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Pulished Date July, 2021
ID: 11878
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North America Home Healthcare Software Market Research Report – Segmented By Type of Software, Service, Mode of Delivery and Country (The United States, Canada and Rest of North America) – Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: July, 2021
ID: 11878
Pages: 100

North America Home Healthcare Software Market Size (2021 to 2026)

The size of the North American home healthcare software market is forecasted to be growing at a CAGR of 12.7% from 2021 to 2026.

The geriatric population is growing rapidly, and they mainly depend on constant health care. The overall increase in the geriatric population could have consequences, such as a higher incidence of heart, neurological, orthopedic, and various other problems and chronic and life-threatening diseases. Here home care software comes to the rescue when needed.

The incidence of several chronic diseases increases with age and the prevalence of certain chronic diseases, such as hypertension, asthma, cancer, and diabetes. This disease has increased in older people. Rehabilitation centers and organizations have started providing a way for patients to stay connected to their health information and manage their health and wellness needs through home health care software. As the elderly or geriatric population increases in the North American region, the adoption rate of home care software is also expected to grow and drive the market during the forecast period.

Rising additional cash levels, expanding requirements for reasonable healthcare transportation frameworks, and developing home healthcare organizations in this area will boost the market for healthcare software products and services. Technologies that are changing the face of the home medical software market integrate cloud computing software, mobile medical applications, telemedicine, and business analysis tools. Adopting these technologies has improved the quality of home care and reduced the cost of implementing IT solutions for home care. In addition, home care market companies can seek profitable device opportunities through strategic alignment and remote patient monitoring.

Some of the factors that are expected to hamper the growth rate of the North American home healthcare device market include unfavorable reimbursement policies, limited coverage for home healthcare devices and assistances, changing technologies, and regulatory obstacles for the newer devices.

Impact of COVID-19 on the North American home healthcare software market:

The global COVID-19 pandemic increases the demand for home care software due to the government's focus on people infected with the coronavirus. Additionally, initiatives by individuals and government authorities to reduce corona spread are leading to home isolation and self-quarantine activities that dramatically increase the demand for home care software where physicians can monitor remotely from clinics or hospitals and suggest effective treatments to patients.

This research report on the North American home healthcare software Market has been segmented and sub-segmented into the following categories:

By Type of Software:

  • Agency Management
  • Clinical Management
  • Hospice Software Solutions
  • Other Software

By Service:

  • Rehabilitation
  • Infusion Therapy
  • Respiratory Therapy
  • Pregnancy Care
  • Skilled Nursing
  • Others

By Mode of Delivery:

  • Cloud-Based Software
  • On-Premises Software
  • Others

By Country:

  • The United States
  • Canada
  • Rest of North America

Geographically North America is the dominant market region with the largest share of the global home healthcare software market, as the countries in the region are the first to adopt the technology, environment, and well-developed infrastructure and stable computer technology make it a dominant region to provide better technology for home health care services to its Internet users. In addition, the US government is increasingly taking initiatives to reduce hospital readmissions in the country. As a result, the United States had more than 12,250 functioning home health agencies to advance home health care in 2017.

According to the American Home Care Association, about $ 44.9 billion or 75% of funding for home care supplies comes from government programs. According to statistics, about 50.3% of women are likely to have more than three serious chronic diseases compared to men with over 38.5%. According to the National Association for Home Care and Hospices statistics, nearly 12.9 million people receive home care from more than 33,500 service providers. According to statistics from the Home Care Association of America, nearly 75% of people over 65 will need home health care at some point. With the development of a mature population, the specialized advancements in the healthcare section are moving the global home healthcare software market - general products and services. In any case, the changing evolutions and the administrative inconveniences of the new devices of time will control the evolution of the market.

KEY MARKET PARTICIPANTS:

Companies such as Allscripts Healthcare Solutions, Carestream Health, GE Healthcare, NextGen Healthcare Information System LLC, Siemens Healthcare, Novarad Corporation, MEDITECH, Cerner Corporation, Agfa Healthcare, WellSky, Medical Information Technology, Inc. (Meditech), and Continulink are expected to lead the North American home healthcare software market during the forecast period.

