Long Term Acute Care Market Size, Share, Growth Report 2030

Global Long Term Acute Care Market Size

The global long term acute care market size was worth around USD 2.8 trillion in 2021 and is predicted to grow to around USD 4.6 trillion by 2028 with a compound annual growth rate (CAGR) of roughly 6.85% between 2022 and 2028.

The report analyzes the global long term acute care market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the market.

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Long Term Acute Care Market: Overview

Long term acute care is related to medical or treatment facilities dealing with patients suffering from serious medical conditions and requiring medical care for a longer duration but do not need intensive care or exhaustive diagnostic procedures. The treatment for the disease they are suffering from is generally longer as compared to other diseases requiring the patient to stay for more time at the facility but not under intense care. Medical centers providing long term acute care (LTAC) are generally located within the walls of hospitals treating acute illnesses, but they mostly function independently and require a special license to have a separate governing body.

There are cases where LTAC service providers exist as standalone facilities in which case they may offer certain outpatient services like radiology procedures, or other laboratories. Regions across the globe are witnessing a rising trend of unique and special medical cases, there are numerous medical discoveries taking place every day. In such circumstances, it becomes important that there should be dedicated facilities that cater to the specific needs of patients suffering from long-term illnesses. Since long term acute care facilities or hospitals do not have to worry about other patients, they can completely devote their resources and services to taking care of patients needing intensive care.

This makes the whole process extremely cost-effective since there is minimal overhead. As per the official standard, only patients that need hospital care for more than 25 days are considered for admission to LTAC units. The average stay length at these units is 30 days.

Generally, patients who are undergoing dialysis for chronic renal failure, the ones requiring multiple intravenous transfusions or medications, intensive respiratory care, long term, and continuous ventilator assistance, or patients with complex burns or wounds are admitted under long term acute care.

Key Insights

• As per the analysis shared by our research analyst, the global long term acute care market size is estimated to grow annually at a CAGR of around 6.85% over the forecast period (2022-2028).
•  In terms of revenue, the global long term acute care market size was valued at around USD 2.8 trillion in 2021 and is projected to reach USD 4.6 trillion, by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
• Based on medical care segmentation, emergency care was predicted to show maximum market share in the year 2021
• Based on service segmentation, intensive care units were the leading revenue-generating service in 2021.
• On the basis of region, North America was the leading revenue generator in 2021

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Covid-19 Impact:

The global long term acute care market cap witnessed significant growth during 2020 owing to the onset of Covid-19. The virus was extremely unpredictable due to its high mutation rate, and the varied impact it had on the health of infected people. Even though the symptoms of the virus were common amongst the population, its negative impact was different on every patient depending on the immunity level and other presence of other medical conditions. In some cases, the impact lasted for a longer time and patients had to be admitted for acute health failure.

Global Long Term Acute Care Market: Growth Drivers

Growing number of patients requiring LTAC to propel market growth

The global long term acute care market is expected to register significant growth owing to the drastic increase in the number of patients who suffer from acute disorders and require extensive medical care. One of the major causes of longer medical admissions where patients need constant medical monitoring is chronic kidney disease (CKD) and the number of patients suffering from CKD has grown to huge numbers in recent times.

As of 2022, more than 1 in every 7 individuals is affected by CKD in the USA which is approximately 15% of adults residing in the country. CKD is an extremely common medical condition affecting almost 10% of the world population and if the condition is neglected it may have huge implications on a patient's health. The global market growth trend is also driven by the rise in the number of cardiovascular diseases (CVDs) like coronary heart disease, peripheral arterial disease, and others. The cause of the disease ranges from genetic conditions to lifestyle and food habits. As per the World Health Organization (WHO), more than 17.9 people died due to CVDs in 2019 which is around 32% of the global death toll.

Long Term Acute Care Market: Restraints

High cost of treatment to restrict the market growth

Long term acute care is for patients who need constant medical attention over a long period. Generally, this is for medical conditions that require expensive medicines, along with frequent visits to diagnostic centers, doctor appointments, etc. which increases the overall cost of the medical treatment. The final cost may reach higher values when the patient has to be admitted to the hospital facility requiring dialysis, ventilator support, IVs, and other forms of medicinal help resulting in an increased financial burden which may restrict the global market growth trend.

