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Home Care Providers in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Home Care Providers Market Research Report | NAICS 62161 | Sep 2014

Home again: Demand for industry services will remain high, but cuts in federal funding threaten revenue

The Home Care Providers market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$75bn
Annual Growth 09-14
3.6%
Annual Growth 14-19
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Profit
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Employment
1,460,074
Businesses
304,350
Industry Analysis & Industry Trends

Home is where the care is for a growing number of people in the United States. Industry growth has been fostered by an aging population, the prevalence of chronic disease, strengthening physician acceptance of home care and a continued movement toward cost-efficient treatment options from public and private payers. Despite strong growth over the past five years, however, the industry will be burdened by decreasing federal funding and subsequent reimbursement cuts over the five years to 2019, leading to a slight decline in industry revenue... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Home Care Providers industry is in a growing stage of its life cycle, although pending reimbursement cuts threaten a potential shift to significant decline in coming years. Over the 10 years to 2019, industry value added, or the industry's contribution to the overall economy, is forecast to shrink at an average annual rate of 0.4%. Although this rate is slower than the projected 2.7% annualized growth of US GDP during the same period, industry performance is expected to be significantly different in the next five years than it was during the past five years, and future performance is highly dependent upon the continued implementation of significant Medicare funding cuts... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Home Care Providers Industry?

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.

Industry Products
Traditional home healthcare and home nursing careHome hospiceHomemaker and personal servicesHome therapy services
 
Industry Activities
Providing homemaker and companion servicesAdministering in-home physical therapyProviding in-home hospice careProviding 24-hour home careAdministering in-home occupational and vocational therapyProviding in-home dietary and nutritional servicesAdministering speech therapyProviding in-home medical care


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