North America Home Healthcare Market Trends,
Size, Segment, Key Demand And Forecast to 2025
North America Home Healthcare Market was valued at USD 756.8 million in 2014 owing to the increasing
geriatric population, increasing chronic diseases and high disposable income for health care expenditure. Home
healthcare is a diversified industry that comprises home nursing care, companion care, infusion services, and
others. Home healthcare is particularly referred as home medical care and usually involves assisting the elderly
population to recover from illnesses or injuries and allow them to live independently for as long as they can.
Home healthcare includes physical & occupational therapy, skilled nursing, and speech therapy. It also assists
other adults with activities like dressing, eating, bathing, daily living, cleaning, cooking, housekeeping tasks and
monitoring one’s medication routine. Personalized medical assistance to control treatment expenditure is
predicted to boost North America home healthcare market with a CAGR of 10.09% in the forecast period.
North America is majorly driven by the growing geriatric population and increase in chronic disorders. The
increase in demand for affordable healthcare delivery systems because of rising healthcare costs, technological
modernizations and government initiatives to promote home healthcare is also expected to drive North America
home healthcare industry. Conversely, limited insurance coverage, unstable reimbursement policies, and
patient’s safety concerns are few factors that may restrict the growth of the market.
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One of the significant trends witnessed recently in North America home healthcare market is the growing
consumer preference for treatment at home rather than hospitals to reduce hospital expenditure. The shift from
hospital treatment to proactive monitoring will introducing new