Press release
Home Healthcare Software Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends
Home Healthcare Software Global Market Report 2024
According to The Business Research Company's, The home healthcare software market size has grown rapidly in recent years. It will grow from $6.96 billion in 2023 to $7.79 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to increasing prevalence of chronic diseases, government initiatives and incentive plans for homecare providers, move towards cloud-based solutions in home healthcare software, integration of telehealth capabilities, rapid digital transformation.
The home healthcare software market size is expected to see rapid growth in the next few years. It will grow to $12.41 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to emphasis on security measures and compliance with healthcare standards, increasing focus on mental health and wellness features in home healthcare software, increasing focus on patient-centric healthcare solutions. Major trends in the forecast period include emergence of new technologies like the Internet of Things (IoT), artificial intelligence (AI), and virtual reality (VR), trend towards mobile solutions in home healthcare, increased adoption of telehealth and remote monitoring, adoption of fast healthcare interoperability resources (FHIR), AI-powered chatbots and virtual assistants to enhance patient engagement.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/home-healthcare-software-global-market-report
Market Drivers and Trends:
The increasing prevalence of chronic illnesses is expected to propel the growth of the home healthcare software market going forward. Chronic illnesses are problems that last a year or longer, necessitating continuing medical care, restricting everyday activities, or both. The prevalence of chronic illnesses is increasing due to the aging population, unhealthy lifestyle habits, urbanization, genetic predisposition, improved disease management and diagnosis, and changes in food systems. Home healthcare software helps manage chronic illness by enabling healthcare providers to remotely monitor patients' health, track their progress, and ensure they adhere to treatment plans. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, the number of individuals aged 50 and older with at least one chronic illness will increase by 99.5%, reaching 142.66 million by 2050, up from 71.522 million in 2020. Therefore, the increasing prevalence of chronic illnesses is driving the growth of the home healthcare software market.
Major companies operating in the home healthcare software market are innovative products integrated with artificial intelligence (AI) into home healthcare software, such as Home Smart Clinic solutions, to gain a competitive edge in the market. The Home Smart Clinic solution is a virtual care device enabling families to conduct remote physical exams with a doctor, replicating in-clinic exams for immediate answers from their homes. For instance, in September 2022, TytoCare, a US-based virtual care company, launched a Home Smart Clinic solution enabling clinicians to remote physical exams for accessible, high-quality virtual care from home. It includes a handheld medical exam device and AI-powered support software that guides patients through various medical exams, such as ear, chest, and throat exams, while securely connected to a remote physician. This solution has been recognized for reducing the total cost of care, diverting emergency department visits, increasing primary care utilization, and significantly improving patient outcomes.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15199&type=smp
Major Key Players of the Market:
Mckesson Corporation, DarioHealth Corp., Koninklijke Philips N.V., GE HealthCare Technologies Inc., B. Braun SE, Cerner Corporation, ResMed Inc., NextGen Healthcare Information System LLC, Medical Information Technology Inc. (Meditech), Homecare Homebase LLC, AlayaCare USA Inc., Omada Health Inc., Loyal Healthcare LLC, Casamba Home & Hospice, Axxess Technology Solutions Inc., Delta Health Technologies Inc., Family First Inc., KanTime Inc., ClearCare Inc. (WellSky), Thornberry Ltd., Centex AxisCare LLC, Alora Healthcare Systems Inc., Carallel LLC, HomeHero Inc.
Home Healthcare Software Market 2024 Key Insights:
• The home healthcare software market size is expected to see rapid growth in the next few years. It will grow to $12.41 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%.
• Increasing Prevalence Of Chronic Illnesses Driving Home Healthcare Software Market Growth
• Technological Advancements In Home Healthcare Software Market
• North America was the largest region in the home healthcare software market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15199&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Home Healthcare Software Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends here
News-ID: 3697815 • Views: …
More Releases from The Business Research Company
Leading Companies Reinforce Their Presence in the Blanket Market
The blanket market is steadily gaining traction as consumers increasingly seek comfort and style in their home essentials. With evolving preferences and technological advancements, this sector is set to experience consistent growth. Let's explore the current market value, key players, emerging trends, and the main segments fueling this expansion.
