Long Term Acute Care Market Size, Share to grow to around USD 4.6 trillion by 2028

The study covers the global long term acute care market’s size, drivers, restraints/challenges, and the influence they have on the demands during the projected period. In addition, the study analyses potential prospects in the market. According to Zion Market Research, The global long term acute care market size was valued at around USD 2.8 trillion in 2021 and is anticipated to increase to around USD 4.6 trillion by 2028 with a CAGR of roughly 6.85% between 2022 and 2028. The Global Long Term Acute Care Market Size 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.

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

By Facility Type

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

By Medical Care

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

By Service

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

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 in 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.

Global Long Term Acute Care Market: Growth Drivers

Increasing patient demand for LTAC will drive market growth.

The global long term acute care market size is anticipated to expand significantly due to the dramatic rise in the number of people suffering from acute diseases and requiring substantial medical treatment. Chronic kidney disease (CKD) is one of the leading reasons for lengthier hospital admissions where patients require continual medical monitoring, and the number of patients suffering from CKD has exploded in recent years.

In the United States, nearly 15% of adults will be afflicted with CKD by 2022, which is more than 1 in 7 people. CKD is an exceedingly common medical ailment that affects about 10% of the global population, and if left untreated, it can have devastating effects on a patient's health. The increase in cardiovascular illnesses (CVDs) such as coronary heart disease, peripheral arterial disease, and others contributes to the market's expansion. The disease's causes range from hereditary to lifestyle and dietary factors. According to the World Health Organization (WHO), more than 17,9 persons died from CVDs in 2019, accounting for around 32 percent% of the worldwide mortality toll.

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