India Home Healthcare Market to Expand at a CAGR of 19.27% Through 2030: Grand View Research Inc.

 India Home Healthcare Market Growth & Trends

The India home healthcare market size is expected to reach USD 36.1 billion by 2030, expanding at a CAGR of 19.27% from 2022 to 2030, based on a new report by Grand View Research, Inc. The market is being driven by increasing demand for improved healthcare care services, expanding geriatric population, a shift in trend from communicable to chronic diseases, rapid technological improvements, rising disposable income, and demand for cost-effective care services.

Home healthcare is becoming more valuable due to the usage of remote patient monitoring technology such as home infusion pumps, home oxygen, heart rate monitoring devices, and glucose monitoring devices, among others. Medtronic's Guardian Connect System is India's first smart glucose monitoring system. India's leading telehealth providers are investing in remote patient monitoring. To track patient conditions, Apollo Homecare implemented new mobile application-based remote patient monitoring equipment. Remote patient monitoring devices are application-linked devices that work best in the home. These glucose monitoring devices are becoming popular in India.

The Indian government is also looking forward to assisting with home healthcare services and the latest technology. The Government of India started a national digital health program in September 2021 to promote the use of electronic medical data for home healthcare services. The Healthcare Federation of India launched Home Healthcare 2.0 in January 2022, incorporating professional viewpoints on home care and promoting home healthcare services.

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India Home Healthcare Market Report Highlights

• The therapeutic sector dominated the equipment segment during the year 2021. The home respiratory therapy equipment contributed the most to the high revenue share of the therapeutic sector as a result of the high prevalence of chronic diseases such as COPD
• The skilled home care services accounted for a major share in the services segment. Initiatives by home healthcare providers to train nurses, attendants, and physiotherapists are expected to drive the market in India
• The demand for unskilled care services has significantly increased over the years. Local service providers primarily offer caregivers who act as companions to the elderly and assist them in performing daily activities. Various services offered under unskilled homecare include wound dressing, bathing, grooming, and feeding

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India Home Healthcare Market Segmentation

Grand View Research has segmented the India home healthcare market based on equipment and services:

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

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

List of Key Players in India Home Healthcare Market

• Apollo Homecare
• Portea Medical
• India Home Health Care
• Healthcare atHome
• Care24
• Nightingales Home Health Services
• Bharat Home Medicare
• Grand World Elder Care
• Medfind
• Swarg Community Care
• Suburban Diagnostics

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.