1. Introduction
The World Health Organization (WHO) defines life expectancy as “the average number of years a person is expected to live on the basis of current mortality rate and prevalence distribution of health states in a population”. In India, the average life expectancy which used to be around 48 in 1980 rose to 62 in 2000 and is almost 70 years in 2015. The reasons for the improvement in life expectancy are due to better availability of food, health and medical facilities. However, with increase in life expectancy experts warn increase in disease burden. Life expectancy beyond 70 years would depend on many environmental factors such as clean drinking water, pollution free environment and better control of chronic diseases. So the pertinent …show more content…
Englehardt and Nadia Greenhalgh–Stanley (2007) provided empirical evidence on the extent to which long-term care insurance affects the housing and living arrangements of the elderly. They empirically identified the impact on the housing and living arrangements of the elderly, using CPS data from 1995-2000 (before and after the law change) and found that the living arrangements are quite responsive to home healthcare benefits. The estimated elasticity of shared living to benefits is -0.7 for elderly and -1 for widowed elderly. However, these benefits have little impact on household headship among the elderly. This suggested that the bulk of the shared-living response occurred through co-residents living in elderly …show more content…
Objective of the Study
The objective of the study is to examine the growth of the home healthcare in India, analysing the competition as well as evaluating the market opportunities, key success factors and the challenges of home healthcare sector in India.
4. Data Sources
The study is based on data taken from secondary sources and research analysis has been done to evaluate the prospects and challenges of home healthcare in India. The data has been taken from various reports of United Nations Population Fund and World Bank. The 2015 world population data has been taken from Population Reference Bureau and Census of India of various years has been consulted. Many working paper series of World Bank have also been examined.
5. Research and Findings
5.1 Home Healthcare and Market Landscape
In India, public awareness on home healthcare is relatively low but it is slowly picking, say care providers, who are selling the idea of convenience and quality care at the comfort of one’s own home, which also saves time and the cost of hospital stay. Major hospital chains like Max Healthcare, Hinduja Hospital and Columbia Asia are also offering their own home care services but on a very small scale and the services they are providing is mostly of nursing and post operative care. The few Indian players that have carved in niche in the home healthcare delivery system have been discussed in table
The World Health Organization (WHO) defines life expectancy as “the average number of years a person is expected to live on the basis of current mortality rate and prevalence distribution of health states in a population”. In India, the average life expectancy which used to be around 48 in 1980 rose to 62 in 2000 and is almost 70 years in 2015. The reasons for the improvement in life expectancy are due to better availability of food, health and medical facilities. However, with increase in life expectancy experts warn increase in disease burden. Life expectancy beyond 70 years would depend on many environmental factors such as clean drinking water, pollution free environment and better control of chronic diseases. So the pertinent …show more content…
Englehardt and Nadia Greenhalgh–Stanley (2007) provided empirical evidence on the extent to which long-term care insurance affects the housing and living arrangements of the elderly. They empirically identified the impact on the housing and living arrangements of the elderly, using CPS data from 1995-2000 (before and after the law change) and found that the living arrangements are quite responsive to home healthcare benefits. The estimated elasticity of shared living to benefits is -0.7 for elderly and -1 for widowed elderly. However, these benefits have little impact on household headship among the elderly. This suggested that the bulk of the shared-living response occurred through co-residents living in elderly …show more content…
Objective of the Study
The objective of the study is to examine the growth of the home healthcare in India, analysing the competition as well as evaluating the market opportunities, key success factors and the challenges of home healthcare sector in India.
4. Data Sources
The study is based on data taken from secondary sources and research analysis has been done to evaluate the prospects and challenges of home healthcare in India. The data has been taken from various reports of United Nations Population Fund and World Bank. The 2015 world population data has been taken from Population Reference Bureau and Census of India of various years has been consulted. Many working paper series of World Bank have also been examined.
5. Research and Findings
5.1 Home Healthcare and Market Landscape
In India, public awareness on home healthcare is relatively low but it is slowly picking, say care providers, who are selling the idea of convenience and quality care at the comfort of one’s own home, which also saves time and the cost of hospital stay. Major hospital chains like Max Healthcare, Hinduja Hospital and Columbia Asia are also offering their own home care services but on a very small scale and the services they are providing is mostly of nursing and post operative care. The few Indian players that have carved in niche in the home healthcare delivery system have been discussed in table