Romania's home healthcare market was valued at $1.05 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 7.93% from 2022-30 and will reach $1.94 Bn in 2030. One of the main reasons propelling the growth of this market is the introduction of newer technologies and the ageing population. The market is segmented by component and product. Some key players in this market are Regina Maria, Medicover, Euroclinic, Sanador, Bio Life, Medlife, and others.
Romania's home healthcare market was valued at $1.05 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 7.93% from 2022-30 and will reach $1.94 Bn in 2030. Home healthcare in Romania refers to medical and support services provided to individuals in their homes, rather than in a hospital or other institutional setting. These services can include medical treatments, rehabilitation, nursing, and support for daily activities. The home healthcare industry in Romania is growing due to factors such as an ageing population, increasing awareness about the benefits of home healthcare, and government support. The availability and quality of home healthcare services in Romania can vary depending on the region and the provider. Some of the challenges faced by the industry include a shortage of trained healthcare personnel, limited reimbursement for services, and complex regulatory requirements.
Many elderly Romanians struggle to make ends meet since they reside in impoverished, remote rural locations with meagre salaries. This is due to the fact that many elderly people today were once employed in collective farms during the communist era, and as a result, their current pension is relatively meagre.
Market Growth Drivers
The need for home healthcare services is expanding as chronic diseases like diabetes and heart disease are becoming more common. These services are better equipped to manage and monitor these ailments over time. Healthcare equipment is now more portable, user-friendly, and practical for patients who are at home or on the go thanks to technological improvements. The adoption of emerging technologies in this sector has significantly increased the present patient-provider communication flow, enabling better, quicker, and more efficient care. Technology advancements and rising demand are projected to fuel market expansion in Romania.
Romania currently suffers from a severe lack of institutionalized services, according to research published by ENEPRI, the European Network of Economic Policy Research Institutes. Because of the comfort the family offers and the lower expenses compared to institutionalized care, home care is the most popular type of care for older persons who are dependent. But this presents a lot of issues. The majority of family caretakers are female; they are the dependent's wives or daughters. Elderly themselves, many carers run the risk of becoming reliant. According to the survey, family care is more prevalent in rural areas where traditions and moral standards are upheld to a greater extent. The lack of skilled nursing personnel with a compassionate attitude is anticipated to slow the rate of expansion of the Romania home healthcare market. Also, many areas in Romania lack the infrastructure necessary to provide home healthcare services, such as adequate transportation and communication systems at the same time.
In Romania, the national health insurance system provides coverage for a range of healthcare services, including home healthcare. In recent years, there has been a shift towards public-private partnerships for the provision of home healthcare services
Telemedicine services have been introduced to improve access to healthcare services, particularly for remote and rural communities. The government has also increased state funding for home healthcare services to improve access and quality of care.
The regulation of home healthcare services has been introduced to ensure the safety and quality of care provided to patients. This includes the certification of healthcare professionals and the accreditation of home healthcare providers.
Incentives have been introduced for health professionals, such as physicians and nurses, to provide home healthcare services. This includes financial incentives and the recognition of home healthcare as a speciality.
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)
220.127.116.11 Product Applications and Services
18.104.22.168 Recent Developments
22.214.171.124 Partnerships Ecosystem
126.96.36.199 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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