![]() The global Home Healthcare Market size is anticipated to reach USD 557.57 billion by 2026 registering a CAGR of 7.8%, according to a new report by Grand View Research, Inc. This growth can be attributed to improved patient outcome, cost-efficiency, and patient convenience provided by home healthcare. In addition, rising cases of diseases, such as dementia, Alzheimer’s, and orthopedic conditions, are expected to fuel market growth. For instance, according to the WHO, nearly 50 million individuals worldwide were suffering from dementia in 2017 and the number is anticipated to reach nearly 82 million by 2030. According to an article by United Nations, the number of individuals in age group of 80 years and above are anticipated to increase from nearly 137 million in 2017 to approximately 425 million in 2050. Thus, growing geriatric population base, which is highly susceptible to chronic conditions, such as diabetes and CVDs, and prefer in-home care, is anticipated to fuel the market growth. Furthermore, geriatric population. The establishment and maintenance of hospitals and other healthcare settings is capital-intensive. Hence, several healthcare solution providers are entering into home healthcare market through M&A to reudce the costs and leverage the expertise of the merged or acquired firm. For instance, Allegheny Health Network, a Pittsburg-based organization, entered into the market by acquiring four companies, which had expertise in four different home health services, such as infusion therapy, hospice, medical equipment, and home nursing. To request a sample copy or view summary of this report, click the link below: https://www.grandviewresearch.com/industry-analysis/home-healthcare-industry Further key findings from the study suggest:
Home Healthcare Component Outlook (Revenue, USD Million, 2015 - 2026)
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: [email protected] For More Information: https://www.grandviewresearch.com Blog: https://healthcareforecastreport.blogspot.com/
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