[304 Pages Report] The global long-term care software market size is estimated to be valued at US$ 3,877 Mn in 2022 and is anticipated to surpass US$ 10,988 Mn by 2032, with a CAGR of 11% during the forecast period (2022-2032).
| Report Attribute | Details |
|---|---|
| Long-term Care Software Market Value (2022) | US$ 3,877 million |
| Long-term Care Software Market Anticipated Forecast Value (2032) | US$ 10,988 million |
| Long-term Care Software Market Projected Growth Rate (2022-2032) | 11% |
The long-term care software market share is anticipated to be driven by increasing elderly population.
Furthermore, the sales of long-term care software are projected to grow in hospitals, home care settings, nursing homes, and other healthcare delivery settings.
Long-term care software is a technical service or solution that is utilized to address the clinical and non-clinical demands of patients and healthcare professionals. Due to these factors the demand for long-term care software is anticipated to grow during the forecast period.
The long-term care software programs make operating healthcare facilities simpler and more effective, which lowers healthcare expenses and improves efficiency.
The vital factor accelerating the demand for long-term care software is the rise in chronically ill patients as a result of the aging population.
Other factors propelling the demand for long-term care software include the need for lower healthcare costs, more nursing staff and doctors, more healthcare reforms and government initiatives.
Furthermore, the long-term care software market size is projected to grow due to the aging population, and the rising shortage of skilled staff and professionals for the provision of proper healthcare services.
Additionally, the industry is seeing increased remote patient monitoring, and the long-term care software market is expected to see increased demand for cloud-based software throughout the anticipated period of 2022–2032.
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The demand for long-term care software is expanding as a result of the digitalization of healthcare technologies. The long-term care software market's primary growth drivers include changing healthcare infrastructure, a staffing shortage, and the use of technological solutions in healthcare institutions.
The sales of long-term care software are also expanding due to a shortage of healthcare professionals and various efforts made by governments around the world to lower medical costs.
In addition, the rising use of mobile devices in healthcare organizations and the rise in the number of healthcare organizations are the major drivers of the long-term care software market expansion.
Due to advancements in the effectiveness and safety of drug treatment over the past few years, long-term care software has attracted a great deal of attention.
The primary reason driving the increase in demand for long-term care software is the growing requirement for healthcare IT solutions to boost long-term care facilities' operational effectiveness.
The long-term care software market outlook is expanding due to numerous government initiatives taken by governments around the world to reduce the rising expense of healthcare.
Applications of long-term care software, such the long-term care software, can manage remote patient video conferencing, scheduling, and messaging, analyze millions of data records, and swiftly identify possible difficulties before they become problems.
The primary factor that could hinder the growth of the long-term care software market in the near future is the high cost of software maintenance.
Furthermore, another possible challenge impeding the growth of the long-term care software industry in the near future is the resistance of the traditional long-term care providers to adopt new software.
Due to the widespread use of long-term care software in this region, North America dominates the global long-term care software market with a share of 30.0%.
Due to the healthcare sector's rapid development and the widespread use of web-based and cloud-based long-term care software in developing nations, Europe is one of the regions with the highest expectations for growth in the long-term care software market.
Europe is anticipated to hold 19.7% of the overall long-term care software market share. Due to the healthcare industry's rapid infrastructure development, Europe's long-term care software market is anticipated to increase its share significantly throughout 2032.
Additionally, due to government initiatives in the healthcare sector by emerging economies like India, China, and Japan, APAC is anticipated to have the greatest growth in the long-term care software market.
The National Institute on Aging (NIA) supports and assists in undertaking research on aging, as well as the health and wellbeing of senior citizens.
The National Association of States United for Aging and Disabilities (NASUAD), the Long-Term Care Choices Navigator in Minnesota, the Massachusetts Department of Elder Affairs, and the Georgia Department of Human Services (DHS) Division of Aging Services are just a few of the state-level initiatives.
Due to the advancement of digital technologies and the rising use of mobile devices in the region's healthcare industry, the long-term care software market in Latin America and MEA is anticipated to experience rapid expansion over the next years.
Principal Consultant
Allscripts Healthcare Solutions, Inc., Cerner Solutions, Omnicare, Inc., Omnicell, Inc., HealthMEDX, LLC, McKesson Corporation, Optimus EMR, Inc., PointClickCare, MatrixCare, and SigmaCare are some of the key players in long-term care software market.
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 11% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2014-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The global long-term care software market is set to advance at a CAGR of 11% from 2022 to 2032.
North America is anticipated to hold a long-term care software market share of 30%.
