Patients Growth for Elderly Care, Physiotherapy at home and Stroke Rehabilitation to Drive Home Healthcare Services Market in India: Ken Research

• India is expected to have 34 crore people above the age of 60 by 2050
• The average hospitalization costs in India have increased at a positive CAGR of 10.7% over the past 10 years (2004-2014). This combined with poor bed to patient ratio has led to early relieving from hospitals with additional care required at home.
• Stroke Rehabilitation and Physiotherapy at home patients has grown significantly due to post trauma care in India. Around 1.8 million suffer from stroke every year in India. Around 17% of ischemic stroke patients belong to age category of 18-45 years.
• The lack of regulations and standards in the industry along with home health care services not being covered under the ambit of insurance are some of the major barriers of growth in the industry.

Increase in the Number of Organized Players: The home healthcare market is dominated by private, unorganized players and the trend appears to remain the same for the next 5 years as well, however, the market is expected to witness a nominal decrease in the proportion of unorganized players. The decrease in unorganized sector is expected to be due to the extensive expansion strategies adopted by the current major organized players as well as the shifting demand trends towards certified professional services.

Increase in the Scale of Operations: The organized players have largely penetrated in tier 1/ metro cities such as Delhi, Gurgaon, Bangalore, Hyderabad, Chennai, Mumbai where the demand is high due to awareness of patient family about the professional home healthcare services at reasonable cost. The unorganized players are largely able to meet the demand due to lower at home midwives services or physiotherapy price. It is anticipated in future that organized players will be able to expand at higher pace in tier 2 cities especially in upcoming smart cities where the tertiary healthcare services are improving and inpatients for super specialized trauma care is rising.

Primary Growth Drivers: The main reasons for the expected growth in revenue are factors such as increasing life expectancy, increasing levels of disposable income, shifting demand trends, unhealthy lifestyles of the younger population leading to higher prevalence of chronic diseases requiring specialized care

Analysts at Ken Research in their latest publication “India Home Healthcare Market Outlook to 2023 – By Patient Profile (Elderly Care, Physiotherapy, Stroke rehabilitation, Wound Care and Others); By Organized (Subscription and Non Recurring Model) and Unorganized, By Major Cities” believe that the Home Healthcare Market in India has been growing and is expected that it will expand due to adoption of deep technology including IoT and AI into the medical services industry, shift in demand trends and the increasing population.
The market is expected to register a positive CAGR of 16.8% in terms of revenue during the forecast period 2018-2023. The market is further expected to be driven by the increasing competition from new companies entering the market.

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)
 By Subscription and Recurring Model.

Key Target Audience
• Home Healthcare Providers
• Hospital Chains
• Private Sector Investors
• Health Care Associations

Time Period Captured in the Report:
• Historical Period – 2013-2018
• Forecast Period – 2019-2023

Companies Covered:
• Portea Medical
• Healthcare AtHome
• MedWell Ventures
• Care24
• CallHealth Services
• Apollo HomeCare
• India Home Healthcare
• Critical Care Unified
Key Topics Covered in the Report
• Introduction
• Ecosystem in India Home Health Care Market
• India National Health Account Statistics, 2018
• Market Size by Revenue in INR Crores
• Market Segmentation
• Competition Scenario
• Company Profiles of Major Companies
• Growth drivers
• Trends and Developments
• Issues and Challenges
• Regulatory Framework
• Future Outlook and Projections: Market Size
• Future Outlook and Projections: Market Segmentation
• Analyst Recommendations

For more information on the research report, refer to below link:
https://www.kenresearch.com/healthcare/general-healthcare/india-home-healthcare-market/186924-91.html

Related Reports
https://www.kenresearch.com/healthcare/medical-devices/india-healthcare-it-market-research-report/527-91.html

https://www.kenresearch.ae/healthcare/general-healthcare/home-healthcare-market/186215-91.html

https://www.kenresearch.ae/healthcare/medical-devices/global-medical-lifting-slings-market/178507-91.html

https://www.kenresearch.com/healthcare/diagnostics/global-continuous-glucose-monitoring-systems-market/177338-91.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.

This release was published on openPR.