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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 Attributes | Details |
|---|---|
| Base Year: | 2022 |
| 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
Based on service, the skilled nursing facilities segment accounted for over 53% revenue share of the U.S. post-acute care market in 2022 and is expected to witness lucrative growth through 2032. Nursing homes offer a wide range of services to disabled people and patients with several unstable chronic diseases. Moreover, with the increasing severity of patients’ illnesses and disabilities, the type of care offered is also changing. Special care beds have witnessed an upsurge in usage in nursing facilities in recent years for patients with Alzheimer's disease or other dementia in general and the availability of expert nurses and physicians for medical treatment is projected to stimulate segment outlook.
As per age, the U.S. post-acute care market from the elderly (65 years & older) segment is anticipated to reach a valuation of more than USD 241 billion by 2032. A significant proportion of older persons have at least two chronic illnesses, and managing multiple chronic disorders is challenging. In such cases, post-acute care professionals and primary care physicians play a key role in caring for patients. The escalating need for qualified caregivers, as well as a corresponding requirement for technology solutions, is prompting governments to increase investments in the development of healthcare facilities, which is expected to foster the segment outlook.
By condition, the spinal cord injury segment held around 13% share of the U.S. post-acute care market in 2022 and is foreseen to grow steadily through 2032 attributed to the increasing prevalence of traumatic spinal cord injuries. According to the Spinal Cord Association, every year approximately 17,700 Americans acquire a spinal cord injury (SCI). SCI causes long-term functional impairments that have a major effect on the patient's community involvement and role, such as changes in work and living situations. This highlights the significance of long-term care services in providing significant assistance to persons suffering from SCI, which is expected to boost market size.
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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