Here are six highlights:
1. Various factors driving the market are an increasing prevalence of chronic conditions, rising geriatric population and increase in hospital stay cost.
2. Medicare, Medicaid and other private insurer’s providing financial assistance for long term care is expected to grow the demand for home health services.
3. By 2022, wound care and mattress overlays are expected to capture over 85 percent of the market share.
4. By 2020, nearly 89 million citizens will be over the 65 years old.
5. The United States is expected to contribute to 85 percent market share in 2022.
6. The key players in the market include Johnson & Johnson, Covidien, Stryker, Invacare and VCP Mobility.
More articles on practice management:
5 things to know about the North American healthcare cloud computing market
New ACP guideline advises physicians to prescribe generic medications — 5 key points
PatientPop raises $10M to expand staff — 5 highlights
