India Home Healthcare Market Size & Outlook, 2023-2030
India home healthcare market, 2018-2030 (US$M)
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India home healthcare market highlights
- The India home healthcare market generated a revenue of USD 5,188.0 million in 2023 and is expected to reach USD 10,375.4 million by 2030.
- The India market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Equipment is the most lucrative component segment registering the fastest growth during the forecast period.
Home healthcare market data book summary
| Market revenue in 2023 | USD 5,188.0 million |
| Market revenue in 2030 | USD 10,375.4 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Services |
| Key market players worldwide | B. Braun, Abbott Laboratories, Sunrise Medical, 3M Co, Baxter International Inc, Medtronic PLC, Cardinal Health Inc, Roche Holding AG ADR, Air Liquide SA, Amedisys Inc, Fresenius Medical Care AG, Arkray, Becton Dickinson & Co, OMRON Corp, Drive Medical, GE Aerospace, Medline Industries, Koninklijke Philips NV, Johnson & Johnson, Linde PLC, Vygon, Teleflex Inc, Moog Inc A, Fresenius SE & Co KGaA, Bayer AG, UnitedHealth Group Inc, Brookdale Senior Living Inc, Sunrise Senior Living, Genesis Healthcare Inc Class A, Extendicare Inc, Sonida Senior Living Inc, Home Instead |
Other key industry trends
- In terms of revenue, India accounted for 1.3% of the global home healthcare market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China home healthcare market is projected to lead the regional market in terms of revenue in 2030.
- Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,562.9 million by 2030.
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Home Healthcare Market Scope
Home Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India home healthcare market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to home healthcare market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 84.28% in 2023. Horizon Databook has segmented the India home healthcare market based on equipment, services covering the revenue growth of each sub-segment from 2018 to 2030.
India is one of the top three countries in terms of diabetes prevalence. The country's diabetic population grew from 11.9 million in 1980 to around 69.1 million in 2015. Between 1980 and 2015, the prevalence of diabetes in men more than doubled in the country, rising from 3.7% to 9.1%. Furthermore, the Institute for Health Metrics & Evaluation (IHME) and the Global Burden of Disease Study reported that the incidence of diabetes in India in 2017 was 263.59 (per 100,000 population).
Indians are more likely to develop diabetes than people in other parts of the world, such as the Americas & Europe, because the Indian diet is high in carbohydrates and saturated fats, which adds more sugar & calories to the body than it needs. Sedentary lifestyle and obesity are also factors contributing to the high prevalence of diabetes.
Moreover, factors such as new product launches and presence of global players are expected to drive growth. In October 2022, for instance, Max Ventilator announced that it will expand its niche in India by releasing intelligent devices such as ECG, pulse oximeters, and monitors.
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Our clientele includes a mix of home healthcare market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India home healthcare market , including forecasts for subscribers. This country databook contains high-level insights into India home healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India home healthcare market size, by component, 2018-2030 (US$M)
India Home Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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