Long Term Care Software Market
Long Term Care Software Market Forecasts to 2028 - Global Analysis By Product (Non-Clinical Solutions , Clinical Software), Deployment (Web Based, On Premise, Cloud Based) and By Geography
Years Covered |
2020-2028 |
Estimated Year Value (2022) |
US $3,226.54 MN |
Projected Year Value (2028) |
US $7,739.92 MN |
CAGR (2022 - 2028) |
15.7% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
North America |
Fastest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Long Term Care Software Market is accounted for $3,226.54 million in 2022 and is expected to reach $7,739.92 million by 2028 growing at a CAGR of 15.7% during the forecast period. Long-term care is a service which helps meet medical and non-medical needs of people with chronic illnesses or disabilities. It involves a variety of services designed to meet a person’s health or personal care needs during a short or long period of time. Long-term care software solutions are fully-integrated electronic health record, billing and business intelligence solution which allows healthcare facilities to enhance resident care, maintain compliance and manage multiple levels with the single software solution.
According to Alzheimer's Disease International, globally, there were around 50 million people with dementia in 2020. This number is expected to double every 20 years, reaching 82 million in 2030 and 152 million in 2050. Therefore, to control and monitor such a large section of the old age population, prone to any chronic disease, at any point of time, even if the disease is being occurred once, it is important to get them monitored at home care, nursing facility, or community centers, as well as assisted living centers. The importance of software and devices to connect to these centers, as well as patients, becomes a necessity, and thus, acts as one of the major drivers for the market studied. As per the data from World Health Organization, the number of people aged over 60 years and above is expected to reach 1.4 billion by the year 2030 and is projected to reach 2.4 billion by year 2050. As old people require more care, the market studied is believed to witness strong growth in future.
Market Dynamics:
Driver:
High occurrence of chronic diseases
High incidence of chronic diseases is a chief reason of disabilities needing medical attention. This software delivers real workflow procedures saving time and cost. Governments of progressive countries are improving their healthcare infrastructure to deliver reasonable care solutions for senior citizens. The U.S. government supports long-term care software for the elderly through Medicare and Medicaid systems, powering growth of the market
Restraint:
Trouble and incompetence
Maintaining this kind of software needs frequent updates. If team doesn’t stay on top of that, records could lose their correctness and, afterward, their value. This software can also be troublesome in that they need computer access and, more, internet access to utilize. If have a power outage or computer failure, that information can become inaccessible. An essential part is the ability to have an information technology team available to solve technical problems immediately so that patient care interruptions are minimized.
Opportunity:
Federal government initiatives to bolster sustainable
The Centers for Medicare and Medicaid Services have made a public declaration for the issue of better resident care delivery in terms of training, tools, and technical assistance for a flawless long term care delivery to improve quality of life amongst patients. These developments are estimated to have a favourable bearing on long term patient care and also benefit software market perceptibly.
Threat:
Malpractice Liability Concerns
Executing of this software opens the door to numerous liability concerns, such as how to confirm precious medical data does not get destroyed or lost during the transfer from paper to electronic records. This, in turn, could lead to errors in treatment. Physicians can be held liable for any inability to access all the medical data at their disposal, especially when that data is supposed to be more accessible given their electronic nature.
Impact of Covid-19
Due to Covid-19 Outbreak the most of the sectors across the globe have been negatively impacted over the last few months. This can be attributed to significant disorders experienced by their relevant manufacturing and supply-chain operations as a result of several safety lockdowns, as well as other restrictions that were enforced by governing authorities across the globe. The same applies to the Long Term Care Software Market. Moreover, consumer demand has also subsequently reduced as individuals are now intense on eliminating non-essential expenses from their budgets as the general economic status of most individuals have been severely affected by this outbreak. These aforesaid elements are expected to problem the revenue course of the Long Term Care Software Market over the forecast timeline.
The cloud-based segment is expected to be the largest during the forecast period
The cloud-based segment is expected to be the largest during the forecast period. The cloud-based solutions segment is gaining traction owing to its cost-effective solutions have less operational issues, flexible cost and usage, low investment, and easy implementation procedure with advanced security.
The Home Healthcare Agencies segment is expected to have the highest CAGR during the forecast period
The Home Healthcare Agencies segment is expected to have the highest CAGR during the forecast period. As, home health care agencies hire healthcare professionals such as nurses, home health care aides, therapists, and homemakers for home-based services. Home-based services comprise personal care, such as help with bathing, dressing, and taking medications, and supervision to make sure a person is safe.
