Rising Number of Organized Home Healthcare Providers, Introduction of Standardization by QAI, makes Home Healthcare Vertical, a Lucrative Investment Opportunity: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Increasing life expectancy leading to a rise in the elderly population and a shift in demand trends towards a more convenience-driven market has led to growth in the home healthcare market in India. The outbreak of the COVID-19 pandemic has also positively impacted the home healthcare services in India. The number of inquiries for services such as Chemotherapy at Home, Dialysis at Home has significantly increased within the past 1-2 months. Increase in the Scale of Operations: Tier 1 city has dominated the market at present, with the current market share standing strong at approximately 76.0%. This market share is expected to decline over the period of the next six years, thus increasing the market share of tier 2 and tier 3 by the year 2025. It must be noted that the decline in the share of tier 1 cities is projected not due to an expected decrease in demand in tier 1 cities, but an increasing demand trend in tier 2 and tier 3 cities due to greater awareness, acceptance among people and increase in the disposable income of people belonging to Tier 2 and Tier 3 cities among other factors. Primary Growth Drivers: The main reasons for the 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 a higher prevalence of chronic diseases requiring specialized care among others which are increasing the demand for home healthcare services in the country. At present, the total number of the elderly population stands at approximately 132 million in India. India is expected to have 34 Crore people above the age of 60 by 2050. The number of old age people is said to increase from 9% to 20% in the next three decades. Solving Industry Challenges: The main challenge that the home the healthcare industry is currently facing is the lack of regulatory guidelines in the industry to maintain service quality consistency and to record clinical outcomes. However, with the industry growing at a dynamic pace, it is expected that the regulations will soon be introduced for the home healthcare service providers. With this, the industry will come under the purview of insurance and more people would avail of the home healthcare services in the country. Technology Oriented Growth: Home the healthcare industry, like other markets today, is working on becoming extensively technology-oriented. For instance, Portea Medical and Medwell Ventures have backed their services with a mobile application. The companies are also making use of monitoring devices and home ICU systems, which enables doctors to continuously monitor the conditions of their patients in real-time, without the need of physically being present at the home of the patient. Further, the players are also investing in extensive marketing and awareness programs through digital platforms in order to maximize their reach. Analysts at Ken Research in their latest publication “India Home Healthcare Market Outlook to 2025 (Second Edition)– By Patient Profile (Elderly Care, Post Operative Care, Physiotherapy, Palliative Care, Stroke Rehabilitation and Others), By Organized (Subscription and Non-Subscription Model) and Unorganized, By Patient Age Profile and By Major Cities” believe that the Home Healthcare Market in India will expand due to the adoption of greater technology include IoT and AI into the medical services industry, a shift in demand trends, and the increasing geriatric population. The market is expected to register a positive CAGR of 19.2% in terms of revenue during the forecast period FY’2019-FY’2025. The market is further expected to be driven by the increasing competition from new companies entering the market. Key Segments Covered: – India Home Healthcare Market, FY’2014-FY’2025 India Home Healthcare Market Segmentation, FY’2019-FY’2025 By Market Structure (Organized and Unorganized) By Region/Tier (Tier 1, Tier 2and Tier 3 cities) By Age Group (0-25 Years, 25-40 Years, 40-60 Years and Above 60 Years) By Profile of Patients (Elderly care, Physiotherapy, Post-Operative Care, Stroke Rehabilitation, Palliative Care and Others) By Subscription and Non-Recurring Model Key Target Audience Homecare Providers Hospital Chains Private Sector Investors Healthcare Regulatory Bodies Government and Industry Associations Medical Device Companies & Distributors Pharma Manufacturing and Distribution Companies Time Period Captured in the Report: Historical Period – FY’2014-FY’2019 Forecast Period – FY’2020-FY’2025 Companies Covered: Portea Medical (Health Vista Pvt Ltd) Healthcare AtHome Medwell Ventures Care24 CallHealth Apollo HomeCare India Home Healthcare Critical Care Unified Bharath Home Medicare Key Topics Covered in the Report: – Healthcare at Home in India Home-Based Health Care Industry in India Homecare Providers in India E-Health Market India India Insurance Coverage Market Share India per Capita Expenditure on Health India per Capita Expenditure on Hospitalization Organized Home Healthcare Market India India Home Healthcare Major Investors Home Healthcare Patients in India Critical Care at Home in India Palliative Care Market India Stroke Rehabilitation Market India For More Information on the research report, refer to below link: – India Home Healthcare Industry Growth Related Reports by Ken Research: – India Online and Offline Pharmacy Retail Market Outlook to 2025 – By Organized and Unorganized; By Standalone and Hospital based Pharmacy; By Product Category (Prescribed Drugs, OTC Drugs and Non-Pharmaceutical Goods) and Therapeutic Class Global Home Healthcare Market Outlook to 2025– By Patient Profile (Elderly Care, Rehabilitation, Physiotherapy, Wound Care and Others), By Age Group in Years (Mother and Infant, Below 25, 25-40, 40-65 and 65 & Above) and By Region (USA, Germany, UK, Canada, Japan, Australia, China, India, South Africa, UAE and Others) India Medical Device Market Outlook to 2023 – by IVD Market (Type of Device, Sales Channel, Domestic Manufacturing and Import), by Diagnostic Imaging Market (Type of Device, Domestic Manufacturing and Import) and by Patient Aid Market (Orthopedic Device, Hospital Furniture and Hearing Aid) Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Apollo Home Healthcare Market Share, Bharath Home Medicare Investors, CallHealth Market Revenue Share, Care24 Home Healthcare Market Growth Analysis, Chemotherapy at Home Market India, COVID-19 Impact on Home Healthcare in India, Critical Care at Home In India, Dialysis at Home Market India, E-Health Market India, Elderly Care at Home Market In India, future of home health care industry in india, Future Of India Home Healthcare Industry, Healthcare at Home in India, Healthcare in India, Healthcare Industry in India, Home Healthcare Demand India, Home Healthcare in India, Home Healthcare Industry In India, Home Healthcare Market In India, Home Healthcare Patients in India, Home Healthcare Sector India, Home Healthcare Service Providers India, Home Healthcare Services Market, Home Healthcare Standardization India, Home-Based Health Care Industry in India, Homecare Providers in India, Hospital at Home Market Size, ICU at Home Market India, Impact of COVID-19 on India Healthcare Sector, India Home Healthcare, India Home Healthcare AtHom Market Growth, India Home Healthcare Competition, India Home Healthcare Industry, India Home Healthcare Industry Research Report, India Home Healthcare Major Investors, India Home Healthcare Market, India Home Healthcare Market Analysis, India Home Healthcare Market Business Model, India Home Healthcare Market Future Outlook, India Home Healthcare Market Growth Forecast, India Home Healthcare Market Report, India Home Healthcare Market Research Report, India Home Healthcare Market Revenue Share, India Home Healthcare Market Revenue Size in Crores, India Home Healthcare Market Segmentation, India Home Healthcare Market Size, India Insurance Coverage Market Share, India Palliative Care Market, India per Capita Expenditure on Health, India per Capita Expenditure on Hospitalization, India Physiotherapy Market, India Post Operative Care Market, India Stroke Rehabilitation Market, Market for home healthcare services in India, Medwell Ventures Total Number Services, nurse for elderly at home india, online health care services, Online Healthcare Market in India, Organized Home Healthcare Market India, Palliative Care Market India, Physiotherapy at Home India, Portea Medical Market Share, Setting Up a Home Healthcare Agency in India, Stroke Rehabilitation Market India, Total Caretakers in India, Unorganized Home Healthcare Market India