A Post-acute Care Market - By Services (Inpatient Rehabilitation Facilities, Skilled Nursing Facilities, Home Health Agencies, Hospice Care, Long-term Care Hospitals), By Conditions (Amputations, Wound Management, Neurological Disorders), By Age (Elderly

Post-acute Care Market - By Services (Inpatient Rehabilitation Facilities, Skilled Nursing Facilities, Home Health Agencies, Hospice Care, Long-term Care Hospitals), By Conditions (Amputations, Wound Management, Neurological Disorders), By Age (Elderly, Adult) & Global Forecast, 2023 - 2032

Global Post-acute Care Market is slated to observe considerable gains through 2032, attributed to the growing strategic partnerships among post-acute care service providers. Many post-acute care service providers across the globe have joined hands to accomplish their shared vision of delivering high-quality care to patients. For instance, in February 2022, Encompass Health Corporation, a Birmingham-based healthcare company, entered into a joint venture agreement with Baptist Health, a U.S.-based healthcare provider, for the inclusion of the latter’s home health agency in Miami, Florida.

Overall, the post-acute care market is segmented in terms of services, age, conditions, and region.

On the basis of services, the post-acute care industry from the long-term care hospitals segment is poised to witness remarkable gains through 2032, owing to the surging prevalence of complex medication conditions that need long-term care. Moreover, long-term care hospitals offer quality care services such as pain management, respiratory therapy, head trauma care, and others to patients suffering from severe illnesses. They also provide specialized services in treating patients with more than one severe health issue, which has increased patient footfall in these facilities.

In terms of age, the post-acute care market from the adult (45-64 years) segment is expected to grow at over 7.5% CAGR from 2023 to 2032. Owing to the cost-effectiveness and convenience of bedside treatment options of post-acute care services, they have gained traction among adults within the age bracket of 45-64 years. Moreover, the growing occurrence of chronic disorders among the older population is further slated to bolster the demand for post-acute care services.

Based on conditions, the post-acute care industry from the neurological disorders segment is anticipated to record a valuation of over USD 300 billion by 2032. Surging incidences of neurological disorders such as Parkinson’s disease, Alzheimer’s disease, depression, multiple sclerosis, and others have augmented the need for post-acute care services. In fact, a study conducted by the Parkinson’s Foundation states that Parkinson’s disease affects around 90,000 people every year in the U.S. alone.

On the regional front, Asia Pacific post-acute care market is slated to grow at a substantial CAGR from 2023 to 2032. The rising prevalence of chronic disorders such as diabetes, cancer, and others has bolstered the demand for post-acute care services in the region. As per WHO, an estimated 77 million people above 18 years are living with type 2 diabetes in India alone. Furthermore, surging awareness of various post-acute care services is also creating a remarkable impetus for regional expansion.