Noida, UP -- (SBWire) -- 05/18/2015 --The home healthcare market in the US is growing rapidly as a result of increase in the ageing population. The market is all set to witness high growth in the coming years due to the increase in the chronic diseases, rise in life expectancy, and technological advancement. These all factors support the anticipation of US Home Healthcare market growing at a CAGR of around 7% during the forecast period 2015-2020.
US, across the globe dominate in the increasing ageing population throughout and is driving the market. Home Healthcare business in the country has huge potential compared to other countries because of fastest growing segment of population in US are of age group 85 and up that drive the increasing demand of home healthcare services. Besides ageing population, 90% reduced cost of care at home with respect to hospital is also providing growth of these services. Hence, ageing population is expected to drive overall US home healthcare industry in years to come.
The report, "US Home Healthcare Market Outlook 2020", covers comprehensive research and thorough analysis of the Home Healthcare market across the US. The report provides a critical analysis and an unbiased view of the US Home Healthcare industry, including the current and future market size for various industry segments. The report has been studied by segments, where by segment wise home healthcare market section covers in-depth analysis of home healthcare by services provided and home healthcare by equipment used.
Further, the report analyzes the regulatory framework related to the industry. And it covers a detailed analysis of the potential growth areas which has helped in clearly identifying and highlighting the segments that offer the maximum opportunity for growth in the country. Also, our study delves into the competitive landscape covering business overview, key financials, and strength & weakness analysis of major home healthcare providers in the US. Overall, the report will facilitate clients in analyzing the driving forces and understand the existing opportunities in the industry.
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Ageing Population to Fuel Rampant Growth in US Home Healthcare Market
The US Home Healthcare Market is expected to grow at CAGR of approximately 7% during 2015-2020, says RNCOS in its latest research report.