Rise of the Home Health Care Industry in India
The Home Healthcare industry in India was once an unorganized and scattered division with the lack of appropriate technology and a proper business model. However, the scenario has changed in the last few years with new entrepreneurs and investors focusing their interest towards the hugely potent sector whose worth was evaluated at a whopping $2.2 billion in 2013 by a reputed consulting firm. Further, the projected rate of growth is said to be 8 percent per annum till 2020 which is again quite promising, to say the least.
With an aging population and an increase in the type of chronic illness, there is an increase in the need of quality health care. With the current hospitals and conventional health care system seeming too inconvenient to access, the home healthcare industry has a massiv...