Newark, New Castle, USA, June 21, 2023 (GLOBE NEWSWIRE) -- In accordance with the most recent analysis by Growth Plus Reports, the global market for post-acute care was estimated to be worth US$ 735.40 million in 2022 and is expected to expand at a revenue CAGR of 6.8% to reach US$ 1,329.42 million by 2031.
The global market for post-acute care was analyzed and is expected to rise significantly during the forecast period. Post-acute care refers to a variety of medical and rehabilitation treatments provided to patients after they have been discharged from the hospital.
Key Takeaways:
- The growing geriatric population is driving the market revenue share.
- The prevalence of chronic disease is increasing the need for post-acute care treatments.
- Several technical advancements in quality care of patients and cost-effectiveness are boosting the market revenue growth.
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Post-acute Care Market Scope
| Report Attribute | Details |
| Market Size Value in 2022 | US$ 735.40 million |
| Market Size Value in 2031 | US$ 1,329.42 million |
| Growth Rate | CAGR of 6.8% from 2023 to 2031 |
| Base Year for Estimation | 2022 |
| Forecast Period | 2023 to 2031 |
| Historical Year | 2021 |
| Segments Covered | Services, Age, Conditions, and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Recent Development in the Global Post-Acute Care Market:
- In November 2022, K&B Underwriters and VirtuSense Technologies collaborated to provide a win-win situation for post-acute care facilities and their residents. K&B Underwriters' new CareAgents service is now available to post-acute healthcare providers.
- In February 2022, BAYADA Home Health Care introduced a new, innovative suite of digital care transition and coordination tools to help hospitals and health plan point venture partners better serve patients at home and in their communities.
Competitive Landscape
A list of the top market players operating in the global market for post-acute care are:
- Bella Vista Health Center
- Brookdale Senior Living
- Alden Network
- Athena Health Care Systems
- AMITA Health
Market Drivers and Restraints:
The global post-acute care market revenue is driven by the growing aging population, rising prevalence of chronic diseases, and rising healthcare expenditure. Furthermore, many market players and collaborations among top companies contribute to revenue growth.
However, lack of reimbursements, qualified healthcare professionals, and high costs are expected to restrain revenue growth of the global post-acute care market.
Market Segmentation:
Segmentation By Services
Based on services, the global post-acute care market is segmented into skilled nursing facilities, inpatient rehabilitation facilities, long-term care hospitals, home health agencies, and others. Due to the rise in the geriatric population and comprehensive care, the skilled nursing facilities segment accounts for the largest market revenue share.
Segmentation By Age
Based on age, the global post-acute care market is segmented into the elderly, adults, and others. The elderly segment accounts for the largest revenue share, as they require post-acute care majorly.
Segmentation By Condition
Based on conditions, the global post-acute care market is segmented into amputations, wound management, brain injury and spinal cord injury, neurological disorders, and others. The brain and spinal cord injuries segment accounts for the largest revenue share, as they require specialized post-acute care treatments, such as physical therapy, occupational therapy, speech therapy, and other types of rehabilitation, which are necessary for patients with these disorders.
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Regional Growth Dynamics
Based on the region, the global post-acute care market is segmented into North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa. Due to the increasing geriatric population, sophisticated healthcare providers, and skilled working professionals, North America accounts for the largest revenue share in the global market.
Report Coverage
Growth Plus Reports studied the global market for post-acute care in-depth. Basic market features, important investment sectors, analyses of regional growth, revenue projections, rival market participants, and mergers and acquisitions were all examined.
Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2021
- Base Year – 2022
- Forecast Years – 2023 to 2031
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trends (COVID-19 Perspective)
- Key Players & Competitive Positioning (2022)
- MARKET DYNAMICS
- Drivers
- Restraints/Challenges
- Opportunities
- GLOBAL POST-ACUTE CARE MARKET - ANALYSIS & FORECAST, BY SERVICES
- Skilled Nursing Facilities
- Inpatient Rehabilitation Facilities
- Long-term Care Hospitals
- Home Health Agencies
- Others
- GLOBAL POST-ACUTE CARE MARKET - ANALYSIS & FORECAST, BY AGE
- Elderly
- Adult
- Others
- GLOBAL POST-ACUTE CARE MARKET - ANALYSIS & FORECAST, BY CONDITIONS
- Amputations
- Wound Management
- Brain Injury and Spinal Cord Injury
- Neurological Disorders
- Others
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VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on 'Strategic Developments' registered by leading players of the market.
CUSTOMIZATION OPTIONS:
- Distributor Landscape Assessment
- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- 'Business Profile' of Key Players
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