United States Home Care Markets, 2021-2025
DUBLIN, January 6, 2022 / PRNewswire / – The report “The US Home Care Market: Size, Trends and Forecasts with the Impact of COVID-19 (2021-2025)” has been added to ResearchAndMarkets.com offer.
The report provides in-depth analysis of the US home care market by value, type of service, number of jobs, etc. The report also provides detailed analysis of the impact of COVID-19 on the US home care market.
Home care is health care or supportive care provided by a professional caregiver in the individual home where the patient or client lives, as opposed to care provided in group accommodation such as clinics or nursing homes. . Home care is also referred to as home care, social care, or home care.
It includes a set of activities, in particular paramedical assistance by nurses and assistance with daily life for the sick, disabled or elderly. Occasionally, palliative and end-of-life care can be provided through home nursing care. Home care nurses can assist patients with activities of daily living (ADLs) such as bathing, using the toilet, and eating, or they direct and supervise the assistance in providing ADL care.
The healthcare industry has seen a shift in trend towards home care over hospital care due to revised standards regarding the COVID-19 pandemic. Awareness of home care services increased in 2020 as these services are safer and more cost-effective alternatives to hospital services.
In addition, service providers are expanding their portfolio by offering services, such as home COVID-19 testing. Even though the fear of COVID-19 infection is still high, new forms of work organization and infection prevention and control (IPC) policies and practices have paved the way for the continuation of healthcare services. home.
The US home care market has grown in the years 2017-2020 and projections are made that the market will increase tremendously in the next four years i.e. 2021-2025. The US home care market is expected to grow due to an aging population, increasing prevalence of chronic disease, increasing personal income per capita, low cost facility, etc.
Yet the market is facing some challenges such as lack of supporting infrastructure, risk to patient safety etc. Moreover, the market growth is said to be successful due to various market trends such as increasing use of telemedicine, increasing IoMt and more acute care etc.
The report also assesses the key opportunities in the market and describes the factors which are and will be driving the growth of the industry. The growth of the overall US home care market has also been forecast for the period 2021-2025, taking into account previous growth patterns, growth drivers, and current and future trends.
The US home care market is highly fragmented. The major players in the US home care market are Kindred at Home, Amedisys, Inc., LHC Group, Inc. and Encompass Health Corp. are also presented with their respective financial information and business strategies.
Main topics covered:
2.1 Home care: an overview
2.1.1 Introduction to Home Care
2.1.2 Benefits of home care
2.1.3 Disadvantages of home care
2.1.4 Types of home care
2.1.5 Non-medical home care versus home health care
2.1.6 Home care vs. Nursing homes
2.2 Home care segmentation: an overview
2.2.1 Home care segmentation by type of service
3. Analysis of the American market
3.1 The US Home Care Market: An Analysis
3.1.1 The US home care market in value
3.1.2 The US Home Care Market by Type of Service (Home Care & Nursing, Palliative Home Care, Home Therapy Services, Non-Medical Home Care, and Others)
3.2 The US Home Care Market: Type of Service Analysis
3.2.1 The US Home Health Care and Nursing Market by Value
3.2.2 The US palliative care market by value
3.2.3 US Home Therapy Services Market by Value
3.2.4 The US non-medical home care market by value
3.2.5 United States Other Home Care Market by Value
3.3 The US Home Care Market: Job Analysis
3.3.1 The American home health services market by number of jobs
4. Impact of COVID-19
4.1 Impact of COVID-19 on the home care industry
4.2 Labor shortage due to COVID-19
4.3 Policy response in the event of a pandemic
4.3.1 Access to relief funds from providers
4.3.2 Flexibility on physician signature requirements
4.3.3 Access to protective equipment
4.4 Post COVID-19 impact on the industry
4.4.1 Extended service opportunities
4.4.2 A more attractive labor market
4.4.3 More payment options
4.4.4 License requirements
5. Market dynamics
5.1 Growth drivers
5.1.1 Aging of the population
5.1.2 Increase personal income per capita
5.1.3 Growing Prevalence of Chronic Diseases
5.1.4 Increase home health care spending
5.1.5 Rapid urbanization
5.1.6 Low cost adjustment
5.2.1 Lack of supporting infrastructure
5.2.2 Risk to patient safety
5.2.3 Limited regulations
5.3 Market trends
5.3.1 Growing use of telemedicine
5.3.2 Increased IoMT and more acute care
5.3.3 Robust home health care planning and medical billing software
5.3.4 Growing use of health data analytics
6. Competitive landscape
6.1 The Players in the US Home Care Market: A Financial Comparison
6.2 U.S. Home Healthcare Players by Market Share
7. Company profiles
7.1 Company overview
7.2 Business strategy
- Amedisys, Inc.
- Encompass Health Corp.
- Family at home
- LHC Group, Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/tgim66
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