The global home healthcare software market was valued at around US$ 3.4 Bn at the end of 2021. The market is projected to register a CAGR of 8.4% and top a valuation of US$ 8.1 Bn by 2032.
“The upsurge in the healthcare IT sector as well as the developing infrastructural facilities is expected to propel the home healthcare software market.”
In order to bolster the efficiency and quality of patient care, the modern healthcare industry is welcoming technological innovations. The leading healthcare establishments and industries are welcoming and accepting technically advanced and novel applications that are proved to be a valuable addition to the current medical contributions.
| Attributes | Details |
|---|---|
| Home Healthcare Software Market Value in 2021 | US$ 3.4 Billion |
| Home Healthcare Software Market Value in 2032 | US$ 8.1 Billion |
| Home Healthcare Software Market CAGR (2022 to 2032) | 8.4% |
Home healthcare software is one of the modern outcomes of the trend of digital healthcare operations. Adoption is growing at a remarkable rate across the healthcare landscape globally. In the upcoming years, the global home healthcare software market is expected to raise fourfold, mainly attributed to the benefits of technological interventions in different healthcare applications.
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The major aspects responsible for the growth of the market are the increasing prevalence of chronic illnesses such as dementia, orthopedic conditions, and Alzheimer’s, as well as the geriatric population, globally, it is estimated to have a significant impact on the demands that are fuelling the growth of the home healthcare software market in the near future. Furthermore, the increasing penetration of smartphones and the growing trend of home healthcare as compared to conventional clinics are also having a noteworthy impact on the market’s growth.
A part of this is the initiatives that are taken by the government authorities and people to avoid the spread of infections that leads to self-quarantine and home isolation activities that significantly uplift the demand for home healthcare software. In situations like this, doctors are able to monitor patients’ health from clinics or hospitals, suggesting efficient treatments for the patients. Thus, this is expected to boost the market growth.
Geographically, the home healthcare software market is distributed into major seven regions –North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa. Among these regions, the North American region dominates the market due to the presence of the major market players and advancements in the IT infrastructure in healthcare services.
Apart from North America, the European market is also anticipated to grow at a rapid pace, owing to the increasing adoption of home health care services, for the treatment of several diseases.
Additionally, the Asia-Pacific market for home healthcare software is anticipated to show rapid growth in the forecast period due to the increase in the number of people that are undergoing therapy in homecare settings and the surge in the cases of same-day surgeries.
Principal Consultant
Some of the key manufacturers operating in the home healthcare software market are GE Healthcare, NextGen Healthcare Information System LLC, MEDITECH, Siemens Healthcare, Agfa Healthcare, Medical Information Technology, Inc. (Meditech), Mckesson Corporation, Cerner Corporation, Allscripts Healthcare Solutions, Inc., and AlayaCare USA, Inc.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 8.4% 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2012 to 2021 |
| Forecast Period | 2022 to 2032 |
| Qualitative Units | Revenue in USD Billion and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segment Covered | Product, Usage, Delivery Mode, End User, Region |
| Region Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel |
| Key Players | GE Healthcare; NextGen Healthcare Information System LLC; MEDITECH; Siemens Healthcare; Agfa Healthcare; Medical Information Technology, Inc. (Meditech); Mckesson Corporation; Cerner Corporation; Allscripts Healthcare Solutions, Inc.; AlayaCare USA, Inc. |
| Customization | Available Upon Request |
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The global medical device technologies market is anticipated to register a CAGR of 8.4% during the forecast period.
GE Healthcare, NextGen Healthcare Information System LLC, MEDITECH, Siemens Healthcare, Agfa Healthcare, Medical Information Technology, Inc. (Meditech), Mckesson Corporation, Cerner Corporation, Allscripts Healthcare Solutions, Inc., and AlayaCare USA, Inc. among others are some prominent home healthcare software market players.
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