Region with highest share:
North America is projected to hold the largest market share during the forecast period owing to increasing demand for LTC software coupled with the increasing ageing population which demanding long-term care. Moreover increasing the geriatric population, awareness, and reforming healthcare infrastructure to provide affordable healthcare to senior citizens in the region boost the target market growth. Long-Term care services provided by paid, regulated providers are a significant component of personal health care spending in the United States.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, due to infrastructural development in healthcare sector, rising medical tourism in the emerging economies such as India, China and few others. The Asia market will show high development rates in the years to follow, with India and China being the highest expanding markets in the region. Moreover, increase in aging population, lack of doctors and nursing staff, a rise in healthcare cost, increasing occurrence of chronic diseases, rising healthcare growths and increasing number of initiatives by several government associations and governments are some aspects fuelling the expansion of the global market.
Key players in the market:-
Some of the key players profiled in the Long Term Care Software Market include Cerner Corporation, Omnicare, Inc., Kronos Incorporated, Optimus Emr, Omron Healthcare Inc , Allscripts Healthcare Solutions, Inc., Mckesson Corporation, Omnicell, Inc., Healthmedx, Matrix Care, 3M, Aod Software (Advanced Answers On Demand, Inc.), Long Term Care Group, Inc., Intellitec Solutions, ADL Data Systems, Inc.
Key Developments:
In November 2019: OMRON Healthcare, Inc., was awarded in TIME Magazine in the prestigious Best Inventions 2019 list for HeartGuide™, the first wearable blood pressure monitor.
In October 2019: 3M acquired of Acelity, Inc. and its KCI subsidiaries worldwide. 3M’s Medical Solutions business is focused on applying 3M technologies to deliver safe and effective solutions to improve clinical outcomes and healthcare economics.
Products Covered:
• Non-Clinical Solutions
• Clinical Software
Deployments Covered:
• Web Based
• 6.3 On Premise
• 6.4 Cloud Based
Deployment Models Covered:
• On-Demand
• On-Premises
End Users Covered:
• Hospice Care Facilities
• 7.3 Nursing Homes and Assisted Living Facilities
• 7.4 Home Healthcare Agencies
• 7.5 Other End Users
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 2020, 2021, 2022, 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
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Long Term Care Software Market, By Product
