North America home healthcare market to hit $1.7B by 2022: 6 key points

The North America home healthcare market is expected to grow based on a new Grand View Research report.

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Here are six key points:

1. A rising number of chronic conditions, increasing geriatric population and growing hospital stay costs are all aiding market growth.

2. The home healthcare industry is gaining momentum due to there being more patients than available hospital beds.

3. Medicare and Medicaid financial support allows more patients to seek long-term care.

4. The demand for independent living and interest in wound management, mobility assistance and self-care products will all aid market growth in North America.

5. Wound care and mattress overlays are expected to dominate with 85 percent of the market.

6. Johnson & Johnson, Covidien, Stryker, Invacare and VCP Mobility lead the market.

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