Long Term Care Software Global Market Report 2024

Description

“Long Term Care Software Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on long term care software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for long term care software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The long term care software market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: Clinical Software; Non-Clinical Solutions
2) By Deployment Type: Web-Based; On-Premises; Cloud-Based
3) By End-User: Home Healthcare Agencies; Hospice Care Facilities; Nursing Homes And Assisted Living Facilities
Companies Mentioned: McKesson Corporation; Optimus EMR Inc.; PointClickCare Corp.; Matrixcare Inc.; Allscripts Healthcare Solutions Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Long-term care software serves as a comprehensive tool for managing workflows, data, tracking, and administration within long-term care facilities. It facilitates efficient coordination among patients, staff, and administrators, offering insightful analytics and streamlined communication.

The primary products of long-term care software consist of clinical software and non-clinical solutions. Clinical software encompasses services such as electronic health records, e-prescribing, clinical decision support systems, and other related functionalities. These software solutions are deployed through various methods, including web-based, on-premises, and cloud-based approaches. They find application in diverse care settings such as home healthcare agencies, hospice care facilities, nursing homes, and assisted living facilities.

The long term care software market research report is one of a series of new reports from The Business Research Company that provides long term care software market statistics, including long term care software industry global market size, regional shares, competitors with long term care software market share, detailed long term care software market segments, market trends, and opportunities, and any further data you may need to thrive in the long term care software industry. This long term care software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The long term care software market size has grown rapidly in recent years. It will grow from $4.32 billion in 2023 to $4.84 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth observed in the historical period can be attributed to factors such as aging population dynamics, regulatory compliance requirements, the increase in healthcare costs, the integration of electronic health records (EHR), and a heightened focus on patient-centric care.

The long term care software market size is expected to see rapid growth in the next few years. It will grow to $7.89 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The anticipated growth in the forecast period can be attributed to factors such as rising consumer expectations, the integration of telehealth services, interoperability requirements, the increased prevalence of home-based care, and growing concerns about data security and privacy. Major trends expected in the forecast period include the adoption of person-centered care approaches, compliance with regulatory standards, the implementation of enhanced data security measures, the seamless integration of telehealth services, and the development of tools to promote patient and family engagement.

The growth of the long-term care software market is expected to be propelled by the increasing number of healthcare organizations. Healthcare organizations (HCOs), which are legal entities influencing the prescription, order, supply, utilization, and sale of medical technologies or related services, are utilizing long-term care software services for secure patient data exchange, improved patient outcomes, faster treatment, multidevice synchronization, and more. The long-term care software market is witnessing growth due to the rising number of healthcare organizations. For example, as of November 2022, there were 848 active chronic dialysis centers registered in 2021 at the Brazilian Society of Nephrology, reflecting a 1.8% increase compared to 2020. This emphasizes the driving force of the growing number of healthcare organizations in the long-term care software market.

The long-term care software market is the increasing prevalence of chronic diseases. Chronic diseases, lasting a year or more and requiring ongoing medical attention, are on the rise globally. Long-term care software proves valuable in managing chronic diseases by monitoring symptoms, tracking progress, and ensuring medication adherence, facilitating early intervention. According to the World Health Organization, chronic disease prevalence is expected to increase by 57% from 2020, with these diseases accounting for 71% of global fatalities. The escalating prevalence of chronic diseases is anticipated to fuel the growth of the long-term care software market.

Technological advancements represent a prominent trend in the long-term care software market, with major companies adopting new technologies to maintain their market positions. An illustrative example is Creative Solutions in Healthcare, a US-based healthcare company, which introduced Connected Care Center in February 2022. This user-friendly platform serves as a resident health information hub, providing up-to-date health data to residents, authorized families, and friends.

Innovative solutions, such as cloud-based pharmacy management systems (PMS), are being developed by leading companies in the long-term care software market to gain a competitive edge. A cloud-based PMS allows remote management of pharmacy operations through a web browser or mobile app. In September 2022, RedSail Technologies LLC, a US-based provider of pharmacy solutions, launched Axys for long-term care pharmacies. This system can track resident medications, generate medication administration records (MARs), integrate with electronic health records (EHRs), and enhance patient safety by reducing medication errors.

In June 2022, Oracle's acquisition of Cerner Corporation for $28.3 billion reflects a strategic move to combine Cerner's clinical capabilities with Oracle's enterprise platform, analytics, and automation expertise. Cerner Corporation is known for providing long-term care and skilled nursing management EHR software. This acquisition aims to drive advancements in health and wellness through a synergized approach.

