USA Home Healthcare Market Overview
According to SPER Market Research, the USA Home Healthcare Market is estimated to reach USD 322.82 billion by 2033 with a CAGR 7.69%.
The home healthcare market in the United States refers to the market for healthcare services delivered to patients in their homes. Nurses, physical therapists, occupational therapists, and home health aides are examples of healthcare professionals who provide home healthcare services. The purpose of home healthcare services is to give medical treatment and support to patients who are recovering from an illness or injury, managing a chronic disease, or need help with everyday activities. Skilled nursing care, wound care, medication administration, physical therapy, speech therapy, occupational therapy, and personal care services are all examples of home healthcare services.
Exploring the Growth Drivers of the United States Home Healthcare Industry
The home healthcare industry in the United States has developed dramatically in recent years, owing to many causes such as an aging population, a growth in chronic illness prevalence, and patients' desire to receive care in the comfort of their own homes. The growing senior population and rising frequency of chronic diseases, as well as attractive reimbursement for home healthcare equipment, are significant drivers in the US home healthcare market. The rising prevalence of chronic disorders such as diabetes, cancer, cardiovascular disease, and so on, as well as the growing elderly population, are likely to drive the market in the next years. Recent technological improvements and the cost-effectiveness of home healthcare services are expected to drive growth during the forecast period.
What challenges does the USA Home Healthcare Market face?
USA home healthcare market faces several challenges. For starters. to offer care to patients, the home healthcare business relies on a qualified workforce. However, there is a dearth of competent healthcare workers, such as nurses and home health aides, which makes meeting the increased demand for home healthcare services problematic. Medicare, Medicaid, and private insurance companies often reimburse for home healthcare services. However, payment policies can be complicated, and changes to these policies might have an impact on home nursing businesses' financial viability. The home healthcare sector is governed by a plethora of federal and state rules, which can be difficult and time-consuming to negotiate. To prevent penalties and legal concerns, home healthcare agencies must follow these requirements.
In what ways has the COVID-19 pandemic affected United States Home Healthcare Market?
During the initial stages of the pandemic, complete shutdowns and mobility restrictions occurred, resulting in a lack of medical equipment for use in both homes and hospitals. Restrictions on healthcare services and the fear of COVID-19 infection led to an increase in the use of home health services across the country, as it allowed patients to receive professional care at home while avoiding the risk of infection. Healthcare institutions are offering care programs such as hospital-at-home and SNF-at-home, which reduces stress on facilities while saving patients money on healthcare. The United States government is launching programs to increase access to home healthcare.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Equipment, By Service
|
| Regions covered | Northeast Region, Southeast Region, Midwest Region, Southwest Region, Western Region
|
| Companies Covered | 3M Healthcare, Amedisys, Inc., Atria Senior Living, Inc., B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Company, Brookdale Senior Living Inc., Diversicare Healthcare Services, Inc., Extendicare, Inc., Genesis Healthcare, Hoffman-La Roche AG, Home Instead, Inc., Homecare Pharmacy, Kindred Healthcare, Inc., McKesson Medical-Surgical, Inc., Medline Industries Inc., Medtronic plc, NxStage Medical, Senior Care Center, Sunrise Senior Living, LLC
|
Key Target Audience:
- Government Agencies
- Healthcare Service Providers
- Industry Associations
- Investors
- Researchers and Academics
- Others
U.S. Home Healthcare Market Segmentation:
1. By Equipment:
- U.S. Home Healthcare Market Value Share and Forecast, By Equipment, 2023-2033
- Diagnostic Equipment
- Mobility Assist Equipment
- Therapeutic Equipment
2. By Service:
- U.S. Home Healthcare Market Value Share and Forecast, By Service, 2023-2033
- Skilled Home Healthcare Services
- Unskilled Home Healthcare Services
3. By Region:
- Northeast Region
- Southeast Region
- Midwest Region
- Southwest Region
- Western Region
Key Topics Covered in the Report:
- USA Home Healthcare Market Size (FY’2023-FY’2033)
- Overview of USA. Home Healthcare Market
- Segmentation of USA. Home Healthcare Market By Equipment (Diagnostic Equipment, Mobility Assist Equipment, Therapeutic Equipment)
