Market Overview:
The global home healthcare software and services market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for home healthcare software and services due to the rising geriatric population, growing prevalence of chronic diseases, and increasing preference for home-based care. In addition, technological advancements in the field of telehealth are also contributing to the growth of this market. On the basis of type, the global home healthcare software and services market is segmented into agency software, clinical management system, hospice solutions, and telehealth solutions. The agency software segment is expected to account for a major share of this market in 2018 owing to its ability to manage all aspects related to patient care such as scheduling appointments with doctors or other service providers, tracking medication schedules or other treatments prescribed by doctors etc., billing & invoicing patients or insurance companies etc., managing payrolls & employee records etc., and generating reports on various aspects such as patient demographics data trends analysis etc. Based on application, the global home healthcare software and services market is segmented into homecare agencies; hospice agencies; private duty; others (including long-term care facilities/homes).
Product Definition:
Home healthcare software is a type of software that helps caregivers manage the care of their patients in their home. This type of software can include features such as medication management, appointment scheduling, and patient records. Home healthcare services are those services that are provided to patients in their home. These services can include things like nursing care, physical therapy, and hospice care. The importance of home healthcare software and services lies in the fact that they allow patients to receive necessary medical care while still remaining in the comfort of their own home.
Agency Software:
Agency software, also known as workforce management software or home healthcare software is used by agencies and organizations to effectively manage the work of their employees. Agency software provides a way for clients, patients, and caregivers to connect with each other and co-ordinate services. It also helps in scheduling appointments, managing shifts etc. The major function of agency/home healthcare software is to help providers access patient data from multiple systems such as lab results & EHRs (Electronic Health Records).
Clinical Management System:
Clinical management systems are computer-based systems designed to help healthcare professionals at the front desk, nurses, and doctors’ end use data and information effectively. It helps them in scheduling appointments, managing patients’ records efficiently & accurately along with generating reports which can be used for future reference. The system also helps in analyzing patient trends so that appropriate measures can be taken to improve patient care quality as well as efficiency.
Application Insights:
The homecare agency application segment dominated the global market in 2017. This is attributed to increasing demand for skilled care at home for patients with chronic conditions and injuries. The growing geriatric population across the world is also expected to contribute significantly towards growth over the forecast period.
Homecare agencies provide services to a large number of patients, which requires efficient software solutions that can help them manage their workflow and clinical data efficiently. Thus, agencies are increasingly adopting integrated solutions that offer a complete end-to-end solution from patient intake through discharge management and follow-up appointments across all channels (phone, online, mobile). Such integrated solutions enable agencies to serve multiple customers simultaneously while maintaining client information securely at heart without any hassles or additional costs incurred by third parties involved in healthcare delivery process such as insurance companies or government authorities who need access to medical records on request.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of players and increased adoption of advanced technologies. Moreover, increasing demand for home healthcare services due to growing geriatric population is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to factors such as improving healthcare infrastructure and economic development in emerging countries such as India, China, Indonesia, Malaysia and Thailand. Furthermore, rising awareness regarding home health care among patients & their families will propel market expansion over next eight years (2018-2030).
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, according to a study by Zion Market Research. This will create demand for home healthcare software and services as the elderly prefer to be treated in their homes instead of hospitals or nursing homes.
- Rising awareness about home healthcare: There is an increasing awareness among people about the benefits of home healthcare, which is driving demand for these services. Home healthcare software and services offer cost-effective and personalized care, which is why they are becoming increasingly popular among consumers worldwide.