5.1 Introduction
5.2 Non-Clinical Solutions
5.2.1 Real-Time Location Systems
5.2.2 Remote Training and Supervision Systems
5.2.3 Billing, Invoicing, & Scheduling Software
5.2.4 Payroll Software
5.2.5 Remote Patient Monitoring Systems
5.2.6 Talent Management Software
5.3 Clinical Software
5.3.1 E-Prescribing
5.3.2 Clinical Decision Support Systems
5.3.3 Electronic Health Records
5.3.4 Electronic Medication Administration Records
5.3.5 Medication Management
6 Global Long Term Care Software Market, By Deployment
6.1 Introduction
6.2 Web Based
6.3 On Premise
6.4 Cloud Based
7 Global Long Term Care Software Market, By End User
7.1 Introduction
7.2 Hospice Care Facilities
7.3 Nursing Homes and Assisted Living Facilities
7.4 Home Healthcare Agencies
7.5 Other End Users
8 Global Long Term Care Software Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Cerner Corporation
10.2 Omnicare, Inc.
10.3 Kronos Incorporated
10.4 Optimus Emr
10.5 Omron Healthcare Inc
10.6 Allscripts Healthcare Solutions, Inc.
10.7 Mckesson Corporation
10.8 Omnicell, Inc.
10.9 Healthmedx
10.10 Matrix Care
10.11 3M
10.12 Aod Software (Advanced Answers On Demand, Inc.)
10.13 Long Term Care Group, Inc.
10.14 Intellitec Solutions
10.15 ADL Data Systems, Inc.
List of Tables
1 Global Long Term Care Software Market Outlook, By Region (2020-2028) ($MN)
2 Global Long Term Care Software Market Outlook, By Product (2020-2028) ($MN)
3 Global Long Term Care Software Market Outlook, By Non-Clinical Solutions (2020-2028) ($MN)
4 Global Long Term Care Software Market Outlook, By Real-Time Location Systems (2020-2028) ($MN)
5 Global Long Term Care Software Market Outlook, By Remote Training and Supervision Systems (2020-2028) ($MN)
6 Global Long Term Care Software Market Outlook, By Billing, Invoicing, & Scheduling Software (2020-2028) ($MN)
7 Global Long Term Care Software Market Outlook, By Payroll Software (2020-2028) ($MN)
8 Global Long Term Care Software Market Outlook, By Remote Patient Monitoring Systems (2020-2028) ($MN)
9 Global Long Term Care Software Market Outlook, By Talent Management Software (2020-2028) ($MN)
10 Global Long Term Care Software Market Outlook, By Clinical Software (2020-2028) ($MN)
11 Global Long Term Care Software Market Outlook, By E-Prescribing (2020-2028) ($MN)
12 Global Long Term Care Software Market Outlook, By Clinical Decision Support Systems (2020-2028) ($MN)
13 Global Long Term Care Software Market Outlook, By Electronic Health Records (2020-2028) ($MN)
14 Global Long Term Care Software Market Outlook, By Electronic Medication Administration Records (2020-2028) ($MN)
15 Global Long Term Care Software Market Outlook, By Medication Management (2020-2028) ($MN)
16 Global Long Term Care Software Market Outlook, By Deployment (2020-2028) ($MN)
17 Global Long Term Care Software Market Outlook, By Web Based (2020-2028) ($MN)
18 Global Long Term Care Software Market Outlook, By On Premise (2020-2028) ($MN)
19 Global Long Term Care Software Market Outlook, By Cloud Based (2020-2028) ($MN)
20 Global Long Term Care Software Market Outlook, By End User (2020-2028) ($MN)
21 Global Long Term Care Software Market Outlook, By Hospice Care Facilities (2020-2028) ($MN)
22 Global Long Term Care Software Market Outlook, By Nursing Homes and Assisted Living Facilities (2020-2028) ($MN)
23 Global Long Term Care Software Market Outlook, By Home Healthcare Agencies (2020-2028) ($MN)
24 Global Long Term Care Software Market Outlook, By Other End Users (2020-2028) ($MN)
25 North America Long Term Care Software Market Outlook, By Country (2020-2028) ($MN)
26 North America Long Term Care Software Market Outlook, By Product (2020-2028) ($MN)
27 North America Long Term Care Software Market Outlook, By Non-Clinical Solutions (2020-2028) ($MN)
28 North America Long Term Care Software Market Outlook, By Real-Time Location Systems (2020-2028) ($MN)
29 North America Long Term Care Software Market Outlook, By Remote Training and Supervision Systems (2020-2028) ($MN)
30 North America Long Term Care Software Market Outlook, By Billing, Invoicing, & Scheduling Software (2020-2028) ($MN)
31 North America Long Term Care Software Market Outlook, By Payroll Software (2020-2028) ($MN)
32 North America Long Term Care Software Market Outlook, By Remote Patient Monitoring Systems (2020-2028) ($MN)
33 North America Long Term Care Software Market Outlook, By Talent Management Software (2020-2028) ($MN)
34 North America Long Term Care Software Market Outlook, By Clinical Software (2020-2028) ($MN)
35 North America Long Term Care Software Market Outlook, By E-Prescribing (2020-2028) ($MN)
36 North America Long Term Care Software Market Outlook, By Clinical Decision Support Systems (2020-2028) ($MN)
37 North America Long Term Care Software Market Outlook, By Electronic Health Records (2020-2028) ($MN)
38 North America Long Term Care Software Market Outlook, By Electronic Medication Administration Records (2020-2028) ($MN)
39 North America Long Term Care Software Market Outlook, By Medication Management (2020-2028) ($MN)
