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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.
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.
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:
Breakup by Deployment Type:
Breakup by End User:
Breakup by Region:
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.
|Base Year of the Analysis||2022|
|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)|
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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