With 7.2% CAGR, Home Healthcare Services Market Size in United States to Surpass USD 153.19 Billion by 2029, Report by Fortune Business Insights

The home healthcare services market size in United States is expected to surpass US$ 153.19 billion by 2029 from at $94.17 billion in 2022 and poised to grow at a compound annual growth rate (CAGR) 7.2% from 2022 to 2029


Pune, India, July 07, 2022 (GLOBE NEWSWIRE) -- The US Home Healthcare Services Market size reached USD 88.50 billion in 2021. The market value is anticipated to increase from USD 94.17 billion in 2022 to USD 153.19 billion by 2029 at a CAGR of 7.2% during the forecast duration. Tissue paper is widely used for sanitation and hygiene. People are becoming more aware of the importance of personal hygiene and sanitation, so pulp-based sanitary products are becoming more popular, says Fortune Business InsightsTM in its report titled, “US Home Healthcare Services Market, 2022-2029”.

Key Industry Development-

December 2021: Aveanna Healthcare, LLC purchased Comfort Care, a leading adult home health and hospice provider, with the intention of expanding its national footprint by adding operations in Tennessee and Alabama.


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Report Scope & Segmentation

Report CoverageDetails
Forecast Period2022 to 2029
Forecast Period 2022 to 2029 CAGR7.2%
2029 Value ProjectionUSD 153.19 Billion
Base Year2021
Market Size in 2021USD 88.50 Billion
Historical Data for2018 to 2020
No. of Pages92
Key PlayersAmedisys, Inc. (U.S.), LHC Group Inc. (U.S.), Encompass Home Health & Hospice (U.S.), Brookdale Senior Living Solutions (U.S.), Trinity Health at Home (U.S.), Kindred Healthcare, LLC (Kindred at Home) (U.S.), AccentCare (U.S.),BAYADA Home Health Care (U.S.)
Growth DriversGrowing prevalence of chronic diseases among the elderly drives market growth
Market Growth is Dependent on Innovation and Effective Distribution Channels
U.S. Elective Surgeries and Patient Discharges have Drastically Decreased


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Drivers & Restraints-

Growing prevalence of chronic diseases among the elderly drives market growth

People over the age of 65 are more susceptible to chronic conditions such as diabetes, dementia, cardiac disorders, and so on. As the geriatric population in the U.S. grows, so does the need for continuous monitoring of health conditions. For example, according to a Reuters article from 2021, the population in the U.S. aged 65 and up accounted for 16.5% of the total, a figure that is expected to rise to 74 million by 2030. The significant rise in chronic disorders in the geriatric population, which increases the need for daily assistance at home and continuous monitoring, is expected to surge the demand for home healthcare services in the country. However, home healthcare fraud takes many forms, but the majority of it involves home health agencies billing for services that are not medically necessary or billing for amenities that are not offered. The risk of fraud in-home health care is extremely high, which may impede the US Home Healthcare Services Market growth.

COVID-19 Impact

In the midst of the COVID-19 pandemic, U.S. Elective Surgeries and Patient Discharges have Drastically Decreased

The COVID-19 pandemic had a negative impact on the growth of the market due to decreased demand for the U.S. home healthcare services among patients with chronic conditions due to the fear of contracting COVID-19 infection. Additionally, decreased professional visit for the U.S. home healthcare services as a result of the prioritization of medical services to COVID-19 patients is a major factor that reduced the revenue of home healthcare agencies.


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US Home Healthcare Services Market Segmentations:

SegmentationBy Type
  • Physician Care
  • Nursing Care
  • Physical, Occupational & Speech Theraphy
  • Medical Social Services
  • Other
By Payor
  • sPublic Health Insurance
  • Private Health Insurance/ Out of Pocket


Report Coverage

The US home healthcare services research report on home healthcare services in the US provides a thorough examination of the market. It focuses on critical aspects such as industry trends, leading companies, market dynamics, service type, and payor groups. It also provides market insights and highlights key industry developments. Aside from the factors mentioned above, the report includes a number of other factors that have contributed to the market's growth in recent years.

Competitive Landscape

Market Growth is Dependent on Innovation and Effective Distribution Channels

The US Home Healthcare Services Market share is highly fragmented, with some players leading the market with a small percentage share. In 2021, Kindred Healthcare, LHC Group, Amedisys Inc., and Encompass Home Health & Hospice held the largest market share. LHC Group Inc. is a market leader due to the company's increasing number of partnerships with the U.S.-based healthcare network for post-acute services.

List of Key Market Players:

  • Amedisys, Inc. (U.S.)
  • LHC Group Inc. (U.S.)
  • Encompass Home Health & Hospice (U.S.)
  • Brookdale Senior Living Solutions (U.S.)
  • Trinity Health at Home (U.S.)
  • Kindred Healthcare, LLC (Kindred at Home) (U.S.)
  • AccentCare (U.S.)
  • BAYADA Home Health Care (U.S.)

Table of Content

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Market Trends
  • Key Insights General
    • Reimbursement & Regulatory Overview
    • Recent Industry Developments Mergers, Acquisitions & Partnerships
    • Ageing Population Statistics
    • Prevalence of Chronic Diseases
    • Number of Home Health Agencies
    • Impact of COVID 19 on the Market
  • US Home Healthcare Services Market (in value) Analysis, Insights and Forecast, 2018-2029
  • Key Findings / Summary
  • Market Analysis, Insights and Forecast By Type
    • Physician Care
    • Nursing Care
    • Physical, occupational, speech therapy
    • Medical Social Services
    • Others
  • Market Analysis, Insights and Forecast By Payor
    • Public Health Insurance
    • Private Health Insurance/Out of pocket

ToC Continue…!


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