OT Software Business Expected to See Continue Growth

0

Healthcare managers and executives who utilize software such as electronic health records and electronic billing technology for occupational therapy-related services can expect to see a healthy competitive growth in this market sector, according to new research. The recently released report “Global Occupational Therapy Software Market” projects that the industry could reach about $995 million in business globally by the year 2022. Evidence gathered that points to this expected increased growth includes projections of continued profitability among software manufacturers and companies, a trend that has been standard in recent years for this industry despite slow growth in other business sectors, according to the research, and the expectation of continued advancements of available digital software. The new research centers around monetary and ecological variables among a host of business that were analyzed for the report, and the analysis reportedly employed SWOT analytics, a strategic planning technique used to help organizations identify strengths, weaknesses, opportunities, and threats related to business competition or project planning. Similarly, the analytical approach known as Porter’s Five Forces Framework, a tool for analyzing the competition of a business that draws from industrial organization economics to derive “forces” that determine the competitive intensity and, therefore, the attractiveness of an industry in terms of its profitability, is said to have been a beneficial undertaking in the data collection. The continued expanding role of occupational therapists (OTs) in the healthcare industry is cited as evidence for the anticipated growth of this market segment. As awareness of preventative care and better mental healthcare services increases globally, OTs are becoming more involved in care plans for the treatment of mental health conditions that impact activities of daily living. The OT’s role in assisting children who live with various disabilities in becoming more functional in school and other social situations is also among the evidence that suggests expanded utilization of their clinical skills, and thus positive projections for this market, according to the researchers. A copy of the report can be ordered online.

Share.

329 words

About Author

Joe Darrah

Joe Darrah is a freelance author based in the Philadelphia region who has been covering the healthcare field since 2004. He may be reached at jdarrah17@yahoo.com.

Leave A Reply

Log in or register to comment on this article.