Need For Cost-Effective Healthcare
The high cost of cancer treatment is a significant burden for many patients and their families in India, and chemotherapy is often one of the most expensive components of cancer care.
Chemotherapy at home services can be a cost-effective alternative to hospital-based treatment, as they eliminate the need for hospitalization and reduce the overall cost of treatment. Hospitalization can be a major cost driver in cancer care, as it involves expenses such as room charges, nursing care, and other ancillary services. By providing chemotherapy at home, healthcare providers can significantly reduce the cost of treatment and make it more accessible to patients who may not be able to afford hospital-based care. Also, home-based chemotherapy can reduce the indirect costs associated with hospitalization, such as lost wages, travel expenses, and childcare costs. Cost-effective healthcare is a priority for the government of India and several initiatives are being launched to improve access to affordable healthcare services in the country. Chemotherapy at home services provide patients with greater flexibility and convenience. Patients can receive treatment in the comfort of their own homes, without the need to travel to a hospital or clinic. This is particularly beneficial for patients who are elderly or have mobility issues, as well as those who live in rural areas and have limited access to healthcare facilities. The National Health Policy 2017, for example, aims to provide universal access to affordable healthcare services, including home-based care. By providing affordable and accessible cancer care, chemotherapy at home services can help improve outcomes for cancer patients and reduce the financial burden of cancer treatment. The need for cost-effective healthcare is a major driver of the chemotherapy at home service market in India.
New Technologies
The chemotherapy at home service market in India is experiencing technological advancements that are helping to improve the quality and effectiveness of chemotherapy treatment. Some of the new technologies that are being launched in the market include mobile applications. Healthcare providers are using mobile applications to manage chemotherapy treatment plans for patients as these apps help providers to track patients' treatment progress, monitor symptoms, and communicate with patients and their caregivers.
Telemedicine is being used to provide remote consultations and support to patients receiving chemotherapy at home. This technology enables healthcare providers to monitor patients' health status, review test results, and adjust treatment plans as needed.
Wearable devices are being used to monitor patients' vital signs, track their physical activity levels, and monitor medication adherence. These devices can help healthcare providers to identify potential problems early on and make timely interventions to prevent complications.
Artificial intelligence (AI) is being used to analyze patient data and identify patterns that can help predict treatment outcomes. AI can also be used to identify patients who are at risk of developing complications and provide early interventions to prevent these complications from occurring. Remote monitoring systems are being used to provide real-time monitoring of patients' health status, including vital signs, and medication adherence. These systems enable healthcare providers to identify potential problems early on and make timely interventions to prevent complications. This factor will accelerate the growth of India chemotherapy at home service market.
Collaborations and Partnerships
Access to expertise and resources, collaborations and partnerships between service providers, pharmaceutical companies, and other healthcare organizations can provide access to specialized expertise, resources, and technology. This can help improve the quality of chemotherapy at home services and enhance the overall patient experience. Collaborations and partnerships can help service providers expand their services to new regions or areas of expertise. For example, partnerships with pharmaceutical companies can provide access to a wider range of chemotherapy drugs, while collaborations with other healthcare organizations can help service providers offer complementary services, such as home nursing care. Collaborations and partnerships can also help enhance research and development efforts in the field of chemotherapy at home services. This can lead to the development of new technologies and treatments, which can improve patient outcomes and help service providers stay competitive in the market. Collaborations and partnerships can help service providers increase their brand recognition and reputation within the healthcare industry. This can lead to increased patient trust and loyalty, which can help drive growth in the chemotherapy at home service market.
Recent Developments
In 2021HealthCare atHOME (HCAH) India announced a partnership with Max Super Specialty Hospital in Delhi to provide chemotherapy at home services to cancer patients.
In 2020Onco.com announced a partnership with Medlife, a leading e-pharmacy platform in India, to provide chemotherapy at home services to cancer patients.
In 2020HealthCare atHOME (HCAH) India announced a partnership with Indian Council of Medical Research (ICMR) to conduct clinical trials for a home-based COVID-19 treatment solution that includes chemotherapy at home services.
Market Segmentation
India chemotherapy at home service market can be segmented into by product, treatment stage, cancer type, distribution channel, and region. By product, India chemotherapy at home service market can be segmented into chemotherapy drugs and chemotherapy infusion pump. By treatment stage, India chemotherapy at home service market can be segmented into early-stage cancer, advanced-stage cancer, metastatic cancer, and recurrent cancer. By cancer type, India chemotherapy at home service market can be segmented into breast cancer, blood cancer, ovarian cancer, colorectal cancer, and others. By distribution channel, India chemotherapy at home service market can be segmented into home health agencies, pharmacy-based services, direct-to-patient services, and others. By Region, India chemotherapy at home service market can be segmented into North India, South India, East India, and West India.
Market Players
Health Care at Home India Pvt Ltd., PurpleRibbon Healthcare Services Pvt Ltd., HCG Oncology Healthcare Pvt Ltd, Zoctr Health Pvt Ltd., and Health Vista Pvt Ltd. (Portea Medical) are some of the market players in India chemotherapy at home service market.
Attribute | Details |
Base Year | 2023 |
Historic Data | 2019 – 2022 |
Estimated Year | 2024 |
Forecast Period | 2025 – 2029 |
Quantitative Units | Revenue in USD Million and CAGR for 2019-2022 and 2025-2029 |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | Product Treatment Stage Cancer Type Distribution Channel |
Regional Scope | North India, South India, East India, West India |
Key Companies Profiled | Health Care at Home India Pvt Ltd., PurpleRibbon Healthcare Services Pvt Ltd., HCG Oncology Healthcare Pvt Ltd, Zoctr Health Pvt Ltd., Health Vista Pvt Ltd. (Portea Medical). |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |