Dallas, TX -- (ReleaseWire) -- 06/19/2014 -- The “Home Healthcare Software - Product & Service Market - Application (Clinical, Non - Clinical), Usage (Laptop, Smartphone), Product (Agency, Clinical Management System, Telehealth, Hospice), Delivery (Web - Based, On - Premises, Cloud), End User - Global Forecast to 2018” provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the global home healthcare software and services market along with the estimates and forecasts of the revenue and share analysis.
Browse 81 market data tables 33 figures spread through 230 pages and in-depth TOC on “Home Healthcare Software - Product & Service”.
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The global home healthcare software market is estimated to reach $6.4 billion by 2018, at a CAGR of 13.4% between 2013 and 2018. The market will be driven by skyrocketing healthcare cost, spiralling aging population that increases the incidences of chronic disorders, hospital readmission reduction program by U.S., shortage of nursing and doctors staff, OASIS documentation, and favorable government initiatives. However, rising incidences of data breach and loss of confidentiality, high maintenance and service expenses, and shortage of trained IT professionals are the factors that will hinder the market growth.
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The technologies that changed the face of home healthcare software market are cloud computing, mobile health applications, telehealth, business analytical tools and integration of homecare software. The adoption of these technologies has resulted in the enhancement of quality care at home and lowered down the cost incurred in implementing homecare IT solutions.
Cloud computing mode of delivery of home healthcare software, robust adoption of smartphones, tablets, and PDA will elicit the demand of this software in coming years.
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Geographic analysis reveals that North America is the largest contributor to the global home healthcare software market while Asia is expected to grow at the highest rate. Asia (China, India, and South Korea), Middle East (Saudi Arabia, Qatar), and Latin America (Brazil) are also poised to grow at double-digit CAGRs in the coming years.
The key players in the market are Agfa Healthcare (Belgium), Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), Carestream Health, Inc. (U.S.), Epic (U.S.)., GE Healthcare (U.K.), McKesson Corporation (U.S.), MEDITECH (U.S.), NextGen Healthcare Information System LLC (U.S.), Novarad Corporation (U.S.), and Siemens Healthcare (Germany).
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