“Global Nonclinical Homecare Software Market by Manufacturers, Countries, Type and Application, Forecast to 2023 Report “Provides In-Depth Analysis of Parent Market Trends, Macro-Economic Indicators and Governing Factors Along With Market Attractiveness as Per Segments. The market for non-clinical homecare software is growing at a sound pace. The market is expected to grow at the CAGR of 13.5% during the forecast period and is estimated to reach USD 6,408.8 million by 2023.
MarketResearchFuture.com adds “Nonclinical Homecare Software Market – 2018 Global Analysis, Growth, Trends and Opportunities Research Report forecasting to 2023” reports to its database.
Global Nonclinical Homecare Software Market – Overview:
Homecare software is a specifically designed software to manage all the operations in the home care industry. It is an innovative solutions to address home care industry needs. Individuals with some disability and elderly population, who are unable to manage their daily routine activities, are dependent upon home care services provided by reputable homecare agencies. Agency administrators take advantage of home care software to provide quality services, to manage various operational activities, and to automate the workflow. All the functions associated with homecare operations can be done by an integrated software system. Home care & hospice, home care services are initiated in US in the 1880’s. 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 United States. The graying of American population is fueling up the demand for Home care services. It is a diverse and dynamic service industry which includes home healthcare agencies, home care aide organizations, and hospices.
Non-clinical Homecare software is majorly used by Private Home Care Agencies, Hospice Care agencies, Rehabilitation Centers/Therapy Centers, and many others. According to the North American Industry Classification System (NAICS), Non-clinical Homecare service includes nonmedical personal care, day care, social activities, and companionship.
Rise in demand to reduce healthcare costs, increasing aging population, and rising awareness among population are promoting the growth Non-clinical Homecare software market globally. According to WHO, it is estimated that the world’s population aged 60 years and older will nearly double from 12% to 22% by 2050.
Increasing incidence of disabilities is also creating a huge scope for home care industry to provide their services, which ultimately propels the growth of non-clinical home care 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), Hearst Corporation (US)
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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.
Global Nonclinical Homecare Software Market – Competitive Analysis:
ComForCare Health Care Holdings, Inc. (U.S.), Agfa Healthcare (U.S.), Mckesson Corporation (U.S.), General Electric Company (U.K), Siemens Healthcare (Germany), Allscripts (U.S.), Cerner Corporation (U.S.), Hearst Corporation (U.S.) are some of the prominent players at the forefront of competition in the Global Nonclinical Homecare Software Market and are profiled in MRFR Analysis.
With the increasing demands of customers and home care agencies, home care software marketers are shaping up their services accordingly and it is imperative for existing marketers and new entrants to create a software solution which is configurable and easy to access. For instance, CareVoyant Inc. features a complete and comprehensive cloud-based solution for Private Duty home care agencies which covers non-medical personal assistance care.
Along with CareVoyant, some of the companies which majorly operates in this market are; FaterNotes, Allscripts, among others.FasterNotes, Inc. uses the cloud-based servers for home care agencies and private duty agencies.
Netsmart Technologies, Inc., a privately held company acquired by Allscripts Healthcare Solutions, is one of the most widely adopted a software solutions platform. Allscripts Healthcare Solutions has registered an annual revenue of $1.5billion in 2016, out of which Netsmart Technologies, Inc. accounts for $173.361 million.
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Global Nonclinical Homecare Software Market – Regional Analysis:
Considering the global scenario of the nonclinical homecare software market, there are four main regions: America, Europe, Asia Pacific, and the Middle East & Africa. Americas accounts for the largest market owing to the 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 nonclinical 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 contributor in the Europe nonclinical homecare software market. Europe nonclinical homecare software market is expected to grow at a CAGR of 13.8%. 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 nonclinical homecare software market.
The global non-clinical homecare software market is segmented on the basis of application, and end users.
The global non-clinical home care 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.
What makes our report unique?
1) An extensive research study on the Global Nonclinical Homecare Software market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Nonclinical Homecare Software market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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