Global home healthcare market expected to reach $449B by 2022

The global home healthcare market is expected to reach $449.6 billion by 2022, according to Gaithersburg, Md.-based Stratistics Market Research Consulting.

The largest segment for the global market is in North America, with large gains in home mobility products, therapeutic devices and services such as hospice and palliative care. In 2015, the global home healthcare market was valued at $229.83 billion.

The aging baby-boomer population and efficiency of new home care technologies are credited as some of the drivers of this growth.   

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