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Long Term Care Software Market

Long Term Care Software Market Forecasts to 2028 – Global Analysis By Product (Clinical Software, Non-Clinical), Deployment (On Premise, Cloud Based), End User (Hospice Care Facilities, ALFs & ILFs) and By Geography

4.0 (46 reviews)
Published: November 2021 ID: SMRC21202
4.0 (46 reviews)
Published: November 2021 ID: SMRC21202

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Long Term Care Software Market is accounted for $3,552.00 million in 2020 and is expected to reach $10,061.50 million by 2028 growing at a CAGR of 13.9% during the forecast period. Increasing aging population, growing healthcare developments and increasing digitalization in healthcare technology are driving the market growth. However, low adoption of software and high costs of maintaining software’s is hampering the growth of the market.

Long term care software is the type of technological service/solution which is used for meeting the clinical and non-clinical needs of patients and healthcare providers. This software automates the workflow of nursing homes and long-term care facilities. The software provides multiple high-quality healthcare services those are coupled with several benefits including accurate information, reduce data redundancy, boosts productivity and efficiency, saves time, and among others.

Based on the deployment, the cloud-based segment is going to have lucrative growth during the forecast period owing to increasing deployment of cloud-based long-term care software in developed countries. In addition, well-established healthcare infrastructure in developed countries is expected to support the growth of this segment.

By geography, North America is going to have high growth during the forecast period due to the rising increase in number of older population, surge in need to reduce towering healthcare costs and long-term care services provided by paid, regulated providers are a significant component of personal health care spending in the United States.

Some of the key players profiled in the Long Term Care Software Market include Cerner Corporation, Omnicare, Inc., Kronos Incorporated, Optimus Emr, Sigmacare, Allscripts Healthcare Solutions, Inc., Mckesson Corporation, Omnicell, Inc., Healthmedx, Matrix Care, Pointclickcare and Aod Software (Advanced Answers On Demand, Inc.).

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 3,552.00 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

13.9%

Predicted 2028 Value:

USD 10,061.50 million

Forecast Years:

2021-2028

Tables, Graphs & Figures

141

Chapters Covered:

Product, Deployment, End User and Region

Core Drivers and Opportunities:

  • Increasing aging population
  • Growing healthcare developments
  • Increasing digitalization in healthcare technology

Restraining Factors & Market Threats:

  • Low adoption of software
  • High costs of maintaining software


Products Covered: 
• Clinical Software 
• Non-Clinical Solutions
 
Deployments Covered: 
• On Premise 
• Cloud Based 
• Web Based 

End Users Covered:
• Hospice Care Facilities 
• Nursing Homes and Assisted Living Facilities (ALFs) & Independent Living Facilities (ILFs) 
• Home Healthcare Agencies 
 
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Long Term Care Software Market is majorly driven by the increasing aging population, growing healthcare developments and increasing digitalization in healthcare technology.

The cloud-based segment is growing at a highest CAGR owing to increasing deployment of cloud-based long-term care software in developed countries.

North America dominated with a significant market share due to the factors such as increase in number of older population, surge in need to reduce towering healthcare costs and long-term care services provided by paid and regulated providers.

Asia Pacific market is growing at a highest CAGR owing to rapid development in healthcare sector and high deployment of web-based and cloud-based long-term care software in emerging economies in these regions.

Key players in Long Term Care Software Market include Cerner Corporation, Omnicare, Inc., Kronos Incorporated, Optimus Emr, Sigmacare, Allscripts Healthcare Solutions, Inc., Mckesson Corporation, Omnicell, Inc., Healthmedx, Matrix Care, Pointclickcare and Aod Software (Advanced Answers On Demand, Inc.

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