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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 11.26 billion | 15% | North America |
| By Product | By Application | By Region |
|---|---|---|
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SCOPE OF THE REPORT
Home Healthcare Software Market Overview
The global home Healthcare Software Market size is expected to grow from USD 3.2 billion in 2020 to USD 11.26 billion by 2029, at a CAGR of 15% during the forecast period.
Home healthcare software represents a contemporary advancement stemming from the ongoing digitalization of healthcare practices. Its adoption is experiencing rapid growth across the global healthcare landscape. Projections indicate a substantial fourfold increase in the global home healthcare software market in the coming years, primarily propelled by the advantageous outcomes facilitated by technological interventions in various healthcare domains.
Key drivers fostering market expansion include the escalating prevalence of chronic ailments like dementia, orthopedic conditions, and Alzheimer’s, alongside the burgeoning geriatric demographic worldwide, which is anticipated to significantly influence demand dynamics and fuel market growth in the foreseeable future. Moreover, the pervasive penetration of smartphones and the burgeoning preference for home-based healthcare over conventional clinical settings are exerting notable impacts on market expansion.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion) |
| Segmentation | By Product, By Application, By Region |
| By Product
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| By Application
 |
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| By Region
 |
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A contributing factor to this trend is the proactive measures undertaken by governmental authorities and individuals to mitigate the spread of infections, prompting activities such as self-quarantine and home isolation, which notably augment the demand for home healthcare software. In such scenarios, healthcare providers can remotely monitor patients’ health status from clinics or hospitals, facilitating efficient treatment interventions and consequently driving market growth.
Additionally, the integration of technology such as telemedicine and remote patient monitoring is catalyzing innovation within the market. These advancements empower home healthcare agencies to remotely monitor patients and deliver timely interventions, thereby potentially enhancing patient outcomes and reducing healthcare expenditures. The incorporation of remote patient monitoring devices such as smart sensors, telehealth platforms, and medical monitoring devices is poised to further stimulate demand for these services on a global scale.
Home Healthcare Software Market Segment Analysis
The home healthcare software market is divided into agency management, clinical management, hospice software solutions and others based on product and service. Hospice Software Solutions are a comprehensive management system for home health and hospice agencies. Employees, payroll, scheduling, referral sources, patients, doctors’ orders, eligibility, electronic visit verification (EVV), accounts receivable, collections, and payers are all managed by it. These programs also provide checks that alert clinicians to all mandatory and vital information needed for visit documentation. The demand for hospice care has recently increased and is expected to rise further in the future as the incidence of fatal diseases such as cancer rises. Cancer Research UK, for example, predicts that the number of cancer patients will rise in the future. According to the report, if current trends in the incidence of major cancers and population growth continue there will be 27.5 million new cancer cases worldwide each year by 2040. This factor is expected to increase the number of hospice care centers, thereby increasing the demand for hospice software solutions. This will assist them in marketing growth.
The bifurcation of global home healthcare software market on the basis of application is clinical and non-clinical. The clinical segment includes homecare-EMR, medication management, electronic point-of-care documentation, and other features such as a physician portal. Non-clinical homecare software, on the other hand, is divided into billing and scheduling, homecare-CRM, accounting, payroll, and others. Non-clinical applications held the largest share of the global home healthcare software and services market in, with clinical applications expected to grow at a faster CAGR during the forecast period.
Home Healthcare Software Market Players
The key market players of home healthcare software market include Agfa Healthcare, Allscripts Healthcare Solutions, Inc., Athenahealth, Inc., Cerner Corporation, Carestream Health, Inc., Epic., GE Healthcare, McKesson Corporation, MEDITECH, NextGen Healthcare Information System LLC, Novarad Corporation and Siemens Healthcare. New strategies such as product launches, enhancements, partnerships, collaborations, and strategic acquisitions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the market.
Who Should Buy? Or Key Stakeholders
- Investors
- Hospitals
- Diagnostic Clinics
- Medical Care Services
- IT Companies
- End User Companies
- Pharmaceuticals Companies
- Research Institutes
- Healthcare
Key Takeaways:
- The global home Healthcare Software Market is expected to grow at a CAGR of 15% during the forecast period.
- Based on products, Hospice Software Solutions is dominating the market.
- Based on application, clinical application is dominating the market.
- North America is expected to dominate the market.
- The Home Healthcare Software Market is experiencing rapid growth driven by increasing demand for remote patient monitoring and electronic health records integration.
Home Healthcare Software Market Regional Analysis
Geographically, the home healthcare software market is segmented into Asia Pacific, South America, Europe, North America and Middle East & Africa (MEA). North America is expected to dominate the market due to improved healthcare infrastructure and a growing geriatric population. The United States has a sophisticated IT infrastructure in healthcare facilities, making it ideal for any type of home healthcare software solution. When compared to developing countries, the demand for such solutions is much higher in the country. The available infrastructural facilities, combined with rising demand, are expected to lead to market expansion overall.
