Report Description

India home healthcare market is anticipated to witness impressive growth during the forecast period. This can be ascribed to the growing demand for home healthcare treatment by the people to avoid inconvenience. Home healthcare services offer patients the convenience of receiving medical care and support in their own homes, rather than traveling to a healthcare facility. This is particularly beneficial for patients with mobility issues or those who live far from medical facilities. The market is witnessing significant technological advancements, with the development of telemedicine, remote monitoring, and mobile health (mHealth) technologies. These technologies enable healthcare providers to offer high-quality care and improve patient outcomes in the home healthcare setting. This is expected to create a lucrative growth of the India home healthcare market during the forecast period. According to Statistics India, people can save 10% to 25% of their overall medical treatment cost through home healthcare. This may drive the growth of the India home healthcare market during the forecast period.

Growing Geriatric Population
The aging population is a major driver of the India home healthcare market. The geriatric population in India is expected to reach 340 million by 2050, which will represent more than 20% of the country's total population. This represents a significant increase from the current geriatric population of around 120 million. As people age, they are more likely to develop chronic conditions that require ongoing care and management. This increases the demand for healthcare services, including home healthcare services.

Many elderly individuals prefer to receive care in their own homes rather than in a hospital or other healthcare facility. Home healthcare services allow patients to receive the care they need in the comfort and familiarity of their own homes. Home healthcare services can be more cost-effective than traditional healthcare services, especially for elderly patients who require frequent or ongoing care. By providing care at home, home healthcare services can reduce the need for hospitalization and other expensive treatments. The cost of nursing care can vary depending on the level of care required. Basic nursing care, such as wound care and medication administration, can cost between INR 300 to INR 500 per hour. Advanced nursing care, such as post-operative care or palliative care, can cost between INR 800 to INR 1,500 per hour. Such factors are expected to drive the growth of the India home healthcare market during the forecast period.

Increasing Prevalence of Chronic Diseases
The increasing prevalence of chronic diseases in India is one of the key drivers of the India home healthcare market. Chronic diseases require ongoing management and support, which can be provided through home healthcare services. As the prevalence of chronic diseases increases, there is a rising demand for long-term care services, which is driving the growth of the India home healthcare market. Home healthcare services can provide cost-effective care for patients with chronic diseases, as it eliminates the need for hospitalization or frequent visits to a healthcare facility. This makes home healthcare services an attractive option for patients with chronic diseases, thereby driving the demand for these services. Home visits by doctors can range from INR 500 to INR 1,500 per visit, depending on the location and experience of the doctor.

Advances in technology are enabling the development of new home healthcare products and services, such as remote monitoring and telehealth services. These innovations are making it easier for patients with chronic diseases to receive care at home and are driving the growth of the India home healthcare market. The rising prevalence of chronic diseases is also contributing to the increasing healthcare costs in India. Home healthcare services can help reduce these costs by providing cost-effective care and reducing the need for hospitalization.

As the elderly population in India grows, the demand for home healthcare services is likely to increase. This is because many older patients prefer to receive care at home rather than in a health facility, and home health services are well-equipped to meet this need. Such factors are expected to drive the growth of the India home healthcare market during the forecast period.

 

 

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Growing Awareness and Acceptance of Home Healthcare
Growing awareness and acceptance of home healthcare is another factor driving the growth of the India home healthcare market. Home healthcare services offer patients the convenience of receiving medical care and support in their own homes, rather than traveling to a healthcare facility. This is particularly beneficial for patients with mobility issues or those who live far from medical facilities. In 2020, it is found that 64% of Indian consumers are willing to use home healthcare services, indicating growing acceptance of these services.

Home healthcare providers offer a range of medical services, such as nursing care, physiotherapy, and medical equipment rental. These services are delivered by qualified professionals and are often of the same quality as those provided in a healthcare facility.

The Indian government has recognized the importance of home healthcare services in providing accessible and affordable healthcare and has introduced policies and initiatives to promote the growth of the India home healthcare market. In 2016, the government launched the National Health Policy, which emphasizes the importance of home healthcare services in providing quality healthcare to patients.

