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Global Home Care Market Report 2020-2021: Shortage Of 446,100 Home Health Aides Expected By 2025

·2 min read

Dublin, May 12, 2021 (GLOBE NEWSWIRE) -- The "Home Care Market Report" report has been added to ResearchAndMarkets.com's offering.

In 2020 home health agencies experienced many challenges due to COVID-19 but opportunities for future growth remain. The 2020 Home Care Market Report examines market trends within home health, hospice, home infusion and the durable medical equipment market.

  • Three months into the pandemic, 92% of home health agencies reported revenue declines

  • Over 50% of hospice providers experienced a decrease in admissions due to COVID-19

  • Home health professionals rate private-duty home care and Medicare-certified home health as the greatest potential for growth

  • 64% of home care agencies freeze hiring due to uncertainty of Patient-Driven Groupings Model

Who Should Buy This Report

  • Healthcare investors

  • Health systems

  • Healthcare distributors

  • Healthcare manufactures

  • Group Purchasing Organizations

  • Government Health Agencies

  • State Health Agencies

  • Healthcare Providers

Key Topics Covered:

  • Executive Summary

  • Home Health Market Overview

  • Home Health Market Valued At $116 Billion

  • 90% Of Home Care Agencies Have Decline In Admissions Due To COVID-19

  • Nearly Two-Thirds Of Home Health Providers Have Revenue Declines of 20% Or More Due To COVID-19

  • Private Duty Home Care And Home Health Services Under Medicare Offer Greatest Growth Opportunities

  • Staffing And Changing Payment Models Seen As Home Care's Top Challenges

  • Shortage Of 446,100 Home Health Aides Expected By 2025

  • 64% of Home Care Agencies Freeze Hiring Due To Uncertainty of Patient-Driven Groupings Model's Impact

  • Caregiver Turnover Rate Higher Than National Average

  • Nearly A Third Of Home Care Workers Are Over The Age of 55

  • 40% Of Home Care Agencies Did Not Plan To Invest In Remote-Patient Monitoring Before COVID-19

  • 73% Of Home Care Professionals Using Technology Use Telehealth During COVID-19

  • Home Care Is Half The Cost Of A Private Nursing Home Room

  • Home Infusion Market Valued At $8.4 Billion In 2019

  • Over Half Of Hospice Providers Experience Admission Decreases During COVID-19

  • Hospice Providers Rate Staffing As Their Greatest Challenge

  • Hospice Utilization Declines Slightly In 2019

  • Out-Of-Pocket Payments Are Largest Revenue Source For DME Suppliers

  • COVID-19 Causes Supply Chain Disruptions

  • During First Four Months of PDGM, Home Health Providers See $1.3 Billion Reduction In Medicare Payments

  • Medicare Advantage Changes Provide Opportunity For Home Care Agencies

  • GHX Reports $8.8 Billion In Distributed Sales For Home Healthcare In 2019

  • GHX Reports Home Health Sales By Segment

  • GHX Reports Top Distributed Home Health Products By Category

For more information about this report visit https://www.researchandmarkets.com/r/vejljz

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900