Product ID: SQMIG35D2002
Report ID:
SQMIG35D2002 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
128 |
Figures:
77
Home Healthcare Market size was valued at USD 335.56 billion in 2019 and is poised to grow from USD 362.1 billion in 2023 to USD 666.9 billion by 2031, growing at a CAGR of 7.96% in the forecast period (2024-2031).
The patient-centric approach of home healthcare has several benefits such as enhanced patient results, long-term care, cost proficiency, end of superfluous hospitalization. Due to the rising trend to use home health care owing to its benefit, the Home Healthcare Market will show positive growth. In terms of services, the services of skilled nursing care had the largest revenue and growth share in 2019. The main factor contributing to the growth was the insurance coverage of such services and the possibility to have these services at home.
The changing demographics in terms of age and the rising preference for value-based services will boost the Home Healthcare Market growth. The demand for at-home health services is more among the aging population, which increases the demand for healthcare providers. Another factor that affects Home Healthcare Market growth is government support. The number of acquisitions taking place in the Home Healthcare Market also boosts the growth.
US Home Healthcare Market is poised to grow at a sustainable CAGR for the next forecast year.
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Product ID: SQMIG35D2002