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, 2023 - 2030

Market Segmentation

• India Home Healthcare Equipment Outlook (Revenue, USD Million, 2017 - 2030)
  • Therapeutic
    • Home Respiratory Therapy
    • Insulin Delivery
    • Home Intravenous Pumps
    • Home Dialysis Equipment
    • Other Therapeutic Equipment
  • Diagnostic
    • Diabetic Care Unit
    • Blood Pressure Monitors
    • Multi-Parameter Diagnostic Monitors
    • Home Pregnancy and Fertility Kits
    • Other Self-Monitoring Equipment
    • Apnea and Sleep Monitors
    • Holter Monitors
    • Heart Rate Meters
    • Other Diagnostic Equipment
  • Mobility Assist Equipment
    • Wheelchair
    • Home Medical Furniture
    • Walking Assist Devices
• India Home Healthcare Services Outlook (Revenue, USD Million, 2017 - 2030)
  • Skilled Home Care
    • Physician/Primary Care
    • Nursing Care
    • Physical, Occupational, and/or Speech Therapy
    • Nutritional Support
    • Hospice & Palliative Care
    • Other Skilled Home Care Services
  • Unskilled Home Care

India Home Healthcare Market Dynamics

Drivers: Need For Better Quality Post-Operative And Primary Care

As per the World Health Organization (WHO), the prevalence of chronic injuries and diseases is expected to rise, thus increasing the burden of diseases in India in the next 25 years. As the elderly population is more susceptible to chronic diseases, there will be an increased demand for better primary and postoperative care. This, in turn, is likely to boost the country's care services market. According to the aging study of India by Union History, about 70% of seniors in India have chronic diseases. Nursing homes, hospice & home healthcare services are required for such demographics. Companies are expanding their service offerings to maintain and increase market share. Increasing overall disposable income is expected to boost the demand for various healthcare services. Portea Medical offers geriatric care, including physiotherapy, palliative care, primary care, and postoperative care. In addition, the company also delivers medicines and medical equipment at home. An already large and further growing number of patients need quality healthcare and postoperative, which is expected to act as a primary driver for the market in India.

Cost Effective Alternative

The emergence of advanced home healthcare services in the country has made it possible to receive top-notch healthcare in the comfort of one's own home. Patients can save between 10% to 25% of their total medical treatment expenses by choosing home healthcare services. Modern-age networking has provided physicians with access to patient data from remote locations and the ability to provide immediate consultation. Moreover, the chances of hospital-acquired infections are also low in the case of home healthcare services, similar to other care services, such as nursing homes, hospices, and assisted living facilities. For instance, palliative care in India costs around USD 1,500 per month. As per National Sample Survey Office India, Competition among significant healthcare service providers, owing to growing demand, will likely reduce overall service costs.

Restraints: Lack Of Government Regulations

The home healthcare market is highly fragmented, with the presence of a large number of established as well as local players. However, the government has not laid down a clear policy framework regarding quality and regulation. The government is currently focused on improving health insurance framework of the country and it could include home healthcare services to mitigate the pressure of increasing demand. A lack of regulations may lead to unfair competition among the existing players, which is likely to impede market growth. Home care personnel should be licensed and registered in the same way that other skilled medical professionals are, with periodic renewal mechanisms. A mandatory national licensing standard should be established for home care, with standard guidelines for treatment based on international protocols. Innovative insurance plans that provide cost benefits for health seekers and providers should be made available by regulatory measures. Lack of regulations may lead to unfair competition among existing players, which is likely to restrain the market.

What Does This Report Include?

This section will provide insights into the contents included in this India home healthcare market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

India Home healthcare market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

India Home healthcare market quantitative analysis

• Market size, estimates, and forecast from 2017 to 2030

• Market estimates and forecast for product segments up to 2030

• Regional market size and forecast for product segments up to 2030

• Market estimates and forecast for application segments up to 2030

• Regional market size and forecast for application segments up to 2030

• Company financial performance