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Home Care Providers in the US - Industry Market Research Report

Home Care Providers in the US - Industry Market Research Report

  • June 2018
  • 36 pages
  • ID: 199146

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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 diseases, 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 2018, industry revenue is expected to grow at an annualized rate of 3.4% to $93.4 billion, including an increase of 3.1% in 2018 alone. Consolidation is forecast to continue over the five years to 2023 amid continued reimbursement cuts and a shortage in skilled personnel. These factors will continue to constrain profit growth, 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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