Global Home Healthcare Software Market Growth, Analysis and Key Trends 2015 – 2025: Report

Global Home
Healthcare Software
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015
Future Market Insights
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Description
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Home Healthcare Software is the most evolving and cutting-edge technology in the
healthcare industry in the recent years. In the past decade, medical documentation was
not only difficult to maintain, but also time consuming. It involved a lot of paper work to
maintain patient and clinical records.
Home Healthcare solutions are extremely user friendly solutions that provides error free
healthcare information which increases the operational efficacy and also enables home
care agencies and physicians to communicate effectively to provide quality care to the
patients. These solutions provides all healthcare professionals with real time information
to deliver superior patient care.
These specially designed software’s are used for maintaining patient electronic medical
records, medication history, billing records, scheduling, and point-of-care clinical
documentation.
Home Healthcare Software Market: Drivers
Today, aging population is a key factor for driving home healthcare software market. With
the advancement of technology and growing adaptation of home healthcare based
solutions. There is a pressure to reduce healthcare cost, patient readmission and increase
in the quality of care in home care settings. These solutions are cost effective, ease of use
and provides error free medical information. With this cutting edge technology and
remarkable investments from the stakeholders, this market is expected to create a better
business opportunities in the coming years.
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Home Healthcare Software Market: Segmentation
Based on the commercially available software products, global home healthcare software
market is segmented as follows:
Hospice Systems
Agency Software Systems
Tele-Health Systems
Clinical Management Systems
Furthermore, the global home healthcare software market is classified based on usage
mode as:
Non Clinical Homecare Systems
Clinical Homecare Systems
Based on the delivery mode, the global home healthcare software market is segmented
as follows:
Cloud-based software
On-premises software
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Description
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The major end-uses of this market include:
Private duty
Hospice agencies
Homecare agencies
Others
Cloud based software segment is currently growing at a faster rate due to its offered
advantage of data storage and accessibility. Tele-Health Systems is the fastest growing
product segment among other commercially available home healthcare software
products.
Home Healthcare Software Market: Overview
With rapid acceptance of technology and taking into account the above mentioned
drivers and other macroeconomic factors, it is expected to grow at a rate of around 1315% in the forecast years (2015-2025). The home healthcare software market will reach
four times by 2025. There was an immense demand for home healthcare software in the
recent past and as per our estimates, it will witness further growth in the forecast years
as well. The emphasis of using such kind of systems by different healthcare agencies has
prompted companies to focus more on the existing technologies and products.
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Home Healthcare Software Market: Regional Outlook
Geographically, the global home healthcare software market is segmented into North
America, Latin America (LATAM), Western Europe, Eastern Europe, Asia Pacific excluding
Japan (APEJ), Japan and Middle East and African regions. At present, North America
dominates the global home healthcare software market followed by Western Europe.
Factors such as existence of highly developed healthcare infrastructure, rapid adoption of
advanced technologies and higher rate of implementation of innovative technology in
the practice are driving the North America home healthcare software market towards
growth. Asia-Pacific is lucrative market for home healthcare software due to the easy
availability of skilled manpower, innovations and highly developed information
technology sectors in the emerging countries mainly China and India. India accounts for
second largest population pool in the world. With aging of population in country like
India, the prevalence of chronic diseases will be higher, which will result in higher patient
population and thus demand for home healthcare software to grow more in such
country.
Home Healthcare Software Market: Key Players
Some of the major companies contributing to the global home healthcare software
market are Agfa Healthcare, NextGen Healthcare Information System LLC, Cerner
Corporation, GE Healthcare, MEDITECH, Mckesson Corporation, Medical Information
Technology, Inc. (Meditech), Siemens Healthcare and Allscripts Healthcare Solutions, Inc.
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Home Healthcare solutions are extremely user friendly solutions that provides error free healthcare information which increases the operational efficacy and also enables home care agencies and physicians to communicate effectively to provide quality care to the patients. These solutions provides all healthcare professionals with real time information to deliver superior patient care.