Global Private Duty Care Software Market Overview:
Private duty home care software simplifies the administration of private duty home care agencies, patient care, and chronic illness management for homebound patients. Private duty home care software is designed to provide a complete spectrum of care, from low acute day services to higher acute nursing activities and even remote control. Both clinical and non-clinical data are housed in a single platform, allowing interdisciplinary teams to create informative treatment plan assignments, interventions, and target setting for each client's individual needs. Private duty care platform reduces the loss of visibility, increases client satisfaction, and allows for real-time connectivity. With the pandemic facilitated quarantine has generated demand for home-based healthcare service, in the long run factors such as rising geriatric population will be responsible for growth in private duty care software.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
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:
Rising Healthcare Infrastructure
Market Growth Drivers:
Demand for Home Healthcare Facilities, Rising Geriatric Population and Technical Progress in Managed Healthcare
Challenges:
Fierce Competitive Pressure
Restraints:
Technical Glitches and Errors
Opportunities:
Low Penetration in Emerging Regions
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are MatrixCare Inc. (United States), Centex AxisCare LLC (United States), WellSky (United States), HHAeXchange (United States), Kinnser (United States), Casamba LLC (United States), KanTime Technologies Inc. (United States), CareVoyant Inc. (United States), Netsmart Technologies (United States) and Alora Healthcare Systems, LLC (United States). Additionally, following companies can also be profiled that are part of our coverage like Axxess HomeCare (United States), MEDsys (United States), Rosemark (Shoshana Technologies) (United States), Homecare Homebase, LLC (United States) and Ankota (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Private Duty Care Software market by 2028. Considering Market by Deployment Mode, the sub-segment i.e. Cloud will boost the Private Duty Care Software market. Considering Market by Enterprise, the sub-segment i.e. Large Enterprises will boost the Private Duty Care Software market. Considering Market by Component, the sub-segment i.e. Software will boost the Private Duty Care Software market.
Latest Market Insights:
On 8th October, 2019 - WellSky Announced its Acquisition of ClearCare (Leading Personal Care Software-as-a-Service (SaaS) Platform Provider), this Acquisition is Aimed to Strengthen WellSky’s Position in Personal Care Market.
On 11th April, 2018 - Netsmart Launched Cloud-Based EHR System myUnity for Home Health, this Latest Service Is Tailored to The Needs of Home Wellbeing and Senior Living Organisations. myUnity EHR integrates Netsmart’s existing hospice, home care, and senior living health IT solutions into a single unified platform. and On 15th April, 2021 - KanTime Released its New Self Direction Platform, “KanTime for Self Direction” is Designed Primarily for FMSAs, F/EAs, Agencies of Choice, FIs, FSEs, and Intermediary Support Organizations, and it Meets the Special Needs of Customer Directed Services Providers.
What Can be Explored with the Private Duty Care Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Private Duty Care Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Private Duty Care 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 Private Duty Care 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 Private Duty Care 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 Private Duty Care Software Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
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.