Home healthcare software is a user-friendly solution that offers healthcare information with zero error which helps in increasing the operational efficiency of the doctor. Also, it provides home care agencies and physicians to communicate effectively to enable standardize care to the patients. Such solutions offer healthcare professionals real-time information to deliver superior patient care. The global pandemic of COVID-19 escalates the demand for home healthcare software due to the primary focus of the government towards coronavirus-infected peoples. Also, initiatives taken by the people and government authorities to reduce corona spread leads to home isolation and self-quarantine activities which significantly upsurge the demand for home healthcare software where doctors can monitor patient’s health from clinics or hospitals and suggest efficient treatments to the patients. Whereas, the emergence of large health issues to the geriatric population and the need for regular check-ups of an aging population, stimulated the demand for home healthcare software. Therefore, rapid growth in the aging population and the need for an instant check on old peoples driving the growth of the market over the forecast years. For instance: According to World Health Organization, the number of people aged 65 or older is projected to grow from an estimated 524 million in 2010 to nearly 1.6 billion in 2050, with most of the increase in developing countries. In addition, the presence of favorable government regulations regarding the adoption of home healthcare software is driving the market growth over the forecast years. However, security concerns and the growing incidence of a data breach are hampering the growth of the market over the forecast years.
Global Home Healthcare Software Market is valued at approximately USD 7.26 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 13.40% over the forecast period 2020-2027.
The regional analysis of the global Home Healthcare Software Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising growth in healthcare expenditure in the region. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rising aging population would create lucrative growth prospects for the Home Healthcare Software Market across the Asia-Pacific region.
Major market player included in this report are: Allscripts Healthcare Solutions, Inc., Cerner Corporation, Continulink Health Technologies, LLC., Delta Health Technologies, Hearst Corporation, Healthmedx, Kinnser Software, Inc., McKesson Corporation, Medical Information Technology, Inc., Thornberry Limited
The detailed segments and sub-segment of the market are explained below:
By Software: Agency Management, Clinical Management, Consulting and Support Services, Hospice Software Solutions, Tele Health Solutions, Other Software
By Component: Software, Services, Other Components
By Mode of Delivery: Web-based, Cloud based, Other Modes of Delivery
By End-user: Rehab Centres, Hospice Care, Homecare Institutions, Other End-Users
By Region: North America, Europe, Asia Pacific, Latin America, Rest of the World
Furthermore, the years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Home Healthcare Software Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
Review our report athttp://www.bizwitresearch.com/reports/global-home-healthcare-software-market-to-reach-usd-19-85-billion-by-2027-2/
To review more reports on Upcoming topics, visit us at http://www.bizwitresearch.com
Data drives better decisions
Bizwit Research & Consulting LLP