The Post-Acute Care Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Post-Acute Care Global Market Report 2024, The post-acute care market size 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 growth in the historic period can be attributed to aging population, healthcare policy changes, hospital readmission reduction initiatives, focus on value-based care, preventive care and early discharge, health information exchange.
The post-acute care market size 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%. The growth in the forecast period can be attributed to rise in chronic disease burden, focus on patient outcomes, pandemic preparedness, expansion of palliative care services, population health management. Major trends in the forecast period include patient-centered care, care coordination and transitions, data analytics for performance improvement, remote patient monitoring technologies, collaboration across care continuum, integration of artificial intelligence.
The growing number of chronic diseases is expected to propel the growth of the post-acute care market going forward. A sickness or health condition that develops over time and is persistent or has other long-lasting impacts is referred to as a chronic disease. There are several ways to treat chronic illness, including post-acute care like surgery, physical therapy, psychological counseling, and radiotherapy. The use of medication, however, is one of the most popular therapeutic modalities. There has been an increase in the need of post-acute care as the number of chronic diseases is increasing. For instance, in January 2023, according to the National Library of Medicine, a US-based biomedical library, there will be 142.66 million people aged 50 and older in 2050 who have at least one chronic disease, up from 71.522 million in 2020, a 99.5% rise. Therefore, the growing number of chronic diseases is driving the growth of the post-acute care market going forward.
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The post-acute care market covered in this report is segmented –
1) By Service: Skilled Nursing Facilities, Inpatient Rehabilitation Facilities, Long Term Care Hospitals, Hospice Care, Home Healthcare Agencies, Other Services
2) By Conditions: Amputations, Wound Management, Brain Injury, Spinal Cord Injury, Neurological Disorders, Other Conditions
3) By Age: Elderly, Adult, Others
4) By Delivery Model: Hospital-Based, Freestanding, Home-Based
5) By Application: Chronic Care, Rehabilitation, Post-Acute Care
Product innovations are a key trend gaining popularity in the post-acute care market. Companies operating in the post-acute care market are launching new products to sustain their position in the market. For instance, in October 2022, PointClickCare, a US-based healthcare technology platform launched Integrated Virtual Health Solution technology. The real-time connection between a patient and a real healthcare provider is ensured by this technology, providing better care and assisting patients in underserved or difficult-to-reach areas or locales.
The post-acute care market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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