India Home Healthcare Market Analysis

$3,500.00$7,500.00

Latest
  • Type: Service sector
  • Published : September 2022
  • Region: APAC
  • Country: India
  • Report ID : 5057

  • Format: PPT, PDF

India Home Healthcare Market: Segmented by Home Healthcare Equipment Outlook Type and Home Healthcare Service Outlook Type- Growth, Market Size, Future Prospects & Competitive Analysis, 2021 – 2030

Clear
SKU: 5057 Categories: ,

Report Description of the India Home Healthcare Market

Research Scope and Assumption

  • The report provides the market value for the base year 2021 and a yearly forecast up to 2030 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Research Objective:

  • To analyze and forecast the market size of India Home Healthcare Drugs market
  • To classify and forecast India Home Healthcare Market market based on application, drugs, project type, and application.
  • To identify drivers and challenges for India Home Healthcare market
  • To examine competitive developments such as mergers and acquisitions, agreements, collaborations and partnerships, etc., in India Home Healthcare market
  • To conduct pricing analysis for India Home Healthcare Drugs market
  • To identify and analyze the profile of leading players operating in India Home Healthcare market

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for Atopic Dermatitis drug market
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Atopic Dermatitis market
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy-based consulting analysis

India Home Healthcare Market Executive Summary

The Home healthcare market in India has seen the emergence of a variety of organized models in this space, which bring in superior benefits around quality and transparency of services. Furthermore, home healthcare can reduce unnecessary hospital visits by up to 65% and reduce the overall operational costs of hospitals by 20%. Additionally, it has also been seen that patients have a faster recovery cycle.

Market Size and Key Findings

The India Home Healthcare market size is at around USD xx billion in 2021 and is projected to reach USD 11 billion in 2025, exhibiting a CAGR of 19.2% during the forecast period.

Home healthcare refers to the supportive and cost-effective medical assistance received at home for any kind of illness or injury. The India Home Healthcare Market is expected to grow at a positive double-digit CAGR during the forecast period.

Market Dynamics

Market Growth Drivers Analysis

The growth can be attributed to the need for better quality postoperative and primary care and advancement in technologies. Growing geriatric population and disposable income are other factors expected to fuel the market over the forecast period. According to the World Health Organization (WHO), chronic and lifestyle diseases are expected to increase healthcare expenditure in India over the next 25 years. The increasing incidence of chronic diseases, coupled with the need for better primary and postoperative care, is likely to drive the market growth in the country. Developments in technology coupled with increasing demand are likely to drive the market growth in India.

Market Restraints

Shortage of skilled Healthcare Staff and lack of Government Regulations for home healthcare in India have a detrimental impact on the home healthcare market growth rate.

COVID-19 impact on “India Home Healthcare Market” 

The outbreak of COVID-19 in India and subsequent lockdowns to curb its spread severely impacted the home healthcare market in India. As the crisis continues, telehealth solutions, health screening and monitoring devices, and home nursing services segments are likely to witness significant growth. Social distancing norms, limited outdoor medical capacities, and initiatives undertaken by the Indian government to encourage at-home treatments and telehealth solutions are likely to accelerate market growth. Other home healthcare segments that may be affected favourably during this period include health diagnostic devices, at-home therapeutic services, and other medical supplies.

Competitive Landscape

Key Players

Some of the key players operating in the India home healthcare market are Portea Medical, Apollo Homecare, Nightingales Home Health Services, India Home Health Care (IHHC), Grand World Elder Care, Healthcare atHOME, Bharath Home Medicare, Care24, MedFind, Swarg Community Care and Suburban Diagnostics

Products in Pipeline

IIT Delhi’s startup Clensta announces the Launch of super cleanser’s “India’s first innovative home care solutions with smart Concentrates” to drive away single-use plastic pollution and to save the pocket of households

Notable Recent Deals

HealYos Home Healthcare and Emoha Elder Care Services have joined hands in its efforts to  provide robust home-based healthcare services in western India. Emoha is a tech-based start-up catering to all the needs of elderlies in India while HealYos has its own team of doctors and other healthcare professionals who provide home-based healthcare services. While Emoha is based out of northern India, with this partnership, they can make a difference in the western regions with the help of HealYos, which is based in Maharashtra.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of India Home Healthcare Drug

Home-based care in India is fragmented and unorganised, and largely outside the purview of health regulation. In its 11th meeting, the National Council for Clinical Establishments (NCCE) decided that “registration and regulation of home-based care will not be done under CEA” (DGHS, 2018). With very limited regulation, there are concerns about the quality of service providers and services, especially with the increasing demand for home-based care

