Global Long-Term Acute Care Market: Overview
Long-term care involves an extensive spectrum of different services, from daytime help with various activities of daily living (ADLs) to trained nursing, rehabilitation, specialty care, and sub-acute care. It is usually delivered for an extensive period of time, during this period patient’s requirements may change requiring higher levels of care. A primary goal of long-term acute care is to support patients to maintain the highest degree of functional autonomy while offering a smooth continuum of care. The main kinds of long-term care are: Nursing homes are mainly engaged in offering inpatient nursing as well as health-associated personal care; home health care includes medical care services which are delivered at home by the non-facility of home-based health care groups; hospice care offers psychological, medical, and spiritual care for incurably ill patients as well as to their families.
Global Long-Term Acute Care Market: Growth Factors
Different factors such as rising number of patients in long-term acute care facilities, growing aging population, the rise in the need for long-term care services, technological advancement in patient care are projected to propel the global long-term acute care market. Furthermore, increasing government investment in healthcare division is projected to fuel the global long-term acute care market. On the other hand, the high price of new technologies, complicated workflow, and time-consuming technical interfaces are some of the aspects restraining the development of the global long-term acute care market. The global long-term acute care market is expected to witness sluggish expansion rate owing to the higher price of technologies.
Global Long-Term Acute Care Market: Segmentation
The global long-term acute care market is classified into application type and products type. In terms of application, the global long-term acute care market is divided into wound care, respiratory therapy, dialysis, and other therapies. In terms of product type, the global long-term acute care market is categorized into oxygen delivery devices, blood devices, advanced wound dressings, aerosol delivery devices, heart monitors, skin substitutes, and others.
Global Long-Term Acute Care Market: Regional Analysis
North America is projected to dominate and lead the global long-term acute care market due to the government funding, increasing aging population, and the implementation of the streamlined authoritarian framework. A huge percentage of the funding for long-term acute care in the U.S. is likely to come from the Medicaid. The investment is set to augment with the execution of the Patient Protection and Affordable Care Act. The Asia Pacific is projected to grow at the highest rate in the coming years due to the growing number of individuals who are diagnosed with chronic illnesses, for example, cardiac disorders, diabetes, and other respiratory syndromes. The global long-term acute care market is in the emerging stage and is likely to have a huge perspective. In India, it is expected that 65% of the clinical visits are managed at home. Acute care, for instance, injury supervision, an episode of recovery or illness from the operation can be simply given at home which is likely to eliminate the requirement to visit a hospital. This provides a prospectively untapped market for home healthcare and hospice in India.
Global Long-Term Acute Care Market: Competitive Players
Some of the most important market players in the global long-term acute care market are Fresenius Medical Care, CareFusion, Prism Medical Ltd., Philips Healthcare, Kinetic Concepts, Inc., Covidien, Promise Healthcare, Inc., and SelectMark, among others.
Global Long-Term Acute Care Market: Regional Segment Analysis
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