Home healthcare market to hit $130.4B in 2017, report says
DUBLIN – The North American home healthcare market, valued at $90.9 billion in 2012, is expected to grow to $130.4 billion by 2017, according to a new Research and Markets report. Growth is fueled by the move from hospitals to home care, as well as innovation, availability, an aging population and a growing number of people with chronic diseases, the report said. The U.S. is expected to continue to dominate the North American home healthcare market over the next five years, the report said. “However, cuts in Medicare payments to home health agencies and risk to the safety of home healthcare workers are factors limiting the growth of this market,” it states. The market includes testing, screening and monitoring devices; therapeutic equipment; mobility products; and nutrition products.