Happy at home: Industry operators will benefit as California's population continues to age

The Home Care Providers industry in California is benefiting from a growing number of aging baby boomers. As people live longer due to advancements in medicine and technology, a growing number of seniors are looking to age in their homes and maintain independence for as long as possible. Additionally, loose regulation has enabled the rapid expansion of the industry landscape. As a result, industry revenue is expected to grow over the five years to 2017. A continuation of similar trends over the five years to 2022 is expected to drive demand for home care services in California. The number of people aged 65 years and older in the state is expected to rise, along with the role of personal home care services in keeping vulnerable aging and disabled populations at home...purchase to read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 12-17
5.5%
Forecast Growth 17-22
x.x%lock
Profit
x.x%lock
Employment
147,952
Businesses
52,575
Market Share of Companies

Industry Threats & Opportunities

  • As people live longer due to advancements in medicine and technology, seniors are looking to age in their homes for as long as possible
  • The passage of healthcare reform has reduced reimbursement rates for industry services
  • The aging population and the associated higher rate of disability among the elderly will drive growth

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    Industry Report - Industry Investment Chapter

    The Home Care Providers industry in California is labor intensive, with most companies relying on skilled care providers to deliver services. The nature of healthcare services depends highly on labor, with personal interaction required for most services. The average operator in this industry spends only about $0.02 on capital for every $1.00 spent on labor. The level of personal care is high and typically raises labor-related costs. Driving and other transportation expenses can further increase labor costs, as many industry professionals make house calls and therefore spend a lot of on-the-job time traveling. Furthermore, the fact that the care is provided in the home avoids the need for institutionalized facilities, which will reduce capital costs...purchase to read more.

    Additional Insights for the Home Care Providers in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Home Care Providers in California Industry are

  • Recommendation/accreditation from authoritative sources
  • Effective quality control
  • Ability to take advantage of government subsidies and other grants

    • IBISWorld analysts also discuss how external factors such as Number of Adults Aged 65 and Older in California and Federal funding for Medicare and Medicaid in the Home Care Providers in California industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Home Care Providers in California 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 care
  • Home hospice
  • Home therapy services
  • Homemaker and personal services
    • Industry Activities
  • Providing homemaker and companion services
  • Administering in-home physical therapy
  • Providing in-home hospice care
  • Providing 24-hour home care
  • Administering in-home occupational and vocational therapy
  • Providing in-home dietary and nutritional services
  • Administering speech therapy
  • Providing in-home medical care
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Number of Adults Aged 65 and Older in California
  • Federal funding for Medicare and Medicaid
  • Number of People with Private Health Insurance in California
  • Per Capita Disposable Income in California

    • Current Performance
  • Aging population fuels growth
  • Healthcare reform
  • Loose regulatory environment
  • Chart: Revenue Growth

    • Industry Outlook
  • Continued aging
  • Trends in healthcare reform
  • Industry landscape
  • Table: Home Care Providers in California Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Home Care Providers in California Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Health & Medical Insurance
  • Primary Care Doctors
  • Specialist Doctors
  • Hospitals
  • Retirement Communities
  • Consumers

    • Key Selling Industries
  • Administration of Government Programs
  • Brand Name Pharmaceutical Manufacturing
  • Employment & Recruiting Agencies
  • Generic Pharmaceutical Manufacturing
  • Glasses & Contact Lens Manufacturing
  • Medical Instrument & Supply Manufacturing
  • Medical Supplies Wholesaling

    • Products & Services
  • Traditional home healthcare and home nursing care
  • Home hospice
  • Home therapy services
  • Other
  • Homemaker and personal services
  • Chart: Home Care Providers in California Industry Products and Services Segmentation

    • Major Markets
  • Medicare
  • Medi-Cal
  • Private Insurance
  • Out-of-pocket
  • Other
  • Chart: Major Market Segmentation for the Home Care Providers in California Industry

    • Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Home Care Providers in California

    • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Home Care Providers in California Industry

    • Major Companies

    Kindred Healthcare LLC, Amedisys Inc., Comfort Keepers, Home Instead Senior Care, Interim HealthCare Inc.,
  • Table: Kindred Healthcare LLC - financial performance
  • Table: Amedisys Inc. - financial performance
  • Table: Comfort Keepers - financial performance
  • Table: Home Instead Senior Care - financial performance
  • Table: Interim HealthCare Inc. - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Home Care Providers in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Home Care Providers in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of adults aged 65 and older in California (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Chronic Disease Management
  • A system of coordinated healthcare interventions and communications for populations with long-term conditions in which patient self-care is significant.
    • Durable Medical Equipment (Dme)
  • Medical equipment used in the course of treatment or home care.
    • Electronic Data Interchange (Edi)
  • The transmission of electronic documents between businesses from one computer system to another.
    • Home Infusion Therapy
  • The administration of medication through a needle or catheter.
    • Homemaker And Companion Services
  • Helping patients with shopping, preparing and serving meals, housekeeping, taking clients to appointments and other daily chores.
    • Hospice
  • A program or facility that provides special care for people who are near the end of life and for their families
    • Personal Care Services
  • Nonskilled assistance provided to individuals in their homes, such as bathing, dressing and light housework.
    • Telehealth
  • The delivery of health-related services and information between patients and providers via telecommunications technologies.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Industry Market Report on Home Care Providers in California is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Home Care Providers in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Home Care Providers in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Home Care Providers in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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