Home Care Providers in the US - Industry Market Research Report

Taking Care: Increasing Chronic Disease Management is Expected to Drive Industry Revenue Growth

The Home Care Providers industry is among 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 hospitals. 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 revenue growth. Industry revenue has grown at an average annual rate of 3.4% to $136.2 billion over the past five years, including 4.8% growth in 2023 alone. Despite the COVID-19 pandemic's initial reduction in demand for home healthcare services, greater illness and government support have kept the industry growing. Companies in the Home Care Providers 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.