BDO Economic Study Briefing
The Irish home care sector generates €2 billion annually, research commissioned by Home & Community Care Ireland (HCCI) found. The economic impact of home care study conducted by BDO discovered that:
- The €2 billion generated in in 2024 included:
- €990 million in GDP contribution
- €745 million in wages
- €207 million in tax revenue.
- For every €1 million invested in the home care sector, €1.9 million is generated.
- By 2040, demand for home support is projected to rise by up to 91%, driven by a doubling of the population aged 80+, the cohort who have the highest need for home care.
HCCI CEO Joseph Musgrave said “This report makes it clear: Ireland’s home care sector is not only vital to our healthcare system; it’s a substantial contributor to the Irish economy. Let’s treat it as such. Home care reduces delayed discharges, reduces strain on the health system and aligns with Sláintecare goals by enabling older people to remain at home longer. To unlock its full potential, we urgently need a statutory home support scheme, sustained funding and a national workforce strategy that addresses recruitment, retention and regional disparities. Ireland is ageing, demand for home care is going to increase substantially in the years ahead. And we know it’s the most cost-effective intervention to help vulnerable people. It’s time that we care for our future, the future of the Irish people, and transform our home care sector.