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Home Healthcare Software Market By Equipment (Monitoring Equipment, Therapeutic Equipment, Mobility Assist, Others); By Service (Rehabilitation, Infusion Therapy, Respiratory Therapy, Pregnancy Care, Skilled Nursing, Palliative Care, Others); By Software (Agency Software, Clinical Management Systems, Hospice Solutions) - Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Home Healthcare Software Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Home Healthcare Software Market Overview

Home healthcare software refers to a category of healthcare information technology (HIT), which offers extensive range of healthcare services offered at home for the treatment of various diseases and injuries. The main feature of home healthcare software services includes cost effectiveness, high quality homecare services and various other features.

Market Size and Forecast

The global home healthcare software market is expected to expand at a significant CAGR of 15.2% over the forecast period i.e. 2018-2027. Rising awareness regarding home healthcare services in the developing regions is anticipated to drive the growth of global home healthcare software market over the forecast period.

The market is segmented in five major regions including North America, Asia Pacific, Europe, Middle East & Africa and Latin America regions. Among these regions, North America is anticipated to dominate the overall market of home healthcare software during the upcoming years. Increasing demand for integrated solutions is estimated to positively impact the growth of home healthcare software market over the forecast period. Further, rising support from the U.S. federal government is expected to significantly impact the growth of the home healthcare software market in North America.

home healthcare software market

Europe home healthcare software market is poised to grow at a significant rate over the forecast period. Growing adoption of home healthcare services is expected to spur the growth of home healthcare software market over the upcoming years. Asia Pacific region is expected to observe outstanding growth in the upcoming years. Rising disposable income coupled with growing expenditure on healthcare services is likely to drive the future adoption of home healthcare software market. Moreover, expansion of major software developing IT companies in developing countries such as China and India bodes well for growth of Asia Pacific home healthcare software market over the upcoming years.

Monitoring equipment by equipment is projected to capture major shares of market over the forecast period. Moreover, rising incidence of chronic diseases and growing aging population is a major factor that is expected to propel the growth of home healthcare software market in the upcoming years.CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

Our in-depth analysis has segmented global home healthcare software market into the following segments:

By Service

  • Rehabilitation
  • Infusion Therapy
  • Respiratory Therapy
  • Pregnancy Care
  • Skilled Nursing
  • Palliative Care
  • Others

By Software

  • Agency Software
  • Clinical Management Systems
  • Hospice Solutions

By Delivery Mode

  • Cloud-Based Software
  • On-Premises Software
  • Others

By Region

Global home healthcare software market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

Increasing need for home healthcare services due to rise in healthcare costs across the globe is anticipated to drive the growth of global home healthcare software market over the forecast period. Further, rising advancement in the healthcare services and increasing prevalence of diseases are some of the key factors which are expected to positively drive the growth of the global home healthcare software market over the upcoming years.

In addition, the market is witnessing the launch of enhanced and advanced home healthcare softwares. This factor is anticipated to positively impact the growth of the global home healthcare software market over the forecast period. Apart from this, factor such as rising government initiatives to promote home healthcare is expected to increase the growth of global home healthcare software market over the forecast period.

Further, features such as cost effectiveness, high quality homecare services and other salient features are likely to further strengthen the growth of global home healthcare software market over the forecast period. Moreover, as compared to traditional clinics home healthcare is being rapidly adopted across the globe. This factor is expected to strengthen the growth of the global home healthcare software market over the forecast period.

However, limited insurance coverage and patient safety concerns are some of the key factors which are expected to limit the growth of global home healthcare software market.

Key Players

  • Siemens Healthcare
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • American Homepatient Inc.
  • Baxter International Inc.
  • Bayer Ag
  • Convatec Inc.
  • Covidien Plc.
  • C.R. Bard Inc.
  • Medtronic Inc.
  • Novo Nordisk
  • Abbott Laboratories

Scope and Context

Overview of the Parent Market

Analyst View                         

Segmentation

The global home healthcare software market is segmented as follows:

  • By Service Market Size & Y-O-Y Growth Analysis
  • By Software Market Size & Y-O-Y Growth Analysis
  • By Delivery Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 


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