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Long-term Care Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global long-term care software market size reached US$ 4.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.4 Billion by 2028, exhibiting a growth rate (CAGR) of 10.9% during 2023-2028.

Long-term care software refers to a technological service that provides access to patient medical information. It includes medication management, e-prescribing, electronic health records, patient monitoring, remote training, payroll software and real-time location systems. Long-term care software is largely integrated with electronic health record (EHR) systems that automate clinical documentation through digital storage. It assists in maintaining compliance, increasing patient care, minimizing data redundancy, managing revenue cycle and financial data, and storing and providing explicit patient information. As a result, this software is widely used across home healthcare agencies, hospital care facilities, nursing homes and assisted living facilities.

Long-term Care Software Market Trends:

The increasing geriatric population that are susceptible to developing chronic diseases across the globe is creating a positive outlook for the market. Long-term care software is widely used to keep records of all data for patients requiring long-term care. In line with this, the widespread product adoption amongst patients suffering from various medical conditions, such as diabetes, congestive heart failure, anemia, arthritis, gastroesophageal reflux disease, peripheral vascular disease, renal failure, and thyroid disorders is also favoring the market growth. Furthermore, various technological advancements, such as the integration of artificial intelligence (AI)-based solutions that provide personalized care services and assist in improving diagnosis and treatment, are providing a considerable boost to the market growth. Additionally, the increasing demand for cloud-based solutions and remote patient monitoring in the medical industry is positively impacting the market growth. Apart from this, rising healthcare expenditure, along with the implementation of various government initiatives to promote digitalization across the medical sector, are anticipated to drive the market further toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global long-term care software market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, deployment type and end user.

Breakup by Product:

  • Clinical Software
  • Non-Clinical Solutions
     

Breakup by Deployment Type:

  • Web-based
  • On-premises
  • Cloud-based
     

Breakup by End User:

  • Home Care Agencies
  • Hospice Care Facilities
  • Nursing Homes and Assisted Care
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Adl Data Systems Inc., American Healthtech Inc. (Computer Programs and Systems Inc.), Cerner Corporation, Eldermark, Matrixcare Inc. (ResMed Inc.), McKesson Corporation, Netsmart Technologies, Inc. (CVS Pharmacy Inc.), Omnicare Inc. (CVS Health Corporation), PointClickCare Corp, Wellsky Corporation and Yardi Systems Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
 Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product, Deployment Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Adl Data Systems Inc., American Healthtech Inc. (Computer Programs and Systems Inc.), Cerner Corporation, Eldermark, Matrixcare Inc. (ResMed Inc.), McKesson Corporation, Netsmart Technologies, Inc. (CVS Pharmacy Inc.), Omnicare Inc. (CVS Health Corporation), PointClickCare Corp, Wellsky Corporation and Yardi Systems Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Long-Term Care Software Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product
    6.1    Clinical Software
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Non-Clinical Solutions
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Deployment Type
    7.1    Web-based
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    On-premises
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Cloud-based
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by End User
    8.1    Home Care Agencies
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Hospice Care Facilities
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Nursing Homes and Assisted Care
        8.3.1 Market Trends
        8.3.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Adl Data Systems Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    American Healthtech Inc. (Computer Programs and Systems Inc.)
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Cerner Corporation
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 SWOT Analysis
        14.3.4    Eldermark
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Matrixcare Inc. (ResMed Inc.)
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    McKesson Corporation
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Netsmart Technologies, Inc. (CVS Pharmacy Inc.)
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 SWOT Analysis
        14.3.8    Omnicare Inc. (CVS Health Corporation)
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    PointClickCare Corp
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Wellsky Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 SWOT Analysis
        14.3.11    Yardi Systems Inc.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Long-Term Care Software Market: Major Drivers and Challenges
Figure 2: Global: Long-Term Care Software Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Long-Term Care Software Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Long-Term Care Software Market: Breakup by Product (in %), 2022
Figure 5: Global: Long-Term Care Software Market: Breakup by Deployment Type (in %), 2022
Figure 6: Global: Long-Term Care Software Market: Breakup by End User (in %), 2022
Figure 7: Global: Long-Term Care Software Market: Breakup by Region (in %), 2022
Figure 8: Global: Long-Term Care Software (Clinical Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Long-Term Care Software (Clinical Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Long-Term Care Software (Non-Clinical Solutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Long-Term Care Software (Non-Clinical Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Long-Term Care Software (Web-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Long-Term Care Software (Web-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Long-Term Care Software (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Long-Term Care Software (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Long-Term Care Software (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Long-Term Care Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Long-Term Care Software (Home Care Agencies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Long-Term Care Software (Home Care Agencies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Long-Term Care Software (Hospice Care Facilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Long-Term Care Software (Hospice Care Facilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Long-Term Care Software (Nursing Homes and Assisted Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Long-Term Care Software (Nursing Homes and Assisted Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: North America: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: North America: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: United States: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: United States: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Canada: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Canada: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Asia-Pacific: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Asia-Pacific: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: China: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: China: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Japan: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Japan: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: India: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: India: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: South Korea: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: South Korea: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Australia: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Australia: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Indonesia: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Indonesia: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Others: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Others: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Europe: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Europe: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Germany: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Germany: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: France: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: France: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: United Kingdom: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: United Kingdom: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Italy: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Italy: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Spain: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Spain: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Russia: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Russia: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Latin America: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Latin America: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Brazil: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Brazil: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Mexico: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Mexico: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Middle East and Africa: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Middle East and Africa: Long-Term Care Software Market: Breakup by Country (in %), 2022
Figure 72: Middle East and Africa: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Global: Long-Term Care Software Industry: SWOT Analysis
Figure 74: Global: Long-Term Care Software Industry: Value Chain Analysis
Figure 75: Global: Long-Term Care Software Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Long-Term Care Software Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Long-Term Care Software Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Long-Term Care Software Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
Table 4: Global: Long-Term Care Software Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Long-Term Care Software Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Long-Term Care Software Market: Competitive Structure
Table 7: Global: Long-Term Care Software Market: Key Players


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Key Questions Answered in This Report

The global long-term care software market was valued at US$ 4.7 Billion in 2022.

We expect the global long-term care software market to exhibit a CAGR of 10.9% during 2023-2028.

The sudden outbreak of the COVID-19 pandemic has led to the growing deployment of long-term care software integrated with Electronic Health Record (EHR) systems, which enable the automation of clinical documentation through digital storage and allow combating the spread of the coronavirus infection upon physical documents.

The increasing integration of AI-based solutions that provide personalized care services and assist in improving diagnosis and treatment is primarily driving the global long-term care software market.

Based on the product, the global long-term care software market has been segregated into clinical software and non-clinical solutions, where clinical software currently holds the largest market share.

Based on the deployment type, the global long-term care software market can be bifurcated into web-based, on-premises, and cloud-based. Currently, web-based exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global long-term care software market include Adl Data Systems Inc., American Healthtech Inc. (Computer Programs and Systems Inc.), Cerner Corporation, Eldermark, Matrixcare Inc. (ResMed Inc.), McKesson Corporation, Netsmart Technologies, Inc. (CVS Pharmacy Inc.), Omnicare Inc. (CVS Health Corporation), PointClickCare Corp, Wellsky Corporation, and Yardi Systems Inc.

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