Non-clinical homecare software is the most evolving and cutting-edge technology in the healthcare industry developed in the recent years. Only decade ago, medical documentation was not only difficult to maintain, but also time consuming. It involved a lot of paper work to maintain patient and clinical records. Nonclinical healthcare software helps to manage the individuals with some disability and elderly population, who are unable to manage their daily routine activities. As per the 2016 statistics suggested by the WHO, it was found that 15% of the world’s population was dealing with some form of disability. The major driving factors for the growth of the market are increasing prevalence of different chronic diseases procedures, rising geriatric population, increasing per capita income and healthcare expenditure. Moreover, upsurge in the demand for home based solutions and government support have provided push for the growth of the market. On the other hand, data security concerns, and scarcity of skilled professionals of the non-clinical homecare software may restrain the growth of the market.
The global non-clinical homecare software market is growing continuously and expected to grow at a CAGR of 13.5% from 2017 to 2023
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Major players in Non-clinical homecare software market
Some of the major players in this market are: ComForCare Health Care Holdings, Inc. (US), Agfa Healthcare (US), Mckesson Corporation (US), General Electric Company (UK), Siemens Healthcare (Germany), Allscripts (US), Cerner Corporation (US), and Hearst Corporation (US).
Considering the global scenario of the nonclinical homecare software market, there are four main regions: America, Europe, Asia Pacific, and the Middle East & Africa.
America accounts for the largest market, owing to huge geriatric population, increasing prevalence of chronic diseases, well-developed healthcare sector, and high healthcare spending. America consists of two regions namely, North America and South America. North America is the major market share holder owing to increasing adoption of home based solutions and high per capita income of the people in this region.
Europe commands the second largest market share in global non-clinical homecare software. Some major factors that attribute the growth of Europe nonclinical homecare software market are, huge geriatric population, well-developed healthcare facilities, and high healthcare expenditure. Germany, UK and France are the major contributors in the European market. Europe non-clinical homecare software market is expected to grow at a CAGR of 13.8% from 2017 to 2023.
Asia Pacific is the fastest growing market. Improving healthcare sector, rapidly growing economies, presence of huge population, and opportunities for the development of the market have driven the growth for this market in Asia Pacific. Whereas, the Middle East & Africa accounts for the lowest share in the global non-clinical homecare software market.
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- Agency systems segment accounted for the largest market share in the global nonclinical homecare software market, by application and is expected to grow at a CAGR of 13.8 % during the forecast period.
- Telehealth systems is the fastest growing segment by application market share in 2016. The market of telehealth systems is expected to growth at a CAGR of 13.9% during 2016-2023.
- On the basis of end user, private home care agency segment has accounted for the largest market share of 34% in the global non-clinical homecare software market.
- The Americas non-clinical homecare software market is expected to reach USD 2,521.3 million by 2023.
The global non-clinical homecare software market is segmented on the basis of application and end user.
The global non-clinical homecare software market, by application is segmented into agency systems, non-clinical health management systems, telehealth systems, and others. The agency system is further classified into billing, invoicing & scheduling, homecare accounting system, personnel management system & payroll, and others.
On the basis of end user, the market is segmented into private home care agency, rehabilitation centers/therapy centers, hospice care, and others.
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Homecare software is a specifically designed software to manage all the operations in the homecare industry. Individuals with some disability and elderly population, who are unable to manage their daily routine activities, are dependent upon homecare services provided by well-known homecare agencies. Agency administrators take advantage of home care software to provide quality services, to manage various operational activities, and to automate the workflow. According to the Centers for Disease Control and Prevention, it is reported that in 2014, nearly 12,400 home health agencies were running and around 4.9 million individuals received home care services in the U. S.. The global nonclinical homecare software market is majorly driven byincreasing prevalence of chronic diseases for instance, lung cancer, cardiovascular diseases, and others, increasing number of healthcare agencies procedures, and increasing demand for home healthcare. According to the WHO (World Health Organization), in 2015, 1.8 million people across the globe were suffering from lung cancer. Increasing geriatric population and healthcare expenditure have boosted market growth. Moreover, changing environmental condition and increasing per capita income have fuelled the growth of the market over the review period. However, high cost of the software, data security concerns, and limited availability of skilled professionals may slow the growth of the market
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