How large is the home care industry?

September 20, 2019 Off By idswater

How large is the home care industry?

The US home healthcare market is projected to grow about 7% annually from $103 billion in 2018 to $173 billion by 2026 — outpacing growth in all other care types, including hospital care (+5.3% annually) and physician services (+5.6% annually) — and providers must figure out how to tap into the burgeoning space.

Who is the largest home health company in the US?

Kindred at Home remained at the top of the home health care mountain in 2020, checking in as the largest provider in the country, according to the latest annual ranking from LexisNexis Risk Solutions. Kindred specifically captured nearly 6% of the national market share last year. Kindred at Home is part of Humana Inc.

How fast is the healthcare industry growing?

Employment in healthcare occupations is projected to grow 16 percent from 2020 to 2030, much faster than the average for all occupations, adding about 2.6 million new jobs.

What sector is home care in?

Social Care Sector
Domiciliary Care is a key part of the Social Care Sector.

Is there a demand for home health care?

The global home healthcare market is expected to grow at a compound annual growth rate of 7.88% from 2021 to 2028 to reach USD 545.1 billion by 2028.

What is the size of healthcare industry?

The global healthcare market will reach $11,908.9 billion by 2022, according to Business Wire. US national healthcare expenditure reached $3.8 trillion in 2019, or $11,582 per person, and is estimated to reach $6.2 trillion by 2028, per the Centers for Medicare and Medicaid Services.

Which payer is the largest for home health services?

Medicare
Medicare is the single largest payer of home health services, accounting for $40 billion in fiscal year 2018, followed by Medicaid ($35 billion in fiscal year 2018).

How many home health companies are in the US?

There are 429,045 Home Care Providers businesses in the US as of 2021, an increase of 3.7% from 2020.

What are the 20 fastest growing occupations?

The Fastest-Growing Occupations Now Until 2030

Occupation 10-Year Growth Rate 2020 Median Pay
Motion picture projectionists 70% $27,490 per year
Wind turbine service technicians 68% $56,230 per year
Ushers, lobby attendants, and ticket takers 62% $25,110 per year
Nurse practitioners 52% $111,680 per year

What is the fastest growing job in the medical field?

Fastest growing healthcare careers in the U.S.

  • Nurse Practitioners.
  • Physical Therapists.
  • Occupational Therapists.
  • Respiratory Therapists.
  • Registered Nurses.
  • Radiation Therapists.
  • Radiologic Technologists.
  • Licensed Practical Nurses.

What jobs are in the care sector?

Visit the Think Care Careers website for details of the roles and progression available in social care, which include:

  • care worker.
  • personal assistant.
  • social worker.
  • community support and outreach worker.
  • supervisors and managers.
  • occupational therapist.
  • activities coordinator.
  • technician.

What is the care sector?

The Health and Social Care sector consists of any organisation which provides healthcare support to people, for example hospitals, dentists, and specialist support like physiotherapy, and social care support, for example, nursing homes, foster caring, and nurseries.