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.
Keywords:-
India Healthcare Market
India Home Healthcare Market
India Home Healthcare Industry
Homecare Providers India Market Share
Organized Home Healthcare Market
India At Home Physiotherapy Market
India At Home Woundcare Market
India Home Elderly Care Market
India At Home Cancer Services Market
India ICU at home Market
India Home Infant care Market
Healthcare Athome Revenue India
India Geriatric Population
E-Health Market India
Portea Market Share 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:-
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
