U.S. Skilled Nursing Facility Devices Market To Reach $1.91 Billion By 2030

U.S. Skilled Nursing Facility Devices Market Growth & Trends

The U.S. skilled nursing facility devices market is expected to reach USD 1.91 billion by 2030, registering a CAGR of 6.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing senior demographic necessitates enhanced medical devices to meet complex care needs, while innovations such as smart beds and remote monitoring systems are improving patient management and outcomes. For instance, the Hillrom ReadyConnect System offers a dependable wireless link between the Centrella Smart+ Bed and Nurse Call, ensuring ease of use, reducing floor clutter, and enabling quicker data transmission.

The rising aging population and the need for long-term care for older adults requiring specialized medical attention and daily assistance drive the market growth. Advances in medical technology are improving the quality of care in skilled nursing facilities and enhancing patient outcomes and satisfaction. The increasing prevalence of chronic diseases, such as cancer, projected by the WHO to rise from 20 million cases in 2022 to over 35 million by 2050, further drives the demand for skilled nursing services. In addition, evolving healthcare policies and regulations enhance reimbursement models and facility standards, contributing to industry growth.

The growing demand for personalized care in the U.S. healthcare system also drives the market. Patients and their families increasingly seek facilities that offer tailored treatment plans and specialized services to meet their unique needs. Skilled nursing facilities are responding to this demand by investing in devices and technologies that enable them to provide more personalized care, such as assistive devices for mobility, rehabilitation equipment, and monitoring systems. This focus on customized care is expected to continue driving the market growth in the coming years.

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U.S. Skilled Nursing Facility Devices Market Report Highlights

• Based on type, the medical bed frames segment held the largest market share in 2023. This can be attributed to the growing number of elderly individuals, which leads to a rise in the demand for specialized beds

• Some prominent players in the market include Invacare Corporation, Drive DeVilbiss Healthcare (Medical Depot, Inc.), Medline Industries, LP., Guldmann Inc., Hill-Rom Holdings, Inc. (Baxter), Direct Supply, Inc., Joerns Healthcare, Savaria, McKesson Medical-Surgical Inc., and Arjo

• For instance, in January 2023, Genesis Healthcare Inc. announced plans to expand its operations by adding 34 new nursing homes in Pennsylvania and the 15 facilities it currently operates in the state

U.S. Skilled Nursing Facility Devices Market Segmentation

Grand View Research has segmented the U.S. skilled nursing facility devices market based on type:

U.S. Skilled Nursing Facility Devices Type Outlook (Revenue, USD Million, 2018 - 2030)

• Lifts

  • Floor Lift

  • Ceiling Lift

  • Stand Assist Lifts

• Hygiene Products (Bathing/Shower)

• Therapeutic Mattress Surfaces

  • Purchase

  • Rental

• Medical Bed Frames

  • Purchase

  • Rental

List of Key Players in the U.S. Skilled Nursing Facility Devices Market

• Invacare Corporation

• Drive DeVilbiss Healthcare (Medical Depot, Inc.)

• Medline Industries, LP.

• Guldmann Inc.

• Hill-Rom Holdings, Inc. (Baxter)

• Direct Supply, Inc.

• Joerns Healthcare

• Savaria

• McKesson Medical-Surgical Inc.

• Arjo