PUBLISHER: The Business Research Company | PRODUCT CODE: 1843529
PUBLISHER: The Business Research Company | PRODUCT CODE: 1843529
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.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are having a significant impact on the information technology sector, especially in hardware manufacturing, data infrastructure, and software deployment. Increased duties on imported semiconductors, circuit boards, and networking equipment have driven up production and operating costs for tech companies, cloud service providers, and data centers. Firms that depend on globally sourced components for laptops, servers, and consumer electronics are grappling with extended lead times and mounting pricing pressures. At the same time, tariffs on specialized software and retaliatory actions by key international markets have disrupted global IT supply chains and dampened foreign demand for U.S.-made technologies. In response, the sector is ramping up investments in domestic chip production, broadening its supplier network, and leveraging AI-powered automation to improve resilience and manage costs more effectively.
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 $4.74 billion in 2024 to $5.23 billion in 2025 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to aging population dynamics, regulatory compliance requirements, rising healthcare costs, integration of electronic health records (EHR), 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 $9.02 billion in 2029 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period can be attributed to rising consumer expectations, telehealth integration, interoperability requirements, rise of home-based care, data security and privacy concerns. Major trends in the forecast period include person-centered care, compliance with regulatory standards, enhanced data security measures, telehealth integration, patient and family engagement tools.
The forecast of 14.6% growth over the next five years reflects a modest reduction of 0.3% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. Tariffs on international health IT systems and electronic records frameworks may slow software upgrades and regulatory compliance in long-term care facilities. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The increasing number of healthcare organizations is anticipated to drive the growth of the long-term care software market in the coming years. A healthcare organization (HCO) refers to any legal entity, such as a healthcare or medical association, that impacts the prescription, order, supply, use, and sale of medical technologies or related services. Healthcare organizations utilize long-term care software to securely exchange patient data, improve patient outcomes, expedite treatment, enable multi-device synchronization, and more. For example, in June 2024, the Brazilian Dialysis Survey 2022, published by the Scientific Electronic Library Online, reported that by July 2022, there were 872 active chronic dialysis centers registered with the Brazilian Society of Nephrology (BSN), marking a 2.7% increase compared to 2021. Thus, the rising number of healthcare organizations is driving the expansion of the long-term care software market.
The growing prevalence of chronic diseases is a significant factor driving the expansion of the long-term care (LTC) software market. Chronic diseases, which last a year or more and often require continuous medical attention or limit daily activities, necessitate effective management solutions. LTC software is instrumental in managing these conditions by tracking symptoms, progress, and medication adherence, allowing healthcare providers to identify issues early and intervene before they escalate. For example, in February 2024, the World Health Organization (WHO) projected that by 2050, there would be over 35 million new cancer cases globally, a 77% increase compared to the estimated 20 million cases in 2022. This rising prevalence of chronic diseases is expected to further drive the demand for long-term care software, as managing these conditions becomes increasingly critical.
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 include McKesson Corporation, Optimus EMR Inc., PointClickCare Corp., Matrixcare Inc., Allscripts Healthcare Solutions Inc., AOD SoftwareLLC, Netsmart Technologies Inc., Yardi Systems Inc., Eldermark LLC, ADL Data Systems Inc., HealthMEDX LLC, Intellitec Solutions, BlueStrata EHR Software Inc., Wellsky Corporation, Epic Systems Corporation, Medtelligent Inc., 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 2024. 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.
Long Term Care Software Global Market Report 2025 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.
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, including technological disruption, regulatory shifts, and changing consumer preferences? 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.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.