Global Long-term Care Software Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028

The Long-Term Care Software Market Report has been segmented as per deployment, end-user, and region.

Global Long-term Care Software Market: Overview

The Long-Term Care Software Market was valued at $21.40 million in 2021 & is projected to reach $54.52 million by 2027. It is expected to grow at a 12.4% CAGR between 2021 and 2027.

Long-term care software is fully-integrated with electronic health records, 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, reduces 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 include a user-friendly graphical user interface, a centralized database, and others that support for rapid adoption of this software across the globe.

Global Long-term Care Software Market: Dynamics

Increasing digitalization in the healthcare industry and rising development in healthcare infrastructure across the globe are major factors driving the growth of the global long-term care software market.

In addition, increasing adoption of technological solutions in the healthcare sector and a growing number of healthcare organizations in developing and developed countries are other factors projected to propel the growth of the target market.

The increasing adoption of mobile devices in the healthcare industry and the rising aging population across the globe result in the growing demand for long-term care software across various countries.

These are some other factors projected to fuel the growth of the global market during the forecast period.

In addition, the increasing prevalence of chronic diseases and rising healthcare expenditure across the globe are expected to drive the growth of the target market over the forecast period.

Furthermore, increasing adoption of long-term care software among nursing homes, hospice care facilities providers, 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 the growth of the target market in the next 10 years.

However, major factors expected to hamper the 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 the highest growth in the global long-term care software market, owing to the 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 American 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 the Asia Pacific and Europe are expected to register substantial growth in the global market, owing to rapid development in the 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 the market in Latin America over the forecast period.

Global Long-term Care Software Market Segmentation:

Segmentation by Deployment:

• Cloud-based
• Web-based
• On-premise

Segmentation by End User:

• Nursing Homes
• Home Healthcare Agencies
• Hospice Care Facilities Provider

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa