Health care industry’s pursuit for high quality at lower cost; regulators, providers, and payers are steering outcomes based payment and care delivery models.Increasing elderly population within the country is expected to drive the demand for geriatric care services in coming years.
Dallas, United States - December 15, 2021 /MarketersMedia/ —
The United States post-acute care (PAC) market has been gradually developing in recent years and is predicted to grow even more throughout the forecast period. The US post-acute care market is predicted to be driven by a variety of growth-promoting factors such as an aging population, an increase in the frequency of chronic illnesses, rising healthcare expenditures, and so on. However, tight labor supply and changes in reimbursement regulations are two of the US post-acute care market’s primary restraints. The US post-acute care market size is likely to project a CAGR of 6.0% during the forecast years 2021-2028.
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The development of chronic diseases as well as the rise in age-induced conditions across the US has prompted excellent healthcare services such as post-acute care. According to the CDC (Centers for Disease Control and Prevention), chronic illnesses afflict 6 out of every 10 persons in the United States. Chronic illness is one of the top causes of mortality in the United States, costing the country USD 3.5 trillion in yearly healthcare expenses. During the projection period, these factors are considerably contributing to the growing share of the US post-acute care market.
Post-acute care is a group of services offered to patients who are no longer in life-threatening conditions. It is a center that provides exceptional treatment and services for a quick recovery, with the main goal of improving the patients' general condition and allowing them to return to their everyday activities.
The US post-acute care market's growth will be largely driven by the graying of the US population, an increase in the number of patients suffering from multiple chronic illnesses, the incorporation of CMMI into payment models, increased Medicare expenditure on post-acute care, rapidly increasing technology improvements, and so on.
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On the other hand, changes in payment rules are having a big impact on the stocks of some home health care firms and other healthcare providers. Many PAC service providers have already said that the funding reductions would have an effect on the quality of acute care services. As a result, these developments are likely to limit the growth of the US post-acute care market throughout the projection period.
The US post-acute care market is basically segregated into segments such as application, type, as well as the regional scenario. In terms of type, the market is separated into inpatient rehabilitation facilities, skilled nursing facilities, hospice, home health, and long-term acute care hospitals. In terms of applications, the industry is separated into the elderly, children, as well as adults.
The Elderly segment is expected to be the largest and fastest-growing population in the US post-acute care market. If adequate post-acute care is not provided, approximately one-third of elderly people discharged from acute hospital medical wards will die within a year.
The US post-acute care industry is very fragmented, with a large number of enterprises participating. Among the notable firms are Amedisys, Inc., Kindred Healthcare, Brookdale Senior Living Inc., Genesis Healthcare, Inc., Santé, and LHC Group Inc. are the top five players operating throughout the US post-acute care market.
Key Segments of the U.S. Post-Acute Care Market
Type Overview, 2019-2028 (USD Billion)
Skilled Nursing Facilities
Home Health
Long Term Acute Care Hospitals
Inpatient Rehabilitation Facilities
Hospice
Application Overview, 2019-2028 (USD Billion)
Child
Adult
Elderly
Regional Overview, 2019-2028 (USD Billion)
West
Southwest
Middle Atlantic
New England
South U.S.
Midwest
Table Of Contents:
1. Introduction
1.1. Introduction
1.2. Market Definition and Scope
1.3. Units, Currency, Conversions and Years Considered
1.4. Key Stakeholders
1.5. Key Questions Answered
2. Research Methodology
2.1. Introduction
2.2. Data Capture Sources
2.3. Market Size Estimation
2.4. Market Forecast
2.5. Data Triangulation
2.6. Assumptions and Limitations
3. Market Outlook
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter’s Five Forces Analysis
3.4. COVID-19 Impact Analysis
4. U.S. Post-Acute Care (PAC) Market Competition By Manufacturers
4.1. United States Post-Acute Care (PAC) Market Share of Key Players/Manufacturers
4.2. United States Post-Acute Care (PAC) Market Competitive Situation and Trends
4.2.1. Mergers & Acquisitions, Expansion in United States Market
4.3. Operating costs of hospitals
4.3.1. Construction cost
4.3.2. Potential Total Costs for a 16-Bed Facility
4.3.3. Potential Personnel Costs
5. U.S. Post-Acute Care (PAC) Market by Type, 2019-2028 (USD Billion)
5.1. U.S. post-acute care market revenue share, by type, 2020 & 2028 (%)
5.2. Skilled nursing facilities
5.2.1. Market size and projections, 2019-2028
5.3. Home health
5.3.1. Market size and projections, 2019-2028
5.4. Long term acute care hospitals
5.4.1. Market size and projections, 2019-2028
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