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India Care Services Market Size, Share & Trends Analysis Report by Type (Skilled Nursing Facility, Assisted Living Facility, Hospital & Palliative Care, Post-acute Care), by Region (West, South, North, East), and Segment Forecasts, 2022-2030

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    Report

  • 108 Pages
  • June 2022
  • Region: India
  • Grand View Research
  • ID: 5626268
India's care services market size is expected to reach USD 88.1 billion by 2030 expanding at a CAGR of 14.70%. With increased awareness and favorable housing schemes, more elderly people are acquiring houses in senior living communities that provide various types of care services. Thus, the market is likely to be driven by the growing importance of such care services and the growing demand for these facilities across the country.



The reimbursement situation in the country is improving, as people are opting for post-hospitalization and follow-up treatments at home, owing to lower treatment costs. Chemotherapy, Chronic Obstructive Pulmonary Disease (COPD), hepatitis, gastroenteritis, and fever management are among the home healthcare therapies approved by insurance providers propelling the market growth.

Home healthcare services are gaining increasing importance in India due to their convenience & cost-effectiveness of home healthcare services. Patients can save up to 10% to 25% from 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 majority of hospice & sullied nursing providers have started teleconsultation as well.

The COVID-19 pandemic further boosted telehealth services as it was the only option during the pandemic restrictions and a safe one to avoiding avoid the risk of infection at the hospitals. These services are reducing hospitalization time for patients, and saving costs for them, especially for long-term care.

India Care Services Market Report Highlights

  • By Type, hospice & palliative care segment held the highest market share in 2021 due to the increasing geriatric population, and the shift in trend from communicable to lifestyle diseases.
  • Post-Acute care is expected to be the fastest-growing segment during the forecast period. This can be attributed to the technological advancements in healthcare, the cost-effectiveness of home-based healthcare, and the high burden of patients on hospitals in India.
  • By Region, West India has the highest market share in 2021, due to the high demand for care services in the west region as a result of the higher geriatric population in the particular region & increased attention by the key players towards the west region.
  • North Region is expected to witness the highest CAGR during the forecast period. This can be attributed to the better accessibility to quality care services with the presence of key players & better insurance coverage in the north region.
  • Key players in the market are expanding their services within India & investing in developing and adopting advanced technology. For Instance, In March 2020, Portea Medical and Verloop worked with the Government of Goa to develop a chatbot, Cobot-19. The chatbot was designed for providing information to the citizens and to help raise awareness about coronavirus.


