US Home Healthcare Market Analysis


  • Published : September 2022
  • Report ID : 5065

  • Format: PPT, PDF

US Home Healthcare Market: Segmented by Type Analysis and Payor Analysis– Growth, Market Size, Future Prospects & Competitive Analysis, 2021 – 2030


SKU: 5065-2 Categories: ,

Report Description of the US Home Healthcare Market

Research Scope and Assumption

  • The report provides the market value for the base year 2021 and a yearly forecast up to 2030 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approaches for market sizing, analysing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

US Home Healthcare Report Scope

Research Objective:

  • To analyse and forecast the market size of US   Home healthcare market
  • To classify and forecast US   Home healthcare market based on application, drugs, project type, and application
  • To identify drivers and challenges for US   Home Healthcare market
  • To examine competitive developments such as mergers and acquisitions, agreements, collaborations, and partnerships etc. in US   Home healthcare market
  • To conduct pricing analysis for US   Home healthcare market
  • To identify and analyse the profile of leading players operating in US   Home healthcare market

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for US   Home healthcare market
  • Develop strategies based on the latest regulatory framework
  • Strategically analyse micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyse competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the US   Home healthcare market
  • Analyse the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyse their market shares and core competencies
  • We have a technically sound team which do deep dive research and also provides strategy-based consulting analysis

US    Home Healthcare Market Executive Summary

The home healthcare market comprises of companies (organisations, sole proprietors, and partnerships) that sell home healthcare services. These services are used to help people improve health function as it helps to provide initial treatment and avoid hospitalisation. Home healthcare is a group of procedures used to maintain the functionality of the home healthcare equipment. It is consoling care given by any trained caregiver to the patient while they are residing in their own homes. It is an economical way to provide patients with high-quality treatment in their homes.

Market Size and Key Findings

The US    Home Healthcare market size is at around US $ xx Bn in 2021 and is projected to reach US $ xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period.

US   Home Healthcare Market Size (In USD Bn)


Market Dynamics

Market Growth Drivers Analysis

Home health care is a varied range of medical services provided at home for an injury or illness. These services are usually more convenient, less expensive, and just as effective as hospital-based services or skilled nursing facilities. Growing demand of respiratory therapy services and infusion therapy services boost the market growth Furthermore, adoption of Home Healthcare Services leads to Lead to Reduced Healthcare Expenditure,the cost of treating the disease at home is less than institutional care due to the exclusion of additional hospital costs and other charges.

Market Restraints

Home healthcare services have long been vulnerable to waste, fraud, and abuse. In 2015, around 11,000 home healthcare agencies with USD 18.4 billion in their services were reimbursed by Medicare. The CMS has assessed that USD 10 bn of the USD 18.4 bn payment, were fraudulent or improper. The exposure to fraud about home healthcare is very high, which might act as a growth hindering factor in the growth of the market.

COVID-19 impact on “US Home Healthcare Market” 

The outbreak of the COVID-19 pandemic has resulted in postponed elective surgeries have led to a decline in the company’s home health admissions, as patients recovering from elective surgeries have historically represented approximately 15% of the company’s home health admissions. Hence, such factors are responsible for the decline in the U.S. home healthcare services industry.

Competitive Landscape

Key Players

The U.S. home healthcare services market is highly fragmented, with some market players leading the market with minimal percent share. Companies such as Kindred Healthcare held LHC Group, Amedisys Inc., Bayada, AccentCare, Trinity Health at Home, Brookdale seniot living Solution and Encompass Home Health & Hospice accounted for the highest market share in 2020. LHC Group inc. is one of the leading players in the market owing to the fact that the company is focused on an increasing number of partnerships with the U.S.-based healthcare network for post-acute services.

Products in Pipeline

Tredomo is a US-based startup developing a portable IoMT device for dose monitoring. The remote, integrated dose monitoring system guarantees on-time delivery of a valid and monitored thermosensitive dose with smart disposal. The device also continuously monitors each new dose, disposable sharps, internal and ambient temperatures, battery level, and performance diagnostics, and more

Notable Recent Deals

April 2020-Amedisys, Inc. announced the acquisition of Homecare Preferred Choice, Inc., doing business as AseraCare Hospice, through one of its wholly-owned subsidiaries.

