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India Care Services Market Size, Share & Trends Analysis Report By Type (Skilled Nursing Facility, Assisted Living Facility, Hospice & Palliative Care, Home Healthcare, Home Pathology/Clinical Testing), By Region, And Segment Forecasts, 2024 - 2030

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    Report

  • 100 Pages
  • August 2024
  • Region: India
  • Grand View Research
  • ID: 5626268

India Care Services Market Growth & Trends

The India care services market size is anticipated to reach USD 72.31 billion by 2030 and is projected to grow at a CAGR of 13.76% from 2024 to 2030. The market's growth is attributed to the increasing awareness and availability of favorable housing schemes that led to a rise in the number of elderly individuals purchasing homes in senior living communities. These communities offer various types of care services contributing to the growing demand for such facilities across the country. This trend is expected to drive the market growth due to the increasing importance of these care services.

The changing societal views on aging and retirement have increased the need for senior living options. Many seniors desire lively and active lifestyles with access to amenities, recreational activities, and social interactions. Hence, investors are funding this senior living communities that provide a variety of services and facilities to improve residents' overall quality of life. For instance, in May 2024, Columbia Pacific Communities, a U.S.-based company, invested about USD 24.1 million (INR 200 crore) to construct 2 million square feet of senior housing projects across India in the coming two years. Moreover, the company planned to have eight communities, which include over 2,000 homes on sale across nine cities in India.

Home healthcare services are gaining increasing importance in India due to their convenience and cost-effectiveness. According to the NITI Aayog article published in the Investment Opportunities in India's Healthcare Sector report in 2020, the home healthcare market expansion is driven by the ability of home healthcare to achieve a 15% to 30% reduction in infrastructure and operational costs compared to hospital-based care for similar requirements.

