Russia Home Healthcare Market Analysis Report 2022 to 2030

Russia Home Healthcare Market Analysis

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Russia's home healthcare market was valued at $5.91 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 7.93% from 2022-30 and will reach $10.88 Bn in 2030. One of the main reasons propelling the growth of this market is an increase in chronic diseases and the aging population. The market is segmented by services and products. Some key players in this market are St Sergius, Elderly care, Care Assistant, Russian Elderly care, Home care, Brethren home community service, and others

ID: IN10RUHS010 CATEGORY: Healthcare Services GEOGRAPHY: Russia AUTHOR: Nandini Shah

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Russia Home Healthcare Market Executive Summary

Russia's home healthcare market was valued at $5.91 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 7.93% from 2022-30 and will reach $10.88 Bn in 2030. On the Legatum Prosperity Index in 2021, Russia was ranked 70th overall. This ranking was based on the country's market accessibility, economic strength, infrastructure, and educational attainment. To ensure continuous drug supplies and avoid shortages in the domestic market, the Russian government authorized a series of measures in 2020. The rise of the Russian healthcare industry is attributed to the government's initiatives to expand the domestic pharmaceutical market, changes in regulatory requirements, and an increase in the number of elderly people.

Compared to an average of $79 for home-based care, the average monthly cost per person in a nursing home is $472, and the average monthly cost per person in a psychoneurological institution (PNI) is $460. The Russian government is collaborating with nonprofit organizations to improve and expand the provision of home-based services in pilot programs in 24 areas with the ultimate goal of implementing these reforms nationally. The federal government has allocated $24.8 million from the federal budget each year from 2021 to 2023 for this project and associated ones.

russia home healthcare market analysis

Market Dynamics

Market Growth Drivers

The need for home healthcare services has increased as a result of the development in chronic conditions like diabetes, heart disease, and respiratory issues. Also, individuals in Russia are becoming more aware of and prepared to pay for home healthcare services. With the development of medical technology, home healthcare services have become better and easier to get because to innovations like telemedicine, remote monitoring, and wearable technology. Technology advancements have made healthcare equipment more mobile, user-friendly, and useful for patients who are at home or on the go. The implementation of new technology in this industry has greatly improved the current flow of communication between patients and providers, enabling better, faster, and more effective care. The Russian government has been supporting the market for home healthcare through tax breaks, financial aid, and assistance for independent home healthcare providers. Also, individuals in Russia are becoming more aware of and prepared to pay for home healthcare services.

Market Restraints

Insufficient funding from the Russian government prevents certain elderly citizens from being able to live independent and respectable lives, according to a statement released today by Human Rights Watch. The funding and delivery of these services appear to be insufficient to satisfy the needs of older people in Russia, despite legal reform to improve them. Instead of protecting their right to live where and with whom they choose within their community, inadequate services may force elderly people to reside in nursing homes or other institutional settings.

Competitive Landscape

Key Players

St Sergius
Elderly care
Care Assistant
Russian Elderly care
Home care
Brethren home community service
Interim Healthcare of Dayton

Healthcare Policies and Regulatory Landscape

Russia has made progress in improving services for senior citizens as a result of its aging population. A law ensuring older people's access to a wider choice of home services was passed in Russia in 2013. Personal support aid such as grocery delivery, bill paying, meal preparation, personal cleanliness, or medical, emergency, or mental health services are examples of services. According to the law, which went into effect in 2015, services should be customized to meet each person's needs in order to help seniors "stay in a familiar and good living environment."

Regional governments are mandated by law to handle home-based service finance and delivery. Experts and campaigners claimed that the 2013 law was ineffectual since monies were frequently insufficient to address the actual need for home assistance. Even though comprehensive services may be allowed by regional or federal norms, social workers frequently have enormous caseloads that prevent them from providing them to older individuals.

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.