March 2021-LHC Group Inc. and Orlando Health announced they are expanding their joint venture into St. Petersburg, Florida, by realigning Bayfront Home Health Services into the partnership’s portfolio. LHC Group already owned Bayfront Home Health Services, but now the home health provider will be controlled through the joint venture.

January 2021 – Encompass Home Health & Hospice home health and hospice segment is collaborating with approximately 140 alternative payment models, including Next Generation Accountable Care Organizations (ACOK MSSP, ACOS, and Direct Contracting Models, offering lucrative growth opportunities

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of US Home Healthcare

The increasing initiatives by the government for better home healthcare services across the U.S. is one of the major factors driving the market growth. The government is focusing on solidifying the infrastructure for home care services. For instance, in April 2021, the U.S. government announced to spend USD 400 billion towards affordable home-based care for the aging population and people with disabilities.

1. Report Description of the US Home Healthcare Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. US Home Healthcare Market Executive Summary
2.1 US Home Healthcare Market – Industry Snapshot & key buying criteria, 2021-2030
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of US Home Healthcare Market
3.1 Market Growth Drivers Analysis
3.1.1 More convenient, less expensive Services
3.1.2 Varied range of medical services provided at home
3.1.3 As effective as hospital-based services or skilled nursing facilities
3.1.4 Growing demand of respiratory therapy and infusion therapy services
3.1.5 Home Healthcare Services leads to Lead to Reduced Healthcare Expenditure
3.2 Market Restraints Analysis
3.2.1 Vulnerable to waste, fraud, and abuse
3.2.2 lack of Government Regulations for home healthcare in US
3.3 Covid-19 Market Impact Analysis
3.3.1 Negative impact on outcomes
4. US Home Healthcare Market Segmentation
4.1 By Type Analysis
4.1.1 Physician/Primary Care
4.1.2 Nursing Care
4.1.3 Physical, Occupational and/or Speech Therapy
4.1.4 Medical Social Services
4.1.5 Other Services
4.2 By Payor Analysis
4.2.1 Public Health Insurance
4.2.2 Private Health Insurance/ Out of Pocket
5. US Home Healthcare Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives in US Home Healthcare Market
6.4 Notable recent deals in US Home Healthcare Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers &Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Kindred Healthcare held LHC Group Company Overview
Product & Services, Strategies & Financials
7.2 Amedisys Inc. Company Overview
Product & Services, Strategies & Financials
7.3 Encompass Home Health & Hospice Company Overview
Product & Services, Strategies & Financials
7.4 LHC Group inc. Company Overview
Product & Services, Strategies & Financials
7.5 Bayada Home Healthcare Company Overview
Product & Services, Strategies & Financials
7.6 AccentCare Company Overview
Product & Services, Strategies & Financials
7.7 Trinity Health at Home Company Overview
Product & Services, Strategies & Financials
7.8 Brookdale Senior Living Solution Company Overview
Product& Services, Strategies & Financials.
8. Healthcare Policies and Regulatory Landscape
8.1 Pricing and Reimbursement scenario of US Home Healthcare Market
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development US Home Healthcare Market
9.2 Future Opportunities
10. Strategic Recommendations

Home Healthcare Market Segmentation

By Type Analysis:

Based on home healthcare equipment out look market is sub-segmented into therapeutic, diagnostic and mobility assist.

  • Physician/Primary care
  • Nursing Care
  • Physical, Occupational and/or Speech Therapy
  • Medical Social Services
  • Other Services

By Payor Analysis:

On the basis of the payor, the market is classified as public health insurance and private health insurance/out of pocket. The public health insurance segment accounted for the maximum portion of the market share in 2020.

  • Pubic health Insurance
  • Private Health Insurance/ Out of Pocket

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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