50 Home Care Industry Statistics & Facts

The home care industry is a rapidly growing sector that provides in-home care services to seniors, individuals with disabilities, and those with chronic illnesses. With an aging population and an increasing demand for home care services, it's important to understand the industry's trends and statistics. Here are 50 home care industry statistics and facts that shed light on the industry's growth and impact.

Top 10 Key Home Care Industry Statistics

1. The global home care market size was valued at $281.8 billion in 2020 and is projected to reach $612.7 billion by 2028. (Grand View Research)
2. The U.S. home care market size is projected to reach $225.8 billion by 2025. (Grand View Research)
3. The home care industry is expected to grow at a CAGR of 7.9% from 2021 to 2028. (Grand View Research)
4. The number of home health care businesses in the U.S. reached 33,000 in 2020. (IBISWorld)
5. According to Grand View Research, the global home care market size was valued at $281.8 billion in 2020.
6. The same source projects that the market will reach $612.7 billion by 2028.
7. In the U.S., Grand View Research projects that the home care market size will reach $225.8 billion by 2025.
8. Grand View Research also predicts that the home care industry will grow at a compound annual growth rate (CAGR) of 7.9% from 2021 to 2028.
9. IBISWorld reports that there were 33,000 home health care businesses in the U.S. as of 2020.
10. The COVID-19 pandemic has increased demand for home care services, as people seek to avoid exposure to the virus in hospitals or other medical facilities. (Forbes)

Home Care Demographics

• More than 90% of seniors prefer to age in place, which means they want to stay in their own homes as they age. (AARP)
• By 2030, the number of Americans aged 65 and older is projected to be 73 million, which is almost double the number in 2019. (U.S. Census Bureau)
• By 2040, the number of seniors aged 85 and older is projected to triple in the U.S. (U.S. Census Bureau)
• In 2020, 53% of home care clients were aged 65 and older, and 47% were aged 18-64. (Home Care Pulse)
• The majority of seniors who age in place require some form of assistance with daily living activities such as bathing, dressing, and meal preparation. (National Institute on Aging)
• Family caregivers provide the majority of assistance to seniors who age in place, with an estimated 43.5 million adults in the U.S. providing unpaid care to a family member or friend over the age of 50. (AARP)
• Home care services can help seniors age in place by providing assistance with daily living activities, medication management, and transportation to appointments. (National Institute on Aging)

Home Care Services

• The most common home care services provided are personal care (e.g., bathing, dressing), companion care (e.g., meal preparation, transportation), and skilled nursing care (e.g., wound care, medication management). (National Institute on Aging)
• In 2020, 76% of home care clients received personal care services, and 53% received companion care services. (Home Care Pulse)
• The median hourly rate for home care services in the U.S. was $24 in 2020. (Home Care Pulse)
• The number of telehealth visits in home health care increased by 13,000% from 2019 to 2020. (Home Health Care News)
• Home care workers are predominantly female and racially diverse, with 89% of workers being women and 37% identifying as Black or African American, Hispanic or Latino, or Asian. (Paraprofessional Healthcare Institute)
• The turnover rate for home care workers is high, with an average rate of 64.8% in 2020. (Home Care Pulse)
• The COVID-19 pandemic has had a significant impact on the home care industry, with providers facing challenges such as securing personal protective equipment (PPE), managing staff shortages, and adapting to changes in policies and regulations. (National Association for Home Care & Hospice)

Home Care Workforce

• In 2020, there were 2.2 million home care workers in the U.S. (Paraprofessional Healthcare Institute)
• The median hourly wage for home health aides in the U.S. was $13.68 in 2020. (BLS)
• The home care industry is projected to add 1.2 million jobs from 2019 to 2029, which is a 34% increase. (BLS)
• The average turnover rate for home care workers in the U.S. was 64.8% in 2020. (Home Care Pulse)
• Medicaid is the largest payer of home care services in the U.S., covering approximately 37% of all home care spending. (KFF)
• Home care workers face a higher risk of workplace injuries compared to workers in other industries, with a nonfatal injury rate of 7.5 per 100 full-time workers in 2019. (BLS)
• The COVID-19 pandemic has highlighted the importance of home care services, but also exposed vulnerabilities in the system, such as inadequate pay and lack of access to personal protective equipment (PPE). (Health Affairs)
• The use of technology in home care, such as remote patient monitoring and telehealth, is expected to increase in the coming years as a way to improve efficiency and quality of care. (Forbes)

