The report titled “India
Home Healthcare Market Outlook to 2023 – By Patient Profile (Elderly Care,
Physiotherapy, Stroke rehabilitation, Wound Care and Others); By Organized
(Subscription and Non Recurring Model) and Unorganized, By Major Cities”
provides a comprehensive analysis on the Home Healthcare Market of India.
The report covers various aspects including introduction, market size by
revenue (2013-2018), overall home healthcare market segmentation by market
structure, by age group of patients, by profile of patients, by major cities
and by subscription and recurring models, competition scenario in the industry,
company profiles of major players in the market, growth drivers, trends and
developments, issues and challenges in the home healthcare market and the
regulatory framework of the industry. The report concludes with market
projection and analyst recommendations highlighting the major opportunities and
cautions.
Market Overview
India home healthcare market
is in its early growth stage and has increased at a positive double digit CAGR
during the period 2013-2018 majorly due to increasing
elderly population, growing prevalence of chronic diseases/ strokes among the
younger population and shifting demand trends from unorganized to organized
segment. It has been observed that the trend towards home healthcare
witnessed a rise in line with an improvement in the level of technology,
growing awareness and the increasing shift towards a professional medical/
midwives, at home chemo therapy sessions for cancer patients combined with
physiotherapy sessions at home.
Market
Segmentation
By
Region/Tier of Cities: Tier
1 cities contribute the highest share to the total market size of the home
healthcare market in India. Major cities like Delhi/NCR, Mumbai, Chennai,
Bangalore, Hyderabad, Ahmedabad, Kolkata and Pune have shown rise in demand for
elderly care, physiotherapy, stroke rehabilitation, natal care and woundcare at
home.
Tier 2 cities such as
Chandigarh, Lucknow, Indore, Nagpur, Coimbatore, Bhopal, Agra contribute the
second most in terms of revenue of the home healthcare market in India.
Home healthcare providers
have not been able to tap into tier 3 cities due to various reasons ranging
from extremely low level of income, lower profitability to the people still
being skeptical about trying at home medical care.
By
Organized/ Unorganized Segment: The Indian home healthcare
market is currently dominated by the unorganized sector, contributing the
maximum to the industry revenue. Unorganized players have regional
concentration operating in only 1 state or city. Unorganized sector still
dominates the market for home healthcare services as its still in its early
growth stage and major players are still working on establishing their presence
in major cities. The organized sector constitutes a rather small part of the
total market size of the home healthcare market in India, though the
penetration is increasing in metro/ tier 1 cities.
By
Subscription and Non-Recurring Model: Subscription models make up
for a smaller proportion of the total organized market size as they’re yet to
gain popularity and the industry has seen numerous cases of patients opting out
of these subscriptions before the stipulated time. Subscription models enable
patients to receive services offered by home healthcare providers at a moderate
discount for stipulated period of time. Usually, these subscriptions are
offered for a period of 6, 9 and 12 months. Non recurring model makes up for the
majority of the total market size for the organized sector.
By
Profile of Patients: Elderly care services constitute the largest part
of the home healthcare services market. The other segments include
physiotherapy, stroke rehabilitation, wound care and others. These segments
contribute relatively lower proportions to the total market size.
Competitive
Landscape
The home healthcare market
in India is in its early growth stage. The market shows a lot of potential to
grow over the coming years due to the shift in preferences and types of
services demanded. The market is highly fragmented with a presence of large number
of unorganized players as compared to organized players. The major players in
the market compete on factors such as Brand value, Specialty treatments
offered, Expertise and Coverage, among others. The major players in the market
include Portea Medical, Apollo HomeCare, Healthcare At Home and India Home
Health Care among others.
India
Home Healthcare Future Outlook
The India Home Healthcare
Market is expected to grow at a positive double digit CAGR during the period
2018-2023. The growth is expected to be driven by factors such as the rise in
the geriatric population and increasing prevalence of stroke in the age group
of 18-45 years combined with rise in overall post trauma care patients. In
addition, the expected onset of regulations and the measures to bring home
healthcare services under the purview of insurance are also expected to help
the market grow further.
Key
Segments Covered:-
Market
Segmentation
By Market Structure
(Organized and Unorganized)
By Region/Tier (Tier 1, tier
2and tier 3 cities)
By Age Group (Above 40 years
and below 40 years)
By Profile of Patients
(Elderly care, physiotherapy, wound care, stroke rehabilitation and others –
Infant Care, ICU at home, At home Cancer Therapy, etc)
By Subscription and
Recurring Model
Key
Target Audience:-
Home Healthcare Service Providers
Hospital Chains
Private Equity/ VC Fund
Health Care Associations
Time
Period Captured in the Report:-
Historical
Period – 2013-2018
Forecast
Period – 2019-2023
Companies
Covered:-
Portea Medical
Healthcare At Home
MedWell Ventures
Care24
CallHealth Services
Apollo HomeCare
India Home Healthcare
Critical Care Unified
Key Topics Covered in the Report:-
Introduction
Ecosystem of India Home
Health Care Market
India National Health
Account Statistics
Market Size by Revenue
Market Segmentation
Competition Scenario
Company Profiles of Major
Companies
Growth Drivers
Trends and Developments
Issues and Challenges
Regulatory Framework
Future Outlook and
Projections: Market Size
Future Outlook and Projections:
Market Segmentation
Analyst Recommendations
For more information on the research
report, refer to below link:-
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Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
