Post-acute Care Market Size

Post-acute Care Market Size

The global post-acute care market was valued at USD 758.8 billion in 2023 and is anticipated to witness a CAGR of 7.4% from 2024 to 2032. The market's growth is expected to be driven by the increasing aging population, the prevalence of chronic diseases, and advancements in medical technology.

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The growing number of elderly individuals globally is one of the primary drivers of this market. Older adults often require extended care after hospitalization and are more likely to develop chronic conditions such as diabetes, hypertension, arthritis, and cardiovascular diseases. They are also more prone to injuries and surgeries, such as hip replacements or cardiac procedures. Post-acute care, including physical and occupational therapy, is essential for recovery and regaining independence. Managing these conditions often requires ongoing medical care and rehabilitation, driving the demand for post-acute care services. According to the United Nations, the global population aged 65 and older is projected to more than double by 2050, reaching nearly 1.5 billion.
 

Advancements in medical technology play a crucial role in driving the growth and evolution of the post-acute care market. The use of Electronic Health Records (EHR) has become widespread, with over 90% of hospitals in the U.S. adopting certified EHR systems, according to the Office of the National Coordinator for Health Information Technology (ONC). EHRs and Health Information Exchange (HIE) systems facilitate better coordination among healthcare providers, ensuring that accurate and comprehensive patient information is available throughout the post-acute care continuum.
 

Additionally, telehealth technologies allow for the remote monitoring of patients' vital signs and health status. Devices such as wearable sensors and home monitoring equipment enable healthcare providers to track patients’ conditions in real time and intervene promptly if necessary. Telemedicine facilitates virtual consultations between patients and healthcare providers, reducing the need for in-person visits and making it easier for patients to receive follow-up care and advice.