Forecasted Blanket Market Size and Growth Trajectory
The blanket market has seen consistent growth over recent years. From a market size…
Global Trends Review: The Rapid Evolution of the Sporting and Athletic Goods Mar …
The sporting and athletic goods market is experiencing steady growth, driven by evolving consumer preferences and technological advancements. As health and wellness continue to gain importance globally, this market is set for notable expansion in the coming years. Let's explore the current market size, key factors fueling its growth, leading companies, major trends, and segmentation details.
Forecast for Sporting and Athletic Goods Market Size Through 2029
The sporting and athletic…
Train Seat Market Overview, Key Growth Factors, and Insights on Top Players
The train seat industry is experiencing notable growth, driven by advancements in technology and increasing demand for improved passenger comfort. As rail travel evolves, so does the need for innovative, efficient, and adaptable seating solutions that cater to modern requirements. Let's explore the current market status, key players, trends, and segments shaping the future of train seating.
Train Seat Market Size and Growth Expectations
The train seat market has seen…
Leading Companies Solidifying Their Presence in the Spunbond Nonwovens Market
The spunbond nonwovens industry has been experiencing notable growth and shows promising prospects for the coming years. This expanding market is being driven by several innovations and increasing demand across diverse sectors, signaling a robust future.
Projected Growth and Market Size of the Spunbond Nonwovens Market
The spunbond nonwovens market has demonstrated solid expansion recently, with its size expected to rise from $15.57 billion in 2024 to $16.59 billion in…
More Releases for Health
Health Coach Market Positioned for Accelerated Growth with Iora Health, Virta He …
Global health coach market is estimated to be valued at USD 18.83 Bn in 2025 and is expected to reach USD 30.65 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2025 to 2032.
Latest Report on the Health Coach Market 2025-2032, focuses on a comprehensive analysis of the current and future prospects of the Health Coach Market industry. An in-depth analysis of historical trends, future trends,…
Digital Therapeutics Market Research 2025 Leading Key Players - Proteus Digital …
An exclusive Digital Therapeutics Market research report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Digital Therapeutics Market by Type, By Application, By Region - North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report…
Digital Therapeutics Market Outlook 2025 : Proteus Digital Health, Omada Health, …
ReportsWeb.com has announced the addition of the “Global Digital Therapeutics Market Size, Status and Forecast 2025” The report focuses on major leading players with information such as company profiles, product picture and specification.
This report studies the global Digital Therapeutics market, analyzes and researches the Digital Therapeutics development status and forecast in United States, EU, Japan, China, India and Southeast Asia.
This report focuses on the top players in global market,…
Digital Therapeutics Market Outlook to 2025 - Propeller Health, CANARY HEALTH, N …
The global digital therapeutics market is segmented on the basis of application, distribution channel, and geography. The application segment includes, respiratory diseases, central nervous system disease, smoking cessation, medication adherence, cardiovascular diseases, musculoskeletal diseases, and other applications. Based on distribution channel, the digital therapeutics market is segmented as, B2B and B2C.
Digital therapeutics, a subset of digital health, is a health discipline and treatment option that utilizes a digital and…
Digital Therapeutics Market Analysis 2018 | Growth by Top Companies: Proteus Dig …
Global Digital Therapeutics Market to 2025
This report "Digital Therapeutics Market Analysis to 2025" provides an in-depth insight of medical device industry covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis.
Digital therapeutics, a subset of digital health, is a health discipline and treatment option that utilizes a digital and often online health technologies to treat a medical or psychological condition. The treatment relies on behavioral and…
Digital Therapeutics Market Global Outlook to 2025 - Proteus Digital Health, Wel …
“Digital Therapeutics Market" covers a detailed research on the industry with financial analysis of the major players. The report provides key information and detailed study relating to the industry along with the Economic Impact and Regulatory and Market Support. The report examines the industry synopsis, strategic investments, Industry Surveys, Economic Impact, etc.
The market of digital therapeutics market is anticipated to grow with a significant rate in the coming years, owing…
