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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 - Industry Products Chapter

Home care providers include home healthcare agencies, home care aide organizations and hospices. During the five years to 2014, the popularity of services provided by these organizations has been growing as more Americans age and cope with chronic conditions, bolstering demand for industry services. The laws governing these services and what exactly can be performed by home care agencies, home healthcare agencies or hospices vary from state to state. For the most part, non-medical senior home care is a private pay service, meaning it is not covered by Medicare or Medicaid programs and must be paid for independently. Medicare, Medicaid, long-term care insurance or veteran's benefits often cover home healthcare services... 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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