2022 Home Care Market Report
The aging U.S. population, prevalence of chronic diseases, and consumer preference moving away from institutionalized care are driving the demand increase for home care. The home care market rebounded in 2022 following a pandemic decline in both revenue and hospice patient admissions. The 2022 Home Care Market Report examines market trends within home health, hospice, and the durable medical equipment market.
- The home health market is valued at $226 billion in 2022.
- Home care providers experienced a 7.3% year-over-year growth in patients in 2021.
- The durable medical equipment market is projected to grow to $87.6 billion by 2030.