by The U.S. post-acute care market involves providing medical care, rehabilitative therapies and long-term care services to patients after their hospital discharge. This includes skilled nursing facilities, home health agencies, assisted living facilities and long-term acute care hospitals that provide treatment for conditions such as stroke, chronic obstructive pulmonary disease and cardiac disorders. The demand for post-acute care services is increasing owing to the aging population in the country who are more prone to chronic diseases and require long-term services.
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.
The key opportunities in the U.S. Post-Acute Care Market Share include growing demand for home healthcare services, expansion of private medical insurance coverage and technological advancement in post-acute care facilities. Most companies are focusing on expanding their service offerings, investing in digital technologies and forging strategic partnerships which will propel market growth during the forecast period.
Globally, the U.S. dominates the post-acute care market owing to high healthcare expenditure and preference for long-term care facilities among aging population. However, other regions are also expected to witness rising demand. Many international players are entering partnerships with U.S based operators and exploring opportunities in developing countries to leverage high growth opportunities.
Market drivers
The rising geriatric population is one of the major drivers of the U.S. post-acute care market. As per the Census Bureau, people aged 65 years or older are projected to grow from 52 million currently to over 95 million by 2060. The elderly are more prone to chronic diseases, disabilities and require long-term care, driving demand for post-acute services. Additionally, increasing life expectancy and preference to age at home will further supplement the need for home-based rehabilitative therapies and long-term care.
PEST Analysis
Political: The U.S. Post-acute Care market is regulated by Centers for Medicare & Medicaid Services (CMS), Department of Labor and Department of Health and Human Services. Requirements around quality, safety and access to care influences competition and consolidation in the market.
Economic: With an aging population and longer lifespans, the demand for post-acute care services is increasing. However, reimbursement constraints from public and private payers put pressure on operating margins of providers.
Social: The preference for aging-in-place and being closer to family is driving growth of home and community-based services over institutional care. Coordination across healthcare settings is important to deliver personalized care according to patient needs and choices.
Technological: Adoption of digital health technologies allows remote patient monitoring, easier transfer of medical records and telehealth capabilities. This helps overcome staffing shortages and expand access to healthcare in rural and remote areas.
Geographical regions where market in terms of value is concentrated
The Northeast and West regions of the United States account for over 50% of the total U.S. post-Acute Care Market Regional Analysis value. This is due to higher population densities and greater acceptance of alternative care settings in states like New York, California, Pennsylvania and Florida. Within the Northeast, New York and Pennsylvania have a significant number of skilled nursing facilities, inpatient rehabilitation facilities and long term acute care hospitals to cater to their aging populations. The West coast states especially California lead the way in offerings of home health, hospice and assisted living services.
Fastest growing region for the U.S Post-acute Care market
The South region of the United States housing states like Texas, Florida, Georgia is witnessing the fastest value growth for post-acute care. This growth is being propelled by increasing life expectancies, migration trends and demand for cost-effective locations of care beyond hospitals. The wide acceptance of home and community-based services particularly in urban centers of the South makes it an emerging hotspot for post-acute providers to establish networks and partner with hospitals, physicians and insurers.
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
