Preparation Workers	6%
Food and Beverage Serving Workers	8%
Food Servers, Nonrestaurant	7%
Food Servers, Nonrestaurant	7%
Building and Grounds Cleaning and Maintenance Occupations	6%
Building Cleaning and Pest Control Workers	5%
Building Cleaning Workers	5%
Personal Care and Service Occupations	6%
Other Personal Care and Service Workers	6%
Childcare Workers	8%
Childcare Workers	8%
Residential Advisors	6%
Residential Advisors	6%
Office and Administrative Support Occupations	5%

Source: Bureau of Labor Statistics

Nursing & Residential Care Facilities Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Nursing & Residential Care Facilities industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Nursing & Residential Care Facilities industry and adjacent sectors:

Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry	Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.	Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Nursing & Residential Care Facilities industry.