Home healthcare is expected to expand at an impressive pace by 2028, according to the US Bureau of Labor Statistics. The growing ageing population is the major contributor to the expansion of home healthcare facilities in the United States and its states. According to the US Bureau of Labor Statistics, the number of people aged 65 and up will rise from 43 million in 2012 to over 85 million in 2050. The demand for home health services is forecast to expand as the senior population increases.
Since the aged are unable to travel for treatment with multiple chronic conditions, home nursing facilities can appear to have improved quality outcomes at a lower cost than inpatient care for post-acute treatments. The growing number of Americans over 65 who are qualifying for Medicare will continue to receive health coverage as well as value-based treatment in the comfort of their own homes, reducing total costs.
The traditional method of determining post-acute treatment facilities is to count the number of referrals. Despite the fact that digitalization of healthcare is drastically changing the world, referral contacts remain the foundation of the post-acute care sector. It is important to maintain healthy relationships and partnerships with therapists, hospice counselors, social workers, nurses, physicians, and managers, among others, in order to excel in the industry. While the majority of the measures can be completed remotely, the effectiveness of physical appointments is enhanced.
The post-acute care service providers should concentrate on recruiting older workers for their company because they can have wisdom, expertise, and sensitivity, which will help the service providers generate revenue. Such target areas would assist potential competitors in carving out a niche in a saturated industry.
Adroit Market Research study on the market for U.S. Post-Acute Care offers a holistic view of the industry from 2020 to 2028 as forecast period, including factors such as market drivers, limitations, opportunities, threats and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global market have been analyzed in depth.
Key vendors in the market include Kindred Healthcare, Amedisys Inc., LHC Group, Genesis Healthcare, AMITA Health, Post Acute Medical, Alden Network, Vitas Healthcare, Athena Health Care Systems, Brookdale Senior Living , and many more.
Key Segments of the U.S. Post Acute Care Market
Type Overview, 2018-2028 (USD Million)
- Skilled nursing facilities
- Home health
- Long term acute care hospitals
- Inpatient rehabilitation facilities
Application Overview, 2018-2028 (USD Million)
Regional Overview, 2018-2028 (USD Million)
- Middle Atlantic
- New England
- South U.S.