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 SWOT Analysis Chapter
The Home Care Providers industry is in the growth stage of its life cycle. Over the 10 years to 2021, industry value added, or the industry's contribution to the overall economy, is forecast to increase at an average annual rate of 5.6%. This rate is faster than the projected 2.2% 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