Here are five takeaways:
1. The market is expected to hit $449.56 billion by 2022, increasing at a compound annual growth rate of 10.1 percent.
2. Last year, the market was valued at $229.83 billion.
3. Factors driving market growth include an increasing global geriatric population, more diseases as well as home healthcare’s cost-effective nature.
4. Insufficient payer coverage and patient safety issues may hinder market expansion.
5. Through 2022, North America is likely to hold the largest market share due to demand, but the Asia-Pacific region is expected to also grow rapidly due to demand in China, Japan and India.
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