At 6.6% CAGR, North America Post-Acute Care Market is Projected to be Worth US$ 468.58 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America post-acute care market was valued at US$ 281.20 million in 2022 and is expected to reach US$ 468.58 million by 2030, registering a CAGR of 6.6% from 2022 to 2030. Rising number of strategic initiatives and increasing number of surgeries and post-surgery care requirements in geriatric population are among the critical factors attributed to the North America post-acute care market expansion.

Small and big companies operating in the North America North America post-acute care market adopt various strategies such as geographic expansion, new product launches, and technological advancements to boost their revenues. A few recent developments in the North America post-acute care market are mentioned below.

In September 2022, Maryland Post-Acute Care Associations and Real Time Medical Systems collaborated with CRISP to connect nursing facilities with a state-designated Health Information Exchange (HIE) program. The innovative program would offer nursing facilities resources and tools to better align with different types of healthcare providers through data transparency to reduce healthcare costs, enhance care, and lower hospital readmissions among the most vulnerable populations.

In September 2022, the Michigan Health Information Network (MiHIN) partnered with the largest post-acute electronic medical record vendor named PointClickCare's cloud-based software. Under this partnership, they aimed to enable 250 new post-acute providers and case managers to exchange real-time data through the Health Information Exchange (HIE). The MiHIN aims to advance and deepen healthcare collaboration, care coordination, and interoperability by offering access to real-time insights during any stage of treatment.

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.

The active participation of market players in expansions, partnerships, and mergers and acquisitions boosts the growth of the North America post-acute care market.

On the contrary, lack of skilled workforce hampers the growth of North America post-acute care market.

Based on by services, the North America post-acute care market is segmented into skilled nursing facilities, inpatient rehabilitation facilities, long-term care hospitals, home health agency, and others. The home health agency segment held 34.0% share of the North America post-acute care market in 2022, amassing US$ 95.54 million. It is projected to garner US$ 163.87 million by 2030 to expand at 7.0% CAGR during 2022-2030.

In terms of age, the North America post-acute care market is segmented into elderly, adult, and others. The elderly segment held 56.6% share of the North America post-acute care market in 2022, amassing US$ 159.07 million. It is estimated to garner US$ 265.24 million by 2030 to expand at 6.6% CAGR during 2022-2030.

By disease conditions, the North America post-acute care market is segmented into amputations, wound management, brain injury and spinal cord injury, neurological disorders, and others. The neurological disorders segment held 42.7% share of North America post-acute care market in 2022, amassing US$ 119.99 million. It is predicted to garner US$ 205.59 million by 2030 to expand at 7.0% CAGR during 2022-2030.

Based on country, the North America post-acute care market is categorized into the US, Canada, and Mexico. The US held 82.9% share of North America post-acute care market in 2022, amassing US$ 233.16 million. It is projected to garner US$ 390.77 million by 2030 to expand at 6.7% CAGR during 2022-2030.

Key players operating in the North America post-acute care market are 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, among others.

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