Home Care Providers in the US - Industry Market Research Report

Home Care Providers in the US - Industry Market Research Report

  • August 2021 •
  • 42 pages •
  • Report ID: 199146 •
  • Format: PDF
Taking care: Increasing chronic disease management is expected to drive industry revenue growth

Abstract

Home Care Providers in the US
The Home Care Providers industry is among the fastest-growing healthcare industries in the United States. Home care saves patients billions of dollars every year by treating them in their own homes instead of in hospitals. An aging population, the prevalence of chronic diseases, growing physician acceptance of home care, medical advancements and a movement toward cost-efficient treatment options from public and private payers have all fostered industry growth. Over the five years to 2019, industry revenue is expected to grow. Despite strong growth, industry profitability has been under pressure. Consolidation is forecast to continue over the five years to 2024 amid continued reimbursement cuts and a shortage in skilled personnel.

Companies in the Home Care Providers industry primarily provide services in the home. These services may be medical or nonmedical and include skilled nursing care, personal care, homemaker and companion services, physical therapy and medical social services. This industry also includes in-home hospice care providers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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