Russia Home Healthcare Market Analysis

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  • Type: Service sector
  • Published : September 2022
  • Report ID : 5054

  • Format: PPT, PDF

Russia Home Healthcare Market: Segmented by Product Type, Type , Service Type, and Software Type- Growth, Market Size, Future Prospects & Competitive Analysis, 2021 – 2030

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

Russia Home Healthcare Market Executive Summary

The Russian home healthcare market is expected to have substantial growth over the next five years. Home care product gives excellent treatment facility to the patient with good-quality home-based healthcare and social service.

Market Size and Key Findings

The Russia Home Healthcare market size is at around USD 89 billion in 2021 and is projected to reach USD 134.8 billion in 2026, exhibiting a CAGR of 8.66% during the forecast period.

The Russian home healthcare market is expected to have considerable growth in the next years due to excellent treatment given to the patient with a good quality home-based healthcare and social service, which contributes to the market growth in this European region.

Market Dynamics

Market Growth Drivers Analysis

Major factors driving the growth of this market include the rise in aging population, increasing incidences of chronic diseases, growing demand for affordable healthcare delivery systems due to the mounting healthcare costs, technological advancements, and government initiatives to promote home healthcare.

Market Restraints

Lack of Standardization, changing reimbursement policies, limited insurance coverage, and patient safety concerns are restricting the growth of this market.

COVID-19 impact on “Russia Home Healthcare Market” 

The COVID-19 pandemic is having the mixed impact on the home healthcare market. Since the home healthcare sector comprises both products and services, each has its own set of effects. The outbreak pandemic will positively impact on sales of variety of home healthcare monitoring devices, such as blood glucose monitors, blood pressure monitors, pulse oximeters, and temperature monitors. On the other side, disruptions in the supply chain caused due to the halt in global operations are hindering the market growth.

Competitive Landscape

Key Players

Key market players include Philips Healthcare, Kindred Healthcare, Linde Group, Almost Family Inc., Abbott Laboratories, LHC Group, Johnson & Johnson, A&D Company, Amedisys Inc., Fresenius SE & Co. KGaA, Omron Healthcare, McKesson Corporation, Apria Healthcare Group, Kinnser Software Inc., and Roche Holdings AG.

Products in Pipeline

The buyout of Apria would add products such as a home respiratory therapy and sleep apnea devices to Owens & Minor’s portfolio.

Notable Recent Deals

Medical products supplier Owens & Minor Inc (OMI.N) will acquire Apria Inc (APR.O) for about $1.45 billion in cash to bolster its presence in the fast growing home healthcare services market. Owens & Minor will pay $37.50 per share for Apria, representing a premium of 26.2% to Apria’s closing price  The deal comes at a time when lockdowns and other curbs are being implemented to stem the two-year long COVID-19 pandemic, which has triggered strong demand for home healthcare over clinic-based services.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of Russia Home Healthcare

The Russian government is collaborating with non-profit organizations to improve and expand the delivery of home-based services in pilot programs in 24 regions, with the goal of eventually expanding those reforms throughout the country. The federal government has allocated 1.8 billion rubles (US$24.8 million) from the federal budget for this and related initiatives each year from 2021 to 2023.

1. Report Description of the Russia 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. Russia Home Healthcare Market Executive Summary
2.1 Russia Home Healthcare Market – Industry Snapshot & key buying criteria, 2020-2030
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of Russia Home Healthcare Market
3.1 Market Growth Drivers Analysis
3.1.1 Rise in aging population
3.1.2 Increasing incidences of chronic diseases
3.1.3 Growing demand for affordable healthcare delivery systems
3.1.4 Technological advancements
3.1.5 Government initiatives to promote home healthcare.
3.2 Market Restraints Analysis
3.2.1 Lack of Standardization
3.2.2 Changing reimbursement policies
3.2.3 Limited insurance coverage
3.2.4 Patient safety concerns .
3.3 Covid-19 Market Impact Analysis
3.3.1 Positive impact on outcomes
4. Russia Home Healthcare Market Segmentation
4.1 By Product Type Analysis:
4.1.1 Testing, Screening, &Monitoring Products
4.1.2 Therapeutic Products
4.1.3 Mobility Care Products
4.2 By Service Type Analysis:
4.2.1 Home Telehealth Monitoring Devices
4.2.2 Home Telehealth Services
4.2.3 Home Telehealth Software
4.3 By Type Analysis:
4.3.1 Rehabilitation Therapy Services
4.3.2 Infusion Therapy Services
4.3.3 Unskilled Care Services
4.3.4 Respiratory Therapy Services
4.3.5 Pregnancy Care Services
4.3.6 Skilled Nursing Care Services
4.3.7 Hospice
4.3.8 Palliative Care Services
4.4 By Software Type Analysis:
4.4.1 Agency Software
4.4.2 Clinical Management System
4.4.3 Hospice Solutions
5. Russia 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 Russia Home Healthcare Market
6.4 Notable recent deals in Russia 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 Philips Healthcare Company Overview
Product & Services, Strategies & Financials
7.2 Kindred Healthcare Company Overview
Product & Services, Strategies & Financials
7.3 Linde Group Company Overview
Product & Services, Strategies & Financials
7.4 Abbott Laboratories Healthcare Overview
Product & Services, Strategies & Financials
7.5 LHC Group Company Overview
Product & Services, Strategies & Financials
7.6 Johnson & Johnson Company Overview
Product & Services, Strategies & Financials
7.7 A&D Company Company Overview
Product & Services, Strategies & Financials
7.8 Fresenius SE & Co. Company Overview
Product & Services, Strategies & Financials
7.9 KGaA Company Overview
Product& Services, Strategies & Financials.
7.10 Omron Healthcare Company Overview
Product & Services, Strategies & Financials
7.11 McKesson Corporation Company Overview
Product & Services, Strategies & Financials
7.12 Apria Healthcare Group Company Overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Pricing and Reimbursement scenario of Russia Home Healthcare Market
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development Russia Home Healthcare Market
9.2 Future Opportunities
10. Strategic Recommendations

Home Healthcare Market Segmentation

By Product Type:

Based on products, the market is segmented into testing, screening, and monitoring, therapeutic, and mobility care products.The testing, screening, and monitoring product segment was expected to account for the largest share of the home healthcare market, in 2015, due to the emphasis on preventive medicine.

  • Testing, Screening, & Monitoring Products
  •  Therapeutic Products
  •  Mobility Care Products

By Type:

The potential to reduce healthcare complications and ensure the portability of devices, with high accuracy is expected to create a significant demand for monitoring and testing devices.

  • Home Telehealth Monitoring Devices
  • Home Telehealth Services
  • Home Telehealth Software

By Services Type:

The skilled nursing segment held the largest market share in 2020. However, the hospice and palliative care segment is expected to dominate the market by 2028. Hospice and palliative care segment are expected to grow during the forecast period owing to increasing jobs and services for nurses and caregivers.

  • Rehabilitation Therapy Services
  • Infusion Therapy Services
  • Unskilled Care Services
  • Respiratory Therapy Services
  • Pregnancy Care Services
  • Skilled Nursing Care Services
  • Hospice
  • Palliative Care Services

By Software Type:

Based on the software type the market is segmented into Agency software, Clinical Management System, and Hospice Solutions

  • Agency Software
  • Clinical Management System
  • Hospice Solutions

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.

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