India Home Healthcare Market is Expected to Reach around INR 52 Thousand Crores by the year 2023: Ken Research

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Increasing life expectancy and population growth for people above 60 years and shift in demand trends towards at home chemo therapy, physiotherapy and wound care have led to growth in the home healthcare market in India.

India Home Healthcare is highly unorganized and fragmented with most of the unorganized companies focusing on regional play. The companies face lot of challenges to scale the business at the PAN India while maintaining the professional quality services for elderly care, physiotherapy and stroke rehabilitation services at home. Rising family preference for patients’ healthcare needs for at home chemo therapy, elderly care and stroke patients at home have driven the home healthcare services and POCT devices market.

The report titled “India Home Health Care Market Outlook to 2023 –By Region/Tier (Tier 1, Tier 2 and Tier 3), By Age Group (Above 40 years and Below 40 years), By Subscription and Non Recurring Model, By Profile of Patients (Elderly care, Physiotherapy, Wound Care, Stroke Rehabilitation and Others) and By Market Structure (Unorganized and Organized) by Ken Research suggested a growth at a positive CAGR of 19.4% in terms of Revenue in the market during the forecasted period 2019-2023E.

Elderly care services constitute the largest part of the home healthcare services market. Percentage share of elderly persons (age above 60) in the population has increased to around 9% in 2018. In rural areas while the proportion of elderly persons (age above 60) has increased from 5.8% to 8.8% (out of total rural population), in urban areas, it has increased from 4.7% to 8.1% during 1961 to 2011 (out of urban population). Over 8.8% elderly people are male (out of total male population) while for females, it was 9.4% in 2018. India is expected to have 34 crore people above the age of 60 by 2050.

India Home Healthcare Market Stroke is the second leading cause of mortality worldwide and most of the patients affected by stroke need proper rehabilitation and care post stroke. There was a huge gap in the post stroke rehabilitation which is currently being catered to by the Home Healthcare service providers. Post stroke, patients need constant care and monitoring and in this fast paced world, the family members may not be able to their every need nor will they be able to give constant attention. Hence the demand for home healthcare services has increased from this segment. Around 1.8 million suffer from stroke (either cardiac or brain stroke) every year in India. Out of total patients admitted for ischemic strokes, around 17% were in the range of 18-45 years showcasing the early age stroke prevalence today.

Keywords:-

India Healthcare Market

India Home Healthcare Market

India Home Healthcare Industry

Homecare Providers India Market Share

Organized Home Healthcare Market

India At Home Physiotherapy Market

India At Home Woundcare Market

India Home Elderly Care Market

India At Home Cancer Services Market

India ICU at home Market

India Home Infant care Market

Healthcare Athome Revenue India

India Geriatric Population

E-Health Market India

Portea Market Share India

Healthcare Regulations India

Home Healthcare Regulations India

Key Segments Covered:-

Market Segmentation

By Market Structure (Organized and Unorganized)

By Region/Tier (Tier 1, tier 2and tier 3 cities)

By Age Group (Above 40 years and below 40 years)

By Profile of Patients (Elderly care, physiotherapy, wound care, stroke rehabilitation and others – Infant Care, ICU at home, At home Cancer Therapy, etc)

By Subscription and Recurring Model

Key Target Audience:-

Home Healthcare Service Providers

Hospital Chains

Private Equity/ VC Fund

Health Care Associations

Time Period Captured in the Report:-

Historical Period – 2013-2018

Forecast Period – 2019-2023

Companies Covered:-

Portea Medical

Healthcare At Home