GITNUX MARKETDATA REPORT 2024

Home Health Care Industry Statistics [Fresh Research]

With sources from: census.gov, intellectualtakeout.org, grandviewresearch.com, globenewswire.com and many more

In this post, we will explore key statistics related to the home health care industry, shedding light on its market value, projected growth, user demographics, cost-saving benefits, and more. These insightful data points offer a comprehensive overview of the significance and trends within the home healthcare sector, both in the U.S. and globally. Let’s dive into the numbers that shape this essential aspect of healthcare delivery.

Statistic 1

"The global home healthcare market value was approximately $298.24 billion in 2020."

Sources Icon

Statistic 2

"The home healthcare industry in the U.S. is projected to reach over $186.8 billion by 2027."

Sources Icon

Statistic 3

"About 35 million people use home healthcare services worldwide, with this number expected to increase in the coming years."

Sources Icon

Statistic 4

"Home health care could save approximately $57 per patient per day compared to hospital care."

Sources Icon

Statistic 5

"As of 2021, nearly 97% of home healthcare agencies are accredited by a national organization."

Sources Icon

Statistic 6

"The majority of home healthcare patients are aged 65 and older, accounting for about 55%."

Sources Icon

Statistic 7

"About 45% of home healthcare workers are registered nurses or nurse practitioners."

Sources Icon

Statistic 8

"Approximately 70% of home healthcare users are women."

Sources Icon

Statistic 9

"The home healthcare industry is expected to grow at a CAGR of 7.9% between 2021 to 2028."

Sources Icon

Statistic 10

"Over 3.49 million patients are projected to receive some form of home health care in the U.S."

Sources Icon

Statistic 11

"Home healthcare workers earn a median wage of $11.52 per hour in the United States."

Sources Icon

Statistic 12

"About 20% of home healthcare users have diabetes, making it one of the most common chronic conditions in this population."

Sources Icon

Statistic 13

"The home healthcare industry in the U.S. is fragmented, with the top 10 organizations accounting for only about 25% market share."

Sources Icon

Statistic 14

"Skilled nursing care and home health aide services account for over 60% of the total home healthcare services expenditure."

Sources Icon

Statistic 15

"Around 83% of home healthcare users report having at least one limitation in daily activities."

Sources Icon

Statistic 16

"In 2019, Medicare paid approximately $18.2 billion for home health services."

Sources Icon

Interpretation

In conclusion, the statistics presented highlight the significant and growing impact of the home healthcare industry globally and in the United States. The market value and projected growth indicate a shift towards home-based care as a cost-effective and preferred option for many patients, particularly the aging population. The prevalence of chronic conditions among home healthcare users underscores the importance of these services in managing health and improving quality of life. The composition of the workforce and the types of services provided reflect the diverse needs of home healthcare users. The data also suggest opportunities for further research and investment in this expanding industry to meet the evolving healthcare needs of society.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.

Submit Your Own Statistic Data

Would you like to submit your own researched statistics on this topic? You are welcome to use the form below and submit your suggestion to us. We will check the source and approve it if necessary.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!