  1. Introduction                                                          
    1. Market Definition                                               
    2. Scope of the report                                            
    3. Study Assumptions                                            
    4. Base Currency, Base Year and Forecast Periods                                                     
  2. Research Methodology                                                                    
    1. Analysis Design                                                   
    2. Research Phases                                                 
      1. Secondary Research                                       
      2. Primary Research                              
      3. Data Modelling                                 
      4. Expert Validation                              
    3. Study Timeline                                                    
  3. Report Overview                                                                 
    1. Executive Summary                                           
    2. Key Inferences                                                  
  4. Market Dynamics                                                                
    1. Impact Analysis                                                   
      1. Drivers                                  
      2. Restraints                              
      3. Opportunities                                    
    2. Regulatory Environment                                                  
    3. Technology Timeline & Recent Trends                                                      
  5. Competitor Benchmarking Analysis                                                             
    1. Key Player Benchmarking                                                
      1. Market share analysis                                    
      2. Products/Service                              
      3. Regional Presence                            
    2. Mergers & Acquisition Landscape                                                
    3. Joint Ventures & Collaborations                                                  
  6. Market Segmentation                                                                       
    1. Home Healthcare Software Market, By Type of Software
      1. Agency Management
      2. Clinical Management
      3. Hospice Software Solutions
      4. Other Software
      5. Market Size Estimations & Forecasts (2021-2026)                               
      6. Y-o-Y Growth Rate Analysis                                         
      7. Market Attractiveness Index                                       
    2. Home Healthcare Software Market, By Service
      1. Rehabilitation
      2. Infusion Therapy
      3. Respiratory Therapy
      4. Pregnancy Care
      5. Skilled Nursing
      6. Others
      7.          Market Size Estimations & Forecasts (2021-2026)                               
      8. Y-o-Y Growth Rate Analysis                                         
      9. Market Attractiveness Index               
    3. Home Healthcare Software Market, By Mode of Delivery
      1. Cloud-Based Software
      2. On-Premises Software
      3. Others
      4. Market Size Estimations & Forecasts (2021-2026)                               
      5. Y-o-Y Growth Rate Analysis                                         
      6. Market Attractiveness Index                                       
  7. Geographical Landscape                                                                  
    1. Home Healthcare Software Market, by Region                                            
    2. North America - Market Analysis (2021 to 2026)                                                      
      1. By Country                                         
        1. USA                      
        2. Canada               
        3. Rest of North America
  8. Key Player Analysis                                                             
    1. Allscripts Healthcare Solutions
      1. Business Description                                      
      2. Products/Service                              
      3. Financials                             
      4. SWOT Analysis                                  
      5. Recent Developments                                    
      6. Analyst Overview                              
    2. Carestream Health
    3. GE Healthcare
    4. NextGen Healthcare Information System LLC
    5. Siemens Healthcare
    6. Novarad Corporation
    7. MEDITECH
    8. Cerner Corporation
    9. Agfa Healthcare
    10. WellSky
    11. Medical Information Technology, Inc. (Meditech)
    12. Continulink
  9. Market Outlook & Investment Opportunities                                                          
  10. Appendix                                                                    
    1. List of Tables
    2. List of Figures
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of type of software, service and mode of delivery along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major comp   anies.   
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. North America Home Healthcare Software Market, By Type of Software, From 2021 to 2026 (USD Billion)
  2. North America Agency Management Market, By Region, From 2021 to 2026 (USD Billion)
  3. North America Clinical Management Market, By Region, From 2021 to 2026 (USD Billion)
  4. North America Hospice Software Solutions Market, By Region, From 2021 to 2026 (USD Billion)
  5. North America Other Software Market, By Region, From 2021 to 2026 (USD Billion)
  6. North America Home Healthcare Software Market, By Service, From 2021 to 2026 (USD Billion)
  7. North America Rehabilitation Market, By Region, From 2021 to 2026 (USD Billion)
  8. North America Infusion Therapy Market, By Region, From 2021 to 2026 (USD Billion)
  9. North America Respiratory Therapy Market, By Region, From 2021 to 2026 (USD Billion)
  10. North America Pregnancy Care Market, By Region, From 2021 to 2026 (USD Billion)
  11. North America Skilled Nursing Market, By Region, From 2021 to 2026 (USD Billion)
  12. North America Others Market, By Region, From 2021 to 2026 (USD Billion)
  13. North America Home Healthcare Software Market, By Mode of Delivery, From 2021 to 2026 (USD Billion)
  14. North America Cloud-Based Software Market, By Region, From 2021 to 2026 (USD Billion)
  15. North America On-Premises Software Market, By Region, From 2021 to 2026 (USD Billion)
  16. North America Others Market, By Region, From 2021 to 2026 (USD Billion)
  17. United States Home Healthcare Software Market, By Type of Software, From 2021 to 2026 (USD Billion)
  18. United States Home Healthcare Software Market, By Service, From 2021 to 2026 (USD Billion)
  19. United States Home Healthcare Software Market, By Mode of Delivery, From 2021 to 2026 (USD Billion)
  20. Canada Home Healthcare Software Market, By Type of Software, From 2021 to 2026 (USD Billion)
  21. Canada Home Healthcare Software Market, By Service, From 2021 to 2026 (USD Billion)
  22. Canada Home Healthcare Software Market, By Mode of Delivery, From 2021 to 2026 (USD Billion)

 

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