Industry Analysis & Industry Trends
Over 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 Key Buyers Chapter
The Home Care Providers industry is highly fragmented: IBISWorld expects the three-largest industry firms to generate less than 10.0% of industry revenue in 2016. As hospitalization costs have increased and aging consumers have embraced the home healthcare trend, many new firms have entered the industry in the past five years. The total number of industry operators has grown at an annual average rate of 3.4% during this period, a rate only slightly behind that of the industry's 4.3% revenue growth over the same period.
Mergers and acquisitions
Although the industry has seen a large number of new entrants, it has also been defined by mergers and acquisitions that the largest industry companies have undertaken in the past five years... purchase to read more