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Post-acute Care Market Trends

  • Report ID: GMI5512
  • Published Date: Sep 2024
  • Report Format: PDF

Post-acute Care Market Trends

Chronic disease prevalence is a significant driver for the market. As the incidence of chronic diseases continues to rise, the demand for comprehensive post-acute care services grows accordingly. For instance, according to the Centers for Disease Control and Prevention (CDC), an estimated 129 million people in the U.S. have at least one major chronic disease. Over the past two decades, prevalence has increased steadily, and this trend is expected to continue. An increasing proportion of people in America are dealing with multiple chronic conditions; 42% have two or more, and 12% have at least five. Moreover, about 90% of the annual USD 4.1 trillion healthcare expenditure is attributed to managing and treating chronic diseases.
 

  • Chronic diseases such as diabetes, heart disease, COPD, and arthritis require long-term management and continuous care. Post-acute care services provide the necessary support for managing these conditions after a patient is discharged from the hospital. Effective post-acute care helps prevent complications associated with chronic diseases, such as infections, exacerbations, and other health deteriorations.
     
  • Moreover, many chronic conditions, such as stroke or cardiac disease, necessitate physical rehabilitation to restore function and improve quality of life. Post-acute care facilities offer specialized rehabilitation services tailored to these patients. Chronic diseases can impair patients' ability to perform daily activities, and occupational therapy within post-acute care helps patients regain or adapt their skills for independent living.
     
  • Furthermore, patients with chronic diseases often require complex medication regimens. Post-acute care services ensure proper medication management, adherence, and monitoring, reducing the risk of medication errors and adverse drug reactions. Post-acute care providers educate patients and caregivers about medication management, potential side effects, and the importance of adherence to treatment plans.
Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The global post-acute care industry was valued at USD 758.8 billion in 2023 and is projected to experience a CAGR of 7.4% during the forecast period, driven by the aging population, prevalence of chronic diseases, and advancements in medical technology.

Skilled nursing facilities (SNF) dominate the post-acute care industry, generating around USD 245.2 billion in revenue in 2023 due to the growing need for rehabilitation and long-term care services for the elderly population.

North America leads the post-acute care industry, generating USD 332.6 billion in revenue in 2023. The aging population, increasing chronic disease burden, and favorable Medicare and Medicaid reimbursement policies are the key factors contributing to the market growth in this region.

Prominent market participants include Alden Network, Amedisys, Athena Health Care Systems, Bella Vista Health Center, Brookdale Senior Living, Encompass Health Corporation, Genesis Healthcare, Select Medical Corp, and Vitas Healthcare

Post-acute Care Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 224
  • Countries covered: 24
  • Pages: 125
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