Home Healthcare Software Market
Home healthcare services market is expected to grow at a robust rate between 2016 and 2024, with emergence of new entrants in market and improving macroeconomic conditions worldwide.Until recently, medical documentation involved cumbersome paper work. Technological advancements and introduction of advanced software has eased the way industry use to operate, making work process easier and more efficient. Healthcare industry has greatly benefitted from integration of IT systems. With technological advancements, home healthcare software such as telehealth solutions and clinical management systems are available in the market.
Home healthcare enables healthcare services to be delivered at patient’s home – thereby alleviating healthcare costs.
Population aged above 65 years forms the bulk of home healthcare software market
Home healthcare market is driven by various sociological, demographics, and macroeconomic factors, most notably the integration of information technology solutions in healthcare industry to meet challenges in patient data retrieval, payment and claim processing as well as storage and accessibility. This is further propelled by government initiatives to improve healthcare infrastructure.
High prevalence of chronic disorders among geriatric population in turn fuels demand for nursing homes and assisted living care facilities for specialized attention. However, introduction of home healthcare software solutions is expected to bridge the gap between geriatric patient expectation and healthcare providers. The system offers solutions at patient’s home, thereby minimizing overall operational cost and high ROI for providers as well.
Though the market is expected to grow at a rapid rate, weak financial support from government along with low adaptability in emerging economies are major challenges inhibiting growth of overall industry.
Request a sample copy of this report@
https://www.coherentmarketinsights.com/insight/request-sample/33
Home Healthcare Software Market Taxonomy:
Coherent Market Insights (CMI) has segmented the home healthcare software market by:
Product Type
Therapeutic Application
Devices
Platform
End User
By product type, the home healthcare software market has been segmented into agency homecare software, hospice solutions, telehealth solutions, clinical management systems, and others.
On the basis of therapeutic application, CMI has segmented the home healthcare software market into clinical and non-clinical solutions. Clinical segment is expected to grow at impressive rate over the forecast period.
On the basis of devices, mobile devices are expected to gain traction over laptop and tablet in the home healthcare software market.
Homecare agencies and hospice agencies are key end-use segments in the home healthcare software market.
Alignment between payers and providers along with access to electronic health records has boosted overall North America home healthcare software market growth
Among regions, North America is expected to dominate the global home healthcare software market throughout the forecast period. However, the market in the region is expected to lose considerable market share to developing regions, namely Latin America and Asia. Growth of the market in the region is primarily driven by increasing demand in the U.S., accounting for over 85% of overall market. Technological advancements along with high healthcare spending across all verticals is expected to propel market growth. Moreover, health awareness level among the population in developed regions is high compared to other regions. However, the market in Canada is expected to witness sluggish growth over the forecast period.
Europe is the second-largest market and is expected to create substantial opportunities for players. Over 65% of the revenue generated in the regional market is expected to be from Germany, UK and France. Markets in Russia and Poland are expected to grow at substantial rate.
Asia-Pacific is a lucrative market for home healthcare software due to the easy availability of skilled manpower, cheap labor and highly developed information technology sectors in the countries particularly China and India. Moreover, India is one of the leading markets for IT software. Relaxation in FDI cap is expected to boost overall presence of MNCs in the region. Though the Asia Pacific market is vibrant, there are a lot more challenges present in the market that inhibit proper capitalization of the market opportunities. The market is highly volatile with wide variations in demographics and economic conditions. The market in China, once the power engine of Asia Pacific, is witnessing low growth, due to noticeable decline in healthcare expenditure in the region. On a positive note, India is witnessing rapid transformation across various healthcare verticals. Companies need to fully understand the demographic and macroeconomic situation to generate high ROI from the region. Markets in Latin America and MEA are expected to witness sluggish growth over the forecast period.
Some of the major companies contributing to the global home healthcare software market are Agfa Healthcare, Mckesson Corporation, NextGen Healthcare Information System LLC, GE Healthcare, MEDITECH, Medical Information Technology, Inc. (Meditech), Cerner Corporation, Siemens Healthcare and Allscripts Healthcare Solutions, Inc.
