U.S. Home Healthcare Services Market size is expected to reach USD 175.7 billion by 2028
U.S. Home Healthcare Services Industry Overview The U.S. home healthcare services market size is expected to reach USD 175.7 billion by 2028, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.1% from 2021 to 2028. Factors such as high demand for cost-effective healthcare services, increasing medical expenditure, and high prevalence of chronic diseases are expected to boost the growth of the market during the forecast period. Patients are choosing to recover at home instead of an inpatient facility, due to more comfort and reduced healthcare costs, which has led to demand for skilled medical home healthcare services in the market. However, the growth was partially offset by the impact of the COVID-19 pandemic. For instance, during the pandemic, many home health providers incurred economic losses and patients refrained from opting for help due to the risk of infection, negatively affecting the market. U...