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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 | Nov 2016

Home again: Demand for services will remain high, but cuts in federal funding threaten profitability

The Home Care Providers market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$89bn
Annual Growth 11-16
4.5%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
1,780,797
Businesses
412,384
Industry Threats & Opportunities
  • Industry operators have increased consolidation activity in an effort to combat lower profitability
  • Companies have consolidated and focused on providing specialized services
  • More home care operators are expected to serve rural areas
  • ... purchase to read more

Industry Analysis & Industry Trends

An aging 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 have all fostered industry growth. Over the five years to 2016, these factors have contributed to revenue growth. Consolidation is forecast to continue over the five years to 2021 in light of reimbursement cuts that are expected to persist, and a shortage in skilled personnel. These factors will strain operating profit further, causing profit margins to stagnate over the next five years... ... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Home Care Providers industry is highly fragmented: IBISWorld expects the three-largest industry companies to generate less than 10.0% of industry revenue in 2016. As hospitalization costs have increased and aging consumers have embraced the home healthcare trend, many new operators have entered the industry in the past five years. The total number of industry operators has grown at an annualized rate of 4.7% during this period, a rate that has jumped ahead of the industry's 4.5% revenue growth over the same period.

Mergers and acquisitions

Although the industry has seen a large number of new entrants, it has also been defined by mergers and acquisitions that the largest industry companies have undertaken in the past five years. Gen.. ... purchase to read more

Additional Insights for the Home Care Providers Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Home Care Providers 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 industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    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


    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
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older
  • Number of people with private health insurance
  • Per capita disposable income
  • Current Performance
  • Consolidation and specialization
  • Reimbursement risk remains
  • Chart: Revenue Growth
  • Industry Outlook
  • Shift to chronic disease management
  • Benefits of healthcare reform
  • Impact of Medicare cuts
  • Employment and wages on the upswing
  • Table: Home Care Providers Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Home Care Providers 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
  • Homemaker and personal services
  • Other
  • Chart: Home Care Providers Industry Products and Services Segmentation
  • Demand Determinants
  • Affordability and insurance coverage
  • Aging population
  • Major Markets
  • Medicare
  • Medicaid
  • Private insurance
  • Out-of-pocket
  • Other
  • Chart: Major Market Segmentation for the Home Care Providers Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Home Care Providers
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Home Care Providers Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Home Care Providers 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 Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Adults 65 years and over (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • 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.

  • Why Buy this Report?
    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:
    • 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 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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