Home Healthcare Software Market to Reach 8.9% of High CAGR by Forecast 2030
According to the U.S. Bureau of Labor Statistics, the number of home health aides and personal care aides is expected to rise by 70% between 2010 and 2020, reaching 13 million. Some of the market's drivers include an ageing population, an increased incidence rate of target diseases, and an increasing need to reduce healthcare expenditure as an economically viable initiative. Treatment costs are expected to rise steadily over the forecast period due to the rising prevalence of chronic diseases. This individualized care is a low-cost solution for controlling treatment costs and a high-impact rendering driver for the industry.
Data Bridge Market Research analyses that the home healthcare software market which is USD 10.30 billion in 2022, is expected to reach USD 20.37 billion by 2030, at a CAGR of 8.9% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Rise in demand for hospice care
The demand for hospice care has recently increased and is expected to remain high due to an ageing population and an increase in the incidence of life-threatening diseases such as cancer. According to the Eurostat July 2020 update, it is estimated that by 2050, there will be approximately half a million centenarians in the European Union, and the median age of the European Union-27 region is expected to increase by 4.5 years to 48.2 years. As a result, the ageing population is expected to play a significant role in the growth of the studied segment. As a result, the ageing population is expected to play a significant role in the growth of the studied segment. Further, according to the data published by Globocan 2020, there were approximately 19.29 million globally suffering from cancer globally in 2020 and the incidence of cancer is expected to increase to 28.89 million by 2040. This factor is expected to increase demand for hospice care centres, which in turn will increase demand for home healthcare software.
The home healthcare software market is segmented on the basis of equipment, deployment, mode, service, software and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Clinical Management Systems
Hospice Solutions Applications
Private Duty Agencies
Rehabilitation Centres/Therapy Centres
Key Market Players:
Koninklijke Philips N.V. (Netherlands)
Omron Healthcare, Inc. (Japan)
Air Liquide (France)
Braun SE (Germany)
Davita Inc. (U.S.)
CARDINAL HEALTH (U.S.)
Sunrise Medical (U.S.)
General Electric Company (U.S.)
A&D Company, Limited (Japan)
BAYADA Home Health Care (U.S.)
Invacare Corporation (U.S.)
Philips Healthcare (Netherlands)
Fresenious SE & Co KGaA (Germany)
Hoffmann-La Roche Ltd (Switzerland)
Attractions of The Home Healthcare Software Market Report: -
Latest market dynamics, development trends and growth opportunities are presented along with industry barriers, developmental threats and risk factors
The forecast Home Healthcare Software Market data will help in the feasibility analysis, market size estimation and development
The report serves as a complete guide which micro monitors all vital Home Healthcare Software Market
A concise market view will provide ease of understanding.
Nut Oil Market Competitive market view will help the players in making a right move
Key Questions Answered
What impact does COVID-19 have made on Global Home Healthcare Software Market Growth & Sizing?
Who are the Leading key players and what are their Key Business plans in the Global Home Healthcare Software Market?
What are the key concerns of the five forces analysis of the Global Home Healthcare Software Market?
What are different prospects and threats faced by the dealers in the Global Home Healthcare Software Market?
What are the strengths and weaknesses of the key vendors?
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