1. Report Description of the India Home Healthcare Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. India Home Healthcare Market Executive Summary
2.1 India Home Healthcare Market – Industry Snapshot & key buying criteria, 2021-2030
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of India Home Healthcare Market
3.1 Market Growth Drivers Analysis
3.1.1 Need for better quality postoperative
3.1.2 Primary care and advancement in technologies
3.1.3 Growing geriatric population
3.1.4 Growing Disposable income
3.1.5 Increasing incidence of chronic diseases
3.2 Market Restraints Analysis
3.2.1 Shortage of skilled Healthcare Staff
3.2.2 lack of Government Regulations for home healthcare in India
3.3 Covid-19 Market Impact Analysis
3.3.1 Positive impact on outcomes
4. India Home Healthcare Market Segmentation
4.1 By Home Healthcare Equipment Outlook Analysis:
4.1.1 Therapeutic
4.1.1.1 Home Respiratory Therapy Equipment
4.1.1.2 Insulin Delivery Devices
4.1.1.3 Home IV pumps
4.1.1.4 Home Dialysis Equipment
4.1.1.5 Other Therapeutic Equipment
4.1.2 Diagnostic
4.1.2.1 Diabetic Care Unit
4.1.2.2 BP Monitors
4.1.2.3 Multi Para Diagnostic Monitors
4.1.2.4 Home Pregnancy and Fertility Kits
4.1.2.5 Other Self monitoring Equipment
4.1.2.6 Apnea and Sleep Monitors
4.1.2.7 Holter Monitors
4.1.2.8 Heart rate Meters
4.1.2.9 Other Diagnostic Equipment
4.1.3 Mobility Assist
4.1.3.1 Wheel Chair
4.1.3.2 Home Medical Furniture
4.1.3.3 Walking Assist devices
4.2 By Home Healthcare Service Outlook Analysis:
4.2.1 Skilled Homecare
4.2.1.1 Physician/Primary Care
4.2.1.2 Nursing Care
4.2.1.3 Physical, Occupational and/or Speech Therapy
4.2.1.4 Nutritional Care
4.2.1.5 Hospice and Palliative care
4.2.2 Unskilled Homecare
5. India Home Healthcare Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives in India Home Healthcare Market
6.4 Notable recent deals in India Home Healthcare Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers &Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Portea Medical Company Overview
Product & Services, Strategies & Financials
7.2 Apollo Homecare Company Overview
Product & Services, Strategies & Financials
7.3 Home Health Services Company Overview
Product & Services, Strategies & Financials
7.4 Nightingales Company Overview
Product & Services, Strategies & Financials
7.5 India Home Health Care (IHHC) Company Overview
Product & Services, Strategies & Financials
7.6 Grand World Elder Care Company Overview
Product & Services, Strategies & Financials
7.7 Healthcare atHOME Company Overview
Product & Services, Strategies & Financials
7.8 Bharath Home Medicare Company Overview
Product & Services, Strategies & Financials
7.9 Care24 Company Overview
Product& Services, Strategies & Financials.
7.10MedFind Company Overview
Product & Services, Strategies & Financials
7.11Swarg Community Care Company Overview
Product & Services, Strategies & Financials
7.12Suburban Diagnostics Company Overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Pricing and Reimbursement scenario of India Home Healthcare Market
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development India Home Healthcare Market
9.2 Future Opportunities
10. Strategic Recommendations

Atopic Dermatitis Market Segmentation

By Home Healthcare Equipment Outlook Analysis:

Based on home healthcare equipment out look market is sub-segmented into therapeutic, diagnostic and mobility assist.

  • Therapeutic
    • Home Respiratory Therapy Equipment
    • Insulin Delivery Devices
    • Home IV pumps
    • Home Dialysis Equipment
    • Other Therapeutic Equipment
  • Diagnostic
    • Diabetic Care Unit
    • BP Monitors
    • Multi Para Diagnostic Monitors
    • Home Pregnancy and Fertility Kits
    • Other Self-Monitoring Equipment
    • Apnea and Sleep Monitores
    • Holter Monitors
    • Heart rate Meters
    • Other Diagnostic Equipment
  • Mobility Assist
    • Wheel Chair
    • Home Medical Furniture
    • Walking Assist Devices

By Home Healthcare Services Outlook Analysis:

Based on home health care service outlook market is sub-segmented into skilled homecare and unskilled homecare.

  • Skilled Homecare
    • Physician/Primary care
    • Nursing Care
    • Physical, Occupational and/or Speech Therapy
    • Nutritional Care
    • Hospice and Palliative Care
  • Unskilled Homecare

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy this report, please complete the form below.

    We value your inquiry and offer free customization with every report to fulfil your exact research needs.

    This website is secure and your personal details are safe.



    This report addresses

    • Market intelligence to enable effective decision making
    • Growth opportunities and trend analysis
    • Competitive benchmarking
    • Historical data & forecasts
    • Regional opportunities

    Need more?

    • Speak to our analyst to know how this research was put together
    • Add more countries or regions as part of customisation
    • Understand how this report can have direct impact on your revenue

    Get a custom report based on your requirements