Posted April 24, 2015 by admin in Press Releases
 
 

Global Industry Analysis and Opportunity Assessment 2015-2025

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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 on usage 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

-Others

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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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