Africa Home Healthcare Market Analysis

Africa Home Healthcare Market Analysis


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The Africa home healthcare market was valued at $5.44 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 9.43% from 2022 to 2030 and will reach $11.19 Bn in 2030. One of the main reasons propelling the growth of this market is the introduction of newer technologies, the aging population. The market is segmented by component and product. Some key players in this market are On-Call Home Care, Crystal Homecare Kenya, Pro-Care Health Kenya, Go Care, Crystal Homecare, Crestcare Service, Bevis Home Health Care, Blue Torch Home care, and Greymate Care among others.

ID: IN10AFHS010 CATEGORY: Healthcare Services GEOGRAPHY: Africa AUTHOR: Nandini Shah

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Africa Home Healthcare Market Executive Summary

The Africa home healthcare market was valued at $5.44 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 9.43% from 2022 to 2030 and will reach $11.19 Bn in 2030. One of the main factors propelling the growth of the home healthcare market in Africa is the government's increased promotion of the introduction of products needed for the building of home care settings. Initiatives called hospital-at-home allow hospitals to treat patients at a hospital level in their homes. A number of strategies employed by players in the home care setting industry, such as product releases, alliances, and innovations, are also speeding up market expansion.

Telehealth is being used by health systems as a method to expand care to patients in their homes, improving outcomes and reducing treatment costs. This is promoting the development of more transportable and reasonably priced home healthcare equipment. In addition, expanding service provider collaborations is accelerating the market's growth.

africa home healthcare market analysis

Market Dynamics

Market Growth Drivers

In Africa as of 2020, there will be 74.4 million people 60 and older (54.3 million in Sub-Saharan Africa ), with populations of at least one million in 18 nations (U.S. Census Bureau, 2019) and is anticipated to treble in size from 74.4 million to 235.1 million, outpacing all other regions in the world in terms of population growth among older adults. As the population in Africa continues to grow and age, there is a growing demand for home healthcare services, as individuals prefer to receive care in their own homes rather than in hospitals or nursing homes. Many African governments are implementing initiatives to improve access to healthcare services, including home healthcare services, in rural and underserved areas. The rising prevalence of chronic diseases such as diabetes and heart disease is increasing the demand for home healthcare services as they are better suited to manage and monitor these conditions on an ongoing basis. These initiatives aim to reduce the financial burden on patients and families and increase access to quality care. In Africa, Non- Communicable Diseases (NCDs) are predicted to increase by 27% over the next 10 years, leading to an additional 28 million deaths, according to the WHO. Comparatively, the global increase during that time was 17%. The increasing private sector investment in the healthcare sector, including the home healthcare market, is expected to drive growth and expansion in the sector, as private sector organizations aim to take advantage of the growing demand for home healthcare services in Africa.

Market Restraints

Despite the increasing demand for home healthcare services in Africa, many individuals still do not have access to these services, particularly in rural and underserved areas. This is due to a lack of infrastructure, resources, and trained healthcare providers. Only 52% of Africans, or 615 million people, have access to the healthcare they require, the quality of the continent's health services is often subpar, and only 50% of the continent's women and girls have access to family planning services they require. In many African countries, the healthcare infrastructure is inadequate, with limited resources, equipment, and trained healthcare providers. This makes it difficult for home healthcare providers to deliver high-quality services, particularly in rural and underserved areas. Africa has significant infrastructure deficiencies. Over two-thirds of the world's population lacks access to electricity, for instance, with roughly 600 million people in sub-Saharan Africa. There is a lack of regulations and standards for the provision of home healthcare services, making it difficult to ensure the safety and quality of these services.

Competitive Landscape

Key Players

  • On-Call Home Care
  • Crystal Homecare Kenya (KEN)
  • Pro-Care Health Kenya (KEN)
  • GoCare
  • Crystal Homecare (KEN)
  • Crestcare Service (NGA)
  • Bevis Home Health Care (NGA)
  • Blue Torch Home care
  • Greymate Care

Notable Deals

  1. In 2020, CarePay, a leading mobile healthcare platform in Africa, acquired HealthQlik, a provider of home healthcare services in Nigeria. The acquisition aimed to expand CarePay's home healthcare services and improve access to care for patients in the region
  2. In 2019, St. Francis Hospitals, a leading provider of home healthcare services in South Africa, entered into a partnership with Netcare, one of the largest private healthcare providers in the country. The partnership aimed to improve access to home healthcare services and expand the reach of St. Francis Hospitals' services in the region.

Healthcare Policies and Regulatory Landscape

Ministry of Health (MOH): It is the main regulatory body for the healthcare sector in many African countries. It oversees the licensing and regulation of healthcare providers, including home healthcare providers, and ensures that they meet the necessary standards and requirements for providing home healthcare services.

In many African countries, the Pharmaceutical Regulatory Agencies (PRA) are responsible for regulating the use of medications, including in-home healthcare settings. They ensure that patients receive safe and effective treatments and that healthcare providers comply with the necessary regulations and standards.

The National Accreditation Boards (NAB) are responsible for overseeing the accreditation of healthcare providers, including home healthcare providers. They ensure that home healthcare providers meet the necessary standards and requirements for providing home healthcare services.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Home Healthcare Market Segmentation

By Device Type (Revenue, USD Billion):

Based on the Device Type the market is segmented into Testing, Screening, Monitoring Devices, Therapeutic Home Healthcare Devices, and Mobility Assist.

  • Testing, Screening, and Monitoring Device
  • Blood Glucose Monitors
  • Blood Glucose Monitors
  • Blood Pressure Monitors
  • Heart Rate Monitors
  • Temperature Monitors
  • Sleep Apnea Monitors
  • Coagulation Monitors
  • Ovulation and Pregnancy Test Kits
  • Pulse Oximeters
  • Home Hemoglobin A1C Test Kit
  • Therapeutic Home Healthcare Devices
  • Oxygen Delivery Systems
  • Nebulizers
  • Ventilators
  • Sleep Apnea Therapeutic Devices
  • Wound Care Products
  • IV Equipment
  • Dialysis Equipment
  • Insulin Delivery Devices
  • Inhalers
  • Other Therapeutic Products (ostomy devices, automated external defibrillators (AEDs)
  • Mobility Assist
  • Walkers and Rollators
  • Wheelchairs
  • Canes
  • Crutches
  • ?Mobility Scooters

By Service Type (Revenue, USD Billion):

  • Skilled Nursing Services
  • Rehabilitation Therapy Services
  • Hospice and Palliative Care Services
  • Unskilled Care Services
  • Respiratory Therapy Services
  • Infusion Therapy Services
  • Pregnancy Care Services?

By Indication Type (Revenue, USD Billion):

  • Cardiovascular Disorders & Hypertension
  • Diabetes
  • Respiratory Diseases
  • Pregnancy
  • Mobility Disorders
  • Hearing Disorders
  • Cancer
  • Wound Care
  • Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

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Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 23 April 2024
Updated by: Dhruv Joshi

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