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.
Key Home Health Care Statistics 2023 – MY Choice
Valued at $110B in 2012 (IBIS World)
429,045 Home Care Providers in the US as of 2021, an increase of 3.7% from 2020 (IBIS World)
Market size of the Home Care industry in the US has grown 3.3% per year on average between 2016 and 2021 (IBIS World)
Global home healthcare market size expected to grow at a CAGR of 7.88% from 2021 to 2028 (IBIS World)
The Home Care Providers industry in the US is the 8th-ranked Healthcare and Social Assistance industry by market size and the 111th largest in the US (IBIS World)
Home care will be available to over 4.3 million beneficiaries in 2021 (Home Health Care News)
More than 800,000 older and disabled people on state waiting lists for home care (The New York Times)
Bureau of Labor Statistics projected the addition of one million home care jobs by 2029 (The New York Times)
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 Market 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
The home health care industry is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2020 to 2027.
Around 44 million people in the US receive home health care services.
The home health care market is expected to reach $225 billion by 2022.
In 2020, the global home health care market was valued at $97.5 billion.
Around 33% of home health care patients are aged 65 or older.
The home health care sector is expected to employ 4.5 million people by 2026.
The number of people receiving home health care services is expected to increase by 4 million between 2020 and 2026.
Around 95% of home health care patients report that they are satisfied with the services they receive.
In 2020, the US home health care market was valued at $86 billion.
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
The home health care industry is expected to create 1.5 million new jobs by 2026.
The average hourly rate for home health care workers is $10.33.
The home health care sector is one of the fastest-growing industries in the US.
The home health care industry is projected to be the fifth-largest employer in the US by 2026.
The home health care industry is expected to create over 400,000 new jobs by 2026.
The average length of stay for home health care patients is around 65 days.
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
Home health care services provide patients with a more personalized and cost-effective alternative to traditional hospital care.
Home health care can help improve patients’ quality of life and reduce hospital readmissions.
Home health care can help improve patients’ ability to manage their chronic conditions.
Home health care can help reduce the risk of falls and improve mobility.
Home health care can help patients maintain their independence and continue living at home.
Home health care can provide patients with more control over their health and well-being.
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
The adoption of telehealth technology is expected to increase in the home health care industry.
The use of wearable technology and mobile devices is expected to increase in the home health care industry.
The adoption of electronic health records (EHRs) is expected to increase in the home health care industry.
The use of artificial intelligence (AI) and machine learning is expected to increase in the home health care industry.
The demand for home health care services is expected to increase due to the aging population.
The use of cloud technology is expected to increase in the home health care industry.
Home Health Care Market Analysis
The home health care market is segmented into various categories such as rehabilitation services, medical supplies and equipment, nursing services, and personal care services.
The rehabilitation services segment is expected to grow at the highest CAGR during the forecast period.
The nursing services segment is expected to hold the largest share of the home health care market.
North America is expected to dominate the home health care market, followed by Europe.
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%
Around 33% of home health care patients are aged 65 or older.
Around 30% of home health care patients are aged 85 or older.
Around 55% of home health care patients are female.
Around 45% of home health care patients are male.
Around 70% of home health care patients have Medicare coverage.
Home Health Care Software
The use of home health care software is expected to increase due to the growing demand for telehealth services.
The use of home health care software can help improve patient care and reduce administrative costs.
The use of home health care software can help improve communication and coordination between healthcare providers.
The use of home health care software can help improve the quality of care and reduce errors.
The use of home health care software can help streamline billing and payments.
Home Health Care Opportunities
The aging population is expected to create a growing demand for home health care services.
Advances in technology are expected to provide new opportunities for growth in the home health care industry.
The growing demand for telehealth services is expected to create new opportunities for growth in the home health care industry.
The increasing adoption of wearable technology is expected to create new opportunities for growth in the home health care industry.
The increasing demand for home health care services is expected to create new business opportunities.
Home Health Care Challenges
The shortage of qualified healthcare professionals is a major challenge facing the home health care industry.
The high cost of home health care services is a major challenge facing the industry.
The difficulty of attracting and retaining patients is a major challenge facing the home health care industry.
The lack of reimbursement for home health care services is a major challenge facing the industry.
The increasing competition from other healthcare providers is a major challenge facing the home health care industry.
FAQ
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.
Who receives home health care services? Around 44 million people in the US receive home health care services.
How much is the home health care industry worth? The home health care market is expected to reach $225 billion by 2022.
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.
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.
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)
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)
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)
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.
Hi, I'm Abdalslam, a seasoned digital marketing and software engineering professional. I review software to find the best tools that can help your online business thrive. I share my insights and experiences on my website, where 15,000 monthly readers join me. Before blogging, I managed digital marketing teams for SaaS startups, and my work has been recognized by major publications like RedHat, Oberlo, and Hostpapa. Join me to scale your startup influence.