The nursing home market - Italy

The global skilled nursing facility market, which includes nursing homes, was valued at $362.2 billion in 2023 and is projected to reach $592.10 billion by 2030, growing at a CAGR of 7.2% from 2021. The market growth is primarily driven by the aging global population, with an increase in chronic diseases such as heart problems, Alzheimer's, cancer, diabetes, and dementia. North America holds the largest market share, while Asia Pacific and Latin America are emerging markets expected to grow at significant rates, partly due to their aging populations and lower healthcare costs. The Italian nursing home market, with about 549 facilities, faces challenges such as a fragmented market with variable returns, a steady decline in available beds, and a growing elderly population that is expected to double in number by 2051. Italy's nursing care sector is trying to adapt through investments and strategic expansions, with major providers like Sereni Orizzonti group building new facilities. The COVID-19 pandemic heavily impacted nursing homes, leading to financial instability and the increasing need for sufficient heating due to rising energy costs. Demand is mainly driven by Italy's aging population, with a high prevalence of chronic diseases and a growing awareness of healthcare needs..**Trends in the Italian Nursing Home Market** Italy's nursing home market presents a paradigm defined by the growing demand and an industry in transformation, shaped by aging demographics, private sector prevalence, and the consequential implications of recent global events. The primary driver fueling this demand is Italy's significantly aging population, renowned as one of Europe's oldest, with over 23 percent of its residents aged 65 or older as of 2021. This number is forecasted to inflate, touching nearly 36 percent in the coming decades. Financial accessibility to quality nursing care remains a defining characteristic of the growing demand. Italian families, with an average yearly income bracketing between 39,000 and 47,000 euros, allocate a noticeable segment—approximately 3.7 percent of their household expenditure—towards healthcare, signifying the value placed on high-standard patient care even amidst other financial pressures. However, the expenditure on healthcare varies dramatically with age, particularly pronounced in households with members over 65 years old, where it has been observed to exceed 6 percent of total spending. The apparent skew towards females in the consumption of nursing home services further narrows the typology of the market. In 2020, records show a substantially higher number of women than men receiving care in such facilities, with numbers for women running into the hundreds of thousands. Disease prevalence acts as an undercurrent in these markets, with chronic conditions like diabetes and hypertension forming the core of healthcare needs for the aged demographic. A sector heavily reliant on private patronage, Italian nursing homes grapple with market structure nuances. The divide between accredited and non-accredited facilities mirrors the broader inequalities prevalent across the country, with the northern regions housing a heftier sum of nursing homes compared to their southern counterparts. The sector's stratification exacerbates the challenge of equitable access to care, given the minimum capacity regulations that dictate 150 and 50 bed criteria for varied categories of nursing homes. Market supply struggles to sync with burgeoning demand. The spectrum of services offered by nursing homes is vast, yet disproportionate to the requirements. Diagnostic imaging services top the list in availability, followed by resuscitation and dialysis—indicative of Italy's response to the chronic ailment matrix that preoccupies its aging population. Noteworthily, the Italian nursing home market is at an inflection point driven by innovative operational approaches. A keen emphasis on harnessing cutting-edge technological solutions and partnerships is increasingly evident. The landscape is witnessing a drift towards digitization and smart care structures, aiming to enhance efficiency.### Key Players Shaping the Italian Nursing Home Landscape As Italy's elderly population continues to grow, the demand for quality nursing care rises in tandem. Several key players dominate the Italian nursing home market, each contributing unique approaches to elder care and rehabilitation services. These organizations have become central to the evolving landscape of long-term care in the country. **Sereni Orizzonti Group** – Pioneering in Expansion and Accessibility Sereni Orizzonti stands as a beacon of expansion in the Italian nursing home sector. This ambitious group has been actively increasing its footprint, constructing new facilities across various regions, including Piedmont, Sardinia, Friuli Venezia Giulia, and Liguria. Nearly 550 additional beds will be assimilated into the market upon the completion of these facilities. Sereni Orizzonti's dedication to growth signals a robust response to the increasing need for elderly care services. **San Raffaele Hospital** – A Leader in Specialized Care Capturing the highest market share among all institutions offering hospital and nursing care services, San Raffaele Hospital is a pillar of specialized medical and nursing care in Italy. Renowned for its advanced healthcare services and research, it has established itself as a prestigious provider in the care of the elderly and frail. **Humanitas Mirasole** – Excellence in Integrated Healthcare Humanitas Mirasole follows closely with a comprehensive approach to health care. It has distinguished itself with an advanced clinical institute that supports patients throughout the healing and rehabilitation process. The integration of innovative research and cutting-edge medical treatment has earned Humanitas Mirasole its well-regarded position in the market. **Kos Care** – Commitment to Quality Elderly Care Kos Care represents another significant entity in the landscape of Italian nursing homes. Their dedication to providing high-quality residential care for the elderly stretches across its network of facilities. Through a patient-centric approach, Kos Care has carved out a strong presence in the sector, ensuring compassionate and professional care. **Codess Sociale** – Strong Presence in Long-Term Care Codess Sociale is another player in the Italian nursing home market, holding a notable market share particularly within long-term care (LTC). With their focus on social welfare and the well-being of their residents, Codess Sociale has become synonymous with reliable and supportive elder care services. As the competition among these distinguished players heightens, each organization strives through varying strategies such as mergers, collaborations, and technological advancements to not only secure their position but also

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• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 13/03/2023

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