Global Home Healthcare Software Market: Overview
Home healthcare is a wide segment consisting of various software, products and services which are provided at patients’ home. The trend observed globally is the shift of treatment from hospitals to homes in order to save expenses and gain cost effectiveness. The convenience and cost effectiveness offered by the home healthcare services and treatments over hospital treatment are the driving forces for this market. In the home healthcare market third party service providers are witnessing huge demand for better treatment quality and trained professionals. Asian countries such as Japan, India and China show high demand for home healthcare, as they contain a growing aging population. North America is also showing constant growth in the home healthcare market as reimbursement is offered on specific devices and health policies in the U.S.
Cost & convenience, increasing awareness, rising prevalence of diseases & the growing aging population, technical advancements in healthcare segment and rising incidence of chronic diseases globally are some driving forces for global home healthcare market. Some of the factors restraining the growth of the home healthcare device market include changing nature of reimbursement policies, limited coverage for home healthcare devices, changing technologies and regulatory obstacles for the new era devices. Players in the home healthcare market can seek opportunities in cost efficient devices through strategic aligning and telehealth patient monitoring
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Global Home Healthcare Software Market: Segmentation
Home healthcare therapeutic equipment segment is further segmented into home respiratory therapy equipment (medical ventilators and accessories, medical nebulizer kits and devices, continuous positive airway pressure products and oxygen delivery systems), home IV equipment, home insulin delivery devices, home dialysis equipment, hearing aids market and other home therapeutic equipment. Mobility assist equipment segment is further segmented into wheelchairs and related devices, walking assist devices and home medical furniture.
Home healthcare services market is segment into respiratory therapy services, infusion therapy, unskilled home healthcare and rehabilitation service providers (speech therapy, occupational therapy and physical therapy). On the basis of region, the home healthcare software, product and service market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW).