India Home Healthcare Market Growth & Trends

The India home healthcare market size is expected to reach USD 21.3 billion by 2027, based on a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 19.2% during the forecast period. The advent of advanced home healthcare services in the country has enabled delivery of high-quality healthcare in the comfort of one’s home. Moreover, patients can save 10% to 25% of their overall medical treatment costs by opting for home healthcare services. Modern-age networking has provided physicians with access to patient data from remote locations and the ability to provide immediate consultation.

The shift from communicable diseases to lifestyle diseases and increasing demand for affordable quality care is expected to drive the demand. According to the Indian Council of Medical Research (ICMR), the number of deaths caused by Noncommunicable Diseases (NCD), increased by 55% in 2016. Deaths due to poor diet, high cholesterol, obesity, alcohol use, and high blood pressure have increased significantly, owing to changes in lifestyle. An overall increase in life expectancy is contributing to a growth in prevalence of various chronic conditions and functional impairments, such as dementia, deterioration of strength and motor skills with age, and diabetes.

India Home Healthcare Market Report Highlights

  • The market is gaining momentum in India, with many private insurance providers are increasing their coverage for these services. For instance, Max Bupa Health Insurance covers homecare services for senior citizens, if prescribed by a doctor
  • The demand for skilled and unskilled services is expected to increase over the forecast period. With the ongoing COVID-19 pandemic, the demand for nurses, attendants, physicians, physiotherapists, and caregivers is expected to rise, with homecare services being considered a safer alternative to hospital services
  • Therapeutic equipment segment held the largest market share in 2019 owing to increasing spending capacity and demand for value-based care from the middle income families in the country
  • With increasing demand, companies are expanding their operations.Nightingales Home Health Services started its business in Bangalore in 2014 and has since expanded its operation to around 5 cities that include Pune, Mumbai, and Hyderabad, with a recent introduction of operations in Chennai