The U.S. population is getting older. This simple trend will have a profound impact on both healthcare and the economy. In fact, a recent headline offers the bold prediction: “The Future Of American Jobs Is Taking Care Of The Elderly.” While this may sound dramatic, it does highlight some key trends that will shape the coming decades. Here are some key insights from recent studies that HIDA’s research team has gathered:
- The number of patients requiring post-acute care is estimated to reach 27 million by 2050, from 8 million in 2012.
- Two in five Americans are expected to need post-acute care in their lives.
- A key driver of home healthcare market growth is its lower overall costs when compared to other post-acute settings.
- The home healthcare market is projected to grow from $100 billion in 2016 to $225 billion by 2024.
HIDA’s brand new 2017 Home Care Market Report, as well as the 2017 Post-Acute Market Report, offers key insights and data on the healthcare segments most directly affected by the aging population. To learn more about these resources, or to purchase copies, visit www.HIDA.org/MarketReports.