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Home Care Providers in the US - Industry Market Research Report

  • November 2016
  • -
  • Ibisworld
  • -
  • 42 pages

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



Abstract

Home Care Providers in the US

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.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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