Nigeria's home healthcare market was valued at $326 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of XX% from 2022 to 2030 and will reach $XX Bn in 2030. One of the main reasons propelling the growth of this market is the increasing prevalence of chronic disease and the aging population. The market is segmented by services and products. Some key players in this market are Crestcare Service, Bevis Home Health Care, Blue Torch Home care, and Greymate Care.
Nigeria's home healthcare market was valued at $326 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of XX% from 2022 to 2030 and will reach $XX Bn in 2030. Nigeria is one of the most densely populated countries in Africa, with around 218.5 million people, a 2.41% rise from 2021, and it is also the largest country in Africa and the sixth largest in the world. Home health care is one of the critical care service providers. Home health care is a sort of health care service that is delivered in the patient's own home. In certain circumstances, it comprises a wide range of health care services such as nursing care, physical therapy, occupational therapy, companionship, and housekeeping.
The Nigerian home healthcare market has been growing in recent years, driven by an aging population, increasing prevalence of chronic diseases, a growing awareness of the benefits of receiving healthcare services in the comfort of one's own home, and aging pollution However, the rise in older Nigerians are taking place against a backdrop of great poverty, unresolved development issues, socioeconomic inequality, the HIV/AIDS epidemic, and a decline in traditional care and support for older persons.
Market Growth Drivers
The prevalence of chronic diseases such as diabetes, cardiovascular diseases, and cancer is also driving the growth of the home healthcare market in Nigeria. These diseases require long-term management and monitoring, making home healthcare an attractive option for patients. A study conducted in Nigeria by Abdul Raheem, Oladipo, and Amodu9 reported the presence of chronic illness in 64.9% of the Nigerian population. Nigeria, Africa's largest economy and most populous country, has the highest number of older people on the continent and the 19th highest globally, with the population of Nigerians aged 65 and older expected to nearly treble by 2050. Technological advancements have made healthcare devices portable, user-friendly, and more convenient for patients at home or traveling. The introduction of newer technologies in this market has greatly boosted the current communication flow between patients and healthcare providers, enabling better, faster, and more effective care. Developments in technology coupled with increasing demand are likely to drive market growth in Nigeria.
Market Restraints
The lack of skilled nursing personnel with a compassionate attitude is anticipated to slow the rate of expansion of the Nigerian home healthcare market. According to the British Medical Journal Global Health, which examined 47 African countries, Africa's health professional shortfall would reach 6.1 million by 2030. This is a 45 percent increase above the previous forecasts in 2013. According to the study, the region has a ratio of 1.55 health workers (physicians, nurses, and midwives) per 1000 people, which is lower than the WHO threshold density of 4.45 health workers per 1000 people required to provide essential health services and attain universal health coverage. Many areas in Nigeria lack the infrastructure necessary to provide home healthcare services, such as adequate transportation and communication systems at the same time Many home healthcare providers do not have access to the latest technologies and innovations in home healthcare, which can limit the range of services they can provide.
Key Players
On August 6, 2019, Nigeria's Federal Ministry of Health (FMoH), in conjunction with the World Health Organization (WHO) and key stakeholders, unveiled the country's first National Multisectoral Action Plan (NNMSAP) for the Prevention and Control of Noncommunicable Diseases (NCD).
Home healthcare in Nigeria is regulated by several government agencies, including the Federal Ministry of Health and the National Agency for Food and Drug Administration and Control (NAFDAC). The policies and regulations that govern the home healthcare industry in Nigeria are designed to ensure the quality and safety of healthcare services provided in the home setting.
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
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.
By Service Type (Revenue, USD Billion):
By Indication Type (Revenue, USD Billion):
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