by The U.S. post-acute care market provides medical care after a hospital stay to help recover from illness, surgery or injury. This includes skilled nursing facilities, inpatient rehabilitation facilities, long-term care hospitals and home health. It involves nursing care, therapy services such as physical, occupational and speech therapy and assistance with daily activities like eating, bathing, and getting dressed. The growing geriatric population suffering from chronic conditions drives the demand for post-acute care services.
The U.S. Post-acute Care Market is estimated to be valued at US$ 614.2 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the U.S. post-acute care are Kindred Healthcare, Encompass Health Corporation , HCR ManorCare, Brookdale Senior Living, Genesis HealthCare, Amedisys, Inc., LHC Group, Inc., Select Medical Holdings Corporation, Vitas Healthcare , Post Acute Medical, LLC, SavaSeniorCare Administrative Services LLC, LifeCare Health Partners, Extendicare, Ensign Group, Inc., Sunrise Senior Living, LLC, BAYADA Home Health Care. Key players are focusing on expanding service offerings and facility networks to capitalize on market opportunities.
The growing geriatric population coupled with rising prevalence of chronic diseases among the elderly is driving demand for U.S. Post-Acute Care Market Share care services. Home health and community-based services are gaining popularity as they allow seniors to recover in the comfort of their own home minimally disrupting their daily lives.
With the changing preferences towards home-based care, providers are expanding their home health networks across major cities to cater to the rising demand. Foreign players are also entering the U.S. market through partnerships, acquisitions and by setting up operations to gain market share in this high growth industry.
Market Key Trends
One of the key trends gaining popularity in the U.S. post-acute care market is the shift towards home and community-based care. Traditionally, patients preferred facility-based services like skilled nursing facilities for rehabilitation post hospitalization. However, with medical innovations allowing for shorter hospital stays and growing desire of seniors to age-in-place, home health services are becoming more popular. They provide cost-effective alternatives to facility-based care while allowing Independence and familiar home environment to speed up recovery. This has accelerated the adoption of technologies facilitating remote care delivery and monitoring at home. Driven by favorable regulations, the trend of optimizing resources by shifting care to the least restrictive setting is expected to significantly transform and expand the home health sector.
Porter’s Analysis
Threat of new entrants: The high capital requirement and regulatory barriers pose moderate threats of new entrants in the post-acute care market in the US.
Bargaining power of buyers: Individual consumers have moderate bargaining power due to the variety of options for post-acute care, while insurers enjoy high bargaining power due to their consolidated nature.
Bargaining power of suppliers: Suppliers of medical equipment and supplies have low bargaining power due to the fragmented nature of the market.
Threat of new substitutes: Alternatives like in-home care pose low-to-moderate threats of substitution in the post-acute care market.
Competitive rivalry: The market comprises many regional and local players intensifying competition.
Geographical Regions with High Market Concentration
The Northeast region accounts for the largest share of over 25% of the total U.S. post-Acute Care Market Regional Analysis value in the US due to high demand and use of skilled nursing facilities. States like New York and Pennsylvania contribute majorly to the regional market size.
Fastest Growing Geographical Region
The Western region, comprising states like California and Washington, is expected to witness the highest CAGR of over 8% during the forecast period driven by rapidly growing elderly population, higher acceptance of long-term care insurance, and expanding availability of post-acute care centers.
About Author - Money Singh
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile