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Table of Contents

Chapter 1 Methodology and Scope
1.1 Market segmentation
1.2 Estimates and Forecast Timeline
1.3 Research Methodology
1.4 Information Procurement
1.4.1 Purchased Database
1.4.2 Internal database
1.4.3 Secondary Sources
1.4.4 Primary Research
1.5 Information or Data Analysis
1.5.1 Data Analysis Models
1.6 Market Formulation & Validation
1.7 Model Details
1.7.1 Volume price analysis
1.8 List of Primary Sources
1.9 List of Secondary Sources
1.10 List of Abbreviations
1.11 Objectives
1.11.1 Objective-1
1.11.2 Objective-2
1.11.3 Objective-3
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.2.1 Type
2.2.2 Region
2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Related/Ancillary Market Outlook
3.2 Market Dynamics
3.2.1 MARKET DRIVER ANALYSIS
3.2.1.1 Need for better quality post-operative care
3.2.1.2 Cost effective alternative
3.2.1.3 Advancement in technology
3.2.1.4 Growing geriatric population and growing disposable income
3.2.1.5 Shift from communicable to lifestyle diseases
3.2.1.6 Expansion of companies in other cities
3.2.1.7 Increasing insurance coverage for home healthcare
3.2.2 MARKET RESTRAINT ANALYSIS
3.2.2.1 Shortage of healthcare staff
3.2.2.2 Lack of government regulations
3.3 Business Environment Analysis tools
3.3.1 PESTEL ANALYSIS
3.3.1.1 Political & legal landscape
3.3.1.2 Economic and social landscape
3.3.1.3 Technology landscape
3.3.2 Porter’s five forces analysis
3.3.2.1 Competitive rivalry: High
3.3.2.2 Threat of new entrants: High
3.3.2.3 Bargaining power of buyers: Moderate
3.3.2.4 Bargaining power of suppliers: Moderate
3.3.2.5 Threat of substitutes: Moderate
3.4 Regulatory Framework & Reimbursement Scenario
3.5 Penetration & Growth Prospect Mapping
3.6 Recent Technology Trend Analysis
3.7 Pricing Analysis
3.8 Impact of COVID-19 on the India Care Services Market
Chapter 4 India Care Services Market: Type Analysis
4.1 India Care Services Type Market Share Analysis, 2021 & 2030
4.1.1 Hospice & Palliative Care
4.1.1.1 Hospice & palliative care market, 2017-2030 (USD Billion)
4.1.2 Post-Acute Care
4.1.2.1 Post-acute care market, 2017-2030 (USD Billion)
4.1.3 Skilled Nursing Facility
4.1.3.1 Skilled nursing facility market, 2017-2030 (USD Billion)
4.1.4 Assisted Living Facility
4.1.4.1 Assisted living facility market, 2017-2030 (USD Billion)
Chapter 5 India Care Services Market: Region Analysis
5.1 India Care Services Region Market Share Analysis, 2021 & 2030
5.1.1 West India
5.1.1.1 West India care services market, 2017-2030 (USD Billion)
5.1.2 South India
5.1.2.1 South India care services market, 2017-2030 (USD Billion)
5.1.3 North India
5.1.3.1 North India care services market, 2017-2030 (USD Billion)
5.1.4 East India
5.1.4.1 East India care services market, 2017-2030 (USD Billion)
5.1.5 Central India
5.1.5.1 Central India care services market, 2017-2030 (USD Billion)
5.1.6 Northeast India
5.1.6.1 Northeast India care services market, 2017-2030 (USD Billion)
Chapter 6 Competitive Landscape
6.1 Recent Developments & Impact Analysis, by Key Market Participants
6.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
6.3 Company Market Position Analysis
6.4 Company Profiles
6.4.1 Apollo Homecare
6.4.1.1 Company overview
6.4.1.2 Service benchmarking
6.4.2 Portea Medical
6.4.2.1 Company overview
6.4.2.2 Service benchmarking
6.4.2.3 Strategic initiatives
6.4.3 Nightingales Home Health Services
6.4.3.1 Company overview
6.4.3.2 Service benchmarking
6.4.3.3 Strategic initiatives
6.4.4 India Home Health Care
6.4.4.1 Company overview
6.4.4.2 Service benchmarking
6.4.4.3 Strategic initiatives
6.4.5 Grand World Elder Care
6.4.5.1 Company overview
6.4.5.2 Service benchmarking
6.4.6 Healthcare at Home
6.4.6.1 Company overview
6.4.6.2 Service benchmarking
6.4.6.3 Strategic initiatives
6.4.7 Bharath Home Medicare
6.4.7.1 Company overview
6.4.7.2 Service benchmarking
6.4.8 Care24
6.4.8.1 Company overview
6.4.8.2 Service benchmarking
6.4.8.3 Strategic initiatives
6.4.9 MedFind
6.4.9.1 Company overview
6.4.9.2 Service benchmarking
6.4.10 Swarg Community Care
6.4.10.1 Company overview
6.4.10.2 Service benchmarking
6.4.11 Synergy Analysis: Major Deals & Strategic Alliances
6.4.11.1 Mergers & acquisitions
6.4.11.2 Partnerships & collaborations
6.4.11.3 Market expansion
6.4.11.4 Service launch
6.4.11.5 Investment & funding
Chapter 7 KOL Comments
List of Tables
Table 1 List of secondary sources
Table 2 List of abbreviation
Table 3 Healthcare insurance government schemes in India
Table 4 India Care Services Market, by Type, 2017-2030 (USD Billion)
Table 5 India Care Services Market, by Region, 2017-2030 (USD Billion)
List of Figures
Fig. 1 India care services market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value-chain-based sizing & forecasting
Fig. 7 QFD modelling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 India care services market outlook, 2021 (USD Billion)
Fig. 10 India care services market trends & outlook
Fig. 11 Market driver relevance analysis (Current & future impact)
Fig. 12 Growth of geriatric population in India (in thousands)
Fig. 13 Gross disposable income in India (USD Millions)
Fig. 14 Percentage prevalence of lifestyle diseases
Fig. 15 Number of hospital beds in India per million population
Fig. 16 Market restraint relevance analysis (Current & future impact)
Fig. 17 Penetration & growth prospect mapping
Fig. 18 India care services type market share analysis, 2021 & 2030 (USD Billion)
Fig. 19 India care services type market: Segment dashboard
Fig. 20 Hospice & palliative care market, 2017-2030 (USD Billion)
Fig. 21 Post-acute care market, 2017-2030 (USD Billion)
Fig. 22 Skilled nursing facility market, 2017-2030 (USD Billion)
Fig. 23 Assisted living facility market, 2017-2030 (USD Billion)
Fig. 24 India care services region market share analysis, 2021 & 2030 (USD Billion)
Fig. 25 India care services region market: Segment dashboard
Fig. 26 West India care services market, 2017-2030 (USD Billion)
Fig. 27 South India care services market, 2017-2030 (USD Billion)
Fig. 28 North India care services market, 2017-2030 (USD billion)
Fig. 29 East India care services market, 2017-2030 (USD Billion)
Fig. 30 Central India care services market, 2017-2030 (USD Billion)
Fig. 31 Northeast India care services market, 2017-2030 (USD Billion)
Fig. 32 Impact analysis by key market participants
Fig. 33 Company/competition categorization
Fig. 34 Company market position analysis

Companies Mentioned

  • Apollo Homecare
  • Portea Medical
  • Nightingales Home Health Services
  • India Home Health Care
  • Grand World Elder Care
  • Healthcare at Home
  • Bharath Home Medicare
  • Care24
  • MedFind
  • Swarg Community Care
  • Synergy Analysis: Major Deals & Strategic Alliances

Methodology

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Table Information