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U.S. Post-acute Care Market Analysis
- Report ID: GMI5203
- Published Date: Mar 2023
- Report Format: PDF
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.
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U.S. Post-acute Care Market Scope
