US Post-Acute Care (PAC) Market
US Post-Acute Care (PAC) Market Size By Type, By Application, By Competitive Landscape And Forecast
According to Verified Market Research, The U.S. Post-Acute Care (PAC) Market was valued at USD 343.8 Million in 2018 and is projected to reach USD 473.66 Million by 2026, growing at a CAGR of 4.2% from 2019 to 2026.
Post-acute care (PAC) has become a crucial element of the healthcare sector for the elderly population and to maintain their health. Post-acute care (PAC) comprises palliative or rehabilitation services, which beneficiaries receive after staying in an acute care hospital. Depending on the care intensity the patient needs, PAC treatment may include ongoing outpatient therapy, a stay in a rehabilitation facility, and care delivered at home. PAC settings consist of inpatient rehabilitation facilities (IRFs), long-term care hospitals (LTCHs), home health agencies (HHAs), and skilled nursing facilities (SNFs).
The rapid growth in the aging population and prevalence of chronic disease has necessitated the need for quality healthcare services such as post-acute care. For instance, according to the U.S. Centers for Disease Control and Prevention (CDC), 6 people out of 10 people are affected by chronic diseases. Chronic disease is among the leading causes of death in the U.S. and it accounts for the USD 3.5 trillion in annual healthcare costs. These factors are significantly contributing in the increased share of the U.S. post-acute market during the forecast period. The U.S. post-acute care (PAC) market will be transformed over the next 10 years, propelled by the Improving Medicare Post-Acute Care Transformation (IMPACT) Act of 2014. The PAC providers also covered by the IMPACT Act comprise skilled nursing facilities (SNF), home health agencies (HHA), long-term care hospitals (LTCH), and inpatient rehabilitation facilities (IRF). Such acts are expected to drive the U.S. post-acute care market growth during the forecast period.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.