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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 | Dec 2014

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

IBISWorld’s Home Care Providers market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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
1,535,320
Businesses
330,190
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 - Starting a New Business Chapter

Barriers to entry for the Home Care Providers industry are low, as evidenced by the large number of industry players. The industry is highly fragmented with more than 310,000 different operators. A few companies hold significant market share positions in the respiratory and home infusion therapy markets; nonetheless, there are also large numbers of regional and local providers in these market segments. Most segments of this industry are characterized by low capital costs (with the possible exception of the home respiratory therapy market segment) and the personalized nature of the services provided... 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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