The U.S. Post-acute Care Market is Anticipated to Witness High Growth Owing to Increasing Geriatric Population
The U.S. Post-acute Care Market is estimated to be valued at US$ 380.1 Bn in 2024 and is expected to exhibit a CAGR of 7.1%

The U.S. post-acute care market involves the provision of medical services to patients/residents in various facilities such as skilled nursing facilities, inpatient rehabilitation facilities, long-term acute care hospitals, and home health agencies after a hospital stay. Post-acute care services are considered critical for improving health outcomes and quality of life, especially among the geriatric population. The market is primarily driven by the rapidly growing aging population, rising prevalence of chronic diseases, and focus on reducing readmission rates and healthcare costs in the country.

The U.S. Post-acute Care Market is estimated to be valued at US$ 380.1 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2031


Key Takeaways

Key players operating in the U.S. post-acute care market are Fushun Yongmao Construction Machinery Co., Ltd., Furukawa UNIC Corporation, Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd., KATO Works Co., Ltd., Kobelco Construction Machinery Co., Ltd., Kobelco Cranes Co., Ltd., Liebherr Group, Link-Belt Cranes (a subsidiary of Sumitomo Heavy Industries), LiuGong Machinery Corporation, Manitowoc Cranes, Palfinger AG, SENNEBOGEN Maschinenfabrik GmbH, Sany Group, Tadano Ltd., XCMG Group.

The U.S. Post-acute Care Market Growth offers several growth opportunities such as expansion of payment models, consolidation of healthcare providers, and development of integrated care delivery models. Leading market players are focusing on global expansion through mergers & acquisitions and partnerships to enhance their service offerings and geographical reach.

Market Drivers

Increasing geriatric population: The U.S. currently has the largest aging population in the world. One in every five Americans will be aged 65 years or older by 2030. With age, the risk of disabilities and need for long-term care increases sharply which is a major driver for growth of the post-acute care market.

Market Restraints

High costs associated:
U.S. Post-acute Care Market Challenges And Opportunitiescome at a significantly higher cost compared to other traditional care settings. With most insurance plans having limited coverage for long-term services and supports, high out-of-pocket costs deter many patients from opting for post-acute care. This acts as a key restraint for the market.


Segment Analysis
Skilled Nursing Facilities sub-segment currently dominates the U.S. Post-acute Care Market. This is because skilled nursing care is widely accessible and provides long-term care services such as wound care, intravenous therapy, and physical or occupational therapy. Skilled nursing facilities accounted for over 50% of the market in 2024 due to the increase in chronic illnesses like diabetes and cardiovascular diseases among the geriatric population.

Home Health Care services sub-segment is expected to be the fastest growing segment during the forecast period from 2024 to 2031. This is because non-acute patients prefer receiving medical care at home rather than being hospitalized or staying at nursing homes. The trend of shifting healthcare services from hospitals to home settings will drive the demand for various home-based post-acute care services.

Global Analysis
The Western region is currently the largest as well as the fastest growing regional market for post-acute care in the United States. This is attributed to the growing prevalence of chronic and lifestyle diseases among the aging population in states like California and Texas. The number of skilled nursing facilities, home health agencies and inpatient rehabilitation facilities are higher in the Western states compared to other parts of the country.

The Southern region also has a significant share in the U.S. post-acute care market. States such as Florida and Georgia have large numbers of baby boomers retiring each year and thus contributing to the region's market growth. The post-acute care needs as well as per capita healthcare spending are increasing at a steady rate in Southern United States.

 

 

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About Author:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )

 

 

The U.S. Post-acute Care Market is Anticipated to Witness High Growth Owing to Increasing Geriatric Population
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