The U.S. post-acute care market size is likely to project a CAGR of 6.0% during the forecast years 2021-2028. Post-acute care is nothing but a spectrum of services which accomplish the treatment delivered by an acute care hospital following catastrophic injury or illness. These services are needed by those patients who are not in life-threatening condition for longer time, but yet demand superior quality services and care for a speedy recovery. Patients in this category are usually referred to post-acute care facilities such as hospices, home health, and skilled nursing facilities (SNFs). Increase in geriatric population across the globe along with surge in incidences of spinal cord injures and neurological disorders are anticpated to drive the growth of the market in the coming years.
Adroit Market Research report on U.S. post-acute care market gives a holistic view of the market, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for the period 2019 to 2028, with the base year of estimation as 2020 and forecast from 2021 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market based on Porter's five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the U.S. post-acute care market have been studied in detail.
Based on type, the U.S. post-acute care market has been segmented into skilled nursing facilities, home health, inpatient rehabilitation facilities, long term acute care hospitals, and hospice. The skilled nursing facilities segment dominated the market in 2020 and it is likely to maintain its place throughout the forecast years. Howevr, home health segment is predicted to grow at a rapid rate by 2028. The rise of home healthcare facilities in the United States and its states is mostly due to the country's aging population. The number of persons aged 65 and above will increase from 43 million in 2012 to over 85 million in 2050, according to the US Bureau of Labor Statistics.
As the senior population grows, the demand for home health services is expected to rise. Home nursing facilities can appear to offer better quality outcomes at a cheaper cost than inpatient care for post-acute therapies since the elderly are unable to travel for treatment of various chronic diseases. The growing number of Americans over 65 who qualify for Medicare will continue to receive health coverage and value-based treatment in the convenience of their own homes, lowering overall expenditures.
The major players of the U.S. post-acute care market are Kindred Healthcare, Amedisys Inc., LHC Group, Genesis Healthcare, AMITA Health, Post Acute Medical, Alden Network, Vitas Healthcare, Athena Health Care Systems, and Brookdale Senior Living among others.
Key Segments of the U.S. Post-Acute Care Market
Type Overview, 2019-2028 (USD Billion)
- Skilled Nursing Facilities
- Home Health
- Long Term Acute Care Hospitals
- Inpatient Rehabilitation Facilities
Application Overview, 2019-2028 (USD Billion)
Regional Overview, 2019-2028 (USD Billion)
- Middle Atlantic
- New England
- South U.S.