The U.S. post-acute care market comprises home health, skilled nursing facilities, inpatient rehabilitation facilities, and long-term care hospitals that provide medical care, rehabilitation, and other services to those recovering from surgeries, injuries, or chronic illnesses. Post-acute care helps patients recover faster and transition from hospitals back home. The need for post-acute care is growing due to the aging American population and prevalence of chronic diseases like diabetes, heart disease, and arthritis.
The U.S. Post-acute Care Market is estimated to be valued at US$ 614.2 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the U.S. post-acute care are Kindred Healthcare, Encompass Health Corporation , HCR ManorCare, Brookdale Senior Living, Genesis HealthCare, Amedisys, Inc., LHC Group, Inc., Select Medical Holdings Corporation, Vitas Healthcare , Post Acute Medical, LLC, SavaSeniorCare Administrative Services LLC, LifeCare Health Partners, Extendicare, Ensign Group, Inc., Sunrise Senior Living, LLC, BAYADA Home Health Care. The demand for U.S. Post-Acute Care Market Share is growing rapidly due to increasing incidence of chronic diseases and fast recovery of patients through specialized therapies. Technological advancements like telehealth solutions and remote patient monitoring devices are enabling improved patient care management and better health outcomes in post-acute care.
Market Trends
There is a rising trend of value-based reimbursements in the US post-acute care market. Payers are moving from fee-for-service models to alternative payment models that reward high quality and efficient care. This is encouraging providers to adopt new care delivery and payment models to improve outcomes and reduce costs. Another key trend is increased consolidation in the industry through mergers and acquisitions. Large players are acquiring smaller facilities to gain market share and achieve economies of scale. This will strengthen their service offerings and management capabilities.
Market Opportunities
Growing demand for home-based post-acute care presents a major market opportunity. As patients prefer receiving care in the comfort of their home, more services and hands-on professional care is shifting to home settings. Telehealth and remote patient monitoring technologies are helping enable home-based care delivery. Investments in digital health solutions for remote care management and virtual visits will boost this trend. Rising rates of chronic illnesses also presents an opportunity for post-acute providers to offer specialized, long-term therapies and services tailored for conditions like cancer, COPD, diabetes etc.
Impact of COVID-19 on U.S. Post-acute Care Market
The COVID-19 pandemic has severely impacted the U.S. post-acute care market. Initially, post-acute care facilities faced challenges like shortage of personal protective equipment (PPE) and staffing issues due to infections. This led to imposing restrictions on new patient admissions. During the peak of the pandemic in 2020, occupancy rates dropped significantly as patients and their families opted to delay care owing to safety concerns. However, with better understanding of virus transmission and improved protocols, occupancy is gradually returning to pre-pandemic levels. The pandemic accelerated the shift to value-based reimbursement models in post-acute care. Telehealth adoption increased manifold for remote monitoring of patients. In future, demand for post-hospitalization care is expected to rise due to growing geriatric population with complex healthcare needs. The emphasis on seamless care coordination across care settings will further boost this market.
Geographical Regions Concentrated for U.S. Post-acute Care Market
The Northeast region accounts for the largest share of the U.S. post-acute care market in terms of value. This can be attributed to higher healthcare expenditure and infrastructure in states like New York and Massachusetts. Moreover, the prevalence of chronic diseases is relatively high among the aging population in this region. The Midwest region follows next in terms of market concentration. States such as Illinois, Ohio and Pennsylvania have bulk of their elderly residing in metropolitan areas with easy access to various post-hospitalization services. Although per capita spending is lower here compared to other regions, a sizable patient pool makes Midwest an important market for post-acute care providers.
Fastest Growing Region for U.S. Post-acute Care Market
The South region is poised to be the fastest growing market for post-acute care services over the forecast period. Factors accounting for its rapid expansion include growing senior citizen numbers, increasing life expectancy, presence of major healthcare industry players and favorable reimbursement scenario. Further, aging-in-place initiatives by state governments are encouraging more provider options in community-based settings in the Southern states. Specifically, Florida, Texas, North Carolina and Georgia will contribute significantly to the South's growth momentum considering their aging demographics and improving healthcare accessibility in rural areas.
Gets More Insights on, U.S. Post-acute Care Market
Explore Related Article on, Transcranial Magnetic Stimulator Market
About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
The global Post-Acute Care (PAC) Market presents comprehensive information that makes it a valuable source of insightful data for business strategists during 2021-2026.
Given the technological innovations in the market, the industry is likely to emerge as a complementary platform for investors in the emerging market.A thorough competitive analysis covering insightful data on industry leaders is intended to help potential market entrants and competing existing players to reach their decisions in the right direction.
The market structure analysis discusses in detail the profile of the Post-Acute Care (PAC) company, revenue share in the market, comprehensive product portfolio, networking and distribution strategy, regional market footprint, and more.Key Players Mentioned:Kindred Healthcare, Amedisys, LHC Group, Genesis Healthcare, COSMAX, Kolmar Korea, Intercos Technology (Suzhou SIP), Estate Chemical, Raphas, Nox Bellow Cosmetics, AMITA Health, Atrium HealthFor Right Perspective & Competitive Insights, Request a Sample @ https://introspectivemarketresearch.com/request/11773Market segmentationThe Post-Acute Care (PAC) market is segmented by type and application.
Growth between segments over the period 2021-2026 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value.
This analysis can help you expand your business by targeting eligible niches.Product Segment Analysis:Long-Term Care Facilities, Inpatient Rehabilitation Facilities (IRFs), Skilled Nursing Facilities (SNFs), Home Health FacilitiesApplication Segment Analysis:Children, Adult, ElderlyThe market research report also discusses the numerous development strategies and plans that the Post-Acute Care (PAC) industry follows to expand to a global level.
Major distributors, dealers, end-users, and traders of the Post-Acute Care (PAC) market?Inquire Before purchasing the report of Post-Acute Care (PAC) Market @:https://introspectivemarketresearch.com/inquiry/11773Good Reasons to Buy a Global Post-Acute Care (PAC) Market Report:Offers detailed market breakdown and data triangulation that will help guide the market trends.The methodology used in the report gives the absolute authentic data that help to advise whether the market has an opportunity in the upcoming years.Provides a detailed analysis of the Covid-19 impact on the market and how it will help boost the market in the near future.Give’s a thorough analyst’s viewpoint which guides the client through market collaterals for better opportunities in the market.Pinpoints the most valued region and how the market can be expanded in the industry to generate more revenue with all the important government guidelines and environmental policies.About Us:Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market.
