Home Healthcare Software Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3240
Home Healthcare Software Market size is expected to grow significantly from 2019 to 2025.
Rising adoption of home healthcare software across the globe will drive the industry growth over forecast timeframe. Home healthcare software are easy to use, cost effective and provides accurate medical information regarding billing records, scheduling, medical history and maintenance of patient electronic medical records that increases the operational efficacy and allows home care agencies to deliver quality patient care. As a result, demand for home healthcare software is growing and scenario is likely to remain so over foreseeable future.
Favorable government regulation coupled with increasing healthcare expenditure will foster home healthcare software market growth. Healthcare expenditure in developing economies is rising from past few decades. This scenario has put advanced and innovative healthcare solutions within the reach of healthcare provides. Moreover, increasing disposable income has increased affordability of consumers in Asia Pacific and Latin America. Aforementioned economical factors are predicted to render significant positive impact on industry growth.
Telehealth solution segment will witness robust growth over the forecast period. Advancements in telecommunication will render significant positive impact on segment growth. Moreover, rising smartphone penetration and favorable demographic trends such as aging population needing telehealth services will provide lucrative growth opportunities.
Non-clinical segment will witness robust growth over the forecast timeframe. Non-clinical homecare software includes scheduling and billing software, accounting software, homecare-CRM, and payroll software. These software enable efficient management of non-clinical activities. As a result, demand for these solution is predicted to increase over forecast period.
Homecare agencies segment is forecasted to show robust growth rate during the forecast period. Demand for home healthcare services is growing rapidly from past few years. These institutions provide healthcare services to patients in greater comfort and homelike environment. As home healthcare software enables efficient management of clinical as well as non-clinical services, its demand is increasing with growing home healthcare industry.
North America home healthcare software market accounted for significant revenue share owing to technological advancements and high regional adoption rate. Increasing demand in the U.S. for home healthcare software will foster business growth in the region. Furthermore, increasing geriatric population and government initiatives such as Affordable Care Act (ACA) will drive regional industry growth over forecast period.
Some of the major industry players operating in home healthcare software industry include, Agfa Healthcare, NextGen Healthcare Information System LLC, Cerner Corporation, GE Healthcare, MEDITECH, Mckesson Corporation, Medical Information Technology, Inc. (Meditech), Siemens Healthcare, Allscripts Healthcare Solutions, Inc. Industry players are adopting inorganic as well as organic growth opportunities to strengthen the industry position and garner higher market shares.
Home Healthcare Software Market, by Product Type, 2014-2025 (USD Million)
- Agency homecare software
- Hospice solutions
- Telehealth solutions
- Clinical management systems
Home Healthcare Software Market, by Therapeutic Application, 2014-2025 (USD Million)
Home Healthcare Software Market, by Delivery Mode, 2014-2025 (USD Million)
- Homecare agencies
- Hospice agencies
Home Healthcare Software Market, by End user, 2014-2025 (USD Million)
- Homecare agencies
- Hospice agencies
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Agfa Healthcare
- NextGen Healthcare Information System LLC
- Cerner Corporation
- GE Healthcare
- Mckesson Corporation
- Medical Information Technology, Inc. (Meditech)
- Siemens Healthcare
- Allscripts Healthcare Solutions, Inc
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