- Technological advancements: Home healthcare software and services are benefiting from rapid technological advancements, such as the advent of big data analytics, cloud computing, mobile health (mHealth), etc., that are making them more efficient and user-friendly. This is helping them gain traction among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Healthcare Software and Services Market Research Report
By Type
Agency Software, Clinical Management System, Hospice Solutions, Telehealth Solutions
By Application
Homecare Agency, Hospice Agency, Private Duty, Others
By Companies
Agfa Healthcare, Allscripts Healthcare Solutions, Athenahealth, Inc., Cerner Corporation, Carestream Health, Epic, GE Healthcare, McKesson Corporation, MEDITECH, NextGen Healthcare Information System LLC, Siemens Healthcare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Home Healthcare Software and Services Market Report Segments:
The global Home Healthcare Software and Services market is segmented on the basis of:
Types
Agency Software, Clinical Management System, Hospice Solutions, Telehealth Solutions
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Homecare Agency, Hospice Agency, Private Duty, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Agfa Healthcare
- Allscripts Healthcare Solutions
- Athenahealth, Inc.
- Cerner Corporation
- Carestream Health
- Epic
- GE Healthcare
- McKesson Corporation
- MEDITECH
- NextGen Healthcare Information System LLC
- Siemens Healthcare
Highlights of The Home Healthcare Software and Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Agency Software
- Clinical Management System
- Hospice Solutions
- Telehealth Solutions
- By Application:
- Homecare Agency
- Hospice Agency
- Private Duty
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Healthcare Software and Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Home healthcare software and services are computer programs or applications that help people with chronic illnesses, disabilities, or physical limitations live more independently at home. These programs can include features to manage medication schedules, track medical records and symptoms, communicate with doctors and other health professionals, provide assistance with daily activities such as bathing and dressing, monitor vital signs remotely via sensors placed on the person's body (such as a heart rate monitor), provide reminders for appointments or tasks related to caregiving such as grocery shopping or laundry pickup/delivery, and much more.
Some of the key players operating in the home healthcare software and services market are Agfa Healthcare, Allscripts Healthcare Solutions, Athenahealth, Inc., Cerner Corporation, Carestream Health, Epic, GE Healthcare, McKesson Corporation, MEDITECH, NextGen Healthcare Information System LLC, Siemens Healthcare.
The home healthcare software and services market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Home Healthcare Software and Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Home Healthcare Software and Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Healthcare Software and Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Home Healthcare Software and Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Home Healthcare Software and Services Market Size & Forecast, 2020-2028
4.5.1 Home Healthcare Software and Services Market Size and Y-o-Y Growth
4.5.2 Home Healthcare Software and Services Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Agency Software
5.2.2 Clinical Management System
5.2.3 Hospice Solutions
5.2.4 Telehealth Solutions
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Homecare Agency
6.2.2 Hospice Agency
6.2.3 Private Duty
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Healthcare Software and Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Home Healthcare Software and Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Agency Software
9.6.2 Clinical Management System
9.6.3 Hospice Solutions
9.6.4 Telehealth Solutions
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Homecare Agency
9.10.2 Hospice Agency
9.10.3 Private Duty
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Agency Software
10.6.2 Clinical Management System
10.6.3 Hospice Solutions
10.6.4 Telehealth Solutions
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Homecare Agency
10.10.2 Hospice Agency
10.10.3 Private Duty
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Agency Software
11.6.2 Clinical Management System
11.6.3 Hospice Solutions
11.6.4 Telehealth Solutions
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Homecare Agency
11.10.2 Hospice Agency
11.10.3 Private Duty
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Agency Software
12.6.2 Clinical Management System
12.6.3 Hospice Solutions
12.6.4 Telehealth Solutions
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Homecare Agency
12.10.2 Hospice Agency
12.10.3 Private Duty
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Agency Software
13.6.2 Clinical Management System
13.6.3 Hospice Solutions
13.6.4 Telehealth Solutions
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Homecare Agency
13.10.2 Hospice Agency
13.10.3 Private Duty
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Home Healthcare Software and Services Market: Competitive Dashboard
14.2 Global Home Healthcare Software and Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Agfa Healthcare
14.3.2 Allscripts Healthcare Solutions
14.3.3 Athenahealth, Inc.
14.3.4 Cerner Corporation
14.3.5 Carestream Health
14.3.6 Epic
14.3.7 GE Healthcare
14.3.8 McKesson Corporation
14.3.9 MEDITECH
14.3.10 NextGen Healthcare Information System LLC
14.3.11 Siemens Healthcare
