Global Long-term Care Software Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
“Global Long-term Care Software Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global long-term care software market report has been segmented as per deployment, end user, and region.
Global Long-term Care Software Market: Overview
Long-term care software is fully-integrated with electronic health record, business intelligence and billing solution that provides healthcare facilities to improve residential care, manage multiple levels and maintain compliance with a single software solution. The software provides high-quality healthcare service coupled with several benefits such as accurate information, boosts productivity and efficiency, reduce data redundancy, saves time, and others. In addition, long-term care software provides automatic inter-facility accounting, consolidated reports for many facilities, and saves and maintains records over long periods of time. Different features associated with this software including user-friendly graphical user interface, centralized database, and others support for rapid adoption of this software across the globe.
Global Long-term Care Software Market: Dynamics
Increasing digitalization in healthcare industry and rising development in healthcare infrastructure across the globe are major factors driving growth of the global long-term care software market. In addition, increasing adoption of technological solutions in healthcare sector and a growing number of healthcare organizations in developing and developed countries are other factors projected to propel growth of the target market.
Increasing adoption of mobile devices in the healthcare industry and rising aging population across the globe resulting in growing demand for long-term care software across various countries. These are some other factors projected to fuel growth of the global market during the forecast period. In addition, increasing prevalence of chronic diseases and rising healthcare expenditure across the globe are expected to drive growth of the target market over the forecast period.
Furthermore, increasing adoption of long-term care software among nursing homes, hospice care facilities provider, and others across the globe. Growing awareness about several features associated with software such as centralized database, compliance and safety, staff management, marketing and customer relationship management, and others. These are among other factors expected to support growth of the target market in the next 10 years.
However, major factors expected to hamper growth of the global long-term care software market includes high software initial and maintenance cost and low adoption of long-term care software in some areas of the globe.
Global Long-term Care Software Market: Segment Analysis
Among the deployment segments, the cloud-based segment is expected to register highest growth in the global long-term care software market, 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.
Global Long-term Care Software Market: Region Analysis
The North America long-term care software market is projected to dominate the global market over the forecast period, owing to the high adoption of long-term care software in countries in the region. Market in Asia Pacific and Europe are expected to register substantial growth in the global market, 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. Market in Middle East & Africa is estimated to register moderate growth in the global market followed by market in Latin America over the forecast period.
Global Long-term Care Software Market Segmentation:
Segmentation by Deployment:
Segmentation by End User:
- Nursing Homes
- Home Healthcare Agencies
- Hospice Care Facilities Provider
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Cerner Healthcare Solutions, Inc.
- HealthMEDX, Inc.
- Allscripts Healthcare Solutions, Inc.
- Optimus EMR, Inc.
- MatrixCare, Inc.
- McKesson Corporation
- Omnicare, Inc.
- PointClickCare Corp.
- AOD Software
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