According to a TechSci Research report titled “India Home Healthcare Market – By Region, Competition, Forecast and Opportunities, 2029,” the India home healthcare market is poised for impressive growth throughout the forecast period. This projection is driven by the increasing demand for medical benefits encompassing health management, addressing chronic diseases, post-operative care, elderly care, palliative care, and mental health. Furthermore, there is a growing inclination towards personalized healthcare among individuals. The market’s expansion is also propelled by rapid scientific and technological advancements, rising healthcare costs, changes in food laws affecting labeling and product claims, a burgeoning aging population, and a heightened interest in wellness through diet. The India home healthcare market is witnessing the emergence of remote patient monitoring technology, gaining popularity due to its ability to enable proactive care and early intervention.
Nevertheless, the regulation of dietary supplements in Canada presents complexities. India’s home healthcare infrastructure is still in its nascent stages, facing challenges in transportation, communication, and technology that could impede market growth. Moreover, India experiences a shortage of skilled healthcare workers, including nurses and therapists, which limits the availability of home healthcare services and potentially hampers market growth. Additionally, limited insurance coverage for home healthcare services creates obstacles for patient access, further constraining the growth of the India home healthcare market.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on “India Home Healthcare Market” – https://www.techsciresearch.com/report/india-home-healthcare-market/15508.html
The India home healthcare market can be segmented by equipment type, services, and region. Based on equipment type, the market is divided into therapeutics (home respiratory therapy, insulin delivery, home intravenous pumps, home dialysis equipment, and other therapeutic equipment), diagnostics (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, and other diagnostic equipment), and mobility assist equipment (wheelchair, home medical furniture, and walking assist devices). The diagnostic segment led the market in 2022 and is projected to maintain its dominance due to the escalating demand for home healthcare services. This growth is fueled by factors such as the increasing prevalence of chronic diseases, an aging population, and a growing awareness of and acceptance for home healthcare.
In terms of service type, the market is classified into skilled home care (physician/primary care, nursing care, physical, occupational, and/or speech therapy, nutritional support, hospice & palliative care, and other skilled home care services) and unskilled home care. The skilled nursing service segment is expected to dominate during the forecast period due to the rising demand for nursing care among the elderly and chronically ill patients, as well as the expanding availability of skilled nursing services in home settings.
Major companies operating in the India home healthcare market are:
- Portea Medical
- Medwell Ventures Pvt. Ltd.
- Nightingales Home Health Services Pvt. Ltd.
- Apollo Homecare Corp
- Care24 Pvt. Ltd.
- Healthcare at Home India Pvt. Ltd
- Zoctr Health Pvt. Ltd
- Healers at Home
- India Home Health Care Pvt. Ltd.
- HealthCare Global Enterprises Ltd./India.
Recent Development
- In 2019, Medlife, a leading online pharmacy and healthcare platform, acquired the home healthcare services provider, EClinic24/7. The acquisition was aimed at strengthening Medlife’s presence in the home healthcare market and expanding its service offerings.
- In 2021, Portea Medical, one of the largest home healthcare providers in India, announced its acquisition of Health Vista India Private Limited, a Bangalore-based home healthcare services company. The acquisition was intended to strengthen Portea’s presence in the southern region of India.
- In 2020, Apollo Hospitals, one of India’s largest healthcare providers, announced the launch of its Apollo Home Health Care division. The new division provides a range of home healthcare services, including nursing, physiotherapy, and medical equipment rentals.
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“The India home healthcare is expected to dominate the market during the forecast period due to the rising demand for in-house treatment with medical benefits along with growing geriatric population across the country. Furthermore, the trend of convenient medical facilities is growing, particularly among individuals with in-house treatment facilities, which is cost-efficient and time-saving, thereby driving the growth of the India home healthcare market. Besides, increasing concerns about healthy lifestyles and increasing expenditure on health and wellness are expected to create lucrative opportunities for the market growth” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Home Healthcare Market By Equipment Type (Therapeutics {Home Respiratory Therapy, Insulin Delivery, Home Intravenous Pumps, Home Dialysis Equipment, and Other Therapeutic Equipment}, Diagnostics {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, and Other Diagnostic Equipment}, and Mobility Assist Equipment {Wheelchair, Home Medical Furniture, and Walking Assist Devices}), By Services (Skilled Home Care {Physician/Primary Care, Nursing Care, Physical, Occupational, and/or Speech Therapy, Nutritional Support, Hospice & Palliative Care, and Other Skilled Home Care Services}, Unskilled Home Care), and By Region, Competition, Forecast, and Opportunities, 2029”, has evaluated the future growth potential of the India home healthcare market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India home healthcare market.
Our Free Sample Report Consists of the Following:
– Comprehensive analysis of the India home healthcare market trends and forecasts.
– Detailed insights into the driving forces and potential hindrances.
– In-depth examination of market segmentation by various factors.
– Competitive landscape analysis highlighting key players.
Key questions answered in this Report:
– What factors are propelling the growth of the India home healthcare market?
– How do regulatory complexities impact market dynamics?
– Which equipment and service segments are poised for dominance?
– What is the competitive landscape and who are the key players?
– How can industry stakeholders leverage this report for informed decision-making?
About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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