IHome Healthcare Market in India is changing and the market for home healthcare in India is expected to grow at a CAGR of 18% to reach US $6.2 Billion by 2020.
India is home to the second-largest geriatric population in the world. India is home to some 87.6 million people above the age of 60. Home healthcare has emerged as the imminent solution to India's elderly care woes India has 1.7 million new cases of cancer every year and 800,000 deaths due to cancer. Since cancer treatments can be long drawn out, there is a need for a more holistic approach.
India's demographic and epidemiology profile will witness a change by 2050 which will demand healthcare sector needs to evolve. India's population is projected to be 1.7 billion in 2050 with maximum number of people in the working age group of 15 to 64 years and average life expectancy at 80+ years. The old age population is expected to grow to 14% (from 4% at present) with geriatric health care specialized services such as dementia, nutritional services and home care services expected to have a larger role. The shift in demographic patterns and lifestyle trends will necessitate preventive healthcare to reduce cost of healthcare spend. Moreover nearly 51% of India's population is expected to live in cities by 2050 (up from 30% in 2015). Increased urbanization may offer some advantages to the health care practitioners such as a larger set of population will be accessible for availing healthcare services at relative lower costs.
As Health system has started to witness these changes and the future medical technology is imminent with hope. Health care at global and national level is witnessing advancement of emerging technologies like brain-computer interfaces, nano robots, gene manipulation, robotic surgery, synthetic organs, and organ cloning, individualized drugs, bionic body parts across the developed world and even more recent developments in Artificial intelligence (AI) and Machine Language (ML). Many of these technology innovations are here to stay and will be adapted in India in near future. A more equitable healthcare care delivery system will be established making it faster, cheaper and better for all income levels to access these services.
Unicorpus health foundation focuses on developing a care delivery model which is more personalized and focused on preventive and predictive healthcare. Unicorpus Emphasizes on "Know and Own Your Health," through awareness programs and health education thus helping patients and their families to take informed decisions in prevention rather than relying only on curative services.
We are strategizing to strengthen Clinical Homecare Services Please get in touch with us to know more details.
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