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Post-acute Care Market size was valued at USD 723.5 billion in 2022 and is anticipated to witness over 7% CAGR from 2023-2032. Rapidly expanding geriatric population to influence market outlook.
The rapidly growing number of older adults across the world and their subsequent healthcare requirements will positively anchor the post-acute care industry growth. The rising burden of several chronic ailments and complicated health issues, such as cardiovascular diseases amongst the geriatric population, specifically in the 75-84 age group, are posing numerous risks for healthcare practitioners. Post-acute care facilitates the functional recovery of older individuals while preventing unnecessary hospital readmission. Hence, the surging geriatric healthcare needs will influence the market expansion.
Report Attribute | Details |
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Base Year: | 2022 |
Post-acute Care Market Size in 2022: | USD 723.5 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 7% |
2032 Value Projection: | USD 1.4 Trillion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 294 |
Segments covered: | Service, Age, Condition, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The influx of multiple changes in reimbursement polices may act as a major constraint for the post-acute care industry progress. Numerous primary federal agencies, including the European Union and Medicare and Medicaid Services offer guidance on medical coverage as well as coding and payment for several healthcare facilities worldwide. The frequent corrections in the reimbursement policy guidelines introduced by these authorities have led to rising concerns to the organizations with respect to creating variety of responses for ensuring long-term success. This, in turn, is likely to result in decreased reimbursement rates from most payers. The lack of financial stability in the effective responses caused by the sweeping changes may also hinder the overall market development.
Post-acute care market valuation from the elderly (65 years & older) age segment is expected to record more than USD 537 billion by 2032 due to the surging prevalence of chronic ailments in this population base. Most older adults suffer from at least two chronic conditions, and subsequently cope with multiple chronic conditions. The European Union data suggests that around 35% of the adult population in Europe suffered from multiple chronic conditions in 2021. Thus, the growing demand for post-acute care providers for handling the affected patients and families whilst connecting them with the appropriate community resources as well as services will anchor the industry dynamics.
Post-acute care market size in North America is anticipated to record 6.7% CAGR through 2032 due to the higher availability of skilled healthcare professionals and well-established healthcare facilities. The increasing burden of chronic diseases coupled with supportive reimbursement policies has led to the rising rate of hospitalization rate in the region. The strong presence of favorable regulations is also complimenting the easy access to numerous treatment alternatives for enhanced patient care. The growing number of post-acute care service providers to cater to the growing geriatric disease burden will influence the regional market outlook.
Some of the prominent post-acute care industry players include :
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