A new study by Transparency Market Research (TMR), titled “Home Healthcare Software - Product & Service Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2016 - 2024,” states that the rapid growth in the geriatric population across the world is the key driving force behind the rise of the worldwide home healthcare software market. The increasing need for home healthcare solutions for the better care of elderly people has boosted demand for these software significantly.
Apart from this, technical advancements in home healthcare solutions are also fueling the demand for this software substantially in the global arena. The trend is expected to continue in the coming years. Over the forecast period, the global market for home healthcare software is likely to register remarkable growth on account of the cost-efficiency, ease of utilization, and effectiveness offered by these software. The rising awareness regarding individual healthcare among people is also expected to propel this market in the coming years, states the report.
In this research study, analysts have evaluated the global market for home healthcare software on three fronts: Service, equipment, and the regional spread of this market. Based on the service, the market has been categorized into unskilled home healthcare services, respiratory therapy, infusion therapy, and rehabilitation services such as occupational therapy, speech therapy, and physical therapy. The infusion therapy segment is likely to register growth at a positive rate during the forecast period.
By equipment, the report has classified the home healthcare software market into therapeutic equipment software, monitoring equipment software, and mobility assistance equipment software.
Software used in advanced medical ventilators and accessories, oxygen delivery systems, continuous positive airway pressure products, and other home therapeutic equipment are the major software available in this market. Software used in diabetes care devices, at home pregnancy/fertility tests, heart rate meters, and home patient monitors are some of the key monitoring equipment software used for home healthcare.
Asia Pacific, North America, Europe, and the Rest of the World have been identified as the key regional markets for home healthcare software in the research study.
B. Braun Melsungen AG, C.R. Bard Inc., Convatec Inc., Coloplast A/S, Apria Healthcare Group Inc., Gentiva Health Services Inc., Invacare Corp., Eli Lilly and Co., GE Healthcare, Sunrise Medical Inc., Abbott Laboratories, Teleflex Inc., Covidien Plc., Baxter International Inc., Philips Healthcare, Bayer AG, Novo Nordisk, Medtronic Inc., Siemens Healthcare, and Fresenius SE & Co KGaA are the major participants in the global home healthcare software market, states the research report.