Global Market Research Reports : Ken Research: India ICU At Home Market

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Friday, March 8, 2019

India Home Healthcare Market Research Report & Forecast To 2023: Ken Research

How India Home Healthcare Market is Positioned?

Healthcare is on the biggest markets in India and home healthcare is en route to becoming a strong component of it. The Home Healthcare Market in India, still at its early growth stage is a market of 80-100 players consisting of merely 15-20 major players. The unorganized sector still dominates the market having a market share by revenue of ~%. The market is highly fragmented, thus consisting primarily of unorganized players. There are various services being offered by the firms with their key revenue being contributed from services such as home healthcare, provision of pharmaceuticals and rent/sale of medical devices. The shifting demand trends indicate that apart from services like elderly care, owing to the unhealthy lifestyles of the younger generation, we are also seeing a rise in the demand for services such as physiotherapy, stroke rehabilitation among others.

The home healthcare market has grown at a CAGR of ~ from 2013 to 2018 and is expected to grow at a CAGR of ~ from 2018 to 2023.The major players in the market such as Portea Medical, Apollo HomeCare among others have provided the customers in the healthcare market with the opportunity of saving their time as well money and being attended to right in the comfort of their home. It has been observed that demand of home healthcare services increased in India primarily due to the surge in the prices of advanced medical equipments, the lack of proper medical infrastructure which is insufficient to cater to the needs of the growing population.

The rising demand for homecare services is mainly due to the shift in the preferences from traditional healthcare to home healthcare services will pave the way for this growth.

Future Outlook and Projections in the India Home healthcare Market

The Overall Revenues for the India Home Healthcare Industry is expected to increase from INR ~ Crore in 2018 to INR ~ Crores in 2023, at a positive CAGR of ~ % during the period.

The main reasons for the expected growth in revenue are factors such as increasing life expectancy, increasing levels of disposable income, shifting demand trends, unhealthy lifestyles of the younger population leading to higher prevalence of chronic diseases requiring specialized care are expected to be responsible for this massive growth.

As of now, the market is dominated by private, unorganized players and the trend appears to remain the same for the next 5 years as well, however, the market is expected to witness a nominal decrease in the proportion of unorganized players at an expected rate of ~% per year on average.

Further, it is expected that the market will witness a regulatory reform carried out by the Ministry of Health and family Welfare and home healthcare services will also be brought under the purview of insurance.

Keywords:-

India Healthcare Market

India Healthcare Industry

India Home Healthcare Services Industry

India Home Healthcare Market

Home Healthcare Market In India

Home Healthcare Industry In India

India Home Healthcare Market Overview

India Home Healthcare Market Revenue

India Home Healthcare Market Major Players

India Home Healthcare Industry

India Home Elderly Care Market

India Home Infant care Market

Healthcare Athome Revenue India

India Geriatric Population

E-Health Market India

Healthcare Regulations India

Home Healthcare Regulations India

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

For more information on the research report, refer to below link:-

India Home Healthcare Market

Related Reports:-

India Healthcare IT Market Outlook to 2025 - Blood Pressure Monitors, Clinical IT Systems, Fetal Monitors, Neonatal Monitors and Others

Global Home Healthcare Market Size study, by Product (testing, screening, & monitoring products, therapeutic product and home healthcare mobility care products) Services (skilled nursing services, rehabilitation therapy services, hospice and palliative care services, unskilled Care Services, respiratory therapy services, infusion therapy services and pregnancy care services) Software (agency software, clinical management systems and hospice solutions), Type of telehealth solution (home telehealth software, home telehealth services and home telehealth monitoring devices)and Regional Forecasts 2018-2025

Global Medical Lifting Slings Market Size Study, by Product (Padded, Mesh, Nylon, Canvas), by Application (Universal, Hammock, Transfer, Toilet, Seating, Standing, Bariatric), by Usage (Disposable, Reusable), by End-Use (Home Healthcare, Hospitals, Elderly Care) and Regional Forecasts, 2017-2025 (USD Billion/Million)

Global Continuous Glucose Monitoring Systems Market Size Study, By Components (Transmitters & Receivers, Integrated Insulin Pumps, and Sensors), By Demographic (Child Population, Adult Population), By End Users (Home Healthcare, Diagnostic Centers/Clinics, ICUs), and Regional Forecasts, 2017-2025

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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

Thursday, March 7, 2019

India Home Healthcare Market is Expected to Reach around INR 52 Thousand Crores by the year 2023: Ken Research

Increasing life expectancy and population growth for people above 60 years and shift in demand trends towards at home chemo therapy, physiotherapy and wound care have led to growth in the home healthcare market in India.

India Home Healthcare is highly unorganized and fragmented with most of the unorganized companies focusing on regional play. The companies face lot of challenges to scale the business at the PAN India while maintaining the professional quality services for elderly care, physiotherapy and stroke rehabilitation services at home. Rising family preference for patients’ healthcare needs for at home chemo therapy, elderly care and stroke patients at home have driven the home healthcare services and POCT devices market.

The report titled “India Home Health Care Market Outlook to 2023 –By Region/Tier (Tier 1, Tier 2 and Tier 3), By Age Group (Above 40 years and Below 40 years), By Subscription and Non Recurring Model, By Profile of Patients (Elderly care, Physiotherapy, Wound Care, Stroke Rehabilitation and Others) and By Market Structure (Unorganized and Organized) by Ken Research suggested a growth at a positive CAGR of 19.4% in terms of Revenue in the market during the forecasted period 2019-2023E.

Elderly care services constitute the largest part of the home healthcare services market. Percentage share of elderly persons (age above 60) in the population has increased to around 9% in 2018. In rural areas while the proportion of elderly persons (age above 60) has increased from 5.8% to 8.8% (out of total rural population), in urban areas, it has increased from 4.7% to 8.1% during 1961 to 2011 (out of urban population). Over 8.8% elderly people are male (out of total male population) while for females, it was 9.4% in 2018. India is expected to have 34 crore people above the age of 60 by 2050.

Stroke is the second leading cause of mortality worldwide and most of the patients affected by stroke need proper rehabilitation and care post stroke. There was a huge gap in the post stroke rehabilitation which is currently being catered to by the Home Healthcare service providers. Post stroke, patients need constant care and monitoring and in this fast paced world, the family members may not be able to their every need nor will they be able to give constant attention. Hence the demand for home healthcare services has increased from this segment. Around 1.8 million suffer from stroke (either cardiac or brain stroke) every year in India. Out of total patients admitted for ischemic strokes, around 17% were in the range of 18-45 years showcasing the early age stroke prevalence today.