Long-term Care Software Market, by Product (EHR, eMAR, Payroll Management), by Mode of Delivery (Web-based, On-premises, Cloud-based), by End User (Nursing Homes, Home Health Agencies, Assisted Living Facilities), By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting To 2032

The Global Long-term Care Software Market includes a global opportunity analysis and industry forecasts for the period 2023-2032. The global market is expected to reach USD 4.43 billion by 2032, registering a CAGR of 12.98% from 2023 to 2032. The base year considered for the study is 2022, and the forecast has been provided for the period, 2023 to 2032.

Long-term care software is a set of tools for managing the workflows, data, tracking, and administration of long-term care institutions, patients, and staff while providing seamless interoperability, intelligent analytics, and improved patient-provider communication.

An electronic system for storing and providing access to a patient's medical records is known as long-term care software. It is employed by all establishments that give daily medical help to patients through long-term care services. In addition to keeping health records safe, long-term care software supports clear patient information, compliance, reducing data duplication, financial management, and revenue cycle management. In nursing homes, assisted living institutions, home healthcare agencies, and hospice care facilities throughout North America, the programme is commonly used.

The demand for long-term care software in North America is being driven by the growing senior population, which is more susceptible to chronic diseases that affect movement and cause incontinence. Additionally, advancing clinical and non-clinical infrastructures, along with growing digitization in the healthcare sector, are supporting market expansion. In addition, rising healthcare costs, notably in the US and Canada, for modern, effective long-term care services are further igniting the market. The industry is rising as more people become aware of the many advantages of long-term care software, including staff management, compliance and safety, customer relationship management, and point-of-care services.

Market Dynamics:

Drivers:

The long-term care software market is driven by changes in the healthcare infrastructure, a staffing shortage in the medical field, and the use of technological solutions in healthcare facilities. For the players in the long-term care software market, various technological advancements in the healthcare sector and cloud-based software are anticipated to present growth prospects.

Restraints:

Lack of knowledge, costly software maintenance costs, and a shortage of people with the necessary training and skills are likely to impede market expansion.

Impact Of Covid-19 On The Long-term Care Software Market:

  • COVID-19 was first held in Wuhan (China) in December 2019, and since then it has rapidly spread throughout the world. The worst affected nations in terms of confirmed cases and reported deaths include the US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain.
  • Lockdowns, travel bans, and business closures brought on by COVID-19 have had an impact on the economies and industries of many different nations.
  • A number of facilities and plants have been shut down, which has had a severe influence on global supply chains, product production, delivery schedules, and international sales. e
  • The pandemic has positively impacted the long-term care software facilities industry. As a result of fewer people attending hospitals and fewer doctors' consultations, the number of remote patients consulting has increased.

    TABLE 1: GLOBAL LONG-TERM CARE SOFTWARE MARKET OVERALL SNAPSHOT                                                                                                                

TABLE 1: GLOBAL LONG-TERM CARE SOFTWARE MARKET OVERALL SNAPSHOT

Market Segmentation:

The global Long-term Care Software market has been segmented by product, mode of delivery, by end user, by region.

All of the segments are contributing to market growth, and due to the market segment's continued availability, the market will continue to expand in new directions.

Long-term Care Software Market, By Product:

  • A good CAGR is projected for the non-prescribing segment during the forecast period.
  • A new method of entering prescription data into a computer or mobile application and sending it to pharmacies where it can be filled is known as an "electronic prescription.
  • Healthcare professionals may monitor prescription processing, alert patients to allergies, track prescriptions for prohibited substances, improve medication adherence, and more with the aid of e-prescribing.
  • The benefits of e-prescribing over more conventional approaches are a factor in the expansion of the long-term care software business.

Long-term Care Software Market, By Mode of Delivery:

  • Based on the mode of delivery, the cloud-based category is predicted to develop at the quickest CAGR throughout the projection period.
  • The global market for long-term care technology will benefit from opportunities brought forth by remote patient monitoring and cloud-based software.
  • Additionally, increasing demand for cloud-based solutions, partnerships and collaborations, and new product releases are some of the factors affecting the worldwide long-term care software market.

Long-term Care Software Market, By End User:

It contains:

  • Nursing Homes
  • Home Health Agencies
  • Assisted Living Facilities

Global Long-term Care Software Market, Based On Regional Analysis:

  • In 2020, North America held the regional lead in the worldwide long-term care software market. The reason for the area's quick expansion is the presence of major players there as well as the growing popularity of long-term care software.
  • The United States commands the highest market share in North America. This is due to the high rate of nationwide adoption of new technical software services. For instance, the Drug Enforcement Administration (DEA) has made it possible for doctors to electronically write prescriptions for banned opioids
  • As a result, there are fewer prescription errors brought on by poorly legible handwritten prescriptions. Similar to this, the National Institute on Aging (NIA) supports and finances research on ageing, as well as the health and wellbeing of senior citizens.
  • North America controls the majority of the worldwide long-term care software industry due to the region's burgeoning senior population and need to cut healthcare costs.

TABLE 2: GLOBAL LONG-TERM CARE SOFTWARE MARKET OVERVIEW

TABLE 2: GLOBAL LONG-TERM CARE SOFTWARE MARKET OVERVIEW

 Recent Developments In The Global Long-term Care Software Market:

  • IN 2020- In order to better serve patients in long-term care facilities, TeleHealth Solution and PointClickCare have partnered. This integration will allow for bidirectional data exchange between TeleHealth Solutions and PointClickCare's EHR Platform.
  • In 2020 - The SafeBeing platform, which was introduced by Somatix in March 2020, enables caregivers in long-term nursing homes to continually monitor and assess patients' daily routines.

What Does This Report Provide?

This report provides a detailed understanding of the global long-term care software market from qualitative and quantitative perspectives during the forecast period. The major market drivers, challenges, and opportunities for the global long-term care software market have been covered in the report.

Major companies: in this report, the major companies studied are global Long-term Care Software Market are Cerner Corporation (U.S.), Omnicare, Inc. (U.S.), AOD Software (U.S.), Kronos (U.S.), PointClickCare (Canada), Omnicell, Inc. (U.S.), McKesson Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), MatrixCare (U.S.), SigmaCare (U.S.), Optimus EMR (U.S.), and Health MEDX LLC (U.S.).

Regional Coverage:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Russia
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe 
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia Pacific 
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America

Objectives of this Report:

  • To offer a thorough study of the long-term care software market by product, end user, and region.
  • Providing comprehensive information on market growth influences (drivers, restraints, opportunities, and industry-specific restraints).
  • Evaluating and forecasting micro markets as well as the overall market
  • Calculating market sizes in key regions such as the Middle East, Africa, South America, Asia-Pacific, and North America.
  • Mapping the competitive landscape and tracking product launches, technological advancements, mergers, and expansions

Key Questioned Answered in the Report:

  • Which region dominates the global market for long-term care software?
  • How fast is the global market for long-term care software growing?
  • What topics are covered in the study on the global long-term care software market?
  • Who are the leading companies in the global market for long-term care software?
  • How long has this market been under investigation?

Customization of the market analysis:

This research is tailored to match your individual needs:

  • By customer-specific demand of additional customization including type, country, and application market analysis
  • by potential listing of customers and pricing assessment
  • Type-specific competitive analysis
  • By sub – segments.

For more information, contact: sales@quincemarketinsights.com