Increasing number of geriatric care agencies and technological advancements in North America is expected to bolster the market growth
North America holds dominant position in the global geriatric care service market, owing to increasing number of geriatric care agencies, converging trends of aging population, favorable reimbursement policies, and technological advancements. According to the Centers for Disease Control and Prevention’s Estimates in 2014, a number of patients who received care worldwide was around 4.9 million in 2013, with 12,400 home healthcare agencies in the U.S.
Additionally, according to the Geriatric Mental Health Foundation, 2018, an estimated four million people in the U.S. suffered from Alzheimer’s disease, or a related form of dementia, out of which nearly 10% were people over the age of 65, and up to 50% were over the age of 85.
Geographies Covered: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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