According to our latest study on "Post-Acute Care Market Forecast to 2030 -Global Analysis - Service Type, Age, and Disease Conditions," the market is expected to grow from US$ 715.19 billion in 2022 and is expected to reach US$ 1,186.29 billion by 2030; it is anticipated to record a CAGR of 6.5% from 2022 to 2030. The report highlights the key factors driving the post-acute care market growth and prominent players with their developments in the market.

The post-acute care market size is expanding with the rising cases of lung cancer and the increasing habit of smoking and tobacco consumption in countries such as the UK, Germany, the US, and India. ~48,000 people get diagnosed with lung cancer, and ~35,000 people die yearly because of the disease in the UK. Smoking is the most common cause of lung cancer, while other causes include passive smoking and exposure to certain gases and chemicals. Currently, every fourth man (~27.0%) and every fifth woman (~21%) in Germany smokes regularly. The current landscape for lung cancer therapies is promising, with multiple drug approvals, a rich pipeline, and many ongoing clinical trials. Multiple lung cancer therapies are in various stages of clinical development; pharmaceutical giants are working to expand their pipeline, which is a major opportunity prevailing in the post-acute care market.

Small and big companies operating in the 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 post-acute care market are mentioned below.

- In July 2023, Innovaccer Inc. partnered with Post Acute Analytics (PAA) to help health systems provide patient-centered, value-based care. Using Innovaccer's Best in KLAS data and analytics platform and PAA's integrated point-of-care AI platform as the foundation, healthcare providers can optimize care pathways and aid in the real-time monitoring of patient's progress throughout the acute and post-acute care continuum.

- 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, 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 post-acute care market.

The post-acute care market, by service type, is segmented into skilled nursing facilities, inpatient rehabilitation, long-term care hospitals, home health agencies, and others. In 2022, the skilled nursing facilities segment held the largest share of the market. However, the home health agencies segment is expected to grow at the fastest CAGR from 2022 to 2030. Skilled nursing facilities (SNFs) are an essential part of post-acute care, which involves providing custodial and medical care to patients and residents who cannot care for themselves. SNFs provide short-term care focused on helping patients achieve the ability to resume their activities of daily living after an injury, procedure, or illness. Skilled nursing care can be offered in remote locations, depending on the patient's requirements. Some post-acute care services provided by SNFs include wound care, pain management, medication management, IV therapy, nutritional counseling and support, physical therapy, occupational therapy, speech therapy, and psychotherapy/behavioral health services. Hospitals and skilled nursing facilities collaborate to create patient-focused care plans, which helps them avoid potential readmissions. Home care settings aim to assist individuals with various levels of dependencies to remain at home rather than staying in long-term, residential, or institutional-based nursing care. As per the FSG, INC report published in 2022, the Indian home healthcare (HHC) industry is growing at a notable pace. It is expected to grow at an annual rate of ~19% in 2022, driven by the increasing geriatric population, lower home care costs than hospitalization, and rising nuclearization of families. Thus, the major advantages of home care settings include cost-effectiveness with excellent clinical outcomes as patients save almost 20-50% of costs compared to regular hospital treatment, depending on the services, by adopting these services.

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 among the leading companies operating in the global post-acute care market.

Companies operating in the post-acute care market adopt various organic and inorganic strategies. Organic strategies mainly include product launches and product approvals. Acquisitions, collaborations, and partnerships are among the inorganic growth strategies witnessed in the post-acute care market. These growth strategies allow the market players to expand their businesses and enhance their geographic presence, thereby contributing to the overall post-acute care market growth. Further, acquisition and partnership strategies help them strengthen their customer base and expand their product portfolios.

A few of the significant developments by key market players are listed below.

- In January 2023, AdventHealth and the University of Chicago Medicine formed a partnership to establish UChicago Medicine AdventHealth. UChicago Medicine bought a controlling stake in AdventHealth's Great Lakes Region, which includes four Illinois hospitals in Bolingbrook, Glendale Heights, Hinsdale, and La Grange, as well as a network of over 50 physician offices and outpatient facilities.

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