Home Healthcare Software Market to Reach $6.4B by 2018

The global home healthcare software market is expected to be valued at $6.4 billion by 2018, growing at a compound annual growth rate of 13.4 percent, according to a Markets and Markets report.

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Increasing healthcare costs, aging population, rising numbers of chronic disorders, incentives to reduce readmission and the healthcare provider shortage are all factors contributing to the risk in the market. However, an increasing number of data breach events, service expenses and lack of trained IT professionals are factors working against the market growth, according to the report.

The North American market sector is the largest contributor to the market, and Asia is projected to grow at the highest rate, according to the report.

Additionally, the report identifies Agfa Healthcare, Allscripts Healthcare Solutions, athenahealth, Cerner Corp., Epic and GE Healthcare as some of the major players in the market.

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