The long-term care software market is likely to account for US$ 10,988 Mn by 2032.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Delivery Mode
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) Analysis By Delivery Mode, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Delivery Mode, 2022-2032
5.3.1. On-premise
5.3.2. Cloud-based
5.4. Y-o-Y Growth Trend Analysis By Delivery Mode, 2017-2021
5.5. Absolute $ Opportunity Analysis By Delivery Mode, 2022-2032
6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By End-users
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) Analysis By End-users, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By End-users, 2022-2032
6.3.1. Home Healthcare Agencies
6.3.2. Nursing Homes
6.3.3. Hospice Care Facilities Provider
6.4. Y-o-Y Growth Trend Analysis By End-users, 2017-2021
6.5. Absolute $ Opportunity Analysis By End-users, 2022-2032
7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021
7.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country
8.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
8.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
8.2.1. By Country
8.2.1.1. U.K.
8.2.1.2. Canada
8.2.2. By Delivery Mode
8.2.3. By End-users
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Delivery Mode
8.3.3. By End-users
8.4. Key Takeaways
9. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Delivery Mode
9.2.3. By End-users
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Delivery Mode
9.3.3. By End-users
9.4. Key Takeaways
10. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. U.K.
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Delivery Mode
10.2.3. By End-users
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Delivery Mode
10.3.3. By End-users
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Malaysia
11.2.1.5. Singapore
11.2.1.6. Australia
11.2.1.7. Rest of Asia Pacific
11.2.2. By Delivery Mode
11.2.3. By End-users
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Delivery Mode
11.3.3. By End-users
11.4. Key Takeaways
12. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Delivery Mode
12.2.3. By End-users
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Delivery Mode
12.3.3. By End-users
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. U.K.
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2021
13.1.2.1. By Delivery Mode
13.1.2.2. By End-users
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2021
13.2.2.1. By Delivery Mode
13.2.2.2. By End-users
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2021
13.3.2.1. By Delivery Mode
13.3.2.2. By End-users
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2021
13.4.2.1. By Delivery Mode
13.4.2.2. By End-users
13.5. Rest of Latin America
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2021
13.5.2.1. By Delivery Mode
13.5.2.2. By End-users
13.6. Germany
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2021
13.6.2.1. By Delivery Mode
13.6.2.2. By End-users
13.7. U.K.
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2021
13.7.2.1. By Delivery Mode
13.7.2.2. By End-users
13.8. France
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2021
13.8.2.1. By Delivery Mode
13.8.2.2. By End-users
13.9. Spain
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2021
13.9.2.1. By Delivery Mode
13.9.2.2. By End-users
13.10. Italy
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2021
13.10.2.1. By Delivery Mode
13.10.2.2. By End-users
13.11. Rest of Europe
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2021
13.11.2.1. By Delivery Mode
13.11.2.2. By End-users
13.12. China
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2021
13.12.2.1. By Delivery Mode
13.12.2.2. By End-users
13.13. Japan
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2021
13.13.2.1. By Delivery Mode
13.13.2.2. By End-users
13.14. South Korea
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2021
13.14.2.1. By Delivery Mode
13.14.2.2. By End-users
13.15. Malaysia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2021
13.15.2.1. By Delivery Mode
13.15.2.2. By End-users
13.16. Singapore
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2021
13.16.2.1. By Delivery Mode
13.16.2.2. By End-users
13.17. Australia
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2021
13.17.2.1. By Delivery Mode
13.17.2.2. By End-users
13.18. Rest of Asia Pacific
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2021
13.18.2.1. By Delivery Mode
13.18.2.2. By End-users
13.19. GCC Countries
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2021
13.19.2.1. By Delivery Mode
13.19.2.2. By End-users
13.20. South Africa
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2021
13.20.2.1. By Delivery Mode
13.20.2.2. By End-users
13.21. Israel
13.21.1. Pricing Analysis
13.21.2. Market Share Analysis, 2021
13.21.2.1. By Delivery Mode
13.21.2.2. By End-users
13.22. Rest of MEA
13.22.1. Pricing Analysis
13.22.2. Market Share Analysis, 2021
13.22.2.1. By Delivery Mode
13.22.2.2. By End-users
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Delivery Mode
14.3.3. By End-users
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Allscripts Healthcare Solutions, Inc.
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.2. Cerner Solutions
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.3. Omnicare, Inc.
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.4. Omnicell, Inc.
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.5. HealthMEDX, LLC
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.6. McKesson Corporation
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.7. Optimus EMR
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.8. PointClickCare
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.9. MatrixCare
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.10. SigmaCare
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Long-term Care Software Market
