US Post-Acute Care Market 2023 Global Insights and Business Scenario - COSMAX, KOLMAR KOREA, Intercos Technology (Suzhou SIP) Co., Ltd, COSMOBEAUTY CO., LTD., TOYO BEAUTY CO.,LTD, Raphas Co., Ltd.

The massive growth of the US post-acute care business is being fueled by a growing older population, an increase in the prevalence of chronic diseases, and a rise in the demand for home healthcare services. By 2027, the post-acute care market in the United States will be worth $443.84 billion, expanding at a CAGR of 4.6%. The need for geriatric care services is anticipated to rise in the coming years due to the growing older population in the nation.

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Type, application, end users, and geography are the different market segments for US post-acute care. The largest market segment is the home healthcare market, followed by the hospice market segment. The home healthcare category is estimated to grow at the fastest rate throughout the forecast period due to a rise in the demand for in-home care and the growing senior population.

One of the most recent advancements in the post-acute care industry in the US is the usage of telehealth services. As a result of technological improvements, telehealth services have become more and more popular, allowing patients to get care from the comfort of their homes. Due to the difficulty of patient access to healthcare facilities during the COVID-19 epidemic, this has become even more important. By use of telemedicine, virtual consultations, and remote patient monitoring, providers are able to give remote therapy.

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Another development in the US post-acute care industry is the expanding use of data analytics. Data analytics is being used by providers to boost clinical and operational performance, reduce readmissions, and increase patient outcomes. Healthcare workers can identify treatment gaps, gain more insight into patient behaviour and preferences, and develop more tailored care plans with the aid of data analytics.

In the upcoming years, the US Post-Acute Care business is expected to experience significant growth due to an aging population and increased demand for home healthcare services. Future growth of the US Post-Acute Care industry is also projected to be significantly influenced by the usage of data analytics and telemedicine services. As providers continue to invest in technology and broaden their reach through mergers and acquisitions, the industry is anticipated to develop significantly over the next years.

Recent years have seen an increase in mergers and acquisitions in the US post-acute care industry. For instance, in May 2021, Amedisys Inc. acquired the company that offered regulatory advising and compliance services. Amedisys will be able to enhance its compliance program and adhere to the stringent regulatory requirements established by the industry thanks to this purchase.

Additionally, in April 2021, Encompass Health Corporation, one of the leading US suppliers of post-acute healthcare services, purchased Frontier Home Health and Hospice, a provider of home healthcare and hospice services in Montana and Wyoming. Encompass Health's presence in the US Post-Acute Care market is predicted to increase as a result of this acquisition.

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