Home Healthcare Market Size Worth $634.9 Billion By 2030
Home Healthcare Industry Overview The global home healthcare market size is expected to reach USD 634.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.9% from 2022 to 2030. This growth can be attributed to cost-efficiency, improved patient outcomes, and convenience offered by home healthcare agencies. In addition, the rising geriatric population and the growing prevalence of chronic diseases such as Alzheimer’s, dementia, and orthopedic conditions, are expected to drive market growth. As per the Population Reference Bureau data updated in June 2019, the number of people aged 65 years and above was 52 million in 2018 and is projected to double by 2060 to reach 95 million. Home Healthcare Market Segmentation Grand View Research has segmented the global home healthcare market on the basis of component and region: Based on the Component Insights, the market is segmented into Equipment, Services....