- Asia Pacific: includes China, Japan, South Korea, India, Australia, and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, and Rest of Europe
- North America: includes the US, Canada, Mexico
- South America: Brazil and Rest of South America
- Middle East & Africa: includes Saudi Arabia, South Africa, and Rest of MEA
Key Market Segments: Home Healthcare Software Market
Home Healthcare Software Market by Product, 2020-2029 (USD Million)
- Agency Management
- Clinical Management
- Hospice Software Solutions
- Others
Home Healthcare Software Market by Application, 2020-2029 (USD Million)
- Clinical
- Non-Clinical
Home Healthcare Software Market by Region, 2020-2029 (USD Million)
- Asia Pacific
- Europe
- North America
- South America
- Middle East and Africa
Important Countries in All Regions Are Covered.
Key Question Answered
- What is the current scenario of the global home healthcare software market?
- What are the emerging technologies for the development of home healthcare software market?
- What are the historical size and the present size of the market segments and their future potential?
- What are the major catalysts for the market and their impact during the short, medium, and long terms?
- What are the evolving opportunities for the players in the market?
- Which are the key regions from the investment perspective?
- What are the key strategies being adopted by the major players to up their market shares?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global Home healthcare software Market Outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 On Home healthcare software Market
- Porter’s five forces model
- Threat from new entrants
- Threat from substitutes
- Bargaining power of suppliers
- Bargaining power of customers
- Degree of competition
- Industry value chain Analysis
- Global Home healthcare software Market Outlook
- Global Home healthcare software Market By Product
- Agency Management
- Clinical Management
- Hospice Software Solutions
- Others
- Global Home healthcare software Market By Application
- Clinical
- Non-clinical
- Global Home healthcare software Market By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- South-East Asia
- Rest Of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest Of Middle East and Africa
- North America
- Company Profiles* (Business Overview, Company Snapshot, Products Offered, Recent Developments)
8.1. Agfa Healthcare
8.2. Allscripts Healthcare Solutions
8.3. Athenahealth Inc.
8.4. Cerner Corporation
8.5. Carestream Health Inc.
8.6. Epic
8.7. GE Healthcare
8.8. MEDITECH
8.9. NextGen Healthcare Information System LLC
8.10. Novard Corporation *The Company List Is Indicative
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LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HOME HEALTHCARE SOFTWARE MARKET BY REGION (USD MILLIONS) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â UK HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â UK HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â UAE HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â UAE HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION (USD MILLIONS) 2020-2029
LIST OF FIGURES
Â
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HOME HEALTHCARE SOFTWARE MARKET BY PRODUCT, USD MILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HOME HEALTHCARE SOFTWARE MARKET BY APPLICATION, USD MILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL HOME HEALTHCARE SOFTWARE MARKET BY REGION, USD MILLION, 2020-2029
FIGURE 11          PORTER’S FIVE FORCES MODEL
FIGURE 12Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 13Â Â Â Â Â Â Â Â Â Â AGFA HEALTHCARE: COMPANY SNAPSHOT
FIGURE 14Â Â Â Â Â Â Â Â Â Â ALLSCRIPTS HEALTHCARE SOLUTIONS: COMPANY SNAPSHOT
FIGURE 15Â Â Â Â Â Â Â Â Â Â ATHENAHEALTH INC.: COMPANY SNAPSHOT
FIGURE 16Â Â Â Â Â Â Â Â Â Â CERNER CORPORATION: COMPANY SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â CARESTREAM HEALTH INC.: COMPANY SNAPSHOT
FIGURE 18Â Â Â Â Â Â Â Â Â Â EPIC: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â GE HEALTHCARE: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â MEDITECH: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â NEXTGEN HEALTHCARE INFORMATION SYSTEM LLC: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â NOVARD CORPORATION: COMPANY SNAPSHOT
FAQ
The home healthcare software market size had crossed USD 3.2 Billion in 2020 and will observe a CAGR of more than 15% up to 2029 driven by the increased awareness and technological advancements that lead to cost-effectiveness.
The global home healthcare software market registered a CAGR of 15% from 2022 to 2029. The hospice software solutions segment was the highest revenue contributor to the market.
Non-clinical applications held the largest share of the global home healthcare software and services market in, with clinical applications expected to grow at a faster CAGR during the forecast period.
North America is expected to dominate the market due to improved healthcare infrastructure and a growing geriatric population. The US has a sophisticated IT infrastructure in healthcare facilities, making it ideal for any type of home healthcare software solution.
Growing security concerns, interoperability issues, integration challenges, a lack of IT skills among staff, and a lack of financial support from governments in certain regions are the major bottlenecks to market growth.
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