Home Care Technology

• The global home health technology market size was valued at $30.4 billion in 2020 and is projected to reach $99.4 billion by 2028. (Grand View Research)
• The most common types of home health technology are remote patient monitoring, medication management, and telehealth. (Grand View Research)
• In 2020, 93% of home care agencies used a software system for scheduling and billing. (Home Care Pulse)
• The most common telehealth services provided in home health care are medication management, remote patient monitoring, and virtual visits. (Home Health Care News)
• The use of artificial intelligence (AI) in home health technology is expected to increase, with applications such as predictive analytics for patient monitoring and natural language processing for virtual assistants. (MarketWatch)
• Wearable devices, such as smartwatches and fitness trackers, are increasingly being used in home health care to monitor patients' vital signs and activity levels. (HealthTech Magazine)
• The COVID-19 pandemic has accelerated the adoption of telehealth and other home health technologies, as providers seek to minimize in-person contact and ensure continuity of care. (McKinsey & Company)

Home Care Quality of Care

• In 2020, 90% of home care clients rated their overall quality of care as good or excellent. (Home Care Pulse)
• Home health care has been shown to reduce hospital readmission rates by up to 25%. (AARP)
• Medicare-certified home health care agencies must meet certain quality standards, including providing skilled nursing care, therapy services, and medical social services. (Medicare)
• Home health care can improve patients' quality of life and reduce caregiver burden, as it allows individuals to receive care in the comfort of their own homes and often results in fewer hospitalizations and emergency room visits. (National Institute on Aging)
• The use of interdisciplinary teams in home health care, which may include nurses, therapists, social workers, and other professionals, has been shown to improve patient outcomes and reduce healthcare costs. (Journal of Interprofessional Care)
• Home health care providers are subject to state licensure and certification requirements, as well as federal regulations such as those related to patient privacy under HIPAA. (National Association for Home Care & Hospice)
• The COVID-19 pandemic has highlighted the importance of infection control measures in home health care, such as proper hand hygiene, use of personal protective equipment (PPE), and screening of patients and staff for symptoms. (CDC)

Home Care Geographics

• The home care industry is experiencing significant growth due to demographic trends in the U.S.
• The number of Americans aged 65 and older is expected to nearly double by 2030 and triple by 2040, according to projections by the U.S. Census Bureau.
• This demographic shift is driving demand for home care services, as many seniors prefer to age in place and receive care in their own homes.
• Home care providers are adapting to this demand by offering a range of services, including skilled nursing care, personal care, and companionship.
• The growth of the home care industry presents opportunities for job creation and economic growth, but also raises challenges related to workforce shortages and quality of care.

As the demand for home care services continues to grow, the industry is poised for significant expansion. Understanding the trends and statistics of the home care industry is crucial for individuals and organizations involved in providing or receiving home care services.

Conclusion

The home care industry is expected to continue to grow as the aging population increases. With more than 90% of seniors preferring to age in place, the demand for home care services will only continue to rise. Home care services can help seniors age in place by providing assistance with daily living activities, medication management, and transportation to appointments.

The most common home care services provided are personal care, companion care, and skilled nursing care. The use of technology in home care, such as remote patient monitoring and telehealth, is expected to increase in the coming years as a way to improve efficiency and quality of care.

The COVID-19 pandemic has had a significant impact on the home care industry, with providers facing challenges such as securing personal protective equipment (PPE), managing staff shortages, and adapting to changes in policies and regulations. As the demand for home care services continues to grow, the industry is poised for significant expansion.

Sources:

• National Association for Home Care & Hospice (NAHC): https://www.nahc.org/
• Kaiser Family Foundation (KFF): https://www.kff.org/
• Home Health Care News: https://homehealthcarenews.com/
• EminenceHHCMA: https://www.eminencehhcma.com/
• Health Affairs: https://www.healthaffairs.org/
• McKinsey & Company: https://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights
• MarketWatch: https://www.marketwatch.com/
• HealthTech Magazine: https://healthtechmagazine.net/
• Journal of Interprofessional Care: https://www.tandfonline.com/toc/piic20/current