With rapidly changing dynamics in healthcare space, the demand for India's home health sector is only set to rise.
INDIA, HOME to one of the largest young population in the world, also has a growing number of geriatric population. According to data from Deloitte, the global elderly population is expected to grow more than double to two billion by 2050 from 840 million in 2013 and India will have 340 million elderly by 2050. Coupled with changes in the traditional family system and rise of nuclear families as well as diseases triggered by lifestyle changes, the geriatric population needs healthcare by their side. This, in turn, is where the concept of home healthcare comes to play.
The convenience of receiving healthcare services at home is the highest level of access that a patient can hope to get. And this service is not only being accessed by the elderly, the young generation is also looking for the convenience and effectiveness of ongoing therapy. Though at a nascent stage in India, the home healthcare market is going to witness a phenomenal growth in years to come. Providing accessible, affordable and high quality treatment will be the motto of the home healthcare providers.
Today, the country is witnessing a dearth of doctors and paramedics. Hence, patients travel far and wide to get quality treatment as there is a disparity between metropolitan cities and tier II and III cities when it comes to quality healthcare. Also, cost factors force many to forgo treatment mid-course. Home healthcare, if properly implemented, can play a pivotal role and get rid of these issues.
Growth prospects
According to a report by Zion Market Research, the global home healthcare market was valued at $228.90 billion in 2015 and is expected to generate revenue of $391.41 billion by 2021, growing at a CAGR of 9.4 per cent between 2016 and 2021.
This story is from the October 2018 edition of Express Healthcare.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 2018 edition of Express Healthcare.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Healthcare Communication In India
Dr Alexander Thomas, President, Association of Healthcare Providers - India (AHPI) and Divya Alexander, Research Consultant, in a first of a series provide detailed insights on healthcare communication that explores its different aspects in an Indian context
The growth story
Himanshu Baid, Managing Director, Poly Medicure elucidates on how Poly Medicure has served the medical fraternity for over 22 years and owns more than 215 patents and continues to file new patents for new technologies and devices they are developing with the help of its R&D team
Main objective of Indian Joint Registry is to help patient safety, bring stability to the market
In the wake of several patients suffering from the impact of faulty hip implants, it is vital that India has a national joint registry to track such patients and avoid future episodes. Richard Armstrong, Head, Health Registries, Northgate Public Services tells Viveka Roychowdhury about the response to the Indian Joint Registry
UNDERSTANDING THE RELEVANCE OF HEALTHCARE RESEARCH
India as a nation has followed the west for decades when it comes to research-based treatments. The sun is fast setting on this methodology and there is a massive need to invest in healthcare research in the country
I have witnessed the steady technical advances in ultrasound
Dr BS Rama Murthy, Consultant Radiologist, Srinivasa Ultrasound Scanning Centre and Chief Patron, Medical Ultrasound Society of Karnataka, Coordinator – Fetal Foundation of India, talks about the evolution of ultrasound and how foetal imaging has improved over the years, in an interaction with Express Healthcare
Radiology has a bright future and has been at the forefront of healthcare
Radiology has a major role to play when it comes to healthcare. Dr Piyush Saxena, Consultant Radiologist and Chief of MR imaging, Vishesh Hospital and Diagnostics, Indore, MP in an exclusive conversation with Express Healthcare disscuses the impact of radiology on healthcare and how newer innovations from GE Healthcare has helped improve healthcare delivery as well as patient comfort
The Pill For India's Ailing Medical Eductaion System
Medical education in India is mired with a host of controversies and is trudging along a rough path.
RED INITIATIVE - Canon Medical / Erbis Engineering conducts CME programmes on CTO-PCIs in Chennai
Invites renowned Japanese cardiac interventionist, Dr Kinzo Ueda to India to share his experiences and insights with cardiologists at Apollo Hospitals and Sri Ramachandra Institute of Higher Education and Research
Roche Diagnostics partners with SRL Dr Avinash Phadke Lab
Roche’s first partner for cobas pro solution is SRL Dr Avinash Phadke Lab in Mumbai. The solution promises to offer greater automation, flexibility and simplified workflow to support better clinical outcomes for patients
Pharmacogenomics- Essential to end the era of trial and error medicine
Chandni Luthra, Co-Founder, FutureMed elucidates on the impact that trial and error has had on patients earlier, but in today's age adverse drug reactions is considered to be the fourth leading cause of death worldwide and has almost doubled in India in the last three years