- Segmentation of USA Home Healthcare Market By Service (Skilled Home Healthcare Services, Unskilled Home Healthcare Services)
- Statistical Snap of USA Home Healthcare Market
- Growth Analysis of USA Home Healthcare Market
- Problems and Challenges in USA Home Healthcare Market
- Competitive Landscape in the USA Home Healthcare Market
- Impact of COVID-19 and Demonetization on USA Home Healthcare Market
- Details on Recent Investment in USA Home Healthcare Market
- Competitive Analysis of USA Home Healthcare Market
- Key Players in the USA Home Healthcare Market
- SWOT Analysis of USA Home Healthcare Market
- USA Home Healthcare Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the USA Home Healthcare Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. USA Home Healthcare Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in U.S. Home Healthcare Market
7. United States Home Healthcare Market, By Equipment (USD Million)
7.1. USA Home Healthcare Market Value Share and Forecast, By Equipment, 2023-2033
7.2. Diagnostic Equipment
7.2.1. Apnea and Sleep Monitors
7.2.2. BP Monitors
7.2.3. Diabetic Care Unit
7.2.4. Holter Rate Meters
7.2.5. Home Pregnancy and Fertility Kits
7.2.6. Multi Para Diagnostic Monitors
7.2.7. Other Diagnostic Equipment
7.3. Mobility Assist Equipment
7.3.1. Home Medical Furniture
7.3.2. Walking Assist Devices
7.3.3. Wheelchair
7.4. Therapeutic Equipment
7.4.1. Home Dialysis Equipment
7.4.2. Home IV Pumps
7.4.3. Home Respiratory Equipment
7.4.4. Insulin Delivery
7.4.5. Other Therapeutic Equipment
8. USA Home Healthcare Market, By Service (USD Million)
8.1. USA Home Healthcare Market Value Share and Forecast, By Service, 2023-2033
8.2. Skilled Home Healthcare Services
8.2.1. Hospice & Palliative Care
8.2.2. Nursing Care
8.2.3. Nutritional Support
8.2.4. Physical/Occupational/Speech Therapy
8.2.5. Physician/Primary Care
8.2.6. Other Skilled Home Healthcare Services
8.3. Unskilled Home Healthcare Services
9. United States Home Healthcare Market Forecast, 2019-2033 (USD Million)
9.1. USA Home Healthcare Market Size and Market Share
10. United States Home Healthcare Market, By Equipment, 2019-2033 (USD Million)
10.1. USA Home Healthcare Market Size and Market Share by Equipment (2019-2026)
10.2. USA Home Healthcare Market Size and Market Share by Equipment (2027-2033)
11. USA Home Healthcare Market, By Service, 2019-2033 (USD Million)
11.1. USA. Home Healthcare Market Size and Market Share by Service (2019-2026)
11.2. USA Home Healthcare Market Size and Market Share by Service (2027-2033)
12. United States Home Healthcare Market, By Region, 2019-2033 (USD Million)
12.1. USA Home Healthcare Market Size and Market Share by Region (2019-2026)
12.2. USA Home Healthcare Market Size and Market Share by Region (2027-2033)
12.3. Northeast Region
12.4. Southeast Region
12.5. Midwest Region
12.6. Southwest Region
12.7. Western Region
13. Company Profile
13.1. 3M Healthcare
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Amedisys, Inc.
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Atria Senior Living, Inc.
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. B. Braun Melsungen AG
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Baxter International Inc.
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Becton, Dickinson and Company
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Brookdale Senior Living Inc.
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Diversicare Healthcare Services, Inc.
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Extendicare, Inc.
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Genesis Healthcare
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Hoffman-La Roche AG
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Home Instead, Inc.
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. Homecare Pharmacy
13.13.1. Company details
13.13.2. Financial outlook
13.13.3. Product summary
13.13.4. Recent developments
13.14. Kindred Healthcare, Inc.
13.14.1. Company details
13.14.2. Financial outlook
13.14.3. Product summary
13.14.4. Recent developments
13.15. McKesson Medical-Surgical, Inc.
13.15.1. Company details
13.15.2. Financial outlook
13.15.3. Product summary
13.15.4. Recent developments
13.16. Medline Industries Inc.
13.16.1. Company details
13.16.2. Financial outlook
13.16.3. Product summary
13.16.4. Recent developments
13.17. Medtronic plc
13.17.1. Company details
13.17.2. Financial outlook
13.17.3. Product summary
13.17.4. Recent developments
13.18. NxStage Medical
13.18.1. Company details
13.18.2. Financial outlook
13.18.3. Product summary
13.18.4. Recent developments
13.19. Senior Care Center
13.19.1. Company details
13.19.2. Financial outlook
13.19.3. Product summary
13.19.4. Recent developments
13.20. Sunrise Senior Living, LLC
13.20.1. Company details
13.20.2. Financial outlook
13.20.3. Product summary
13.20.4. Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
