Selbyville, Delaware, March 01, 2022 (GLOBE NEWSWIRE) —
Post-acute care in the United States market value is poised to exceed USD 578 billion by 2028, according to a new research report from Global Market Insights Inc. The growing emergence of new value-based payment models for post-acute care will drive the growth of the ‘industry.
Chronic diseases such as heart disease, diabetes, and cancer are one of the leading causes of death and disability in the United States. Some chronic diseases such as heart disease, stroke, respiratory disease, cancer, diabetes, Alzheimer’s disease, among others, can lead to long-term hospitalizations among the elderly population. These types of hospitalizations are expensive and account for about 75% of total healthcare spending in the United States alone according to the CDC. All these factors are expected to increase the market demand.
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The skilled nursing facilities segment exceeded USD 176 billion in 2021 due to the growing prevalence of chronic diseases in the United States coupled with a growing aging population with growing care needs. Additionally, the presence of skilled and cost-effective nursing facilities in the United States compared to hospitals boosts the company’s revenue. SNFs offer a wide range of services to patients, including special dietary needs, mental health services, therapy, housekeeping services and recreational activities.
Some of the key findings of the U.S. Post-Acute Care Market report include:
- The increasing prevalence of chronic diseases has changed patients’ preferences for receiving home health care, regardless of age; and payment terms should encourage switching to lower-cost care facilities.
- Rising healthcare spending and the presence of major market players will boost the outlook for the sector.
- Increased integration and collaboration with traditional care will fuel the company’s progress.
- The COVID-19 pandemic has had a negative impact on the market as admissions have declined in post-acute care facilities and empty beds have resulted in huge financial losses for skilled nursing facilities.
Browse key industry information spread over 380 pages with 404 market data tables and 12 report figures and graphs, “U.S. Post-Acute Care Market Analysis by Services (Inpatient Rehabilitation Facilities) [IRF]Skilled nursing facilities [SNFs]Home health agencies [HHAs]Palliative Care, Long Term Care Hospitals [LTCHs]), conditions (amputations, wound management, brain injuries, spinal cord injuries, neurological disorders), age (elderly [65 years and older]Adult [45 to 65 years]), Industry Analysis Report, State Outlook, Growth Potential, Competitive Market Share and Forecast, 2022-2028in detail with the table of contents:
The US amputation segment post-acute care market is expected to register a CAGR of 5.5% during the forecast period. Rising cases of diabetes mellitus, trauma and peripheral vascular disease will drive its demand. According to Amputee Coalition, more than two million people live with limb loss in the United States and 185,000 amputations occur each year in the region. Such a scenario requires proper treatment and care which increases the demand for post-acute care, thus increasing the business landscape.
The U.S. adult segment post-acute care market accounted for approximately 34% of revenue in 2021. Growing reliance of the adult population on post-acute care facilities for rapid recovery after hospital discharge will facilitate market statistics. Post-acute care services in modern health systems are of crucial importance to ensure the health of elderly patients, improving the efficiency of the acute care system. Additionally, the increase in the geriatric population and the prevalence of chronic disorders in the United States has necessitated the need for quality healthcare services such as post-acute care. These aforementioned factors will propel the landscape of the industry.
The East North Central Post-Acute Care Market was valued at around $71 billion in 2021. The region’s growth can be attributed to its large population, rising cases of obesity and diabetes, and increasing disposable income. In addition, the implementation of favorable government initiatives, the development of medical infrastructure to meet the healthcare needs will promote the demand from the regional industry. Moreover, with rising healthcare costs and the demand for post-acute care has increased dramatically. Such scenarios will positively promote the overall expansion of the market in the North-Central region.
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Some of the major business players operating in the US post-acute care industry include Alden Network, Amedisys Inc., AMITA Health, Athena Health Care Systems, Bella Vista Health Center, Benchmark Senior Living, Brookdale Senior Living, CareCentrix, Inc., CareCentrix , Inc., Covenant Care, Encompass Health Corporation, Evernorth Health, Inc., Focused Post Acute Care Partners, LLC, FutureCare, Genesis Healthcare, Kindred Healthcare, LHC Group, Lincoln Square Post-Acute Care, Mission Hills Post-Acute, Montecito Post-Acute Care and Rehabilitation, naviHealth, Inc., PAC Leaders, Peninsula Post-Acute, Post Acute Medical, Post Acute Partners, Healthcare, SoCal Post-Acute Care, Sonoma Post Acute, South Bay Post Acute Care, Spring Hills, SYMPHONY CARE NETWORK, Victoria Post Acute Care, Vineyard Post Acute, Vitas Healthcare and Windsor Post-Acute Care Center among others.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and advisory services, offering syndicated and custom research reports as well as consulting services. growth. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed using proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.