Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1231.04 Million | USD 2210.85 Million | 6.03% | 2024 |
The global long-term acute care market size was worth around USD 1231.04 Million in 2024 and is predicted to grow to around USD 2210.85 Million by 2034 with a compound annual growth rate (CAGR) of roughly 6.03% between 2025 and 2034. 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 long-term acute care industry.
Long-term acute care (LTAC) is a part of the larger healthcare industry that deals with providing specialized medical care to patients that suffer from complex and difficult medical conditions and require extended hospitalization or medical care. Most of the patients that undertake LTAC suffer from chronic conditions that cause health deterioration as time passes. This is the reason why they need ongoing monitoring and medical treatment. Long-term acute care providing agencies provide a range of services like physical therapy, respiratory therapy, medication management, and wound care. In most cases, the nurse-to-patient ratio is higher in these units as compared to traditional hospitals. The medical professionals in LTAC segments are highly trained in terms of medical concepts and therapies since they have continuously dealt with complex medical cases that change from one patient to another. In recent years, the fraternity has registered high growth and is expected to continue its steady trajectory during the forecast period.
Growing rate of the aging population to propel market demand
The global long-term acute care market is expected to grow owing to the increasing rate of the aging population across the globe. As per reports by the United Nations, the global population aged 65 and over is projected to triple by 2050, from 703 million in 2019 to 1.5 billion in 2050. In Japan, the proportion of the population aged 65 and over is already the highest in the world. The geriatric population is more vulnerable to different types of long-term medical conditions that worsen with age. They are also in need of regular health monitoring to prevent any severe impact on their medical condition. One of the most common treatment procedures undertaken by people over the age of 65 years is arthritis which causes joint pain and inflammation and makes daily activities difficult. Other growing conditions include dementia, diabetes, cardiovascular diseases, and chronic obstructive pulmonary disease (COPD). In addition to this, the rising number of patients with chronic illnesses could lead to higher demand for LTAC units in the coming years.
Limited availability of LTAC centers to restrict market expansion
Although the demand and need for long-term acute care have grown over the years, the global long-term acute care industry is fairly new and still requires more awareness programs to educate the patient group about the benefits of associating themselves with LTAC centers. Currently, the world has more traditional hospitals, and continues to remain a priority amongst patients due to the existing confidence and awareness rate. In addition to this, the industry also struggles with a lack of skilled healthcare professionals that can work in the industry, for instance, respiratory therapists.
Growing investments toward technological advancements to provide growth opportunities
Since the global long-term acute care market has tremendous potential, it is registering a high rate of investments directed toward technological advancements that can help the centers provide better medical care and assist in reducing the length of hospital stays. With the adoption of advanced medical technical devices, therapies, and treatment plans, the industry players can work toward benefiting the patients and improving their revenue status.
Managing regulatory compliance to challenge market growth
One of the key challenges faced by the long-term acute care industry players is managing the stringent regulatory compliances that are extremely dynamic and change from one region to another. Since LTAC centers are crucial parts of the healthcare sector, they are bound by various regulations and laws as per state and federal laws that can sometimes be very time-consuming and complex to navigate. In case LTAC units fail to adhere to the rules, they may have to face large fines or penalties.
The global long-term acute care market is segmented based on Payer, Service, and region.
Based on Payer, the global long-term acute care market is divided into Private, Public, Others.
On the basis of Service, the global long-term acute care market is bifurcated into Nursing Care, Home Healthcare, Assisted Living Facilities, Hospitals & Palliative Care.
Report Attributes | Report Details |
---|---|
Report Name | Long-Term Acute Care Market |
Market Size in 2024 | USD 1231.04 Million |
Market Forecast in 2034 | USD 2210.85 Million |
Growth Rate | CAGR of 6.03% |
Number of Pages | 254 |
Key Companies Covered | Kindred Healthcare, Genesis Healthcare. Encompass Health, Amedisys, HCA Healthcare, PruittHealth, Vibra Healthcare, SavaSeniorCare, LHC Group, LifeCare Hospitals, National Healthcare Corporation, Five Star Senior Living, U.S. Physical Therapy, Golden LivingCenters, Consulate Health Care, Sunrise Senior Living, Bayada Home Health Care, Brookdale Senior Living, Signature Healthcare., and others. |
Segments Covered | By Payer, By Service, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to hold the largest part of the market
The global long-term acute care market is expected to witness the highest growth in North America with the US emerging as the most dominant regional shareholder. Factors like the growing elderly population and growing emphasis on value-based care models could act as growth propellers. In addition to this, the healthcare sector has initiated multiple programs to improve the quality of medical care and patient comfort. Due to this change in functional properties, the country is witnessing a rise in the number of players that are working toward developing hospital-at-home models that emphasize ensuring that the patients feel minimum to no discomfort. Europe is the second-most revenue-generating segment due to greater program awareness further strengthened by the presence of acute care management systems.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the long-term acute care market on a global and regional basis.
The global long-term acute care market is dominated by players like:
The global long-term acute care market is segmented as follows;
By Payer
By Service
By Region
FrequentlyAsked Questions
Long-term acute care (LTAC) is a part of the larger healthcare industry that deals with providing specialized medical care to patients that suffer from complex and difficult medical conditions and require extended hospitalization or medical care.
The global long-term acute care market is expected to grow due to rising prevalence of chronic diseases, aging population, advancements in medical technology, and increasing demand for post-acute care services.
According to a study, the global long-term acute care market size was worth around USD 1231.04 Million in 2024 and is expected to reach USD 2210.85 Million by 2034.
The global long-term acute care market is expected to grow at a CAGR of 6.03% during the forecast period.
North America is expected to dominate the long-term acute care market over the forecast period.
Leading players in the global long-term acute care market include Kindred Healthcare, Genesis Healthcare. Encompass Health, Amedisys, HCA Healthcare, PruittHealth, Vibra Healthcare, SavaSeniorCare, LHC Group, LifeCare Hospitals, National Healthcare Corporation, Five Star Senior Living, U.S. Physical Therapy, Golden LivingCenters, Consulate Health Care, Sunrise Senior Living, Bayada Home Health Care, Brookdale Senior Living, Signature Healthcare., among others.
The report explores crucial aspects of the long-term acute care market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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