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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 | Jun 2015

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

IBISWorld’s Home Care Providers market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$73bn
Annual Growth 10-15
1.5%
Annual Growth 15-20
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Profit
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Employment
1,384,858
Businesses
312,531
Industry Analysis & Industry Trends

During the past five years, industry growth has been fostered by an aging US population, the prevalence of chronic disease, growing physician acceptance of home care, medical advancements and a movement toward cost-efficient treatment options from public and private payers. However, despite strong past growth, industry funding from government sources has come under intense pressure in recent years. In the next five years, Medicare and Medicaid reimbursement cuts will continue to seriously threaten the industry. Nevertheless, strong and steady revenue growth seems likely for the Home Care Providers industry in the next five years, as a result of an aging population and increasing interest in home healthcare... purchase to read more

Industry Report - Industry Analysis Chapter

The Home Care Providers industry, wherein skilled professionals provide medical and caregiver assistance to patients in their own homes, is a highly fragmented industry, with many small players offering a wide variety of home care services to an aging population. Relatively low barriers to entry and increasing demand for services keep the industry competitive; in some states where licensing is not required for nonmedical care, an individual with a personal vehicle may be enough to constitute a business. Larger industry operators do exist, but the nature of industry services (largely labor intensive, with low capital requirements) provides few incentives to accomplish economies of scale... 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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