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One of the primary factors driving the home care software market growth is the increased use of home healthcare solutions and the need for home agency management worldwide. Person-centered care, compliance, standard resource utilization, and optimizing care delivery accelerate the market growth.
The home care providers that focus on increasingly diversifying their services to cover a broader range of home care funding categories also influence the market. For instance,
Furthermore, rapid growth in the elderly population and increased research and development activities by home care software providers in regions such as North America and Europe all benefit the home care software market.
The COVID-19 pandemic has put significant strain on the economy in a variety of ways. It has also moved its attention to the digital economy. COVID-19 positively impacted the global home care software market, owing to more seniors and individuals adopting in-home care instead of nursing homes. For instance, according to the smart care software survey, 66% of nursing homes closed by the end of 2021 due to Covid-19 costs.
The report will cover the following key insights:
Cloud-Based Deployment to Boost the Market Growth:
Streamlined workflows, reduced travel time, managed care coordination, and complex web-based scheduling with a cloud-based system help to increase home care business operations and propel the cloud-based home care software market.
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North America is expected to hold a major market share in the home care software market due to increased investment in R&D in innovative technical solutions and increasing prevalence of chronic diseases, high healthcare costs, high disposable incomes, a growing overall geriatric population, high disposable incomes, and excellent healthcare infrastructure. Additionally, major key regional providers, such as Axiscare, Alora Home Health, Axxess Home Health, and Caretime, are launching advanced tools to improve their market share among home care software providers in the region. For instance,
Key home care software market players include Alora Healthcare Systems, Inc., SmartCare Software, Alfred, Napier iLTC, Wizart, Axxess, ClearCare, AlayaCare, Brightree Home Health, MatrixCare, Alora Home Health, muUnity, WellSky, KanTime, firstHomeCare, CareAcademy, and others.
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