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Home Healthcare Software Market: Global Industry Analysis and Forecast Till 2025

Future Market Insights has announced the addition of the "Home Healthcare Software Market: Global Industry Analysis and Opportunity Assessment 2015-2025" report to their offering.


London, UK -- (SBWIRE) -- 05/28/2015 -- In the past decade, medical documentation involved paper work which was difficult to maintain and time consuming as well. In order to reduce paper work and provide ease of maintenance of patient record, software were introduced. Supportive care provided in the home by means of specially designed software to monitor patients, record medication history, billing record and physicians visit records is referred as home healthcare software. With technological advancement, home healthcare software such as telehealth solutions and clinical management systems were made available in the market.

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Factors such as increasing demand for information technology (IT) solutions that enable reducing challenges in patient data retrieval, storage and accessibility, government initiatives to reduce burden on home healthcare organizations and growing incidences of chronic diseases worldwide will speed up the home healthcare software adoption and thereby drive the global home healthcare software market towards growth. On the other hand, requirement of computer proficiency in operating home healthcare software, security issues and weak financial support from governments are some of the drivers that are restraining the growth of the global home healthcare software market.Based on the commercially available software products, global home healthcare software market is segmented as follows:

Hospice solutions
Agency software
Telehealth solutions
Clinical management systems

Furthermore, the global home healthcare software market is classified based onusage mode as:

Non clinical homecare solution
Clinical Homecare solution

Based on the delivery mode, the global home healthcare software market is segmented as follows:

Cloud-based software
On-premises software
Web- based software

The major end-uses of this market include:

Private duty
Hospice agencies
Homecare agencies

Cloud based software segment is currently growing at the fastest CAGR due to its offered advantage of data storage and accessibility. Telehealth is the fastest growing product segment among other commercially available home healthcare software products.

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Geographically, the global home healthcare software market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW) regions. At present, North America dominates the global home healthcare software market followed by 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, cheap labor and highly developed information technology sectors in the countries mainly China and India.China and India account for largest population pool in the world. With aging of population in India and China, disease prevalence of chronic disease will be higher which will result in higher patient population and thus demand for home healthcare software will grow in these countries.

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