Home Health Care Statistics, Trends And Facts 2023

Home health care is an ever-growing industry that is expected to reach $225 billion by 2022. With an aging population, increasing demand for in-home care, and advancements in technology, this sector has the potential to provide immense benefits for patients, care providers, and healthcare organizations.

In this post, we will explore home health care statistics that will give you a comprehensive understanding of this industry.

Home Health Care Statistics

Statistic	Value	Source
Market value of Home Care in 2012	$110B	IBIS World
Number of Home Care Providers in the US (2021)	429,045	IBIS World
Increase in Home Care Providers from 2020	3.7%	IBIS World
Increase in Home Care Providers over 5 years	>70k	IBIS World
Average annual growth rate (2016-2021)	3.3%	IBIS World
Expected CAGR of global home healthcare market (2021-2028)	7.88%	IBIS World
Industry ranking (Healthcare and Social Assistance)	8th	IBIS World
Industry ranking (Overall in US)	111th	IBIS World
Number of beneficiaries (2021)	4.3 million	Home Health Care News
Medicaid recipients on waiting list for home care	800,000	The New York Times
Projected additional home care jobs by 2029	1 million	Bureau of Labor Statistics

Home Care Trends:

Statistic	Value	Source
Percentage of payors who agree treating members at home is cost-effective	95%	carecentrix
Percentage of payors who have increased availability of at-home health care options	48%	carecentrix
Percentage of payors in process of increasing at-home care options	36%	carecentrix
Percentage of nursing homes that could close by end of 2021	66%	Modern Healthcare
Occupancy of nursing homes (declining)		The New York Times
Occupancy of assisted living facilities	75%	The New York Times
Increase in number of people seeking home care		The New York Times
Reduction in cost of care with “hospital at home” programs	30%	GRAND VIEW RESEARCH

Cost of Home Care

Statistic	Value	Source
Average annual cost of home care	$53,768	statista
Average hourly cost of home care nationally (2020)	$23-$24	Genworth
Monthly median cost of Homemaker Services	$4,481	Genworth
Monthly median cost of Home Health Aide	$4,576	Genworth
All-time high spending on home care in the US (2019)	$113.5 billion	The New York Times
Savings from overall medical treatment with home healthcare services	10-25%	GRAND VIEW RESEARCH
Average hourly cost of long-term care in the US (2020)	$23.5 (homemaker services) $24 (home health aide services)	statista
Expected average hourly cost of in-home care by 2030	>$30	statista
Forecasted average hourly cost of in-home care by 2050	$58.25	statista
Average annual cost of home health services in the US (2020)	$54,912	statista

Patient Preferences:

Statistic	Value	Source
Percentage of those surveyed who prefer to recover at home	72%	carecentrix
Percentage of those surveyed who prefer treatment at home	63%	carecentrix

1. The home health care industry is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2020 to 2027.
2. Around 44 million people in the US receive home health care services.
3. The home health care market is expected to reach $225 billion by 2022.
4. In 2020, the global home health care market was valued at $97.5 billion.
5. Around 33% of home health care patients are aged 65 or older.
6. The home health care sector is expected to employ 4.5 million people by 2026.
7. The number of people receiving home health care services is expected to increase by 4 million between 2020 and 2026.
8. Around 95% of home health care patients report that they are satisfied with the services they receive.
9. In 2020, the US home health care market was valued at $86 billion.
10. Around 85% of home health care patients have multiple chronic conditions.

Statistic	Value
Number of people receiving home health care services in the US	44 million
Average length of stay for home health care patients	65 days
Growth rate of the home health care industry	4.2% CAGR (2020-2027)
Market size of the home health care industry	$225 billion by 2022

Home Health Care Facts

Fact	Description
Home health care is a cost-effective alternative to traditional hospital care	Patients can receive high-quality care in the comfort of their own homes
Home health care helps reduce hospital readmissions	By providing patients with ongoing care and support, home health care helps reduce the risk of hospital readmissions
Home health care improves quality of life	Patients receive personalized care and support, which can help improve their overall quality of life
Home health care is growing in popularity	The demand for home health care services is expected to increase due to the aging population and advances in technology

11. The home health care industry is expected to create 1.5 million new jobs by 2026.
12. The average hourly rate for home health care workers is $10.33.
13. The home health care sector is one of the fastest-growing industries in the US.
14. The home health care industry is projected to be the fifth-largest employer in the US by 2026.
15. The home health care industry is expected to create over 400,000 new jobs by 2026.
16. The average length of stay for home health care patients is around 65 days.
17. The home health care industry is expected to be worth $17 billion by 2026.

Home Health Care Benefits

Benefit	Explanation
Personalized care	Patients receive one-on-one care and support tailored to their individual needs
Cost-effective	Home health care is a more affordable alternative to traditional hospital care
Improved quality of life	Patients receive care and support that can help improve their overall quality of life
Reduced hospital readmissions	By providing patients with ongoing care and support, home health care helps reduce the risk of hospital readmissions
Increased independence	Patients are able to receive care and support while maintaining their independence and daily routines

18. Home health care services provide patients with a more personalized and cost-effective alternative to traditional hospital care.
19. Home health care can help improve patients’ quality of life and reduce hospital readmissions.
20. Home health care can help improve patients’ ability to manage their chronic conditions.
21. Home health care can help reduce the risk of falls and improve mobility.
22. Home health care can help patients maintain their independence and continue living at home.
23. Home health care can provide patients with more control over their health and well-being.
24. Home health care can help improve patients’ overall health outcomes.

