Global Post Acute Care Market Size 2024, Forecast To 2033

6 Mar, 2024

The post-acute care market has demonstrated robust growth, expanding from $771.4 billion in 2023 to $824.86 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.9%. This upward trajectory in the historical period is attributed to factors such as the aging population, healthcare policy changes, initiatives to reduce hospital readmissions, a focus on value-based care, and the promotion of preventive care and early discharge, coupled with advancements in health information exchange. Looking ahead to 2028, the post-acute care market is poised for strong growth, projecting an increase to $1092.06 billion at a CAGR of 7.3%. The anticipated expansion in the forecast period can be linked to the rise in the burden of chronic diseases, a heightened focus on patient outcomes, preparedness for pandemics, the expansion of palliative care services, and the emphasis on population health management. Key trends during this forecast period encompass patient-centered care, care coordination and transitions, the utilization of data analytics for performance improvement, the integration of remote patient monitoring technologies, and collaborative efforts across the care continuum, including the integration of artificial intelligence.

Global Post Acute Care Market Key Driver

The growth of the post-acute care market is anticipated to be propelled by the increasing prevalence of chronic diseases. Chronic diseases are characterized by persistent health conditions with long-lasting impacts, necessitating various treatment modalities, including surgery, physical therapy, psychological counseling, and radiotherapy. Medication remains a popular therapeutic approach, and the rising incidence of chronic diseases has heightened the demand for post-acute care. As of January 2023, the National Library of Medicine reported that by 2050, the United States is expected to have 142.66 million people aged 50 and older with at least one chronic disease, reflecting a substantial 99.5% increase from 2020's 71.522 million. This surge in chronic diseases underscores the driving force behind the post-acute care market's growth in the coming years.

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Global Post Acute Care Market Segments

The post-acute care market covered in this report is segmented –
1) By Service: Skilled Nursing Facilities, Inpatient Rehabilitation Facilities, Long Term Care Hospitals, Hospice Care, Home Healthcare Agencies, Other Services
2) By Conditions: Amputations, Wound Management, Brain Injury, Spinal Cord Injury, Neurological Disorders, Other Conditions
3) By Age: Elderly, Adult, Others
4) By Delivery Model: Hospital-Based, Freestanding, Home-Based
5) By Application: Chronic Care, Rehabilitation, Post-Acute Care
By Geography:The regions covered in the post-acute care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain North America was the largest region in the post-acute care market in 2023. North America is expected to be the fastest-growing region in the global post-acute care market during the forecast period. The regions covered in the post-acute care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Major Post Acute Care Industry Players

AMITA Health, Amedisys Inc., Athena Healthcare Systems, Bella Vista Health Center, Brookdale Senior Living Solutions, Care Centrix Inc., Sonoma Post Acute, Covenant Care California LLC, Alden Management Services Inc., Kindred Healthcare, Benchmark Senior Living, Encompass Health Corporation, Evernorth Health Inc., LHC Group Inc., Genesis Healthcare, COSMAX Co. Ltd., Kolmar Korea Co. Ltd., Estate Chemical Co. Ltd., Raphas Co. Ltd., Nox Bellcow Cosmetics Co. Ltd., Atrium Health, National HealthCare Corporation, The Ensign Group Inc., ProMedica Senior Care, PruittHealth Holdings Inc., Consulate Health Care Corporation, Signature HealthCARE LLC, SavaSeniorCare Administrative Services Inc., Five Star Senior Living Inc., Golden Living Senior Lifestyle Support, Life Care Centers of America Inc., Vibra Healthcare LLC, Diversicare Healthcare Services Inc., Nexion Health Inc., Orianna Health Systems, Regency Integrated Health Services LLC, Fundamental Clinical & Operational Services LLC, CareOne Management LLC, Daybreak Venture Partners, Marquis Health Services LLC

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Post Acute Care Market Overview

Post-acute care refers to a variety of healthcare treatments that assist the patient in maintaining their level of recovery from sickness or in managing a chronic condition or impairment. Patients might receive services at post-acute care centers to help them recover their strength and go home. Following an illness, accident, or hospitalization for surgery, patients receive these services. This serves as a link between the hospital and the subsequent stages of healing.

Post Acute Care Global Market Report 2023 provides data on the global post acute care market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The post acute care market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.