Get More Details about this Report@
https://www.coherentmarketinsights.com/ongoing-insight/home-healthcare-software-market-33
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Visit Coherent Market Insights Blog @ https://blog.coherentmarketinsights.com
Connect with us on LinkedIn @ https://www.linkedin.com/company/coherent-market-insights
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 here
News-ID: 609332 • Views: …
More Releases from Healthcare IT Industry By CMI
Telemedicine Market - Global Industry Insights, and Opportunity Analysis, 2017†…
Telemedicine involves the use of information technology and telecommunication for the delivery of healthcare services such as health assessments or consultations over the telecommunications infrastructure. It helps the healthcare professional to diagnose, evaluate and treat patients without the need for an in-person visit and are also very useful to save lives at time of critical care and emergency situations. Telemedicine is of great help for distant rural areas as they…
Computerized Physician Order Entry (CPOE) Systems Market
A computerized physician order entry (CPOE) system, also called Computerized Provider Order Entry, is a healthcare information system that electronically captures and stores physician's instructions and helps improve efficiency of patient-care management. The CPOE system ensures proper collection and transfer of patient’s health data between laboratories, clinics, pharmacy, laboratory, radiology. and other healthcare agencies. Physicians and pharmacists can view patient status, enter orders, document their details, and share information in…
Biodetection Market
Biodetection is witnessing increased acceptance owing to growing bio-terrorism, which in turn results in rising number of illnesses and related deaths. Bioterrorism attacks are carried out using biological agents or biological weapons such as potential pathogens and viruses. Biodetection systems indicate the existence or entry of these pathogens. Bioterrorism attacks are a major concern for governments, as these attacks negatively impact a large population at the same time. For instance,…
The global clinical trial management systems market was valued at US$ 578.6 mill …
Clinical Trial Management Systems – Increasing Number of Clinical Trials Leading To the Growth of Clinical Trial Management Systems Market
The Clinical Trial Management System (clinical trial management systems) is an integrated software designed to manage the clinical trial data system used by biotech and pharma companies, it provides customizable functions with advanced technology and tools, which help reduce time and cost during clinical trial by helping to manage large and…
More Releases for Coherent
Micro-LED Market Proving Great Growth | Coherent Market Insights
Micro-LED Market 2021
Micro-LED is a reduced form of LED with a matrix, which provides efficient power, color, brightness and response time. Also known as microLED or mLED. Micro-LED is used for smartphones, tablets, laptops, televisions, smart watches, headsets, and other instantaneous (NTE) devices.
Market Drivers:-
Rising demand for low power and small devices such as Smartphones and smart watches stimulates the growth of the micro-LED market. The growing number of smartphone users…
Petroleum Coke (Petcoke) Market: Business Opportunities - Coherent Market Insigh …
Petroleum coke, also abbreviated as petcoke or coke, is a by-product of crude oil production and is among one category of the group of fossil fuels called combustible substances are known as combustibles. Like other fossil fuels, petroleum coke is subject to a range of environmental concerns including climate change, air pollution, acid rain, and global warming. Many oil & gas corporations are focused on the expansion of their refinery…
Immobilized Trypsin Market Report 2021 - Coherent Market Insights
Immobilized Trypsin Market is created in this intelligence report. This comprehensive research report is a well-thought-out compilation of detailed market development and growth factors optimizing the path of continued growth in terms of exact product data, strategies, and market share of the leading companies in this particular market. We follow an iterative model of research methodology to formulate the report that helps decision-makers make an informed investment appraisal. Literature research…
Ilmenite Market Segments, Share, Trends 2027 | Coherent Market Insights
A detailed report on Global Ilmenite providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027. The research study offers complete analysis of critical aspects of the global Ilmenite , including competition, segmentation, geographical progress, manufacturing cost analysis, and price structure. We have provided CAGR, value, volume, sales, production, revenue, and…
Bioinformatics Market Outlook Till, 2027 : Coherent Market Insights
The Bioinformatics Market report gives a weighty source to assess the market and other fundamental technicalities identifying with it. The examination unveils the total assessment and veritable parts of the Bioinformatics Market. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.The trends and expected prospects for the market…
AI App Development || Coherent Lab LLP
The IT industry is growing day by day and immense popularity. Nowadays, businesses are in search of better opportunities to make money in more innovative way. Considering the AI (artificial intelligence) in mobile and web app development, we at Coherent Lab LLP focuses on developing practical solutions which streamlines to generate more and more profits and smoothen the operations as well.
Situated in the heart of pinkcity, Jaipur, Coherent Lab…