The U.S. Post-Acute Care (PAC) Market: Size, Trends & Forecasts (2020-2024 Edition)
- Report Description Table of Contents
Scope of the Report
The report entitled “The U.S. Post-Acute Care (PAC) Market: Size, Trends & Forecasts (2020-2024 Edition)” provides an in-depth analysis of the post-acute care market in the U.S. including detailed description of market sizing and growth. The report provides an analysis of the U.S. post-acute care market by value, by spending, by number of providers and includes detailed segment analysis as well.
Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall post-acute care market in the U.S. has also been forecasted for the period 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The competition in the U.S. post-acute care market is highly fragmented due to the presence of large number of players competing with each other. The major players dominating the U.S. post-acute care (PAC) market are Kindred Healthcare, Amedisys, Inc., LHC Group, Inc. and Genesis Healthcare, Inc. The four companies have been profiled in the report providing detailed analysis of their financial information and business strategies.
- The U.S.
- Kindred Healthcare
- Amedisys, Inc.
- LHC Group, Inc.
- Genesis Healthcare, Inc.
Post-acute care is a continuum of facilities that accompanies the care delivered by an acute care hospital after major illness or injury. Post-acute care services are required by those patients who are no longer in life-threatening condition, but still demand quality care and services for a speedy recovery. Such patients are usually settled to post-acute care settings such as home health & hospice centers, skilled nursing facilities (SNFs), inpatient rehabilitation facilities (IRFs), and long-term acute care hospitals. Maximum number of modern hospitals and health care systems in the U.S. include wide number of services that fall into the category of post-acute care. The main purpose of post-acute care service is to improve the overall condition of the patients and enable them to return to their daily activities that the patient participated in before the illness or injury. In the U.S., large number of patients are covered under Medicaid and Medicare insurance health programs.
Post-acute care is divided into institutional-based programs and home and community-based services. Institutional-based programs are further segmented into inpatient rehabilitation facilities (IRFs), skilled-nursing facilities (SNFs) and long-term acute care (LTAC). Home and community-based services are divided into home health and hospice care.
The U.S. post-acute care (PAC) market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2020-2024). The market is expected to be driven by various growth enhancing factors such as aging population, growing prevalence of chronic diseases, rising healthcare expenditure, etc. However, the market is not free from challenges that are hindering its growth. Some of the major challenges faced by the market are tight labor supply and changes in reimbursement policies