New Zealand markets closed
  • NZX 50

    12,541.20
    -40.40 (-0.32%)
     
  • NZD/USD

    0.7091
    +0.0033 (+0.47%)
     
  • NZD/EUR

    0.5904
    +0.0024 (+0.41%)
     
  • ALL ORDS

    7,599.00
    -34.40 (-0.45%)
     
  • ASX 200

    7,358.80
    -27.40 (-0.37%)
     
  • OIL

    72.00
    -0.15 (-0.21%)
     
  • GOLD

    1,819.00
    -42.40 (-2.28%)
     
  • NASDAQ

    13,983.01
    -47.39 (-0.34%)
     
  • FTSE

    7,184.95
    +12.47 (+0.17%)
     
  • Dow Jones

    34,033.67
    -265.63 (-0.77%)
     
  • DAX

    15,710.57
    -18.93 (-0.12%)
     
  • Hang Seng

    28,455.23
    +18.39 (+0.06%)
     
  • NIKKEI 225

    28,998.00
    -293.01 (-1.00%)
     
  • NZD/JPY

    78.4330
    +0.4150 (+0.53%)
     

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


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting