Take care: The industry will rise as the number of elderly residents in Florida increases

As an alternative to institutional care, many Floridians seek the services of home care providers. Operators in the Home Care Providers industry in Florida attend to consumers in their homes, offering services such as nursing and personal care, companionship and physical therapy. Driven primarily by a large increase in the number of adults aged 65 and older in the state, the industry is expected to grow significantly over the five years to 2017. In addition to Florida's aging population, the prevalence of chronic disease, growing physician acceptance of home care, medical advancements and a movement toward cost-efficient treatment options have all fostered industry growth during the period...purchase to read more.

Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 12-17
5.7%
Forecast Growth 17-22
Profit
Employment
134,095
Businesses
64,043

Industry Threats & Opportunities

  • Retirees move to Florida for many reasons, including lower taxes than many northern states and the weather
  • The aging of the baby boomers has led to a wave of new demand for industry services in Florida
  • Industry growth will continue to be driven by the aging state population
  • Industry Report - Industry Locations Chapter

    The southernmost tip of Florida, specifically the Miami-South and Tampa-West regions, is home to nearly 60.0% of the state's population and, similarly, over 70.0% of all industry establishments. Miami-South contains 44.4% of all industry establishments, as well as 29.4% of the population, the most of any region. This region is composed of the three largest counties by establishments: Miami-Dade, which accounts for 21.2% of industry establishments; Broward county, comprising 11.7% of establishments; and Palm Beach County with a 11.5% share.The Tampa-West region contains 26.3% of all industry establishments, the second most in the state, but largest share of the population at 30.1% of all residents. Thi...purchase to read more.

    Additional Insights for the Home Care Providers in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Home Care Providers in Florida 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 Federal funding for Medicare and Medicaid and Number of adults aged 65 and older in the Home Care Providers in Florida industry impact industry performance..

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    What's in this report

    What is the Home Care Providers in Florida Industry?

    Companies in the Home Care Providers industry in Florida provide both medical and nonmedical services in consumers’ homes. These services may 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
  • Homemaker and personal services
  • Home therapy services
  • Home hospice
  • 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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older
  • Per capita disposable income in Florida
  • Number of people with private health insurance in Florida

  • Current Performance
  • Elderly population and changing preferences spur growth
  • Funding sources and the Patient Protection and Affordable Care Act
  • Chart: Revenue Growth

  • Industry Outlook
  • Tending to an aging population
  • Trends in healthcare and wage reform
  • Table: Home Care Providers in Florida Industry Revenue Outlook

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

  • 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 Florida Industry Products and Services Segmentation

  • Major Markets
  • Private insurance
  • Medicare
  • Medicaid
  • Out-of-pocket payments
  • Other
  • Chart: Major Market Segmentation for the Home Care Providers in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Home Care Providers in Florida

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Home Care Providers in Florida Industry

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

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

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Home Care Providers in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Adults 65 years and over (2008-2022)

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

    The Home Care Providers in Florida industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    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 Florida:
    • 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 Florida 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 Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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