Increasing Geriatric Population May Result In Increased Demand for Home Healthcare Software

Home healthcare software falls under the broad category of healthcare information technology. Healthcare IT is the application of information processing related to both computer software and hardware that deals with sharing, retrieval, storage, and use of healthcare information, data, and knowledge for communication and decision making. Home healthcare is a broad segment consisting of various software, services, and products, which are provided at patients' homes.

Over the years, home healthcare software has become increasingly popular due to the shift of treatment from hospitals to homes to save expenses and achieve cost-effectiveness. With the growing geriatric population worldwide, the demand for home healthcare software is also increasing rapidly. For instance, according to the U.S. Census Bureau, the U.S. population (people aged 65-and-older) is projected to reach 83.7 million in the year 2050. Worldwide, the elderly population is growing at a rate three times faster than the average rate.

Medical problems, such as chronic kidney disease, acute cardiac arrest, osteoarthritis, obesity, coronary artery disease, pulmonary embolism, strokes, heart diseases, and many other serious and even life-threatening ailments, may increase as a result of growing geriatric population. Home healthcare software helps improve the quality of life for people in the elderly population by providing them with personalized services and assistance in carrying out daily activities.

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