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Home Healthcare Software - Product & Service Market

Home Healthcare Software - Product & Service Market Size, Share & Segmentation by Product (Agency software, Clinical Management System, Hospice solutions, Telehealth solutions), By Application (Clinical homecare solutions, non-clinical homecare solutions), By Delivery Mode (On-premises, Cloud-based), By Component (Software, Service), By End-User (Homecare Agency, Hospice Agency, Private Duty), by Regions and Global Forecast 2023-2030

Report Id: SNS/HC/2426 | July 2022 | Region: Global | 140 Pages

The Home Healthcare Software - Product & Service Market Size was valued at USD 10.69 billion in 2022, and expected to reach USD 30.08 billion by 2030, and grow at a CAGR of 13.8% over the forecast period 2023-2030.

Health care information technology includes home healthcare software, which aims to offer a variety of in-home health care services for the treatment of different diseases and injuries. Given the growing strain on healthcare spending globally, it is anticipated that the provision of care in settings other than acute settings will play a crucial role in healthcare reform. And to help with this, technical advancements have led to the creation of medical devices that may be employed in non-acute care settings. Customers view homecare as a more affordable and cozy option to institutionalized care.

Home Healthcare Software - Product & Service Market

MARKET DYNAMICS

KEY DRIVERS

  • Home Care Software Adoption: A Practical Approach to Reducing Healthcare Costs

  • Market growth will be driven by the cost-effective results of using home care software

  • The increased prevalence of chronic diseases caused by an aging population increases the demand for home care services.

  • A shortage of medical personnel will result in a greater demand for home care services.

  • Adoption of home care software and services is facilitated by government support and healthcare reforms.

  • Home care providers' demand for electronic documentation from the point of care will be managed by Oasis Documentation.

RESTRAINTS

  • Adoption of Homecare Software: A Realistic Method to Reduce Healthcare Costs

  • Security Issues and Increasing Numbers of Data Breach

  • The market's growth would be hampered by a loss of confidentiality.

  • The market will be hampered by high maintenance and service costs.

OPPORTUNITIES

  • The Homecare Systems Market Has a Lot of Potential in Apac Countries.

  • A Chance for The Homecare Market Given the Delivery Method Of Cloud Computing

  • The market for homecare will have opportunity as a result of the shifting trend toward telehealth technology.

  • Growing Use of Smart Phones, Tablets, and PDAs Will Drive Uptake of Homecare Software

  • The demand for software testing and development will rise as a result of the Icd-10 conversion system.

CHALLENGES

  • The uneven structure of the home healthcare software market

  • Lack of technical and on-site support

IMPACT OF COVID-19

Due to the lack of access to medical services for the treatment of chronic illnesses, the care of the elderly, and post-infection rehabilitation, COVID-19 has overrun home healthcare agencies with people.

The need for home care brought on by COVID-19, the rise in chronic medical illnesses, and the rising elderly population are all expected to have a positive impact on the market for home healthcare.

The market for home healthcare software is split into clinical and non-clinical categories. The clinical section includes electronic point-of-care documentation, medication management, homecare-EMR, and other features including a doctors' portal. The non-clinical homecare software is divided into different categories, including billing and scheduling, accounting, payroll, homecare-CRM, and others. The market for home healthcare software and services worldwide was dominated by non-clinical applications, and it is predicted that this industry will continue to develop fastest.

The study takes into account three main delivery methods: on-premises, and cloud computing.

The homecare software industry is split up into categories such as homecare agencies, hospice agencies, private duty, and others like rehabilitation centers in order to better comprehend the end-user perspective. The private duty center had the fastest-growing share and the largest portion was taken by homecare agencies.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: Thornberry Ltd., Medical Information Technology, Inc., Delta Health Technologies, Inc., NXGN Management, LLC, EPIC Home Healthcare, Athena Health Care Systems, McKesson Medical-Surgical Inc., CARECENTA, INC., Netsmart Technologies, Inc., Cerner Corporation, Siemens Healthcare GmbH.

MARKET SEGMENTS:

By Product

  • Agency software

  • Clinical Management System

  • Hospice solutions

  • Telehealth solutions

By Application

  • Clinical homecare solutions

  • Non-clinical homecare solutions

By Delivery Mode

  • On-premises

  • Cloud-based

By Component

  • Software

  • Service

By End-User

  • Homecare Agency

  • Hospice Agency

  • Private Duty

Home Healthcare Software - Product & Service Market

REGIONAL ANALYSIS

The global market for home healthcare software - products and services is trending due to an older population and technological improvements in the healthcare sector. Nevertheless, the development of the market will be constrained by evolving technologies and regulatory barriers for new age devices. In the Home Healthcare Software - Product & Service Market, APAC is expected to grow at the greatest rate during the forecast period, followed by North America and Europe. The demand for inexpensive healthcare delivery systems, rising disposable income levels, and the growth of home health care businesses in this region will all contribute to the

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Home Healthcare Software - Product & Service Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 10.69 Billion
Market Size by 2030 US$ 30.08 Billion
CAGR CAGR of 13.8% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product (Agency software, Clinical Management System, Hospice solutions, Telehealth solutions)
• By Application (Clinical homecare solutions, non-clinical homecare solutions)
• By Delivery Mode (On-premises, Cloud-based)
• By Component (Software, Service)
• By End-User (Homecare Agency, Hospice Agency, Private Duty)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Thornberry Ltd., Medical Information Technology, Inc., Delta Health Technologies, Inc., NXGN Management, LLC, EPIC Home Healthcare, Athena Health Care Systems
Key Drivers • Home Care Software Adoption: A Practical Approach to Reducing Healthcare Costs
• Market growth will be driven by the cost-effective results of using home care software
RESTRAINTS • Security Issues and Increasing Numbers of Data Breach
• The market's growth would be hampered by a loss of confidentiality.


Frequently Asked Questions (FAQ) :


Table of Content:

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Home Healthcare Software - Product & Service Market Segmentation, By Product

8.1 Agency software

8.2 Clinical Management System

8.3 Hospice solutions

8.4 Telehealth solutions

 

9. Home Healthcare Software - Product & Service Market Segmentation, By Application

9.1 Clinical homecare solutions

9.2 non-clinical homecare solutions

 

10. Home Healthcare Software - Product & Service Market Segmentation, By Delivery Mode

10.1 On-premises

10.2 Cloud-based

 

11. Home Healthcare Software - Product & Service Market Segmentation, By Component

11.1 Software

11.2 Service

 

12. Home Healthcare Software - Product & Service Market Segmentation, By End-User

12.1Homecare Agency

12.2 Hospice Agency

12.3 Private Duty

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

14.Company Profiles

14.1 Thornberry Ltd.

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Medical Information Technology, Inc.

14.3 Delta Health Technologies, Inc.

14.4 NXGN Management, LLC

14.5 EPIC Home Healthcare

14.6 Athena Health Care Systems

14.7 McKesson Medical-Surgical Inc.

14.8 CARECENTA, INC.

14.9 Netsmart Technologies, Inc.

14.10 Cerner Corporation

 

15.Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share analysis

15.3 Recent Developments

 

16.Conclusion

 

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Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

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