The Home Healthcare Boom is Upon Us

According to the National Association for Home Care and Hospice, close to 12 million Americans receive some kind of home healthcare each year, and that number is expected to continue to grow. As Americans age in particular Baby Boomers there is a corresponding rise in home healthcare, fueled by a growing desire for convenience as well as many seniors’ desire to age in place. Before and especially during the Covid-19 pandemic, people got used to home deliveries of everything from paper goods to groceries to first aid supplies. Amazon, GrubHub, Uber, Instacart, and their ilk have spawned a burgeoning demand for quick and easy online purchases and delivery options. The global healthcare market was valued at $301.09 billion in 2021 and is anticipated to reach a value of $813.17 billion by 2028. According to the National Association for Home Care and Hospice, close to 12 million Americans receive some kind of home healthcare each year, and that number is expected to continue to grow.

Medigy Insights

Approximately 12 million Americans receive home healthcare each year, a number that is expected to increase due to the aging population and a desire for convenient care. The Covid-19 pandemic and the rise of home deliveries have further intensified this trend. The global healthcare market is anticipated to reach $813.17 billion by 2028. Healthcare providers should take note of these trends and adapt to meet the evolving needs of this growing population.

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