Geriatric Care Services Market New Opportunities For Industry Growth And Forecast To 2022: Grand View Research Inc.
San Francisco, 17 May 2019: The Report Geriatric Care Services Market Analysis by Service (Home Care, Adult Day Care, Institutional Care, Non Medical, Medical, Nursing Homes, Hospitals, Community Centers) and Segment Forecasts To 2022 Global Geriatric Care Services Market is expected to reach USD 1,012.02 billion by 2022, according to a new study by Grand View Research, Inc. Constantly increasing geriatric population prone to chronic medical conditions is expected to drive market growth over the forecast period. Presence of favorable reimbursement policies in the U.S. which are primarily driven by Medicaid, and Medicare is also expected to positively reinforce market growth. In 2012, according to data published by the Center of Disease Control (CDC) it has been estimated that nearly 95% nursing homes, 77% adult day care service centers, 78% home health agencies and 52% residential care communities were certified to participate in Medicaid. Furthermore, nearly 99% home health agen