Geriatric Care Services Market Size, Share, Growth, Trends and Forecast, 2022
Growing geriatric population intending to live independently is one of the major drivers of the geriatric care services market.
(firmenpresse) - Global geriatric care services market is expected to reach USD 1,012.02 billion by 2022, according to a new study by Grand View Research, Inc. Constantly increasing geriatric population prone to chronic medical conditions is expected to drive market growth over the forecast period. Presence of favorable reimbursement policies in the U.S. which are primarily driven by Medicaid, and Medicare is also expected to positively reinforce market growth. In 2012, according to data published by the Center of Disease Control (CDC) it has been estimated that nearly 95% nursing homes, 77% adult day care service centers, 78% home health agencies and 52% residential care communities were certified to participate in Medicaid. Furthermore, nearly 99% home health agencies, 100% hospice, and 96.5% nursing homes were Medicare certified.
Further key findings from the study suggest:
tor attributing to its market position.
y the CDC in 2012, suggest that the total number of long term care facilities and adult day care centers amounted to 58,600 and 4,800 respectively.
s are expected to serve this market as high impact rendering drivers.
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Datum: 06.01.2020 - 05:37 Uhr
Sprache: Deutsch
News-ID 1555039
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Typ of Press Release: Financial
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Date of sending: 06.01.2020
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