Description
The global home healthcare market is expected to reach USD 662.67 billion by 2028 from USD 264.87 billion in 2021 and is poised to grow at a CAGR of 14.2% from 2022 to 2028. The primary element attributing to the market’s growth is a vertical advancement in the geriatric population across all the geographical locations and augmented selection for treatment within the home care settings. For example, according to the United Nations data of World Population Prospects for 2020, individuals over 65 would grow from 9% in 2020 to more than 16% of the world’s population by 2050. Thus, the importance of the target patient collection results in a more increased need for the market growth the global home healthcare market growth over the forecast period.
