Global Non-Clinical Homecare Software Market By Product, Application, End-Use, Geography – Industry Trends & Forecast to 2026
Market Analysis: Global Non-Clinical Homecare Software Market
Global Non-Clinical Homecare Software Market is expected to rise from its initial estimated value of USD 3.28 billion to an estimated value of USD 9.41 billion by 2026, registering a CAGR of 14.07% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in the number of population suffering from chronic diseases.
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Market Definition: Global Non-Clinical Homecare Software Market
Non-clinical homecare software are specifically designed for supporting technological services that are designed for managing and assisting individuals in homecare, assisted living and independent living centers. These software services provide assistance to not just patients but to physicians and healthcare providers helping them manage their workflow and increase their efficiency. Market Drivers
• Rise in the levels of geriatric population resulting in a rise of demand for the product; this factor is expected to drive the market growth
• Increasing per capita income of the individuals fueling the expenditure incurred on healthcare of individuals is expected to positively affect the growth of the market
Market Restraints
• High cost associated with the software technology and concerns regarding the privacy of information amid data theft concerns is expected to restrain the growth of the market
• Lack of technically skilled workforce is expected to restrain the growth of the market
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Segmentation: Global Non-Clinical Homecare Software Market
By Application
• Agency Systems
o Billing, Invoicing & Scheduling
o Homecare Accounting System
o Personnel Management System & Payroll
• Non-Clinical Health Management Systems
• Telehealth Systems
• Others
By End-Users
• Private Home Care Agency
• Rehabilitation Centers/Therapy Centers
• Hospice Care
• Others
Key Developments in the Market:
• In December 2018, Netsmart Technologies, Inc. announced that share held by Allscripts Healthcare Solutions, Inc. in their organization had been agreed to be bought off by GI Partners and TA Associates. This acquisition will further increase the finance capabilities of Netsmart Technologies and establish them as a leader in healthcare services provision
• In October 2016, Netsmart Technologies, Inc. announced that they had acquired HealthMEDX, thereby resulting in a wider portfolio of software services for long-term and post-acute care. HealthMEDX serves various homecare facilities, independent care centers, and home-based healthcare providers. This acquisition will result in connectivity of healthcare information between various government authorities and healthcare providers
Competitive Analysis: Global Non-Clinical Homecare Software Market
Global non-clinical homecare software market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of non-clinical homecare software market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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