The development of technology also promotes home healthcare services, with remote monitoring, telemedicine, and other digital tools, allowing patients to receive medical care and support from home. This is particularly beneficial for patients with chronic conditions who require ongoing monitoring and support. Thus, the India home healthcare market is expected to growth during the forecast period.

Government Initiatives to Promote Home Healthcare
The National Health Policy launched in 2017 by the Government of India recognizes the importance of home healthcare services in providing affordable and accessible healthcare to patients. The policy outlines a plan to increase the availability of home healthcare services and encourages private sector investment in the healthcare industry.

In 2018, the government launched Ayushman Bharat, a government-funded health insurance scheme, which aimed at providing financial protection to vulnerable families in India. The scheme covers the cost of home healthcare services, making them more accessible and affordable to patients.

The Digital India initiative launched by the government aims to promote the use of technology in healthcare delivery. This has led to the development of telemedicine and remote monitoring services, which are often used in home healthcare to provide remote consultations and monitor patient health.

The Startup India initiative launched by the government aims to promote entrepreneurship and innovation in various sectors, including healthcare. This has led to the emergence of several home healthcare startups, which are driving innovation in the sector and promoting the adoption of new technologies. In 2018, the government exempted GST on all services provided by a clinical establishment, including home healthcare services. This exemption has made home healthcare services more affordable for patients and has led to increased demand for these services. As all these initiatives are anticipated to drive the growth of the India home healthcare market during the forecast period.

Recent Development

  • In 2021, Portea Medical, one of the largest home healthcare providers in India, announced its acquisition of Health Vista India Private Limited, a Bangalore-based home healthcare services company. The acquisition was intended to strengthen Portea's presence in the southern region of India.
  • In 2020, Apollo Hospitals, one of India's largest healthcare providers, announced the launch of its Apollo Home Health Care division. The new division provides a range of home healthcare services, including nursing, physiotherapy, and medical equipment rental.
  • In 2018, the US-based home healthcare company, BAYADA Home Health Care, announced its entry into the Indian market through a partnership with the Mumbai-based healthcare provider, Regency Healthcare. The partnership was intended to provide high-quality, patient-centered care to individuals in their homes.

Market Segmentation
The India home healthcare market can be segmented by product type, by services, and region. based on product type, the market can be segmented into continence care, wound care, ostomy care, clinical nutrition, respiratory care, equipment & housekeeping supplies, and others. Based on services, the market can be segmented into rehabilitation services, pregnancy home care services, nursing services, and others.

Market Players
Portea Medical, Medwell Ventures Pvt. Ltd., Nightingales Home Health Services Pvt. Ltd., Apollo Homecare Corp, Care24 Pvt. Ltd., Healthcare at Home India Pvt. Ltd, Zoctr Health Pvt. Ltd, Healers at Home, India Home Health Care Pvt. Ltd., and HealthCare Global Enterprises Ltd./India. are some of the leading players operating in the India home healthcare market.

Attribute

Details

Base Year

2023

Historic Data

2019 – 2022

Estimated Year

2024

Forecast Period

2025 – 2029

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2023 and 2024-2029

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Equipment  Type

Services

Regional scope

North India, South India, East India, West India

Key companies profiled

Portea Medical, Medwell Ventures Pvt. Ltd., Nightingales Home Health Services Pvt. Ltd., Apollo Homecare Corp, Care24 Pvt. Ltd., Healthcare at Home India Pvt. Ltd, Zoctr Health Pvt. Ltd, Healers at Home, India Home Health Care Pvt. Ltd., HealthCare Global Enterprises Ltd./India.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the India home healthcare market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         India Home Healthcare Market, By Equipment Type:

o   Therapeutics {Home Respiratory Therapy, Insulin Delivery, Home Intravenous Pumps, Home Dialysis Equipment, Other Therapeutic Equipment} Diagnostic {Diabetic Care Unit, Blood Pressure Monitors, Multi-Parameters Diagnostics Monitors, Home Pregnancy and Fertility Kits, Others Self-Monitoring Equipment, Apnea and Sleep Monitors, Holter Monitors, Heart Rate Meters, Other Diagnostic equipment}

o   Mobility Assist Equipment {Wheelchair, Home Medical Furniture, Walking Assist Devices}