Major companies operating in the long term care software market report are McKesson Corporation, Optimus EMR Inc., PointClickCare Corp., Matrixcare Inc., Allscripts Healthcare Solutions Inc., Kronos Incorporated, AOD SoftwareLLC, Netsmart Technologies Inc., Yardi Systems Inc., Eldermark LLC, ADL Data Systems Inc., HealthMEDX LLC, Intellitec Solutions, BlueStrata EHR Software Inc., Wellsky Corporation, LinTech Global LLC, Epic Systems Corporation, Medtelligent Inc., Omnicell Inc., SigmaCare by MatrixCare a ResMed Company, Computer Programs and Systems Inc., Sanvis Health LLC, CareVoyant Inc., Caremerge Inc., CareSoft Inc., CareTracker Inc., Health Care Software Inc., LifeLoop LLC, OnShift Inc., RealPage Inc., Senior Insight Inc., Senior Living Technologies LLC, Seniorsoft Development Co.Ltd., SimpleLTC, SmartLinx Solutions LLC, SoftWriters Inc., Storii Limited, Team TSI Corporation Inc., Vitals Software Inc

North America was the largest region in the long term care software market in 2023. The regions covered in the long term care software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the long term care software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The long-term care software market includes revenues earned by entities by providing long-term care software services with features such as clinical or electronic medical records, point of care, billing and marketing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11114

1. Executive Summary

2. Long Term Care Software Market Characteristics

3. Long Term Care Software Market Trends And Strategies

4. Long Term Care Software Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Long Term Care Software Market Size and Growth

5.1. Global Long Term Care Software Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Long Term Care Software Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Long Term Care Software Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Long Term Care Software Market Segmentation

6.1. Global Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Clinical Software
Non-Clinical Solutions
6.2. Global Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Web-Based
On-Premises
Cloud-Based
6.3. Global Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Home Healthcare Agencies
Hospice Care Facilities
Nursing Homes And Assisted Living Facilities

7. Long Term Care Software Market Regional And Country Analysis

7.1. Global Long Term Care Software Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Long Term Care Software Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Long Term Care Software Market

8.1. Asia-Pacific Long Term Care Software Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Long Term Care Software Market

9.1. China Long Term Care Software Market Overview
9.2. China Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Long Term Care Software Market

10.1. India Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Long Term Care Software Market

11.1. Japan Long Term Care Software Market Overview
11.2. Japan Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Long Term Care Software Market

12.1. Australia Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Long Term Care Software Market

13.1. Indonesia Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Long Term Care Software Market

14.1. South Korea Long Term Care Software Market Overview
14.2. South Korea Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Long Term Care Software Market

15.1. Western Europe Long Term Care Software Market Overview
15.2. Western Europe Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Long Term Care Software Market

16.1. UK Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Long Term Care Software Market

17.1. Germany Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Long Term Care Software Market

18.1. France Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Long Term Care Software Market

19.1. Italy Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Long Term Care Software Market

20.1. Spain Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Long Term Care Software Market

21.1. Eastern Europe Long Term Care Software Market Overview
21.2. Eastern Europe Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Long Term Care Software Market

22.1. Russia Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Long Term Care Software Market

23.1. North America Long Term Care Software Market Overview
23.2. North America Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Long Term Care Software Market

24.1. USA Long Term Care Software Market Overview
24.2. USA Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Long Term Care Software Market

25.1. Canada Long Term Care Software Market Overview
25.2. Canada Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Long Term Care Software Market

26.1. South America Long Term Care Software Market Overview
26.2. South America Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Long Term Care Software Market

27.1. Brazil Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Long Term Care Software Market

28.1. Middle East Long Term Care Software Market Overview
28.2. Middle East Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Long Term Care Software Market

29.1. Africa Long Term Care Software Market Overview
29.2. Africa Long Term Care Software Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Long Term Care Software Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Long Term Care Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Long Term Care Software Market Competitive Landscape And Company Profiles

30.1. Long Term Care Software Market Competitive Landscape
30.2. Long Term Care Software Market Company Profiles
- 30.2.1. McKesson Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Optimus EMR Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. PointClickCare Corp.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Matrixcare Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Allscripts Healthcare Solutions Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Long Term Care Software Market Competitive Benchmarking

32. Global Long Term Care Software Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Long Term Care Software Market

34. Long Term Care Software Market Future Outlook and Potential Analysis

34.1 Long Term Care Software Market In 2028 - Countries Offering Most New Opportunities
34.2 Long Term Care Software Market In 2028 - Segments Offering Most New Opportunities
34.3 Long Term Care Software Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer