Home Healthcare Software Market Is Estimated to Register CAGR of 13.45 %
Global Home Healthcare Software Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- Increasing incurring healthcare costs, growing geriatric population, shortage on the availability of nursing staff, rising advent of chronic diseases and ease of convenience are the major factors for driving the growth of Global Home Healthcare Software Market.
Global Home Healthcare Software Market is valued at USD 6.52 in 2018 and expected to reach 13.56 by 2025 with the CAGR of 13.45 % over the forecast period.
Scope of Global Home Healthcare Software Market Report-
Home care software is a term referring to the category of health care information technology (HIT), which provides a wide range of home health care services to treat various illnesses and injuries. The main functions of home care software services include cost effectiveness, high quality home care services and various other functions.
Family health care is a broad field, comprising various software, products and services provided in the patient's home. The trend observed worldwide is the transfer of treatments from hospitals to homes to reduce costs and achieve profitability. The convenience and cost-effectiveness of home health care and services compared to hospital treatment is the driving force in this market. In the home care market, third-party service providers face a huge demand for better quality treatment and trained professionals. Asian countries like Japan, India and China have a growing demand for an aging population and a high demand for family health care. North America is also showing continued growth in the home health care market, with the United States offering reimbursements through specific equipment and health policies.
Technologies that are changing the face of the home medical software market are the integration of cloud computing, mobile medical applications, telemedicine, business analysis tools and home care software. The adoption of these technologies has improved the quality of home care and reduces the cost of implementing IT solutions for home care.
Key Players Home Healthcare Software Market Report-
Home Healthcare Software Market report covers major key players in the market likeAllscripts Healthcare Solutions, Inc., Cerner Corporation, Athenahealth, Inc., Carestream Health, Inc., GE Healthcare, Agfa Healthcare, McKesson Corporation, NextGen Healthcare Information System LLC, MEDITECH, Novarad Corporation, and Siemens Healthcare and others.
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News-
Cerner makes a partnership with ResMed for improvising Homecare Coordination
October 9th, 2019; Cerner Corporation which is a giant of HER vendor, pacts a collaboration with ResMed to improve home healthcare systems and establish better coordination between homecare and health systems. It will provide its customers to treat chronic diseases better and take informed medical supervision at ease and convenience. This partnership advances the person-centric healthcare network for both the companies. Cerner signed the partnership with ResMed to leverage upon its Brightree Home Health and Hospice Platform while the latter could utilize Cerner’s Millennium EHR.
North America is expected to remain a dominant region in the Global Home Healthcare Software Market.
North America is the dominant region in the market with the largest share of the global Home Healthcare Software market, owing to the countries in the region being early adopters of technology, a stable and well-developed IT environment and infrastructure makes it a dominating region for providing better technology-assisted home healthcare services to its netizens. Additionally, there are rising initiatives by government of US, to reduce the hospital readmissions into the country, for which it is empowering the adoption of home healthcare software for a convenient and cost-effective treatment to treat chronic diseases in elderly population. US had more than 12200 functional home health agencies to nurture home healthcare, in 2016. Also, as per Home Care Association of America, the country saved more than 25 billion USD by adopting home healthcare services, in the previous decade. In a survey posted in HCAA, 9 out of 10 US adults would prefer to be treated at home for a speedy recovery.
Key Benefits of Global Home Healthcare Software Market Report-
· Global market report covers in depth historical and forecast analysis.
· Global market research report provides detailed information about Market Introduction, Market Summary, Global Market Revenue (USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country level.
· Global market report helps to identify opportunities in market place.
· Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Home Healthcare Software Market Segmentation: -
By Component type:
· Software
· Service
By Product Type:
· Agency software
· Hospital solutions
· Telehealth solutions
· Traditional Clinical Solutions
By Usage:
· Mobiles
· PC
· Laptops
· Tablets
By Delivery:
· Web-based
· Cloud-based
· On-premise
By End-User:
· Private Medical Assistance
· Homecare services
· Home agency
· Home nutrition
· Hospice agency
By Regional Analysis:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa
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