Global Home Healthcare Software Product and Service Markets, 2022-2026DUBLIN, March 3, 2022 / PRNewswire / – The “Home Healthcare Software – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.Research and Markets LogoGlobal Home Healthcare Software Product and Service Market to Reach $ 7 Billion by 2026Amid the COVID-19 crisis, the global market for Home Healthcare – Software Product and Service estimated at US $ 3.2 Billion in the year 2020, is projected to reach a revised size of US $ 7 Billion by 2026, growing at a CAGR of 13.4% over the analysis period. COVID-19 has overwhelmed home healthcare agencies with patients owing to limited access to medical services for treatment of chronic medical conditions, elderly care and post-infection rehabilitation.The combination of COVID-19-induced demand for home care, rising incident of chronic medical conditions and increasing geriatric population is poised to significantly benefit the home healthcare market.Home healthcare software comprises a part of health care information technology, aimed at providing a wide range of home health care services for treatment of various illnesses and injuries. Provision of care in settings other than acute settings is expected to form a critical constituent of healthcare reform, given the surging pressure on spending associated with healthcare across the world.And in support of this, technological developments have resulted in medical equipment that can be used in settings outside acute care. Consumers perceive homecare as a less expensive and more comfortable alternative to institutionalized care. With the focus on preventing hospital-associated infections at an all-time high, healthcare institutions are supporting the homecare trend. Government and health authorities are encouraging homecare in order to reduce the strain on public sector healthcare systems. Against this backdrop, home healthcare software is expected to witness heightened demand during the analysis period.The US Market is Estimated at $ 1.3 Billion in 2021, While China is Forecast to Reach $ 1.2 Billion by 2026Story continuesThe Home Healthcare Software Product and Service market in the US is estimated at US $ 1.3 Billion in the year 2021. Chinathe world`s second largest economy, is forecast to reach a projected market size of US $ 1.2 Billion by the year 2026 trailing a CAGR of 18.8% over the analysis period.Among the other noteworthy geographic markets are Japan spirit Canada, each forecast to grow at 10.5% and 12.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.3% CAGR. While the US is considered the pioneer in home healthcare among developed nations, European countries are also picking up the trend.The number of people undergoing treatment in sub-acute and homecare settings, apart from cases of same day surgery, is on the rise. Also reflecting this trend is the increase in the number of homecare equipment dealers in the region.Key Topics Covered:I. METHODOLOGYII. EXECUTIVE SUMMARY1. MARKET OVERVIEWImpact of Covid-19 and a Looming Global Recession2020: A Year of Disruption & TransformationHow Healthcare Has Been Impacted & Beyond COVID-19 What’s In Store for Healthcare?COVID-19 Highlights Significance of Home HealthcarePandemic Unfolds Opportunities in Disguise for Home Healthcare SoftwareInfluencer Market InsightsWorld Market TrajectoriesHomecare Healthcare Software: A PreludeTypes of Home Healthcare softwareHere’s Why Homecare is Cost EffectiveRecent Market Activity2. FOCUS ON SELECT PLAYERS (Total 133 Featured) Athena Health Care SystemsCARECENTA, INC.Cerner CorporationDelta Health Technologies, Inc.EPIC Home HealthcareMcKesson Medical-Surgical Inc.Medical Information Technology, Inc.Netsmart Technologies, Inc.NXGN Management, LLCSiemens Healthcare GmbHThornberry Ltd.3. MARKET TRENDS & DRIVERSHealthcare IT Seeks Role in Home Care & Direct Primary CareHealthcare IT Market Enjoys Striking Leap Forward with Increasing Influx of IoTTechnology Gets Deeply Ingrained into Latest Trends in Home Healthcare MarketHealthcare Digitization Drive High Uptake of Home Healthcare Software SolutionsPandemic Results in Emergence of New Home Healthcare ModelsSignificance of Healthcare Software Tools Grows as the Pandemic Accelerates Broader Use of TelemedicineTelerehabilitation Gains PaceHome Health Agencies Expands Specialized Care and Telehealth ServicesSoftware Solutions Play an Important Role in Exploiting Big DataCOVID-19 Drives Prominence of Healthcare AnalyticsPandemic Accelerates the Aging-In-Place Trend, Spurring OpportunitiesRise of Home Healthcare for High Acuity PatientsCOVID-19-led Rise of Touch-Less Home Care Underpins Need for Remote Monitoring Software & TechnologiesIntegration of IT systems in the Home Healthcare Sector to Drive GrowthDeveloping Interoperability Gains AttentionAlternative Care Models for Delivery of Healthcare to Alleviate Burden on HospitalsTherapy and Rehabilitation Outside the Hospital SettingsPercentage of Population with Disabilities by Age GroupAging Population A Key Demographic Driver of Growth of Home Healthcare Solutions and ServicesChronic Disease Management & Associated Costs Drive Demand for Home HealthcareRising Prevalence of Chronic Diseases Amplifies the Role of Alternate Care Sites & Highlights the Need for Home Healthcare SolutionsRising Healthcare Costs Accelerates the Shift to Low Cost Alternate Care Sites Including Patient Centered Medical HomesRising Healthcare Costs Outstripping Global GDP Growth Puts Pressure On Health Systems to Bend the Cost CurveOptimization of Consumer Satisfaction and Business Bottom Line through FSM4. GLOBAL MARKET PERSPECTIVEIII. REGIONAL MARKET ANALYSISIV. COMPETITIONFor more information about this report visit https://www.researchandmarkets.com/r/yi3djcMedia Contact:Research and Markets Laura WoodSenior Manager [email protected]For EST Office Hours Call + 1-917-300-0470 For US / CAN Toll Free Call + 1-800-526-8630 For GMT Office Hours Call + 353-1-416-8900US Fax: 646-607-1904 Fax (outside US): + 353-1-481-1716CisionView original content: https: //www.prnewswire.com/news-releases/global-home-healthcare-software-product-and-service-markets-2022-2026—rising-healthcare-costs-accelerates-the- shift-to-low-cost-alternate-care-sites-including-patient-centered-medical-homes-301494929.htmlSOURCE Research and Markets