Home Healthcare Software - Product & Service Market

The Global Home Healthcare Software and Service Market is Highly Fragmented with the Few Tier 1 Players and Many Small Players

The key players in the market are Agfa Healthcare (Belgium), Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), Carestream Health, Inc. (U.S.), Epic (U.S.)., GE Healthcare (U.K.),McKesson Corporation (U.S.), MEDITECH (U.S.), NextGen Healthcare Information System LLC (U.S.), Novarad Corporation (U.S.),and Siemens Healthcare (Germany).

McKesson has emerged as the market leader in the global home healthcare software and services market and is likely to maintain its leadership position in the coming years. McKesson entered the healthcare information system market in 1833. McKesson Corporation provides services to both healthcare providers including homecare providers and payers, and is engaged in developing pharmaceutical solutions, information and care management products and services. The company operates through two business segments such as distribution solutions and technology solutions. McKesson’s home care business involves Clinical Management Solution, Agency Management Solutions, consultations and hospice solutions. The company’s home care business has collaborated with many homecare and hospice agencies to provide advanced and real-time technology for patient care. McKesson offers industry, operational, technical and implementation services and support. Some of the popular services are Home Care and Hospice Consulting Services, Home Care and Hospice Information and Support. To gain the maximum market share, the company has been aggressively adopting the strategy of partnerships and collaborations and new product development.

To gain maximum market share, the players are constantly investing in the development of homecare-EMR solutions, electronic point-of-care documentation, and homecare CRM. Further, players are looking forward to deliver homecare software on cloud-based model, and also develop telehealth solutions.

New product launches, coupled with product enhancement was the predominant growth strategy followed by players in this market. Since the healthcare industry has been apprehensive towards adopting IT and technology, vendors are aiming to increase the awareness about their products and offer easy-to-use solutions to healthcare providers. New product launches accounted for a 50% share of the total developments in this market; collaborations, agreements, and partnerships together accounted for the second largest share of 23%. During 2011 to 2014, the industry witnessed 5 different agreements and collaborations between players whereas, 11 new products were launched in the market in the same period. Moreover, mergers and acquisitions will also help in consolidation of the highly fragmented market.

Related Reports:

Home Healthcare Software - Product & Service Market - Application (Clinical, Non - Clinical), Usage (Laptop, Smartphone), Product (Agency, Clinical Management System, Telehealth, Hospice), Delivery (Web - Based, On - Premises, Cloud), End User - Global Forecast to 2018
https://www.marketsandmarkets.com/Market-Reports/home-health-software-market-818.html

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Report Code
HIT 2478
Published ON
May, 2014
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