U.S. Home Healthcare Market Estimated At USD 253.4 Billion By 2030
San Francisco, 11 June 2024: The Report U.S. Home Healthcare Market Size, Share & Trends Analysis Report By Component (Equipment, Service), And Segment Forecasts, 2023 - 2030 The U.S. home healthcare market size is expected to reach USD 253.4 billion by 2030, expanding at a CAGR of 7.48%, according to a new report by Grand View Research, Inc. The growing incidences of chronic conditions such as diabetes, cancer, and cardiovascular diseases, and the rising geriatric population is expected to fuel the market over the next few years. As patients prefer to stay at home due to reduced cost of care, as compared to a healthcare facility, the disease prevalence positively impacts the demand for home healthcare services and equipment. Consumers’ response to home healthcare equipment and services has been positive due to benefits such as reduced cost and receiving care in the comfort of a home. Monitoring of health at home provides patients’ families and hea...