How Will The Post-Acute Care Market Globally Expand In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s post-acute care market report forecasts the post-acute care market size to grow to $1,008.87 Billion by 2027, with a CAGR (compound annual growth rate) of almost 7%.
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Post-Acute Care Market Size Forecast
The global post-acute care market is expected to grow from $723.57 billion in 2022 to $771.40 billion in 2023 at a compound annual growth rate (CAGR) of 6.61%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global post-acute care market size is expected to reach $1,008.87 billion in 2027 at a CAGR of 6.94%.
North America held the largest post-acute care market share and was the fastest-growing region in 2022.
Key Post-Acute Care Market Driver – Growth In Number Of Chronic Diseases
According to the National Library of Medicine, a biomedical library situated in the United States, there would be 142.66 million persons aged 50 and older in 2050 who have at least one chronic condition, up from 71.522 million in 2020, a 99.5% increase. As a result, the rising prevalence of chronic diseases is propelling the post-acute care industry ahead.
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Key Post-Acute Care Market Trend – Product Launches
Companies in the post-acute care market are launching new goods to maintain their market position. For example, PointClickCare, a US-based healthcare technology platform, will offer Integrated Virtual Health Solution technology in October 2022. This technology ensures a real-time link between a patient and a real healthcare provider, allowing for improved care and supporting patients in underserved or difficult-to-reach locations or localities.
Post-Acute Care Market Segment
1) By Service: Skilled Nursing Facilities, Inpatient Rehabilitation Facilities, Long Term Care Hospitals, Hospice Care, Home Healthcare Agencies, Other Services
2) By Age: Elderly, Adult, Others
3)By Conditions: Amputations, Wound Management, Brain Injury, Spinal Cord Injury, Neurological Disorders, Other Conditions
4) By Delivery Model: Hospital-Based, Freestanding, Home-Based
5) By Application: Chronic Care, Rehabilitation, Post-Acute Care
Post-Acute Care Market Major Players and Strategies
Major players in the post-acute care market 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, Kolmar Korea, Estate Chemical, Raphas, Nox Bell cow Cosmetics Co. Ltd. and Atrium Health.
Humana Inc., a US-based health insurance corporation, acquired Kindred Healthcare for an unknown sum in August 2021. Humana has become the largest home healthcare provider in the US by acquiring Kindred Healthcare, considerably increasing its capacity to deliver high-quality, whole-person healthcare that can improve patient health outcomes on a far larger scale. Kindred Healthcare is a post-acute healthcare services firm established in the United States that operates long-term acute-care facilities around the country and provides rehabilitation services.
The Post-Acute Care Global Market Report 2023 covers regional data on post-acute care market size, post-acute care market trends and drivers, opportunities, strategies, and post-acute care market competitor analysis. The countries covered in the post-acute care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Post-acute care encompasses a wide range of healthcare therapies that help patients maintain their level of recovery from illness or manage a chronic condition or impairment. Patients may receive services at post-acute care facilities to help them regain strength and return home. Patients obtain these services following a sickness, accident, or hospitalisation for surgery. This acts as a bridge between the hospital and the later stages of recovery.
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