U.S. Care Services Market Global Trends And Revenue Growth Up To 2030

U.S. Care Services Market Summary

The U.S. care services market was valued at USD 456.6 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.76% over the forecast period. The expansion of this market is driven by a range of factors including the increasing prevalence of chronic diseases, supportive government initiatives, the growing need for nursing care among the younger population, and a significant rise in the aging population. Additionally, rapid advancements and integration of technology into care services—such as app-based teleconsultations, remote patient monitoring systems, and artificial intelligence-based therapeutic and monitoring devices—are further fueling demand for care services across the country.

As reported by the Department of Health & Human Services, approximately 14% of nursing home residents in the U.S. fall within the age group of 31 to 64 years. Furthermore, about 40% of adolescents in the United States live with at least one chronic illness, indicating an increasing need for care services at younger ages. The number of younger individuals with disabilities is also steadily growing. According to the Centers for Disease Control and Prevention (CDC), one out of every seven young adults in the country has a chronic disorder, emphasizing the growing requirement for accessible and efficient care solutions tailored to this demographic.

Key Market Trends & Insights

• In terms of service types, the U.S. care services market is segmented into skilled nursing facilities, post-acute care, assisted living facilities, hospice and palliative care, remote patient monitoring, and home-based primary care or house calls. In 2021, skilled nursing facilities held the largest market share. This dominance can be attributed to the rising demand for specialized nursing care, primarily driven by the high burden of chronic health conditions among the U.S. population, which necessitates structured and professional medical supervision.
• Remote patient monitoring is projected to be the fastest-expanding segment throughout the forecast period. This acceleration is largely due to the increasing rate of chronic illnesses, which require ongoing disease management and continuous monitoring. The demand for connected care devices is thus experiencing strong growth, as these technologies enable real-time updates on patient health, which is crucial for early intervention and long-term disease control.
• The implementation of remote patient monitoring systems provides timely medical responses, ultimately leading to reductions in hospitalization costs, readmission rates, and associated travel and logistical expenses for patients and their caregivers. The COVID-19 pandemic significantly accelerated the adoption of such remote solutions, as the healthcare system faced unprecedented pressure and there was a rising demand for care services that could be delivered safely at home, without risking exposure to the virus.

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Market Size & Forecast

• 2021 Market Size: USD 456.6 billion
• 2030 Projected Market Size: USD 748.5 billion
• CAGR (2022 - 2030): 5.76 %

Key Companies & Market Share Insights

The U.S. care services market is highly competitive. The top players are adopting various strategies, such as market expansion, mergers & acquisitions, and partnerships to strengthen their presence in the market. For Instance, in November 2021, LHC Group acquired home health, hospice, & therapy assets from HCA healthcare. In August 2021, Humana acquired Kindred at Home, which includes services such as personal care, hospice, and home health.

Key Players

• Kindred Healthcare, LLC
• Amedisys, Inc
• Sunrise Senior Living, LLC
• National Healthcare Corporation
• Brookdale Senior Living, Inc
• Capital Senior Living Corporation
• Home Instead, Inc
• Genesis Healthcare, Inc
• Diversicare Healthcare Services, Inc
• LHC Group, Inc

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Conclusion

The U.S. care services market is undergoing significant transformation, driven by the dual pressures of an aging population and rising chronic disease cases across age groups. Technology is playing a pivotal role in reshaping care delivery, especially through the growing popularity of remote patient monitoring and digital health solutions. The demand for skilled nursing facilities remains high, yet the future points to a hybrid model integrating in-person and virtual care. With supportive policy measures and evolving patient preferences, the sector is expected to grow steadily, offering both clinical benefits and cost efficiencies, and creating a robust ecosystem for comprehensive, patient-centric care.