The U.S. post-acute care market involves providing medical care and rehabilitation services to patients after they have been discharged from hospitals or long-term acute care facilities. Post-acute care includes skilled nursing facilities, inpatient rehabilitation facilities, long-term care hospitals, and home health agencies. These services help patients recover from and manage their medical conditions. The need for post-acute care is growing due to the rising prevalence of chronic illnesses and disabilities among the aging population in the U.S. Additionally, advancements in medical treatments are allowing people to live longer with complex health issues that require extended care and therapy.
The U.S. post-acute care market is estimated to be valued at US$ 614.2 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 are Kindred Healthcare, Encompass Health Corporation , HCR ManorCare, Brookdale Senior Living, Genesis HealthCare, Amedisys, Inc., LHC Group, Inc., Select Medical Holdings Corporation, Vitas Healthcare , Post Acute Medical, LLC, SavaSeniorCare Administrative Services LLC, LifeCare Health Partners, Extendicare, Ensign Group, Inc., Sunrise Senior Living, LLC, BAYADA Home Health Care. These companies offer a wide range of post-acute care services across various facilities and home care settings.
The U.S. Post-Acute Care Market Share provides numerous opportunities for growth in the coming years. The demand for long-term care and home health services is expected to increase rapidly as more patients prefer to recuperate at home rather than at facilities. There is also a shortage of skilled nursing staff which providers can address by offering competitive wages and benefits.
Many post-acute care providers are looking to expand their geographic footprint across the U.S. and internationally. Companies are pursuing mergers and acquisitions to broaden their service coverage and take advantage of consolidation opportunities in the fragmented industry. Market leaders are also developing strategic partnerships with hospitals, physician groups, and insurers to coordinate and improve post-discharge care for patients.
Market Drivers
The rising geriatric population is a major driver of the U.S. post-acute care market. As life expectancy increases, the number of elderly Americans needing long-term medical care and supervision is projected to surge significantly over the next decade. Chronic conditions that require ongoing rehabilitation and management are also more prevalent among seniors.
Increasing rates of hospital readmissions are driving the demand for high-quality post-acute services. Providers are under pressure to ensure smooth care transitions that prevent easily avoidable return trips to hospitals. This has put the spotlight on the importance of coordinating acute and post-acute care.
Market Restraints
High costs associated with long-term stays in skilled nursing facilities and inpatient rehab hospitals pose a major restraint on the U.S. post-acute care market. Many patients struggle to afford extended medical care or therapy on their own due to limited insurance coverage. Reliance on public payers like Medicare and Medicaid also exposes providers to funding uncertainties.
Finding qualified nurses, therapists, and other staff continues to be a challenge. Hiring healthcare workers requires competing with other sectors for talent. Regulatory compliance and quality reporting requirements have also become more stringent for post-acute providers.
Segment Analysis
The U.S. post-acute care market is dominated by the skilled nursing facilities segment which holds a share of over 40% owing to growth in aging population and rise in chronic conditions such as diabetes, cancer etc. requiring long term care services. Within skilled nursing facilities, free standing facilities form the largest sub segment due to accessibility and availability of various therapy and nursing services.
Global Analysis
Regionally, the Western United States holds the major share in the U.S. post-acute care market primarily due to well developed healthcare infrastructure and high healthcare expenditure. The region witnesses over 30% of market share and is expected to continue leading over the forecast period ascribing to factors such as increasing aged population, various insurance coverage and favourable reimbursement policies for long term care. The Southern United States stands as the fastest growing region backed by expanding number of assisted living facilities and rise in geriatric population preferring post-acute care services near their homes and families.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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