Constantly increasing geriatric population prone to chronic medical conditions is expected to drive market growth over the forecast period. Presence of favourable 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 Centre of Disease Control (CDC) it has been estimated that nearly 95% nursing homes, 77% adult day care service centres, 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. The number of persons above 65+ of people from 1900 to 2030 is in million as in 1900 the percentage is 3.1 million, 1980 the percentage is 25.7 million, 2010 the percentage is about 40.2 million and in 2030 the percentage is expected to be 71.5 million.
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