Post-Acute Care Market 2024 - Competitive Landscape, Growth Factors, Top Vendors, and Outlook until 2033

The post-acute care market size has grown strongly in recent years. It will grow from $771.4 billion in 2023 to $824.86 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to aging population, healthcare policy changes, hospital readmission reduction initiatives, focus on value-based care, preventive care and early discharge, health information exchange.

The post-acute care market size is expected to see strong growth in the next few years. It will grow to $1092.06 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to rise in chronic disease burden, focus on patient outcomes, pandemic preparedness, expansion of palliative care services, population health management. Major trends in the forecast period include patient-centered care, care coordination and transitions, data analytics for performance improvement, remote patient monitoring technologies, collaboration across care continuum, integration of artificial intelligence.

Market Overview -
Post-acute care refers to a variety of healthcare treatments that assist the patient in maintaining their level of recovery from sickness or in managing a chronic condition or impairment. Patients might receive services at post-acute care centers to help them recover their strength and go home. Following an illness, accident, or hospitalization for surgery, patients receive these services. This serves as a link between the hospital and the subsequent stages of healing.

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Rising Chronic Diseases Fueling Growth In Post-Acute Care Market
The growing number of chronic diseases is expected to propel the growth of the post-acute care market going forward. A sickness or health condition that develops over time and is persistent or has other long-lasting impacts is referred to as a chronic disease. There are several ways to treat chronic illness, including post-acute care like surgery, physical therapy, psychological counseling, and radiotherapy. The use of medication, however, is one of the most popular therapeutic modalities. There has been an increase in the need of post-acute care as the number of chronic diseases is increasing. For instance, in January 2023, according to the National Library of Medicine, a US-based biomedical library, there will be 142.66 million people aged 50 and older in 2050 who have at least one chronic disease, up from 71.522 million in 2020, a 99.5% rise. Therefore, the growing number of chronic diseases is driving the growth of the post-acute care market going forward.

Competitive Landscape -
Major companies operating in the post-acute care market report are AMITA Health, Amedisys Inc., Athena Healthcare Systems, Bella Vista Health Center, Brookdale Senior Living Solutions, Care Centrix Inc., Sonoma Post Acute, Covenant Care California LLC, Alden Management Services Inc., Kindred Healthcare, Benchmark Senior Living, Encompass Health Corporation, Evernorth Health Inc., LHC Group Inc., Genesis Healthcare, COSMAX Co. Ltd., Kolmar Korea Co. Ltd., Estate Chemical Co. Ltd., Raphas Co. Ltd., Nox Bellcow Cosmetics Co. Ltd., Atrium Health, National HealthCare Corporation, The Ensign Group Inc., ProMedica Senior Care, PruittHealth Holdings Inc., Consulate Health Care Corporation, Signature HealthCARE LLC, SavaSeniorCare Administrative Services Inc., Five Star Senior Living Inc., Golden Living Senior Lifestyle Support, Life Care Centers of America Inc., Vibra Healthcare LLC, Diversicare Healthcare Services Inc., Nexion Health Inc., Orianna Health Systems, Regency Integrated Health Services LLC, Fundamental Clinical & Operational Services LLC, CareOne Management LLC, Daybreak Venture Partners, Marquis Health Services LLC

Innovative Product Innovations Catalyzing Progress In Post-Acute Care Market
Product innovations are a key trend gaining popularity in the post-acute care market. Companies operating in the post-acute care market are launching new products to sustain their position in the market. For instance, in October 2022, PointClickCare, a US-based healthcare technology platform launched Integrated Virtual Health Solution technology. The real-time connection between a patient and a real healthcare provider is ensured by this technology, providing better care and assisting patients in underserved or difficult-to-reach areas or locales.

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Key Segments -
The post-acute care market covered in this report is segmented -
1) By Service: Skilled Nursing Facilities, Inpatient Rehabilitation Facilities, Long Term Care Hospitals, Hospice Care, Home Healthcare Agencies, Other Services
2) By Conditions: Amputations, Wound Management, Brain Injury, Spinal Cord Injury, Neurological Disorders, Other Conditions
3) By Age: Elderly, Adult, Others
4) By Delivery Model: Hospital-Based, Freestanding, Home-Based
5) By Application: Chronic Care, Rehabilitation, Post-Acute Care

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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