Nigeria Home Healthcare Market Analysis Report 2022 to 2030

Nigeria Home Healthcare Market Analysis

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Nigeria's home healthcare market was valued at $326 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of XX% from 2022 to 2030 and will reach $XX Bn in 2030. One of the main reasons propelling the growth of this market is the increasing prevalence of chronic disease and the aging population. The market is segmented by services and products. Some key players in this market are Crestcare Service, Bevis Home Health Care, Blue Torch Home care, and Greymate Care.

ID: IN10NGHS010 CATEGORY: Healthcare Services GEOGRAPHY: Nigeria AUTHOR: Nandini Shah

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Nigeria Home Healthcare Market Executive Summary

Nigeria's home healthcare market was valued at $326 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of XX% from 2022 to 2030 and will reach $XX Bn in 2030. Nigeria is one of the most densely populated countries in Africa, with around 218.5 million people, a 2.41% rise from 2021, and it is also the largest country in Africa and the sixth largest in the world. Home health care is one of the critical care service providers. Home health care is a sort of health care service that is delivered in the patient's own home. In certain circumstances, it comprises a wide range of health care services such as nursing care, physical therapy, occupational therapy, companionship, and housekeeping.

The Nigerian home healthcare market has been growing in recent years, driven by an aging population, increasing prevalence of chronic diseases, a growing awareness of the benefits of receiving healthcare services in the comfort of one's own home, and aging pollution However, the rise in older Nigerians are taking place against a backdrop of great poverty, unresolved development issues, socioeconomic inequality, the HIV/AIDS epidemic, and a decline in traditional care and support for older persons.

Market Dynamics

Market Growth Drivers

The prevalence of chronic diseases such as diabetes, cardiovascular diseases, and cancer is also driving the growth of the home healthcare market in Nigeria. These diseases require long-term management and monitoring, making home healthcare an attractive option for patients. A study conducted in Nigeria by Abdul Raheem, Oladipo, and Amodu9 reported the presence of chronic illness in 64.9% of the Nigerian population. Nigeria, Africa's largest economy and most populous country, has the highest number of older people on the continent and the 19th highest globally, with the population of Nigerians aged 65 and older expected to nearly treble by 2050. Technological advancements have made healthcare devices portable, user-friendly, and more convenient for patients at home or traveling. The introduction of newer technologies in this market has greatly boosted the current communication flow between patients and healthcare providers, enabling better, faster, and more effective care. Developments in technology coupled with increasing demand are likely to drive market growth in Nigeria.

Market Restraints

The lack of skilled nursing personnel with a compassionate attitude is anticipated to slow the rate of expansion of the Nigerian home healthcare market. According to the British Medical Journal Global Health, which examined 47 African countries, Africa's health professional shortfall would reach 6.1 million by 2030. This is a 45 percent increase above the previous forecasts in 2013. According to the study, the region has a ratio of 1.55 health workers (physicians, nurses, and midwives) per 1000 people, which is lower than the WHO threshold density of 4.45 health workers per 1000 people required to provide essential health services and attain universal health coverage. Many areas in Nigeria lack the infrastructure necessary to provide home healthcare services, such as adequate transportation and communication systems at the same time Many home healthcare providers do not have access to the latest technologies and innovations in home healthcare, which can limit the range of services they can provide.

Competitive Landscape

Key Players

Crestcare Service
Bevis Home Health Care
Blue Torch Home care
Greymate Care
Care Listings Home Healthcare
iCare Home Health
Wellcare Home Medicals

Healthcare Policies and Regulatory Landscape

On August 6, 2019, Nigeria's Federal Ministry of Health (FMoH), in conjunction with the World Health Organization (WHO) and key stakeholders, unveiled the country's first National Multisectoral Action Plan (NNMSAP) for the Prevention and Control of Noncommunicable Diseases (NCD).

Home healthcare in Nigeria is regulated by several government agencies, including the Federal Ministry of Health and the National Agency for Food and Drug Administration and Control (NAFDAC). The policies and regulations that govern the home healthcare industry in Nigeria are designed to ensure the quality and safety of healthcare services provided in the home setting.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Home Healthcare Market Segmentation

By Device Type (Revenue, USD Billion):

Based on the Device Type the market is segmented into Testing, Screening, Monitoring Devices, Therapeutic Home Healthcare Devices, and Mobility Assist.

Testing, Screening, and Monitoring Device
Blood Glucose Monitors
Blood Glucose Monitors
Blood Pressure Monitors
Heart Rate Monitors
Temperature Monitors
Sleep Apnea Monitors
Coagulation Monitors
Ovulation and Pregnancy Test Kits
Pulse Oximeters
Home Hemoglobin A1C Test Kit

Therapeutic Home Healthcare Devices
Oxygen Delivery Systems
Nebulizers
Ventilators
Sleep Apnea Therapeutic Devices
Wound Care Products
IV Equipment
Dialysis Equipment
Insulin Delivery Devices
Inhalers
?Other Therapeutic Products (ostomy devices, automated external defibrillators (AEDs)

Mobility Assist
Walkers and Rollators
Wheelchairs
Canes
Crutches
?Mobility Scooters

By Service Type (Revenue, USD Billion):

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

By Indication Type (Revenue, USD Billion):

Cardiovascular Disorders & Hypertension
Diabetes
Respiratory Diseases
Pregnancy
Mobility Disorders
Hearing Disorders
Cancer
Wound Care
?Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.