Home HealthCare Clinic Market Growth

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Home based health center clinic: The heath care segment has been witnessing a constant growth globally.  The global home healthcare market was is anticipated to grow at a CAGR of 8.1% from 2014 to 2020 and is expected to reach $303.6 billion by the end of the current decade, this industry was valued at USD 176.1 billion in 2013. India, again is a very big market for home health care center this is exemplified as we notice various by big hospitals are venturing into the home health care business segments.

The home health care market involves variety of medical service and devices that  assists in diagnosis and treatment of various chronic and acute diseases. The home based healthcare provides a more cost effective therapy to patients as compared to the cost of treatments offered by established branded hospitals

At this market matures, its acceptance is also rising. The Home healthcare clinic business can be a very lucrative business with a huge marklet potential. The growth of this market is leveraged by aging population and various disease caused by age problems that leads to various chronic and acute diseases like back pain, next pain, diabetes, respiratory disorders, etc had been the driving force of the home healthcare market rise.

Factors such as aging population and increasing number of people diagnosed with chronic diseases such as diabetes, cardiac disorders and respiratory diseases drive the growth of the home healthcare market globally.

India’s home healthcare industry, which consists of home-based medical devices and home services, is worth $2 billion and growing at 20 percent annually, according to accounting firm Price waterhouse Coopers (PwC). The home-based devices market is well developed, but the home services segment is largely unorganized and dominated by small local agencies. Entrepreneurs looking for a head start into home care say the segment will soon pick up, fueled by growing demand for elderly care, post-surgery rehab services and palliative care.