Home Care Providers in Illinois - Industry Market Research Report

Home Care Providers in Illinois - Industry Market Research Report

  • June 2017 •
  • 30 pages •
  • Report ID: 5470262 •
  • Format: PDF
Home sweet home: Industry operators are benefiting from an increase in the aging population

Abstract

Home Care Providers in Illinois
The Home Care Providers industry in Illinois is benefiting from a growing number of aging adults. Over the five years to 2017, the number of adults aged 65 and older in Illinois is expected to grow, as the baby boomer generation enters retirement age. Additionally, the Affordable Care Act (ACA) includes a list of changes that encourage the transition from nursing home services to in-home managed care and significantly expand the number of people covered by public and private health insurance. In Illinois, home healthcare is largely unregulated. Industry operators must gain approval through the state’s home health worker registry and can choose a specific license based on the services they are providing. Ultimately, loose regulation has enabled the rapid expansion of the industry landscape. As a result, the number of industry enterprises and industry employees is expected to increase over the five years to 2017. A continuation of similar trends over the five years to 2022 is expected to drive demand for home care services in Illinois. The number of people aged 65 years and older in the state is expected to rise, along with the role of personal home care services.

Companies in this 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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