Global Geriatric Software Market Overview:
Geriatric software is any solution designed to assist long-term or post-acute, home health or hospice senior care professionals. These systems may be used in senior assisted-living communities, rehabilitation centers, home health or skilled nursing settings. Solutions for geriatric care generally include a few key functional areas, electronic medical/health records, e-prescribing and a practice management suite.
As per latest study released by AMA Research, the Global Geriatric Software market is expected to see growth rate of 5.3%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Advancing It and Big Data Capabilities
Market Growth Drivers:
Rising Geriatric Population and Burden of Chronic Diseases and Need for Affordable Treatment Options Due to Rising Healthcare Costs
Challenges:
Requirement of Huge Investments in Infrastructure to Set Up A Robust Population Health Management Program
Restraints:
Issues Related to the Safety of Patient Information, Lack of Data Management Capabilities and Skilled Analysts and Reluctance to Migrate From Legacy Systems
Opportunities:
Increasing Focus on Value-Based Medicine, Focus on Personalized Medicine Based on Analytics and Huge Market Potential in Emerging Economies
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Some of the key players profiled in the report are Kareo Billing (United States), Bizmatics, Inc. (United States), Azalea Health (United States), CompuGroup Medical (Germany), NovoClinical (United States), MDConnection (United States), eClinicalWorks (United States), Centricity (United States), AllegianceMD (United States) and TotalMD (United States). Additionally, following companies can also be profiled that are part of our coverage like ChARM Health, Waystar, Advanced Data Systems, GEHRIMED, Doc-tor.com, Sevocity and UltraLinq. Analyst at AMA Research see United States Players to retain maximum share of Global Geriatric Software market by 2030.
Latest Market Insights:
In March 2023, Aiva Health, a platform connecting older adults with caregivers, partnered with WellSky, a provider of technology solutions for senior care providers. This partnership aims to improve care coordination and communication between families and caregivers.
In May 2023, Bayada Home Health Care launched Bayada Connect, a mobile app enabling communication and care coordination between patients, families, and caregivers.
What Can be Explored with the Geriatric Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Geriatric Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Geriatric Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Geriatric Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Geriatric Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.