Long Term Acute Care Market: Opportunities

Growing demand for postoperative care to provide market expansion opportunities

In many operative procedures, a patient will require prolonged medical attention after surgeries even though it may not be necessarily in the ICU. To cater to these needs, hospitals and medical facilities are putting in constant efforts to incorporate long term acute care centers within the facility. LTAC units have often been considered the right choice for patients with extreme illness since the staff present specialize in dealing with trauma-based medical conditions which may create global long term acute care market growth opportunities during the projection period.

Global Long Term Acute Care Market: Challenges

Lack of sufficient skilled staff to challenge market growth

High medical and technical skills are required to cater to the needs of patients admitted to ICU, and other acute care units. There is a gap between the number of skilled professionals needed to meet the growing demand for such medical staff in long term acute care facilities. This could be due to a lack of training or education resources, along with other factors which may challenge global market expansion by 2028.

Long Term Acute Care Market: Segmentation

The global long term acute care market is segmented by facility type, medical care, service, and region.

Based on facility type, the global market is divided into specialized hospitals, general acute care hospitals, rehabilitation hospitals, and psychiatric hospitals. With the growing research in the psychiatric field, the number of psychiatric hospitals has also been rising considerably. As of December 2021, there were around 575 registered psychiatric hospitals in the USA.

Based on medical care, the global market segments are short-term stabilization, emergency care, trauma care, acute care surgery, and others. Emergency care led the segment in 2021 with over 7.25% of the global market share. Healthcare professionals handling cardiovascular cases, infections, injuries, burn, and wound trauma cases play a significant role in the segmental growth.

Based on service, the global market segments are neonatal intensive care unit (NICU), intensive care unit (ICU), coronary care unit (CCU), and others. ICU dominates the segment owing to the increasing number of ICU admission. As per estimates, over 5 million people are admitted under intensive care every year, in the USA.

Recent Developments:

• In February 2019, HCA Healthcare, a US-based for-profit healthcare facilities operator, acquired the six-hospital system developed by Mission Health for a value of USD 1.5 billion. HCA has over 1800 care sites and 185 hospitals across the US and the UK market. With the acquisition, the company was able to invest in the western North Carolina market and provide excellent medical care to its residents.
• In December 2021, UpHealth Inc. opened the first-of-its-kind digitally enabled hospital for acute care for the Indian market. The hospital is called HelloLyf HX and is equipped with climate-resistant designs which were approved by the Indian Institute of Technology (IIT). The facility provides around 88 e-ICUs that are connected to injection syringe pumps and ventilators along with radiology and imaging, emergency care, outpatient & inpatient care, high-dependency care, and other facilities.

Report Scope:

Long Term Acute Care Market: Regional Analysis

North America to generate the highest revenue during the forecast period.

The global long term acute care market is expected to be driven by North America in the coming years owing to advanced medical care in nations like the USA and Canada. The governments of these regions spend heavy amounts on upgrading the medical infrastructure which is also aided by the support and investments received from private companies, pharmaceutical, and healthcare giants. The healthcare spending in Canada was around USD 8000 per person in 2021. The excellent medical reimbursement processes, as well as highly inclusive insurance schemes, may also lead to higher revenue generation.

Asia-Pacific is expected to grow significantly owing to increased initiatives undertaken by regional governments to enhance medical facilities and cater to the growing demand for high-quality medical care. The high demand may be driven by the rising population in regions like China, India, Japan, and others resulting in higher accidents which subsequently increase the number of patients under long term acute care. Looking at the regional market potential, many international firms are finding the Asia-Pacific market lucrative for improving their global footprint. Europe may be projected to grow steadily over the forecast period because of healthcare systems in Denmark, France, and Germany to name a few that are constantly innovating in the healthcare field.

Long Term Acute Care Market: Competitive Analysis

The global market is dominated by players like Fresenius Medical Care AG & Co. KGaA, TH Medical (Tenet Healthcare Corporation), Ascension, Asklepios Kliniken GmbH& Co. KGaA, Ramsay Health Care, IHH Healthcare Berhad, Universal Health Services, Inc., Mediclinic International, Community Health Systems, Inc., Lifepoint Health, Inc., and Ardent Health Services.

The global long term acute care market is segmented as follows:

By Facility Type

• Specialized Hospitals
• General Acute Care Hospitals
• Rehabilitation Hospitals
• Psychiatric Hospitals

By Medical Care

• Short-term Stabilization
• Emergency Care
• Trauma Care
• Acute Care Surgery
• Others

By Service

• Neonatal Intensive Care Unit (NICU)
• Intensive Care Unit (ICU)
• Coronary Care Unit (CCU)
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa