Non-Clinical Homecare Software Market Outlook 2030
Non-clinical home healthcare software is also called home health software, which belongs to the broad category of healthcare information technology (HIT). Non-clinical homecare software is an information processing application involving hardware & software. This service can be used to process the storage, retrieval, exchange, and use of healthcare information, data, and knowledge for communication and decision-making. Home health software is designed for hiring family health care providers. Moreover, designed for companies and government entities that track payments from home healthcare providers. Agency software, electronic visit verification, and outcome & assessment information set are the different products of non-clinical homecare software.
COVID-19 Impact Analysis
The global outbreak of COVID-19 leads to an ongoing downturn of the healthcare market. Apart from communities, COVID-19 was equally disastrous for major world economies, especially the healthcare sector. Prominent stakeholders are continuing to adapt their strategies to the rapidly changing situation. COVID-19 is projected to have significant long-term impacts on the healthcare industry. Countries and major players would have to undertake critical healthcare changes until the crisis takes a back seat.
Technological progress, cost containment, and increased access are projected to be an integral part of healthcare reforms in the near future. Digital health and telehealth have taken a front seat in the ongoing outbreak. COVID-19 re-emphasized the importance of remote diagnosis, care, and consultation. Over the past few years, regulatory and behavioral barriers have slowed Telehealth growth. However, since many healthcare providers are currently working on video conferencing and telephone calls, the segment is anticipated to experience growth over the next two years. The social distancing measures also mandated online consultation of patients with moderate symptoms. In addition, it greatly reduced the burden on hospitals already swamped by counts of COVID-19 patients. Medical IoT devices that live at home with patients are now being used for optimizing outpatient treatment and minimizing repeat visits, and these devices can be further used in a crisis situation. The pandemic led to severe resource constraints. This is expected to result in the development of competitive pricing and value-based pricing models, which boosts the growth of the non-clinical homecare software market.
Top Impacting Factors
- Increase in adoption of cloud based software, rise in usage of computing mode of delivery, surge in geriatric population who are not able to go outside, increase in prevalence of chronic diseases, and rise in demand for non-clinical homecare software are the major factors that drive the growth of non-clinical homecare software market.
- In addition, rise in shift towards telehealth technology, increase in usage of smartphones, tablets & laptops, rapid technological advancement in information technology sector, high investment in healthcare sector, surge in demand for easy to use software, and ongoing development by key market players are the factors that fuel the growth of non-clinical homecare software market.
- However, high cost of software and data security concerns hinder the growth of market.
- Contrarily, rise in government support to promote digitization are expected to offer lucrative opportunities for the expansion of the non-clinical homecare software market.
Market Trends
New Product Launches to Flourish the Market
In 2019, Philips announced launch of Cares Aging & Caregiving Service software. This software helps people to aware about diseases and helps in care for geriatric peoples.
In 2018, Change Healthcare announced launch of Dx Gap Advisor. This software helps in home care for people suffering from chronic diseases and help in prevention of chronic diseases.
Key Benefits of the Report
- This study presents the analytical depiction of non-clinical homecare software market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the non-clinical homecare software market share.
- The current market is quantitatively analyzed to highlight the non-clinical homecare software market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Non-clinical Homecare Software Market Report
- Which are the leading players active in the non-clinical homecare software market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What is "non-clinical homecare software"?
- What is "non-clinical homecare software" market prediction in the future?
- Who are the leading global players in the "non-clinical homecare software" market?
- What are the current trends and predicted trends?
- What are the key benefits of the "non-clinical homecare software" market report?
Non-Clinical Homecare Software Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Application |
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 By End User |
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 By Region |
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 Key Market Players | CareVoyant Inc., Cerner Corporation, Siemens Healthcare Private Limited, Kinnser Software, Inc., Thornberry Ltd., Allscripts Healthcare, LLC, Agfa-Gevaert Group, Delta Health Technologies, Inc., Hearst Communications Inc., Novarad, Medical Information Technology, Inc., ComForCare Franchise Systems, Netsmart Technologies, Inc., NXGN Management, LLC |
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