Home Care Providers in Texas
Rather than paying for extensive hospital stays or nursing homes, many elderly Texans are opting for home care services. The Home Care Providers industry in Texas offer consumers a less costly option and enable those in need to remain in the comfort of their own home. During the period, Texas home care providers have benefited significantly from growth in the number of adults aged 65 and older, per capita disposable income and the number of people with private health insurance in the state. Strong growth in federal funding for Medicare and Medicaid has also helped the industry. Elderly individuals who decide to spend their remaining years in Texas often do so to take advantage of the state's low cost of living, warm climate and GO TEXAN Certified Retirement Community Program. These certified communities meet strict requirements regarding the lifestyle, health and safety needs of their elderly members. These trends are expected to continue over the five years to 2022, much to the benefit of industry operators. Nursing homes are expected to remain significantly more expensive than home care, attracting more aging individuals to industry services.
Companies in the Home Care Providers industry in Texas primarily provide services to elderly and ill individuals in their homes. These services may be medical or nonmedical and include skilled-nursing care, personal care, homemaker and companion services, physical therapy and medical social services. This industry also includes in-home hospice care providers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.