U.S. Post-acute Care Market - By Services (Inpatient Rehabilitation, Skilled Nursing, Home Health Agencies, Hospice Care, Long-term Care Hospitals), By Conditions (Amputations, Wound Management, Brain Injury, Neurological Disorders), By Age & Global Forecasts, 2023-2032
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationU.S. Post-acute Care Market - By Services (Inpatient Rehabilitation, Skilled Nursing, Home Health Agencies, Hospice Care, Long-term Care Hospitals), By Conditions (Amputations, Wound Management, Brain Injury, Neurological Disorders), By Age & Global Forecasts, 2023-2032
U.S. Post-acute Care Market Size
U.S. Post-acute Care Market size was valued at over USD 300 billion in 2022 and is poised to depict more than 6.5% CAGR from 2023 to 2032 driven by the expanding geriatric population in the country.
Mounting healthcare needs among the elderly population is a major factor driving the market expansion. In the upcoming years, the aging population is anticipated to increase significantly. There are more than 56 million Americans aged 65 and above, which constitutes around 16.9% of the population, according to the United States Census Bureau. The increasing number of health and home care service providers as well as elderly care programs are aiming to meet this growing need, which is estimated to positively influence the market value.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| U.S. Post-acute Care Market Size in 2022 | USD 300 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 6.5% |
| 2032 Value Projection | USD 561 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 300 |
| Tables, Charts & Figures | 432 |
| Segments covered | Service, Age, Condition, and Zone |
| Growth Drivers |
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| Pitfalls & Challenges |
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Continuous changes in reimbursement policies to impede industry progression
Organizations such as the Centers for Medicare and Medicaid Services (CMS) are unable to plan solutions to secure their long-term success due to continuous modifications in reimbursement policies. Additionally, Medicare does not cover expenditures associated with long-term nursing care, assisted living facilities, or custodial care under the insurance program for individuals over the age of 65, which may limit sector expansion. However, government authorities are taking measures to make the necessary services available to American residents to help overcome this market limitation as the demand for post-acute care services increases among the aging population.
U.S. Post-acute Care Market Analysis
Over half of the money spent on post-acute care in the US in 2022 went to skilled nursing facilities. This is no surprise, as these facilities provide a wide range of care for people with disabilities or serious, ongoing illnesses. And as these illnesses and disabilities get worse, the kind of care that's needed is also changing. That's why we're seeing more special care beds in nursing homes. These beds are meant for people with Alzheimer's or other forms of dementia. And because these facilities have nurses and doctors on staff who are experts in caring for these patients, we can expect to see even more growth in this sector in the years to come.
As people age, especially those over 65, they are more likely to face serious health issues. Many of them have multiple chronic illnesses, which can be difficult to manage. This has led to a growing demand for post-acute care, which helps patients recover from serious events like surgery or illness. Families and caregivers often need professional help in caring for loved ones with multiple chronic conditions. Post-acute care professionals and primary care doctors work together to provide this care. Governments are also investing more in healthcare facilities to support the growing need for qualified caregivers and technology solutions for post-acute care. This investment is expected to boost the market for post-acute care services for seniors in the future.
Imagine you're a doctor who specializes in spinal cord injuries. You know that these injuries can be devastating, leaving people with long-lasting disabilities that affect their daily lives. That's why it's so important for them to get the care they need to recover and live as independently as possible. In 2022, about 13% of the market for post-acute care in the U.S. went to people with spinal cord injuries. And that number is only expected to grow over the next decade. That's because more and more people are getting injured, and they're living longer with their injuries. Every year, around 17,700 Americans suffer a spinal cord injury. These injuries can happen in all sorts of ways, like from car accidents, falls, or sports accidents. And because a spinal cord injury can affect a person's ability to move, work, or even live independently, it can have a huge impact on their quality of life. That's where long-term care services come in. These services can provide people with spinal cord injuries with the help they need to live their lives to the fullest. They can help them with things like physical therapy, occupational therapy, and speech therapy. They can also help them with things like transportation, housing, and job training. These services are essential for people with spinal cord injuries. They help them to recover from their injuries, regain their independence, and live full and active lives. And as the number of people with spinal cord injuries continues to grow, the demand for these services will only increase.
East North Central post-acute care market is estimated to grow at over 6.5% CAGR through 2032 owing to the presence of well-developed healthcare institutions and the availability of advanced patient-monitoring facilities. For instance, in September 2022, the Michigan Health Information Network, a nonprofit statewide health information network, collaborated with PointClickCare Technologies, the prominent electronic medical record vendor, to deepen healthcare collaboration and care coordination by providing real-time insights at any stage of a patient's journey.
U.S. Post-acute Care Market Share
The leading companies operating in the U.S. post-acute care market are
- Bella Vista Health Center
- Amedisys Inc.
- Athena Health Care Systems
- Brookdale Senior Living
- Mission Hills Post-Acute
- Benchmark Senior Living
- CareCentrix, Inc.
- Focused Post-Acute Care Partners, LLC
These businesses are investing their resources into carefully chosen strategic initiatives, such as partnerships, acquisitions, and capacity expansion.
U.S. post-acute care market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD from 2018 to 2032, for the following segments
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By Services
- Inpatient rehabilitation facilities
- Skilled nursing facilities
- Home health agencies
- Hospice care
- Long-term care hospitals
- Others
By Age, 2018 - 2032
- Elderly (65 years & older)
- Adult (45-64 years)
- Others
By Conditions
- Amputations
- Wound Management
- Brain Injury
- Spinal Cord Injury
- Neurological Disorders
- Others
The above information is provided for the following zone
- East North Central
- Illinois
- Indiana
- Michigan
- Ohio
- Wisconsin
- West South Central
- Arkansas
- Louisiana
- Oklahoma
- Texas
- South Atlantic
- Delaware
- Florida
- Georgia
- Maryland
- North Carolina
- South Carolina
- Virginia
- West Virginia
- Washington, D.C.
- North East
- Connecticut
- Maine
- Massachusetts
- New Hampshire
- Rhode Island
- Vermont
- New Jersey
- New York
- Pennsylvania
- East South Central
- Alabama
- Kentucky
- Mississippi
- Tennessee
- West North Central
- Iowa
- Kansas
- Minnesota
- Missouri
- Nebraska
- North Dakota
- South Dakota
- Pacific Central
- Alaska
- California
- Hawaii
- Oregon
- Washington
- Mountain States
- Arizona
- Colorado
- Utah
- Nevada
- New Mexico
- Idaho
- Montana
- Wyoming
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