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. 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. 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.
http://www.grandviewresearch.com/industry-analysis/north-america-home-healthcare-market
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