Industry Data & Market Research

2024 U.S. Industry Statistics & Market Forecast - Nursing Care Facilities

Market Size & Industry Statistics

The total U.S. industry market size for Nursing 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)

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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

Major trends affect the Nursing Care Facilities industry include:
  1. Aging population increasing demand for long-term care
  2. Staffing shortages and high turnover rates
  3. Rising healthcare costs
  4. Integration of technology in care delivery
  5. Changes in regulations and increased scrutiny
  6. Shift towards home health care services
  7. Growing prevalence of chronic diseases
  8. Importance of mental health care services
  9. Increased focus on personalized care
  10. Expansion in the use of telemedicine and remote monitoring
  11. Impact of COVID-19 on facility operations and safety protocols
  12. Environmental sustainability in facility management
  13. Collaborative care models with hospitals and other health services
  14. Rise in consumer expectations for quality and service

Product & Services Breakdown

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

Product DescriptionNumber 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 And Skilled Nursing Services Without Rehabilitation Services

Daily Assisted Living And Skilled Nursing Services With Rehabilitation Services

Daily Assisted Living And Skilled Nursing Services - Physical, Speech, And/Or Occupational Rehabilitation Services

Daily Assisted Living And Skilled Nursing Services - Mental Rehabilitation Services (Exclude Substance Abuse.)

Residential Facility Hospice (End Of Life) Care Services

Daily Assisted Living Services - With Physical, Speech, And/Or Occupational Rehabilitation Services

Daily Assisted Living Services - With Physical, Speech, And/Or Occupational Rehabilitation Services - Adults

Social Assistance Services For Elderly And Disabled Adults

Adult Day Care Services For Elderly And Disabled Adults

All Other Receipts

All Other Operating Receipts

Contributions, Gifts, And Grants - Government

Contributions, Gifts, And Grants - Private

Investment Income, Including Interest And Dividends

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

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
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 Care Facilities company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry 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 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 Care Facilities measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry 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 IndicatorsIndustry 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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 3%

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Chief Executives0%
General and Operations Managers0%
Healthcare Practitioners and Technical Occupations 26%
Healthcare Diagnosing or Treating Practitioners 12%
Registered Nurses 9%
Registered Nurses 9%
Health Technologists and Technicians 14%
Licensed Practical and Licensed Vocational Nurses 13%
Licensed Practical and Licensed Vocational Nurses 13%
Healthcare Support Occupations 39%
Home Health and Personal Care Aides; and Nursing Assistants, Orderlies, and Psychiatric Aides 37%
Nursing Assistants, Orderlies, and Psychiatric Aides 33%
Nursing Assistants 33%
Food Preparation and Serving Related Occupations 10%
Building and Grounds Cleaning and Maintenance Occupations 6%
Building Cleaning and Pest Control Workers 5%
Building Cleaning Workers 5%
Office and Administrative Support Occupations 5%
Source: Bureau of Labor Statistics

Nursing Care Facilities Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Nursing 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 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
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Nursing Care Facilities industry.

Innovation News

Recent Federal Contracts for Nursing Care Facilities

  • Apr 02, 2024: SPRING VALLEY POST ACUTE LLC (Victorville, CA) awarded $75,600
  • Mar 28, 2024: TLC OF THE BAY AREA, INC. (Santa Clara, CA) awarded $113,304
  • Mar 28, 2024: ROSEWOOD MANOR OPERATING INVESTMENTS LLC (Pensacola, FL) awarded $1,357,330
  • Mar 27, 2024: VIRGINIA HEALTH SERVICES, INC. (Gloucester, VA) awarded $1,263,276
  • Mar 27, 2024: THALIA GARDENS REHABILITATION AND NURSING LLC (Virginia Beach, VA) awarded $1,263,276
  • Mar 27, 2024: BAY VIEW REHABILITATION HOSPITAL LLC (Brea, CA) awarded $41,052