The US Home Healthcare Services Market size is expected to gain momentum by reaching USD 146.61 billion by 2028 while exhibiting a CAGR of 7.2% between 2021 to 2028. In its report titled "US Home Healthcare Services Market, 2021-2028," Fortune Business Insights mentions that the market stood at USD 85.10 billion in 2020.
Demand for affordable and accessible healthcare facilities is expected to drive market growth. Moreover, the U.S. government spends a considerable amount of its budget on healthcare facilities. For instance, the Center for Medicare & Medicaid Services report suggests that the national health expenditure grew by 4.6% and accounted for 17.7% of Gross Domestic Product (GDP). Besides, hospital expenditures grew by 6.2% in 2019, faster than the 4.2% growth recorded in 2018. Thus, increased spending by the government on the healthcare system will fuel market growth.
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List of Key Market Players Profiled:
Amedisys, Inc.
LHC Group Inc.
Encompass Home Health & Hospice
Brookdale Senior Living Solutions
Trinity Health at Home
Kindred Healthcare, LLC
AccentCare.
Bayada Home Healthcare
Other Prominent Players
Market Segmentation:
By type, the market for the U.S. home healthcare services is divided into physician care, nursing care, physical occupational & speech therapy, medical social services, and others.
Based on type, nursing care is expected to dominate due to increased demand for home healthcare services for people above 65.
The market is divided into public health insurance and private health insurance, and out-of-pocket based on payor.
Strong Infrastructural Capabilities of Home Care Services to Aid Growth in the Region
The US Home Healthcare Services Market stood at USD 85.10 in 2020 and is expected to showcase considerable growth during the forecast period. This is ascribable due to government support and increased infrastructure capability of home care services. For instance, in April 2021, the U.S. government announced an expenditure of USD 400 billion towards home care facilities for aging and disabled people. These home care facilities will be affordable and easily accessible to the needy.
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TOC of Report US Home Healthcare Services Market:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights General
Reimbursement & Regulatory Overview
Recent Industry Developments Mergers, Acquisitions & Partnerships
Ageing Population Statistics
Prevalence of Chronic Diseases
Number of Home Health Agencies
Impact of COVID 19 on the Market
US Home Healthcare Services Market (in value) Analysis, Insights and Forecast, 2017 2028
Key Findings / Summary
Market Analysis, Insights and Forecast, By Type
Physician Care
Nursing Care
Physical, occupational, speech therapy
Medical Social Services
Others
Market Analysis, Insights and Forecast, By Payor
Public Health Insurance
Private Health Insurance/Out of pocket
Competitive Analysis
Key Industry Developments
U.S. Market Share Analysis (2020)
Company Profiles (Overview, Products, SWOT, Recent Developments, Strategies, Financials (based on availability))
Kindred Healthcare
Amedisys Inc.
LHC Group Inc.
Encompass Home Health & Hospice
AccentCare
Brookdale Senior Living Solutions
Bayada Home Healthcare
Trinity Health at Home
Elara Caring
Other Prominent Players
Toc Continued…
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