Post-Acute Care Global Market Report 2024

The post-acute care market has grown strongly in recent years. It will grow from $771.4 billion in 2023 to $824.86 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The expansion witnessed in the previous period can be credited to several factors. Primarily, the aging population contributed significantly to this growth. Additionally, shifts in healthcare policies, initiatives aimed at reducing hospital readmissions, an increased emphasis on value-based care, the promotion of preventive healthcare, early discharge practices, and the implementation of health information exchange systems collectively fostered this growth.

The post-acute care market is expected to see strong growth in the next few years. It will grow to $1092.06 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. During the upcoming forecast period, growth is anticipated due to several factors. These include a surge in the burden of chronic diseases, heightened attention towards enhancing patient outcomes, preparations for pandemics, the broadening scope of palliative care services, and an increased emphasis on population health management strategies. Notable trends projected in this period encompass a shift towards patient-centered care approaches, improved coordination during care transitions, leveraging data analytics for performance enhancements, the adoption of remote patient monitoring technologies, fostering collaboration across the care continuum, and the integration of artificial intelligence into healthcare practices.

Anticipated growth in the post-acute care market stems from the escalating prevalence of chronic diseases. These persistent health conditions necessitate ongoing treatments, including post-acute care interventions such as surgery, physical therapy, counseling, and radiotherapy. Medication remains a popular treatment modality. Notably, by January 2023, projections from the National Library of Medicine suggest a 99.5% rise, with an estimated 142.66 million individuals aged 50 and above expected to have at least one chronic disease by 2050, compared to 71.522 million in 2020. This surge in chronic diseases is a key driver fuelling the expansion of the post-acute care market.

The burgeoning healthcare expenditure is poised to underpin the future growth of the post-acute care market. This expenditure, encompassing spending on healthcare-related goods and services within a healthcare system or economy, significantly supports the development and accessibility of post-acute care services. For instance, as of November 2022, statistics from the Canadian Institute for Health Information indicate a noteworthy increase, reaching $331 billion in 2022 compared to 7.6% growth in 2021. This upward trajectory in healthcare spending substantiates the driving force behind the expanding post-acute care market.

Product innovation emerges as a prominent trend shaping the landscape of the post-acute care market. Companies within this sector are strategically launching novel products to maintain their competitive edge. For instance, in October 2022, PointClickCare, a US-based healthcare technology platform, introduced the Integrated Virtual Health Solution technology. This pioneering technology facilitates real-time connections between patients and healthcare providers, offering enhanced care particularly beneficial for underserved or geographically challenging areas.

Major players in the post-acute care industry are forging partnerships to gain a competitive advantage. These collaborations aim to enhance the delivery of value-based care within post-acute settings. An example is the partnership unveiled in July 2023 between Innovaccer, a US-based healthcare data activation company, and Post Acute Analytics, a US-based post-acute care entity. This strategic alliance focuses on fortifying post-acute value-based care delivery, providing innovative solutions addressing the unique challenges faced by healthcare organizations within this space. The collaboration serves as a milestone for both entities, empowering healthcare systems to effectively deliver high-quality, value-based care to post-acute patients while facilitating seamless integration of platforms without overwhelming IT teams.

In August 2021, Humana Inc., a US-based health insurance company acquired Kindred Healthcare for an undisclosed amount. By acquiring Kindred Healthcare, Humana has become the largest home healthcare provider in the country, greatly enhancing its capacity to deliver high-quality, whole-person healthcare that can enhance patient health outcomes on a far wider scale. Kindred Healthcare is a US-based post-acute healthcare services company, that runs nationwide long-term acute-care hospitals and offers rehabilitation services.

Major companies operating in the post-acute care market report are AMITA Health, Amedisys Inc., Athena Healthcare Systems, Bella Vista Health Center, Brookdale Senior Living Solutions, Care Centrix Inc., Sonoma Post Acute, Covenant Care California LLC, Alden Management Services Inc., Kindred Healthcare, Benchmark Senior Living, Encompass Health Corporation, Evernorth Health Inc., LHC Group Inc., Genesis Healthcare, COSMAX Co. Ltd., Kolmar Korea Co. Ltd., Estate Chemical Co. Ltd., Raphas Co. Ltd., Nox Bellcow Cosmetics Co. Ltd., Atrium Health, National HealthCare Corporation, The Ensign Group Inc., ProMedica Senior Care, PruittHealth Holdings Inc., Consulate Health Care Corporation, Signature HealthCARE LLC, SavaSeniorCare Administrative Services Inc., Five Star Senior Living Inc., Golden Living Senior Lifestyle Support, Life Care Centers of America Inc., Vibra Healthcare LLC, Diversicare Healthcare Services Inc., Nexion Health Inc., Orianna Health Systems, Regency Integrated Health Services LLC, Fundamental Clinical & Operational Services LLC, CareOne Management LLC, Daybreak Venture Partners, Marquis Health Services LLC.

North America was the largest region in the post-acute care market in 2023. North America is expected to be the fastest-growing region in the global post-acute care market during the forecast period. The regions covered in the post-acute care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the post-acute care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Key components of post-acute care include skilled nursing facilities, inpatient rehabilitation centers, long-term care hospitals, hospice care, home healthcare agencies, and other specialized services. Skilled nursing facilities function as inpatient medical and rehabilitation centers managed by qualified medical professionals. They offer specialized care, including medical, nursing, and rehabilitative services, albeit not at the same intensity as a hospital. Eligible individuals, encompassing the elderly, adults, and others facing conditions such as amputations, wound management, brain or spinal cord injuries, and neurological disorders, can access post-acute care services. These services are delivered through varied models, such as hospital-based, freestanding, or home-based, catering to chronic care, rehabilitation, and post-acute care needs.

The post-acute care market research report provides post-acute care market statistics, including post-acute care industry global market size, regional shares, competitors with an post-acute care market share, detailed post-acute care market segments, market trends and opportunities, and any further data you may need to thrive in the post-acute care industry. This post-acute care market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The post-acute care market includes revenues earned by entities by respiratory therapy, speech therapy, occupational therapy, and physical therapy. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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