DUBLIN–(BUSINESS WIRE)–The “India Home Healthcare Market Size, Share & Trends Analysis Report by Equipment (Therapeutic, Diagnostic, Mobility Assist Equipment) by Services (Skilled Home Care, Unskilled Home Care), and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.
India’s home healthcare market size is expected to reach USD 36.1 billion by 2030, expanding at a CAGR of 19.27% from 2022 to 2030.
Companies Mentioned
- Apollo Homecare
- PORTEA MEDICAL
- INDIA HOME HEALTHCARE
- HealthCare atHOME
- CARE24
- Nightingales Home Health Services
- Bharath Home Medicare
- Grand World Elder Care
- Medfind
- Swarg Community Care
- Suburban Diagnostics
The market is being driven by increasing demand for improved healthcare care services, expanding geriatric population, a shift in trend from communicable to chronic diseases, rapid technological improvements, rising disposable income, and demand for cost-effective care services.
Home healthcare is becoming more valuable due to the usage of remote patient monitoring technology such as home infusion pumps, home oxygen, heart rate monitoring devices, and glucose monitoring devices, among others. Medtronic’s Guardian Connect System is India’s first smart glucose monitoring system. India’s leading telehealth providers are investing in remote patient monitoring. To track patient conditions, Apollo Homecare implemented new mobile application-based remote patient monitoring equipment. Remote patient monitoring devices are application-linked devices that work best in the home. These glucose monitoring devices are becoming popular in India.
The Indian government is also looking forward to assisting with home healthcare services and the latest technology. The Government of India started a national digital health program in September 2021 to promote the use of electronic medical data for home healthcare services. The Healthcare Federation of India launched Home Healthcare 2.0 in January 2022, incorporating professional viewpoints on home care and promoting home healthcare services.
India Home Healthcare Market Report Highlights
- The therapeutic sector dominated the equipment segment during the year 2021. The home respiratory therapy equipment contributed the most to the high revenue share of the therapeutic sector as a result of the high prevalence of chronic diseases such as COPD.
- The skilled home care services accounted for a major share in the services segment. Initiatives by home healthcare providers to train nurses, attendants, and physiotherapists are expected to drive the market in India.
- The demand for unskilled care services has significantly increased over the years. Local service providers primarily offer caregivers who act as companions to the elderly and assist them in performing daily activities. Various services offered under unskilled homecare include wound dressing, bathing, grooming, and feeding.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.2.1 Equipment
2.2.2 Services
2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Related/Ancillary Market Outlook
3.2 Market Dynamics
3.2.1 Market Driver Analysis
3.2.1.1 Need for better quality post-operative and primary care
3.2.1.2 Cost-effective alternative
3.2.1.3 Advancement in technology
3.2.1.4 Growing geriatric population and growing disposable income
3.2.1.5 Shift from communicable to lifestyle diseases
3.2.1.6 Companies are expanding operations in other cities
3.2.1.7 Increasing insurance coverage for home healthcare
3.2.2 Market Restraint Analysis
3.2.2.1 Shortage of skilled healthcare staff
3.2.2.2 Lack of government regulations
3.3 Business Environment Analysis tools
3.4 Regulatory Scenario & Reimbursement Framework, 2021
3.5 Penetration & Growth Prospect Mapping
3.6 Major Deals & Strategic Alliances Analysis
3.6.1 Mergers & Acquisitions
3.6.2 Investment & Funding
3.7 Impact of COVID-19
Chapter 4 India Home Healthcare Market: Equipment Analysis
Chapter 5 India Home Healthcare Market: Services Analysis
Chapter 6 Competitive Analysis
6.1 Recent Developments & Impact Analysis, By Key Market Participants
6.2 Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
6.3 Company Market Position Analysis
6.4 List of Few Other Players (Device Manufacturers/ Service Providers) in India
6.5 Company Profiles
Chapter 7 KOL Comments
For more information about this report visit https://www.researchandmarkets.com/r/d9nl6k
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