India Care Services Market Report Highlights

  • Based on type, the hospice & palliative care segment held the largest market share in 2023. This can be attributed to the increasing prevalence of chronic and terminal illnesses and a growing awareness of the benefits of palliative care.
  • Based on region, the west region dominated the market with the largest market share in 2023 owing to the rising number of nuclear families, the presence of multiple service providers, and rise in urbanization.
  • In February 2024, assethomes.in, a real estate developer, partnered with Columbia Pacific Communities to set a new benchmark in senior living by offering better standards in design, amenities, and services. They plan to launch four projects in the starting phase in Kozhikode, Kottayam, Thiruvananthapuram, and Kochi.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Segment Definitions
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
1.4.5. Details of Primary Research
1.4.6. Research Assumption
1.5. Information or Data Analysis
1.5.1. Data Analysis Models
1.6. Market Formulation & Data Visualization
1.7. Model Details
1.7.1. Volume Price Analysis
1.8. Objectives
1.9. List of Secondary Sources
1.10. List of Abbreviations
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
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 Trends and Outlook
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.1.1. Need for better quality post-operative care
3.3.1.2. Cost effective alternative
3.3.1.3. Advancement in technology
3.3.1.4. Growing geriatric population and growing disposable income
3.3.1.5. Shift from communicable to lifestyle diseases
3.3.1.6. Expansion of companies in other cities
3.3.1.7. Increasing insurance coverage for home healthcare
3.3.2. Market Restraint Analysis
3.3.2.1. Shortage of healthcare staff
3.3.2.2. Lack of government regulations
3.3.3. Market Opportunity Analysis
3.3.4. Market Threat Analysis
3.4. Business Environment Analysis Tools
3.4.1. Porter’s Five Forces Analysis
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.5. Regulatory Framework & Reimbursement Scenario
3.6. Pricing Analysis
Chapter 4. India Care Services Market: Type Estimates & Trend Analysis
4.1. India Care Services Type Market: Segment Dashboard
4.2. Type Segment Market Share Movement Analysis, 2023 & 2030
4.3. India Care Services Market Estimates & Forecast, by Type, 2018 - 2030 (USD Billion)
4.4. Hospice & Palliative Care
4.4.1. Hospice & palliative care market, 2018 - 2030 (USD Billion)
4.5. Home Healthcare
4.5.1. Home healthcare market, 2018 - 2030 (USD Billion)
4.5.2. Skilled Home Healthcare
4.5.2.1. Skilled home healthcare market, 2018 - 2030 (USD Billion)
4.5.3. Unskilled Home Healthcare
4.5.3.1. Unskilled home healthcare market, 2018 - 2030 (USD Billion)
4.6. Skilled Nursing Facility
4.6.1. Skilled nursing facility market, 2018 - 2030 (USD Billion)
4.7. Assisted Living Facility
4.7.1. Assisted living facility market, 2018 - 2030 (USD Billion)
4.8. Home Pathology/Clinical Testing
4.8.1. Home pathology/clinical testing market, 2018 - 2030 (USD Billion)
Chapter 5. Region Business Analysis
5.1. India Care Services Region Market: Segment Dashboard
5.2. Region Movement & Market Share Analysis, 2023 & 2030
5.3. India Care Services Market Estimates & Forecast, by Region, 2018 - 2030 (USD Billion)
5.4. West India
5.4.1. West India care services market, 2018 - 2030 (USD Billion)
5.5. South India
5.5.1. South India care services market, 2018 - 2030 (USD Billion)
5.6. North India
5.6.1. North India care services market, 2018 - 2030 (USD Billion)
5.7. East India
5.7.1. East India care services market, 2018 - 2030 (USD Billion)
5.8. Central India
5.8.1. Central India care services market, 2018 - 2030 (USD Billion)
5.9. Northeast India
5.9.1. Northeast India care services market, 2018 - 2030 (USD Billion)
Chapter 6. Competitive Landscape
6.1. Company Categorization
6.2. Company Market Position Analysis
6.3. Strategy Mapping
6.3.1. Merger & Acquisitions
6.3.2. Partnerships/Collaborations/Alliances
6.3.3. New Service Launch
6.3.4. Investment/Funding
6.4. Company Profiles/Listing
6.4.1. Apollo Homecare
6.4.1.1. Overview
6.4.1.2. Financial performance
6.4.1.3. Service benchmarking
6.4.1.4. Strategic initiatives
6.4.2. Portea Medical
6.4.2.1. Overview
6.4.2.2. Financial performance
6.4.2.3. Service benchmarking
6.4.2.4. Strategic initiatives
6.4.3. HCAH Nightingales Home Health Services
6.4.3.1. Overview
6.4.3.2. Financial performance
6.4.3.3. Service benchmarking
6.4.3.4. Strategic initiatives
6.4.4. India Home Healthcare
6.4.4.1. Overview
6.4.4.2. Financial performance
6.4.4.3. Service benchmarking
6.4.4.4. Strategic initiatives
6.4.5. Grand World Elder Care
6.4.5.1. Overview
6.4.5.2. Financial performance
6.4.5.3. Service benchmarking
6.4.5.4. Strategic initiatives
6.4.6. Health Care at Home Private Limited
6.4.6.1. Overview
6.4.6.2. Financial performance
6.4.6.3. Service benchmarking
6.4.6.4. Strategic initiatives
6.4.7. Bharath Home Medicare
6.4.7.1. Overview
6.4.7.2. Financial performance
6.4.7.3. Service benchmarking
6.4.7.4. Strategic initiatives
6.4.8. Care24 Pvt Ltd.
6.4.8.1. Overview
6.4.8.2. Financial performance
6.4.8.3. Service benchmarking
6.4.8.4. Strategic initiatives
6.4.9. Ezee Medfind LLP
6.4.9.1. Overview
6.4.9.2. Financial performance
6.4.9.3. Service benchmarking
6.4.9.4. Strategic initiatives
6.4.10. Swarg Community Care
6.4.10.1. Overview
6.4.10.2. Financial performance
6.4.10.3. Service benchmarking
6.4.10.4. Strategic initiatives
List of Tables
Table 1 List of secondary sources
Table 2 List of abbreviations
Table 3 India care services market revenue estimates and forecast, by type, 2018 - 2030 (USD Billion)
Table 4 India home healthcare market revenue estimates and forecast, by type, 2018 - 2030 (USD Billion)
Table 5 India care services market revenue estimates and forecast, by region, 2018 - 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 Market snapshot
Fig. 10 Type & region segment outlook
Fig. 11 Competitive landscape
Fig. 12 India care services market: Market dynamics
Fig. 13 India care services market: Porter’s analysis
Fig. 14 India care services market: PESTLE analysis
Fig. 15 India care services market: Type segment dashboard
Fig. 16 India care services market: Type movement share analysis
Fig. 17 Hospice & palliative care market, 2018 - 2030 (USD Billion)
Fig. 18 Home healthcare market, 2018 - 2030 (USD Billion)
Fig. 19 Skilled home healthcare market, 2018 - 2030 (USD Billion)
Fig. 20 Unskilled home healthcare market, 2018 - 2030 (USD Billion)
Fig. 21 Skilled nursing facility market, 2018 - 2030 (USD Billion)
Fig. 22 Assisted living facility market,2018 - 2030 (USD Billion)
Fig. 23 Home pathology/clinical testing market,2018 - 2030 (USD Billion)
Fig. 24 India care services market: Region segment dashboard
Fig. 25 India care services market: Region movement share analysis
Fig. 26 West India market, 2018 - 2030 (USD Billion)
Fig. 27 South India market, 2018 - 2030 (USD Billion)
Fig. 28 North India market, 2018 - 2030 (USD Billion)
Fig. 29 East India market, 2018 - 2030 (USD Billion)
Fig. 30 Central India market, 2018 - 2030 (USD Billion)
Fig. 31 Northeast India market, 2018 - 2030 (USD Billion)
Fig. 32 Company categorization
Fig. 33 Company market position analysis
Fig. 34 Strategic framework

Companies Mentioned

  • Apollo Homecare
  • Portea Medical
  • HCAH Nightingales Home Health Services
  • India Home Healthcare
  • Grand World Elder Care
  • Health Care at Home Private Limited
  • Bharath Home Medicare
  • Care24 Pvt Ltd.
  • Ezee Medfind LLP
  • Swarg Community Care

Methodology

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Table Information