Global Home Healthcare Software Market Report 2022: Importance of Healthcare Software Tools Rises as Pandemic Accelerates Wider Use of Telemedicine – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Home Healthcare Software – Global Market Trajectory and Analysis” report has been added to from ResearchAndMarkets.com offer.

Global Home Healthcare Software Products and Services Market to Reach $7 Billion by 2026

Amid the COVID-19 crisis, the global home healthcare – software products and services market estimated at US$3.2 billion in 2020, is expected to reach a revised size of US$7 billion by 2026, growing at a CAGR of 13.4% over the analysis period. COVID-19 has overwhelmed patient home care agencies due to limited access to medical services for chronic disease treatment, elderly care and post-infection rehabilitation.

The combination of COVID-19 driven demand for home care, increasing incidence of chronic diseases and increasing geriatric population is poised to significantly benefit the home healthcare market .

Home health care software is a part of health care information technology, aimed at providing a wide range of home health care services for the treatment of various diseases and injuries. The provision of care in settings other than acute settings should be an essential part of health care reform, given the growing pressure on health care expenditures around the world.

And in support of this, technological developments have resulted in medical equipment that can be used in settings other than acute care. Consumers perceive home care as a cheaper and more comfortable alternative to institutional care. By emphasizing the prevention of nosocomial infections at an all-time high, healthcare institutions are supporting the home care trend. Government and health authorities are promoting home care to reduce pressure on public sector health systems. Against this backdrop, home healthcare software is expected to see increased demand over the analysis period.

The US market is estimated at $1.3 billion in 2021, while China is expected to reach $1.2 billion by 2026

The US home healthcare software products and services market is estimated to be worth US$1.3 billion in 2021. China, the world’s second largest economy, is expected to reach a projected market size of US$1.2 billion US dollars by 2026. CAGR of 18.8% over the analysis period.

Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 10.5% and 12.2% respectively over the analysis period. In Europe, Germany is expected to grow around 11.3% CAGR. While the United States is considered the pioneer of home care among developed countries, European countries are also following the trend.

The number of people receiving treatment in the subacute setting and at home, apart from day surgery cases, is increasing. The increase in the number of home care equipment dealers in the region also reflects this trend.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

• Impact of COVID-19 and a looming global recession

• 2020: A year of disruption and transformation

• How healthcare has been impacted and beyond COVID-19 What awaits healthcare?

• COVID-19 highlights the importance of home health care

• Pandemic opens disguised opportunities for home healthcare software

• Overview of the influencer market

• Global Market Trajectories

• Home healthcare software: a prelude

• Types of home healthcare software

• Here’s why home care pays off

• Recent market activity

2. FOCUS ON SELECT PLAYERS (Total 133 Featured)

• Athena Healthcare Systems

• CARECENTA, INC.

• Cerner Company

• Delta Health Technologies, Inc.

• EPIC Home Care

• McKesson Medical-Surgical Inc.

• Medical Information Technology, Inc.

• Netsmart Technologies, Inc.

• NXGN Management, LLC

• Siemens Healthcare GmbH

• Thornberry Ltd.

3. MARKET TRENDS AND DRIVERS

• Health informatics seeks a role in home care and direct primary care

• Healthcare IT Market Leaps Forward with Growing Influx of IoT

• The technology is deeply embedded in the latest trends in the home healthcare market

• Digitization of Healthcare Drives High Adoption of Home Healthcare Software Solutions

• The pandemic is driving the emergence of new models of home health care

• Importance of healthcare software tools grows as pandemic accelerates wider use of telemedicine

• Telerehabilitation is gaining momentum

• Home health agencies expand specialist care and telehealth services

• Software solutions play an important role in leveraging Big Data

• COVID-19 makes healthcare analytics matter

• The pandemic is accelerating the aging-in-place trend, creating opportunities

• Rise of home health care for patients with high degree of acuity

• The COVID-19-induced rise of contactless home care reinforces the need for remote monitoring software and technology

• Integration of IT systems in the home healthcare sector to drive growth

• The development of interoperability attracts attention

• Alternative models of care for healthcare delivery to ease the burden on hospitals

• Therapy and rehabilitation outside the hospital setting

• Percentage of disabled population by age group

• The aging population is a key demographic driver for the growth of home healthcare solutions and services

• Chronic disease management and associated costs drive demand for home care

• The growing prevalence of chronic diseases amplifies the role of alternative care sites and highlights the need for home healthcare solutions

• Rising health care costs are accelerating the shift to low-cost alternative care sites, including patient-centered medical homes

• Rising healthcare costs outpacing global GDP growth puts pressure on healthcare systems to bend the cost curve

• Maximizing Consumer Satisfaction and Business Outcomes with FSM

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

IV. COMPETETION

For more information about this report, visit https://www.researchandmarkets.com/r/wwqzn5.