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Home Care Providers in the US - Industry Market Research Report

Home Care Providers in the US - Industry Market Research Report

  • August 2017
  • 41 pages
  • ID: 199146


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


Home Care Providers in the US

The Home Care Providers industry is becoming one of the fastest growing healthcare industries in the United States. Home care saves patients billions of dollars every year by treating them in their own homes instead of in hospitals. 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 2017, industry revenue is expected to grow. Despite strong growth, industry profitability has been under pressure. Consolidation is forecast to continue over the five years to 2022 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. In an effort to spur new demand and maintain pricing, industry operators are expected to focus more on chronic disease management, which is a system of coordinated healthcare interventions and communications with the emphasis on patient self-care. This area of healthcare is anticipated to grow in upcoming years, which will provide the industry with the opportunity to compete effectively with institutional care providers, such as hospitals.

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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