40 North America Long Term Care Software Market Outlook, By Deployment (2020-2028) ($MN)
41 North America Long Term Care Software Market Outlook, By Web Based (2020-2028) ($MN)
42 North America Long Term Care Software Market Outlook, By On Premise (2020-2028) ($MN)
43 North America Long Term Care Software Market Outlook, By Cloud Based (2020-2028) ($MN)
44 North America Long Term Care Software Market Outlook, By End User (2020-2028) ($MN)
45 North America Long Term Care Software Market Outlook, By Hospice Care Facilities (2020-2028) ($MN)
46 North America Long Term Care Software Market Outlook, By Nursing Homes and Assisted Living Facilities (2020-2028) ($MN)
47 North America Long Term Care Software Market Outlook, By Home Healthcare Agencies (2020-2028) ($MN)
48 North America Long Term Care Software Market Outlook, By Other End Users (2020-2028) ($MN)
49 Europe Long Term Care Software Market Outlook, By Country (2020-2028) ($MN)
50 Europe Long Term Care Software Market Outlook, By Product (2020-2028) ($MN)
51 Europe Long Term Care Software Market Outlook, By Non-Clinical Solutions (2020-2028) ($MN)
52 Europe Long Term Care Software Market Outlook, By Real-Time Location Systems (2020-2028) ($MN)
53 Europe Long Term Care Software Market Outlook, By Remote Training and Supervision Systems (2020-2028) ($MN)
54 Europe Long Term Care Software Market Outlook, By Billing, Invoicing, & Scheduling Software (2020-2028) ($MN)
55 Europe Long Term Care Software Market Outlook, By Payroll Software (2020-2028) ($MN)
56 Europe Long Term Care Software Market Outlook, By Remote Patient Monitoring Systems (2020-2028) ($MN)
57 Europe Long Term Care Software Market Outlook, By Talent Management Software (2020-2028) ($MN)
58 Europe Long Term Care Software Market Outlook, By Clinical Software (2020-2028) ($MN)
59 Europe Long Term Care Software Market Outlook, By E-Prescribing (2020-2028) ($MN)
60 Europe Long Term Care Software Market Outlook, By Clinical Decision Support Systems (2020-2028) ($MN)
61 Europe Long Term Care Software Market Outlook, By Electronic Health Records (2020-2028) ($MN)
62 Europe Long Term Care Software Market Outlook, By Electronic Medication Administration Records (2020-2028) ($MN)
63 Europe Long Term Care Software Market Outlook, By Medication Management (2020-2028) ($MN)
64 Europe Long Term Care Software Market Outlook, By Deployment (2020-2028) ($MN)
65 Europe Long Term Care Software Market Outlook, By Web Based (2020-2028) ($MN)
66 Europe Long Term Care Software Market Outlook, By On Premise (2020-2028) ($MN)
67 Europe Long Term Care Software Market Outlook, By Cloud Based (2020-2028) ($MN)
68 Europe Long Term Care Software Market Outlook, By End User (2020-2028) ($MN)
69 Europe Long Term Care Software Market Outlook, By Hospice Care Facilities (2020-2028) ($MN)
70 Europe Long Term Care Software Market Outlook, By Nursing Homes and Assisted Living Facilities (2020-2028) ($MN)
71 Europe Long Term Care Software Market Outlook, By Home Healthcare Agencies (2020-2028) ($MN)
72 Europe Long Term Care Software Market Outlook, By Other End users (2020-2028) ($MN)
73 Asia Pacific Long Term Care Software Market Outlook, By Country (2020-2028) ($MN)
74 Asia Pacific Long Term Care Software Market Outlook, By Product (2020-2028) ($MN)
75 Asia Pacific Long Term Care Software Market Outlook, By Non-Clinical Solutions (2020-2028) ($MN)
76 Asia Pacific Long Term Care Software Market Outlook, By Real-Time Location Systems (2020-2028) ($MN)
77 Asia Pacific Long Term Care Software Market Outlook, By Remote Training And Supervision Systems (2020-2028) ($MN)
78 Asia Pacific Long Term Care Software Market Outlook, By Billing, Invoicing, & Scheduling Software (2020-2028) ($MN)
79 Asia Pacific Long Term Care Software Market Outlook, By Payroll Software (2020-2028) ($MN)
80 Asia Pacific Long Term Care Software Market Outlook, By Remote Patient Monitoring Systems (2020-2028) ($MN)
81 Asia Pacific Long Term Care Software Market Outlook, By Talent Management Software (2020-2028) ($MN)
82 Asia Pacific Long Term Care Software Market Outlook, By Clinical Software (2020-2028) ($MN)
83 Asia Pacific Long Term Care Software Market Outlook, By E-Prescribing (2020-2028) ($MN)
84 Asia Pacific Long Term Care Software Market Outlook, By Clinical Decision Support Systems (2020-2028) ($MN)
85 Asia Pacific Long Term Care Software Market Outlook, By Electronic Health Records (2020-2028) ($MN)
86 Asia Pacific Long Term Care Software Market Outlook, By Electronic Medication Administration Records (2020-2028) ($MN)
87 Asia Pacific Long Term Care Software Market Outlook, By Medication Management (2020-2028) ($MN)
88 Asia Pacific Long Term Care Software Market Outlook, By Deployment (2020-2028) ($MN)
89 Asia Pacific Long Term Care Software Market Outlook, By Web Based (2020-2028) ($MN)
90 Asia Pacific Long Term Care Software Market Outlook, By On Premise (2020-2028) ($MN)
91 Asia Pacific Long Term Care Software Market Outlook, By Cloud Based (2020-2028) ($MN)
