U.S. Skilled Nursing Facility And Rehabilitation Market Is Likely To Up Demand At A USD 281.6 Billion By 2028
San Francisco, 16 Sep 2021: The Report U.S. Skilled Nursing Facility And Rehabilitation Market Size, Share & Trends Analysis Report By Type of Facility (Freestanding, Hospital), And Segment Forecasts, 2021 - 2028 The U.S. skilled nursing facility and rehabilitation market size is expected to reach USD 281.6 billion by 2028, expanding at a CAGR of 3.4%, according to a new report by Grand View Research, Inc. The growing incidences of chronic conditions such as diabetes, paralysis, and hypertension and the rising geriatric population are factors expected to fuel the market over the next few years. In 2019, the geriatric population over 65 has increased up to 9.0% out of which 14.3 majorities of adults above the age of 65 years suffered from chronic disease and need these facilities. Medicare and Medicaid availability and the growing technologies will play a driving role for the market in the coming years. To cope with the COVID-19 situation, in November 2020, the Centers for Med