Comprehensive Post-Acute Care Market Analysis 2024: Size, Share, And Key Trends
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What is the Expected Growth Rate of the Post-Acute Care Market from 2024 to 2033?
The size of the post-acute care market has seen robust growth in the past few years. Its value is projected to rise from $771.4 billion in 2023 to $824.86 billion in 2024, with a compound annual growth rate (CAGR) of 6.9%. The growth experienced in the historical period is linked to factors such as the aging population, shifts in healthcare policies, initiatives to reduce hospital readmissions, emphasis on value-based care and preventive care, early discharges, and health information exchange.
The size of the post-acute care market is set to witness robust expansion in the forthcoming years. It is anticipated to surge to a net worth of $1092.06 billion by 2028, growing at a compound annual growth rate (CAGR) of 7.3%. This growth during the projected period is likely due to an increase in the prevalence of chronic diseases, focus on patient outcomes, pandemic readiness, the enlargement of palliative care services, and the management of population health. Key trends to look out for during this period include patient-oriented care, seamless care coordination and transitions, the use of data analytics for performance elevation, technologies for remote patient monitoring, cooperative efforts across the care continuum, and the incorporation of artificial intelligence.
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What Key Factors Are Fueling the Growth of the post-acute care Market?
The escalation in the incidences of chronic ailments is anticipated to boost the expansion of the post-acute care market in the future. Chronic diseases are illnesses or health issues that develop gradually and endure over a long period, or cause other lengthy effects. Chronic illnesses can be managed in several ways, such as post-acute care which includes procedures like surgeries, physical therapy, mental health counselling, and radiation therapy. However, medication remains one of the most sought-after treatment methods. The swelling prevalence of chronic diseases has amplified the demand for post-acute care. For instance, the US-based National Library of Medicine projected in January 2023, that by 2050, there will be 142.66 million people aged 50 and above suffering from at least one chronic ailment. This is a 99.5% increase from the 71.522 million in 2020. Thus, the surging count of chronic diseases is propelling the development of the post-acute care market in the coming years.
What Are the Major Segments of the Post-Acute Care Market?
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
What New Trends Are Transforming the Post-Acute Care Market?
The emergence of product innovations is a leading trend picking up momentum in the post-acute care market. Firms working in this market are introducing new products to maintain their foothold. For instance, PointClickCare, a healthcare technology platform based in the US, announced the launch of their Integrated Virtual Health Solution technology in October 2022. This technology guarantees a live link between a patient and a genuine healthcare provider, delivering superior care and supporting patients in underserved or challenging-to-access locations.
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Which Regions Are Driving Growth in the Post-Acute Care Market?
North America was the largest region in the post-acute care market in 2023. North America is expected to be the fastest-growing region in the global post-acute care market during the forecast period. The regions covered in the post-acute care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Post-Acute Care Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the post-acute care market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Post-Acute Care Market Include
1. Post-Acute Care Market Executive Summary
2. Post-Acute Care Market Segments
3. Post-Acute Care Market Size And Template Market Growth Rate
4. Key Post-Acute Care Market Trends
5. Major Post-Acute Care Market Drivers
……
25. Key Mergers And Acquisitions In The Post-Acute Care Market
26. Top Post-Acute Care Companies
27. Post-Acute Care Market Opportunities And Strategies
28. Post-Acute Care Market, Conclusions And Recommendations
29. Appendix
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