SAN FRANCISCO, November 9, 2015 /PRNewswire/ --
North America home healthcare market is expected to reach USD 1.7 billion by 2022, according to a new report by Grand View Research Inc. Rising prevalence of chronic condition demanding constant care, rising geriatric population demanding round the clock care and growing hospital stay cost are some factors driving the home care industry.
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With increasing difference in number of hospital beds and patients, the need for home healthcare is on the rise. Furthermore, financial assistance provided by Medicare, Medicaid and other private insurance companies for long-term care are expected to further propel the demand for such services.
Browse full research report with TOC on "North America Home Healthcare Market Analysis, by Product (Wound Care, Mattress Overlays, Seating Cushions, Heel Protectors, Annual Unit Sales by Company), by Services (Home Care, Unskilled Home Care, Durable Medical Equipment) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/north-america-home-healthcare-market
Growing geriatric population base, increasing demand for independent living and subsequent rise in demand of wound management, mobility assistance, and other self-care products are the high impact rendering drivers of the home healthcare market in North America.
Supportive initiatives by government bodies such as Canadian Home Care Association, designed to incorporate increasing post-operative home based health and long-term care plans boosts the home care industry. Increasing licensing of home care agencies and other specialty care facilities with provision for reimbursement by public insurers is anticipated to drive the demand over the forecast period.
Further key findings from the report suggest:
Grand View Research has segmented the North American home healthcare market on the basis of products, services and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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