·         India Home Healthcare Market, By Services:

o   Skilled Home Care {Physician/Primary Care, Nursing Care, Physical, Occupational, and/or Speech Therapy, Nutritional Support, Hospice & Palliative Care, Other Skilled Home Care Services}

·         India Home Healthcare Market, By Region:

o   East India

o   West India

o   North India

o   South India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India home healthcare market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India home healthcare market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Types

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, and Trends

4.    Voice of Customer

5.    India Home Healthcare Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Equipment Type (Therapeutics {Home Respiratory Therapy, Insulin Delivery, Home Intravenous Pumps, Home Dialysis Equipment, Other Therapeutics Equipment}, Diagnostics {Diabetic Care Unit, Blood Pressure Monitors, Multi-Parameters Diagnostics Monitors, Home Pregnancy and Fertility Kits, Others Self-Monitoring Equipment, Apnea and Sleep Monitors, Holter Monitors, Heart Rate Meters, Other Diagnostic equipment}, Mobility Assist Equipment {Wheelchair, Home Medical Furniture, Walking Assist Devices})

5.2.2.    By Services (Skilled Home Care {Physician/Primary Care, Nursing Care, Physical, Occupational, and/or Speech Therapy, Nutritional Support, Hospice & Palliative Care, Other Skilled Home Care Services})

5.2.3.    By Region (North India, South India, East India, West India)

5.2.4.    By Company (2022)

5.3.  Market Map

6.    North India Home Healthcare Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Equipment Type

6.2.2.    By Services

7.    South India Home Healthcare Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Equipment Type

7.2.2.    By Services

8.    East India Home Healthcare Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Equipment Type

8.2.2.    By Services

9.    West India Home Healthcare Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Equipment Type

9.2.2.    By Services

10. Market Dynamics

10.1.             Drivers

10.2.             Challenges

11. Market Trends & Developments

11.1.             Merger & Acquisition

11.2.             Product Development

11.3.             Recent Developments

12. Policy & Regulatory Landscape

13. Porters Five Forces Analysis

13.1.             Competition in the Industry

13.2.             Potential of New Entrants

13.3.             Power of Suppliers

13.4.             Power of Customers

13.5.             Threat of Substitute Products

14. India Economic Profile

15. Competitive Landscape

15.1.             Business Overview

15.2.             Company Snapshot

15.3.             Products & Services

15.4.             Financials (As Reported)

15.5.             Recent Developments

15.5.1. Portea Medical

15.5.2. Medwell Ventures Pvt. Ltd.

15.5.3. Nightingales Home Health Services Pvt. Ltd.

15.5.4. Apollo Homecare Corp

15.5.5. Care24 Pvt. Ltd.

15.5.6. Healthcare at Home India Pvt. Ltd

15.5.7. Zoctr Health Pvt. Ltd

15.5.8. Healers at Home

15.5.9. India Home Health Care Pvt. Ltd.

15.5.10.              HealthCare Global Enterprises Ltd. /India.

16. Strategic Recommendations

17.About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The key drivers of the India home healthcare market include the increasing prevalence of chronic diseases, the aging population, the growing demand for long-term care, and government initiatives to promote home healthcare services.

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Some of the challenges facing the India home healthcare market include a lack of regulatory oversight, a fragmented market with many small providers, and limited insurance coverage for home healthcare services.

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Some of the major players in the India home healthcare market include Portea Medical, Apollo Home Healthcare, Healthcare at Home, Medwell Ventures, and Care24, among others.

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The India home healthcare market is expected to grow at a rapid pace in the coming years, driven by a range of factors, including demographic shifts, advances in technology, and changing patient preferences for more personalized, accessible care.

profile

Sakshi Bajaal

Business Consultant
Press Release

India Home Healthcare Market to be dominated by Skilled Nursing through 2029

Jul, 2023

India home healthcare market is expected to grow during the forecast period due to the increasing awareness of the benefits of home healthcare.