Industry Analysis & Industry Trends
No place like home
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, industry operating profit has been under pressure... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Home Care Providers industry is in the growth stage of its life cycle. During the 10 years to 2018, industry value added (IVA), or the industry's contribution to the overall economy, is forecast to increase at an average annual rate of 3.9%. This rate is faster than the projected 2.1% annualized growth of US GDP during the same period, indicating the industry will make up a larger share of the economy in the years ahead.
The industry is growing due to strong demand from the aging population, a shift in patient preferences toward home care rather than institutionalized care and an increasing appreciation for the cost savings of home healthcare relative to hospital care... purchase to read more