Summary

The market is anticipated to grow due to the following factors: the trend from communicable to lifestyle diseases, the growing need for higher-quality postoperative and primary care, technological advancements, rising disposable income, and the expanding availability of better home care services with technology-enabled platforms. The need for home healthcare is predicted to increase in India due to the country's aging population and rising dependence ratio. The demand for improved primary and postoperative care, along with the growing incidence of chronic illnesses among the elderly, is anticipated to propel the growth of the home care services industry in the nation. In India, chronic diseases affect almost 70% of the elderly, according to Union History's aging research. A population like this needs home healthcare services, hospice care, and nursing homes. Recently, the Indian government introduced fresh plans to advance home healthcare in the nation. For instance, the Healthcare Federation of India published Home Healthcare 2.0 in January 2022, which included suggestions from the government and viewpoints from industry participants for generating substantial expansion prospects for home healthcare services in India. India is going through a major demographic change, with an aging population. Chronic diseases and other age-related health issues are on the rise as a result of this demographic trend, better access to healthcare, and lifestyle modifications. The growing urban middle class's need for individualized, convenient healthcare solutions is pushing up demand for in-home services at the same time. The home healthcare industry in India offers a wide range of services due to the country's entrepreneurial spirit in the healthcare sector. Broadly speaking, the market provides a wide range of customized solutions that address different healthcare needs, from standard nursing care and physiotherapy to specialist services like palliative care, post-surgical care, and even home diagnostic services.

According to the research report "India Home Healthcare Market Overview, 2028," published by Bonafide Research, the India Home Healthcare market is anticipated to grow with more than 9.50% CAGR from 2023 to 2028. In India, home healthcare is heavily influenced by community-based healthcare strategies. These methods fit very well with the nation's cultural fabric, which emphasizes the importance of community and family relationships in providing care. In a nation where there are many different languages, religions, and cultural norms, it is essential to respect and incorporate cultural sensitivity into home healthcare services by honouring diverse traditions and practices. Due to their restricted access to healthcare services, India's large rural population faces unique healthcare difficulties. In these kinds of places, where access to healthcare facilities and medical experts is limited, home healthcare becomes an essential lifeline. Home healthcare service providers fill this gap by traveling to far-flung areas, providing necessary medical aid, and encouraging preventive care and health education. In India, social initiatives and non-governmental organizations (NGOs) are important factors in the growth of home healthcare. These groups work in partnership with the public and commercial sectors to deliver healthcare services, with a particular emphasis on underprivileged communities, disadvantaged groups, and places with poor access to healthcare. The home healthcare industry in India is a vibrant ecosystem that values cultural diversity, community-based care, cutting-edge service models, and the integration of conventional medical procedures with contemporary therapies. The market stands out as a unique and changing environment within the global healthcare arena due to its resilience, adaptability, and emphasis on providing accessible, personalized, and culturally sensitive care.

The product and services segment of the market is categorised into therapeutic, TSM, mobility and services. Services segment is anticipated to grow at the fastest rate in India home healthcare services market during the forecast period. The need for qualified healthcare workers with a focus on home-based care is growing in India. Caretakers, therapists, nurses, and other allied healthcare workers are in more demand due to the aging population, the rise in chronic diseases, and the increased emphasis on individualized treatment. The services segment is growing because of this increase in demand for its experienced workers that provide specialized care in the home. More and more, patients and their families are looking for all-encompassing, holistic care solutions that go beyond just medical support. Palliative care, skilled nursing, physiotherapy, post-surgical care, and mental health assistance are just a few of the services that are quickly becoming indispensable to home healthcare. The expansion of the services segment aligns with this preference for a diverse array of specialized services tailored to individual patient needs.

In terms of indication diabetes and cancer diseases are key indications that are raising the demand home healthcare in India. Diabetes and cancer are two major health issues that India's population faces. Despite so many citizens afflicted by this chronic illness, the nation is regarded as the global center for diabetes. Furthermore, the incidence of cancer is rising in all age categories, which is cause for concern. Since these conditions necessitate thorough and continuous care, home healthcare is essential to overcoming the difficulties these chronic illnesses provide. Complex care plans and treatment regimens are necessary for both diabetes and cancer. Blood sugar monitoring on a regular basis, medication compliance, lifestyle changes, and precautionary steps to reduce complications are all part of managing diabetes. Similar to this, treating cancer requires a multimodal approach that includes supportive care, pharmaceutical management, radiation therapy, chemotherapy, and symptom control. The complexity of these treatments often necessitates personalized and continuous care, making home healthcare a favorable option.

Considered in this report:
• Geography: India
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• India Home Healthcare market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product and Services:
• Therapeutic
• TSM
• Mobility
• Services

By Indication:
• Cardiovascular Disorders & Hypertension
• Cancer
• Diabetes
• Respiratory Diseases
• Movement Disorders
• Pregnancy
• Hearing Disorders
• Wound Care
• Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Home Healthcare industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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