Home sweet home: Industry operators are benefiting from an increase in the aging population

The Home Care Providers industry in Illinois is benefiting from a growing number of aging adults. Over the five years to 2017, the number of adults aged 65 and older in Illinois is expected to grow, as the baby boomer generation enters retirement age. Additionally, the Affordable Care Act (ACA) includes a list of changes that encourage the transition from nursing home services to in-home managed care and significantly expand the number of people covered by public and private health insurance. In Illinois, home healthcare is largely unregulated. Industry operators must gain approval through the state's home health worker registry and can choose a specific license based on the services they are providing...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Loose regulation has enabled the rapid expansion of the industry landscape
  • The passage of healthcare reform has continued the trend of reduced reimbursement rates for industry services
  • A higher rate of disability among the elderly is likely to continue driving industry growth
  • Industry Report - Industry Key Buyers Chapter

    The Home Care Providers industry in Illinois is a highly fragmented industry. IBISWorld expects the four largest industry companies to generate 9.2% of industry revenue in 2017. As hospitalization costs have increased and aging consumers have embraced the home healthcare trend, many new operators have entered the industry over the five years to 2017. The total number of industry operators has grown at an annualized rate of 2.2% during this period.NonemployersNonemployee home care providers dominate the industry, with more than nine out of every 10 industry operators having no payroll. The majority of these companies are operated as sole proprietorships. Nonemployers are particularly prevalent within the industry due to the low barriers to industry entry. Ind...purchase to read more.

    Additional Insights for the Home Care Providers in Illinois Industry

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

  • Ability to take advantage of government subsidies and other grants
  • Proximity to key markets
  • Ability to attract local support, patronage and frequent referrals
  • IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Medicaid and Number of adults aged 65 and older in Illinois in the Home Care Providers in Illinois industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Home Care Providers in Illinois 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
  • Home hospice
  • Home therapy services
  • Homemaker and personal services
  • Traditional home healthcare and home nursing care
  • 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 in Illinois
  • Number of people with private health insurance in Illinois
  • Per Capita Disposable Income in Illinois

  • Current Performance
  • Older people demand industry services
  • Changing policies
  • Few regulations keep barriers to entry low
  • Chart: Revenue Growth

  • Industry Outlook
  • Further aging of the population
  • Uncertain policy climate
  • Industry growth
  • Table: Home Care Providers in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Home Care Providers in Illinois 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 Illinois Industry Products and Services Segmentation

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

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

  • Basis of Competition
  • Internal competition
  • External competition

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

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

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Home Care Providers in Illinois 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 Illinois Industry
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Adults 65 years and over in Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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
  • 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 Illinois 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 Illinois:
    • 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 Illinois 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 Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.