92 Asia Pacific Long Term Care Software Market Outlook, By End User (2020-2028) ($MN)
93 Asia Pacific Long Term Care Software Market Outlook, By Hospice Care Facilities (2020-2028) ($MN)
94 Asia Pacific Long Term Care Software Market Outlook, By Nursing Homes and Assisted Living Facilities (2020-2028) ($MN)
95 Asia Pacific Long Term Care Software Market Outlook, By Home Healthcare Agencies (2020-2028) ($MN)
96 Asia Pacific Long Term Care Software Market Outlook, By Other End Users (2020-2028) ($MN)
97 South America Long Term Care Software Market Outlook, By Country (2020-2028) ($MN)
98 South America Long Term Care Software Market Outlook, By Product (2020-2028) ($MN)
99 South America Long Term Care Software Market Outlook, By Non-Clinical Solutions (2020-2028) ($MN)
100 South America Long Term Care Software Market Outlook, By Real-Time Location Systems (2020-2028) ($MN)
101 South America Long Term Care Software Market Outlook, By Remote Training and Supervision Systems (2020-2028) ($MN)
102 South America Long Term Care Software Market Outlook, By Billing, Invoicing, & Scheduling Software (2020-2028) ($MN)
103 South America Long Term Care Software Market Outlook, By Payroll Software (2020-2028) ($MN)
104 South America Long Term Care Software Market Outlook, By Remote Patient Monitoring Systems (2020-2028) ($MN)
105 South America Long Term Care Software Market Outlook, By Talent Management Software (2020-2028) ($MN)
106 South America Long Term Care Software Market Outlook, By Clinical Software (2020-2028) ($MN)
107 South America Long Term Care Software Market Outlook, By E-Prescribing (2020-2028) ($MN)
108 South America Long Term Care Software Market Outlook, By Clinical Decision Support Systems (2020-2028) ($MN)
109 South America Long Term Care Software Market Outlook, By Electronic Health Records (2020-2028) ($MN)
110 South America Long Term Care Software Market Outlook, By Electronic Medication Administration Records (2020-2028) ($MN)
111 South America Long Term Care Software Market Outlook, By Medication Management (2020-2028) ($MN)
112 South America Long Term Care Software Market Outlook, By Deployment (2020-2028) ($MN)
113 South America Long Term Care Software Market Outlook, By Web Based (2020-2028) ($MN)
114 South America Long Term Care Software Market Outlook, By On Premise (2020-2028) ($MN)
115 South America Long Term Care Software Market Outlook, By Cloud Based (2020-2028) ($MN)
116 South America Long Term Care Software Market Outlook, By End User (2020-2028) ($MN)
117 South America Long Term Care Software Market Outlook, By Hospice Care Facilities (2020-2028) ($MN)
118 South America Long Term Care Software Market Outlook, By Nursing Homes and Assisted Living Facilities (2020-2028) ($MN)
119 South America Long Term Care Software Market Outlook, By Home Healthcare Agencies (2020-2028) ($MN)
120 South America Long Term Care Software Market Outlook, By Other End Users (2020-2028) ($MN)
121 Middle East & Africa Long Term Care Software Market Outlook, By Country (2020-2028) ($MN)
122 Middle East & Africa Long Term Care Software Market Outlook, By Product (2020-2028) ($MN)
123 Middle East & Africa Long Term Care Software Market Outlook, By Non-Clinical Solutions (2020-2028) ($MN)
124 Middle East & Africa Long Term Care Software Market Outlook, By Real-Time Location Systems (2020-2028) ($MN)
125 Middle East & Africa Long Term Care Software Market Outlook, By Remote Training and Supervision Systems (2020-2028) ($MN)
126 Middle East & Africa Long Term Care Software Market Outlook, By Billing, Invoicing, & Scheduling Software (2020-2028) ($MN)
127 Middle East & Africa Long Term Care Software Market Outlook, By Payroll Software (2020-2028) ($MN)
128 Middle East & Africa Long Term Care Software Market Outlook, By Remote Patient Monitoring Systems (2020-2028) ($MN)
129 Middle East & Africa Long Term Care Software Market Outlook, By Talent Management Software (2020-2028) ($MN)
130 Middle East & Africa Long Term Care Software Market Outlook, By Clinical Software (2020-2028) ($MN)
131 Middle East & Africa Long Term Care Software Market Outlook, By E-Prescribing (2020-2028) ($MN)
132 Middle East & Africa Long Term Care Software Market Outlook, By Clinical Decision Support Systems (2020-2028) ($MN)
133 Middle East & Africa Long Term Care Software Market Outlook, By Electronic Health Records (2020-2028) ($MN)
134 Middle East & Africa Long Term Care Software Market Outlook, By Electronic Medication Administration Records (2020-2028) ($MN)
135 Middle East & Africa Long Term Care Software Market Outlook, By Medication Management (2020-2028) ($MN)
136 Middle East & Africa Long Term Care Software Market Outlook, By Deployment (2020-2028) ($MN)
137 Middle East & Africa Long Term Care Software Market Outlook, By Web Based (2020-2028) ($MN
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
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- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
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