About Home Healthcare Software
The rise in demand for home healthcare services to reduce the growing healthcare costs, increasing awareness triggering the adoption rate, and technological advancements leading to cost-effectiveness and ease of use, are some of the other factors contributing to the growth of the market. Home health care software streamlines home health care agency management, patient care management, and therapy and rehabilitative service coordination. While home health care can be used interchangeably with “home care", home health care services are, in fact, a type of home care service. Home health care agencies and service providers provide both skilled and non-skilled (or, non-medical), and short-term and long-term care to patients within the comfort of their own homes. Registered nurses, rehabilitative therapists, home aides, medical social workers, and caseworkers can all leverage home health care software to coordinate business operations, centralize processes and workflows, optimize scheduling and caregiving duties, and simplify claims and insurance billing
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.46% |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Home Healthcare Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Agfa Healthcare (Belgium), Cerner Corporation (United States), Carestream Health, Inc. (United States), Epic (United States), MEDITECH (United States), Allscripts Healthcare Solutions, Inc. (United States), athenahealth, Inc. (United States),, GE Healthcare (United Kingdom) and McKesson Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Home Healthcare Software market by , Application (Clinical homecare solutions and Non-clinical home care solutions) and Region.
On the basis of geography, the market of Home Healthcare Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. On-premises will boost the Home Healthcare Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Functionality, the sub-segment i.e. Agency Management will boost the Home Healthcare Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Device Support, the sub-segment i.e. Mobile Devices will boost the Home Healthcare Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the Home Healthcare Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospice Care Agencies will boost the Home Healthcare Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Cloud Computing Mode Of Delivery, An Opportunity For Homecare Market
Market Growth Drivers:
The increasing geriatric population is expected to boost the growth of the home healthcare software market and Homecare Software Adoption, A Viable Solution That Curtails Healthcare Cost
Challenges:
Rising Incidences Of Data Breach & Loss Of Confidentiality
Restraints:
High Maintenance And Service Expenses Will Hinder The Market
Opportunities:
The increasing geriatric population prone to chronic diseases is expected to lead to a high demand for nursing homes and assisted living care facilities for specialized attention
Market Leaders and their expansionary development strategies
on November 17, 2022, McKay Healthcare merged with an undisclosed company. This merger could have aimed to expand McKay's product portfolio or market reach.
On June 14, 2023., Epic Systems launched a new product Unfortunately, without more information, it's difficult to pinpoint the specific product. However, Epic Systems is known for electronic health record (EHR) software, so it likely launched a new version or module related to EHR.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Home Care Software Developer, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.