Home Health Care Trends

Trend	Description
Telehealth services	The demand for telehealth services is growing, providing new opportunities for growth in the home health care industry
Wearable technology	The increasing adoption of wearable technology is expected to create new opportunities for growth in the home health care industry
Aging population	The aging population is expected to create a growing demand for home health care services
Advances in technology	Advances in technology are expected to provide new opportunities for growth in the home health care industry

25. The adoption of telehealth technology is expected to increase in the home health care industry.
26. The use of wearable technology and mobile devices is expected to increase in the home health care industry.
27. The adoption of electronic health records (EHRs) is expected to increase in the home health care industry.
28. The use of artificial intelligence (AI) and machine learning is expected to increase in the home health care industry.
29. The demand for home health care services is expected to increase due to the aging population.
30. The use of cloud technology is expected to increase in the home health care industry.

Home Health Care Market Analysis

31. The home health care market is segmented into various categories such as rehabilitation services, medical supplies and equipment, nursing services, and personal care services.
32. The rehabilitation services segment is expected to grow at the highest CAGR during the forecast period.
33. The nursing services segment is expected to hold the largest share of the home health care market.
34. North America is expected to dominate the home health care market, followed by Europe.
35. The home health care market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period.

Home Health Care Demographics

Demographic	Percentage of Patients
65 or older	33%
85 or older	30%
Female	55%
Male	45%
Medicare coverage	70%

36. Around 33% of home health care patients are aged 65 or older.
37. Around 30% of home health care patients are aged 85 or older.
38. Around 55% of home health care patients are female.
39. Around 45% of home health care patients are male.
40. Around 70% of home health care patients have Medicare coverage.

Home Health Care Software

41. The use of home health care software is expected to increase due to the growing demand for telehealth services.
42. The use of home health care software can help improve patient care and reduce administrative costs.
43. The use of home health care software can help improve communication and coordination between healthcare providers.
44. The use of home health care software can help improve the quality of care and reduce errors.
45. The use of home health care software can help streamline billing and payments.

Home Health Care Opportunities

46. The aging population is expected to create a growing demand for home health care services.
47. Advances in technology are expected to provide new opportunities for growth in the home health care industry.
48. The growing demand for telehealth services is expected to create new opportunities for growth in the home health care industry.
49. The increasing adoption of wearable technology is expected to create new opportunities for growth in the home health care industry.
50. The increasing demand for home health care services is expected to create new business opportunities.

Home Health Care Challenges

51. The shortage of qualified healthcare professionals is a major challenge facing the home health care industry.
52. The high cost of home health care services is a major challenge facing the industry.
53. The difficulty of attracting and retaining patients is a major challenge facing the home health care industry.
54. The lack of reimbursement for home health care services is a major challenge facing the industry.
55. The increasing competition from other healthcare providers is a major challenge facing the home health care industry.

FAQ

56. What is the growth rate of the home health care industry? The home health care industry is expected to grow at a CAGR of 4.2% from 2020 to 2027.
57. Who receives home health care services? Around 44 million people in the US receive home health care services.
58. How much is the home health care industry worth? The home health care market is expected to reach $225 billion by 2022.
59. What is the average length of stay for home health care patients? The average length of stay for home health care patients is around 65 days.
60. What is the demand for home health care services? The demand for home health care services is expected to increase due to the aging population.

1. Home Health Care Trends:
   • 95% of payors agree treating members at home is often more cost-effective in the long-term than treating in a facility (carecentrix)
   • 48% of payors have increased the availability of at-home health care options, and 36% are in the process of increasing (carecentrix)
   • 66% of nursing homes could close by the end of 2021 due to COVID-19 costs (Modern Healthcare)
   • Nursing home occupancy declined and assisted living is at about 75% of capacity, but the number of people seeking home care increases (The New York Times)
   • “Hospital at home” programs reduce costs of care with fewer complications (GRAND VIEW RESEARCH)
2. Home Health Care Cost of Care:
   • Average annual home care cost: $53.768 per year (statista)
   • Average cost: $23 to $24 per hour nationally in 2020 (Genworth)
   • Monthly median costs: Homemaker Services ($4,481), Home Health Aide ($4,576) (Genworth)
   • U.S. home care spending reached an all-time high of $113.5 billion in 2019 (The New York Times)
   • Patients can save 10 to 25% from medical treatment costs with home healthcare services (GRAND VIEW RESEARCH)
   • Cost for long-term care in 2020 was on average $23.5 per hour for homemaker services and $24 per hour for home health aide services (statista)
   • By 2030, the average price for in-home care is expected to surpass $30 per hour, and $58.25 per hour by 2050 (statista)
   • The annual cost for home health services in the US was $54,912 in 2020, varying greatly by state (statista)
3. Home Health Care Patient Preferences:
   • 72% prefer to recover at home after a major medical event (carecentrix)
   • 63% prefer getting treatment at home over a doctor’s office or medical facility (carecentrix)
4. Home Health Care COVID-19:
   • 65% of those surveyed said COVID-19 changed their opinions about caring for aging seniors (Transcend Strategy Group)
   • 67% plan to use in-home care as a substitute for in-facility care even after the pandemic (Transcend Strategy Group)
   • 51% say staying away from public places is a top reason for health care at home.