5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
The Home Healthcare Software market is segmented by Software (Agency Management, Clinical Management, Hospice Software Solutions, Other Software), Service, Mode of Delivery, and Geography.
Fastest Growing Market:
The major factors for the growth of the home healthcare software market include the increasing awareness triggering the adoption rate, technological advancements leading to cost-effectiveness and ease of use, and rapid rise in the ageing population.
Globally the Geriatric population is increasing rapidly. Geriatric population is dependent on constant healthcare assitance. The global increase in the geriatric population could lead to consequences, such as higher incidences of cardiac, neurological, orthopaedic, and several other problems, along with the chronic and life-threatening diseases. Here, home healthcare software comes to help when required. The incidence of multiple chronic conditions increases with age, and the prevalence of some chronic conditions, such as hypertension, asthma, cancer, and diabetes, and this condition has increased among older adults. Rehab Centers and organisations have started to offer patients a way to stay connected to their health information, and manage their wellness and healthcare needs through home healthcare software. As the ageing or geriatric population is rising around the world, the adoption rate of this home healthcare software is also expected to grow, and drive the market during the forecast period.
As per the scope of this report, home healthcare software is the application of information processing involving both computer software that deals with the storage, retrieval, sharing, and use of healthcare information, data, and knowledge for communication and decision-making. It is specifically designed for the companies employing home healthcare provider, as well as government entities who track payments to home healthcare providers.
|Hospice Software Solutions|
|By Mode of Delivery|
Report scope can be customized per your requirements. Click here.
Hospice Software Solutions are integrated management system for home health and hospice, agencies. It manages employees, payroll, scheduling, referral sources, patients, doctors’ orders, eligibility, electronic visit verification (EVV), accounts receivable, collections and payers. These software also offer checks that alert clinicians for all mandatory and vital information required for visit documentation.
Recently, the demand for hospice care has increased, and is also expected to increase in future due to increasing incidence of fatal diseases like cancer. For instance, Cancer Research UK suggests that the population suffering from cancer is expected to increase in the future. As per the report, if recent trends in incidence of major cancers and population growth are consistent, it is predicted there will be 27.5 million new cancer cases worldwide each year by 2040, as compared to 17 million in 2018. This factor is exepted to increase the hospice carecenters, which will also increase the demand for hospice software solutions. This will help them market grwoth.
To understand key trends, Download Sample Report
North America is expected to dominate the market, owing to the presence of better healthcare infrastructure and rising geriatric population. The United States has an advanced IT infrastructure in healthcare facilities, which makes the country ideal for any kind of home healthcare software solutions. The demand for such solutions is much higher in the country, compared to developing countries. The available infrastructural facilities, along with the rising demand, are expected to lead to the overall market expansion. Furthermore, according to the US Census Bureau’s Statistics as of 2017, the total number of people aged between 65 years and older exceeds 50 million, and between 2020 and 2030, the number of elderly population is projected to increase by almost 18 million. Although much smaller in total size, the number of people aged 85 years and older is expected to more than triple, from an estimated 6 million today, to nearly 20 million by 2060. Thus, rising geriatric population is expected to create huge demand for various home healthcare applications, resulting in the high growth of the market.
To understand geography trends, Download Sample Report.
The market studied is moderately consolidated, owing to the presence of many small and large market players. Some of the market players are Allscripts Healthcare Solutions Inc., CARECENTA INC., Cerner Corporation, Delta Health Technologies, Kinnser Software Inc., McKesson Corporation, Medical Information Technology Inc., Netsmart Technologies, and Thornberry Limited.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Awareness regarding Homecare Technologies
4.2.2 Technological Advancements Leading to Cost Effectiveness and Ease of Use
4.2.3 Rapid Rise in the Ageing Population
4.3 Market Restraints
4.3.1 Insufficient Technical Support
4.3.2 Affordability Issues among the Emerging Economies Hindering the Market Growth
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Software
5.1.1 Agency Management
5.1.2 Clinical Management
5.1.3 Hospice Software Solutions
5.1.4 Other Software
5.2 By Service
5.2.2 Infusion Therapy
5.2.3 Respiratory Therapy
5.2.4 Pregnancy Care
5.2.5 Skilled Nursing
5.3 By Mode of Delivery
5.3.1 Cloud-Based Software
5.3.2 On-Premises Software
5.4.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.4.4 Middle-East & Africa
18.104.22.168 South Africa
22.214.171.124 Rest of Middle-East & Africa
5.4.5 South America
126.96.36.199 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Allscripts Healthcare Solutions Inc.
6.1.2 CARECENTA, INC.
6.1.3 Cerner Corporation
6.1.4 Delta Health Technologies
6.1.5 Kinnser Software Inc.
6.1.6 McKesson Corporation
6.1.7 Medical Information Technology Inc.
6.1.8 Netsmart Technologies
6.1.9 Thornberry Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments