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Post-Acute Care Market was valued at US$ 715.19 Billion in 2022 and is expected to reach to US$ 1,186.29 Billion by 2030; it is estimated to record a CAGR of 6.5% from 2022 to 2030

Post-Acute Care Market

Increasing Number of Surgeries and Post-Surgery Care Requirements in Geriatric Population Drive Post-Acute Care Market Growth

Cataract, cesarean, orthopedic, and cardiovascular procedures are among the most common surgical procedures performed in Asia Pacific, the Middle East & Africa, and South & Central America. An increase in the number of surgical procedures in these regions is mainly due to the rising prevalence of orthopedic disorders, cardiovascular disorders, and other chronic medical conditions. As per an article published in the National Center for Biotechnology Information (NCBI) in 2020, ~310 billion major surgical operations are carried out each year worldwide, and 50–60 billion of these are performed in the US while 20 billion are performed in Europe. Cardiovascular surgeries account for more than 16% of the total surgeries worldwide, followed by respiratory surgeries with a 3% share. According to the National Library of Medicine, an average of 4,624 surgeries are performed per year in India, and the national estimates after standardization were 3,646 surgeries per year per 100,000 people in 2021. According to the Dubai Health Authority (DHA), ~159,000 surgeries were performed in Dubai in 2021. An upsurge in major trauma and accident cases has further led to an increase in the number of surgical procedures in low- and middle-income countries. As per the World Health Organization (WHO), Saudi Arabia records ~35% road crash fatalities out of total mortalities, with a road crash fatality rate of 6,651. Transluminal coronary angioplasties are performed to open blocked coronary arteries. According to Eurostat, transluminal coronary angioplasties were most common in Croatia and Germany in 2020—on average, the procedures were performed 462 and 384 times per 100,000 inhabitants, respectively. Therefore, a spur in trauma cases and chronic disorders, alongside a rise in the number of surgical procedures, drives the post-acute care market growth.

Most people in the world anticipate living into their 60s and beyond these days, which indicates the increased life expectancy. Every country is recording growth in both the count and the percentage of elderly individuals. According to the WHO, 1 in 6 people in the world is likely to be aged 60 or more by 2030, and the population of individuals aged 60 and above would expand from 1 billion in 2020 to 1.4 billion by 2030. Furthermore, the global population with age 60 and older is likely to double to 2.1 billion by 2050. The number of persons who have progressed 80 years or above is anticipated to triple during 2020–2050, reaching 426 billion by 2050. Elderly people are at a higher risk of hospitalization than grown-ups in middle age. Thus, the aging population requiring care after surgeries favor the post-acute care market growth.

North America held the largest share of the global post-acute care market in 2022 owing to the rising prevalence of chronic conditions such as cardiovascular diseases and neurological disorders, which triggers the need for post-acute care, and attracts funding from strategic and private equity investors. In addition, many market players are expanding their geographic footprint in North American countries. The post-acute care market in the US is primarily driven by the increasing prevalence of chronic diseases, the rising geriatric population, and a growing number of product launches by key players. Aging is a prominent risk factor for chronic diseases, as people above 60 generally have compromised immunity. According to a study published by the Population Reference Bureau in 2020, the population of individuals aged 65 and above was 55 million in the US in 2020, and the number is expected to reach 95 million by 2060. According to the Centers for Disease Control and Prevention (CDC), nearly 735,000 Americans have a heart attack every year, out of which 525,000 patients have had a first heart attack while 210,000 patients have already had a heart attack in the past. According to the US Census Bureau, 2.5 million people in the US over the age of 75 suffer from aortic stenosis, accounting for 12.4% of the population over 75 years of age. As per an article published in the American Heart Association’s journal, mitral regurgitation is the most frequent valve disease in the US. It affects nearly 1 in 10 people who are 75 years or older.

Canada is the second-largest market for post-acute care in North America. Healthcare facilities in Canada are rapidly developing, enabling the best treatment opportunities for patients suffering from various health conditions. This is possible because the country provides advanced medical treatments to assist public and private health insurance. Hence, the Canadian post-acute care market is anticipated to grow at a significant pace during the forecast period. The prevalence of chronic diseases is increasing in Canada, which propels the adoption of post-acute care. According to the latest Global Burden Disease Study published in October 2020, Canada faces a high burden of cancer, heart disease, and kidney disease. Additionally, in 2021, the Canadian Cancer Society reported that cancer remains the leading cause of death in Canada. It is estimated that every 2 in 5 Canadians will be diagnosed with cancer in their lifetime. Thus, the increasing burden of diseases such as cancer further contributes to the post-acute care market growth in the country.

Post-Acute Care Market: Competitive Landscape and Key Developments

Amedisys Inc, Covenant Care California LLC, Sonoma Post-Acute, Victoria Post Acute, Mission Hills Post Acute Care, Vineyard Post Acute, Brookdale Senior Living Inc, The Alden Network, AdventHealth, and Bella Vista Health Center are a few key companies operating in the post-acute care market. Market players adopt product innovation strategies to meet evolving customer demands, thereby maintaining their brand names in the post-acute care market.

A few of the recent developments in the post-acute care market are mentioned below:

  • In September 2023, Medline partnered with SNF Metrics to offer nursing homes a business intelligence solution with fast and actionable data on risk, accounts receivable, clinical care, staffing, and reimbursement. The company announced an addition to its post-acute care technology solutions portfolio for nursing homes on the back of this partnership.

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