Abstract
Summary
Global Long-term Care Software Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Long term care software can be defined as tools to manage workflows, data, tracking and administration of long term care facilities, patients and staff. Moreover these tools also helps in providing insights towards true interoperability, insightful analytics, and streamlined communication between patients and care providers. the rising digital transformation in healthcare industry and rising scarcity of skilled labour are key factor driving the market growth.
The rising digitization in healthcare sector is contributing towards the growth of the global Long term Care Software Market. For instance- as per statista - In 2019, the global digital health market was worth an estimated $175 billion. 2019-2025 He Expected CAGR of nearly 25% The digital health market is projected to reach approximately $660 billion by 2025. Also, growing expansion of healthcare investment and changing population demographic worldwide is contributing towards the market growth over the forecast period. However, the high cost of Long-term Care Software stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Long-term Care Software Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and increasing prevalence of chronic disease in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, and rising digitization in healthcare sector in the region.
Major market player included in this report are:
Cerner Corporation
Omnicare Inc.
AOD Software
Kronos
PointClickCare
Omnicell, Inc
McKesson Corporation
Allscripts Healthcare Solutions, Inc.
MatrixCare
SigmaCare
Recent Developments in the Market:
In September 2022, RedSail Technologies has launched and implemented Axys® by Integra, an all-new cloud-based pharmacy management system.
Global Long-term Care Software Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Deployment Mode, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product
Electronic Health Records
E-prescribing
Clinical Decision Support Systems
Other
By Deployment Mode
On-premise
Cloud
By End User
Home
Healthcare Agencies
Hospice Care Facilities
Nursing Homes and Assisted Living Facilities
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Table of Contents
1 Executive Summary
1.1 Market Snapshot
1.2 Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1 Long-term Care Software Market, by Region, 2019-2029 (USD Billion)
1.2.2 Long-term Care Software Market, by Product, 2019-2029 (USD Billion)
1.2.3 Long-term Care Software Market, by Deployment Mode, 2019-2029 (USD Billion)
1.2.4 Long-term Care Software Market, by End User, 2019-2029 (USD Billion)
1.3 Key Trends
1.4 Estimation Methodology
1.5 Research Assumption
2 Global Long-term Care Software Market Definition and Scope
2.1 Objective of the Study
2.2 Market Definition & Scope
2.2.1 Scope of the Study
2.2.2 Industry Evolution
2.3 Years Considered for the Study
2.4 Currency Conversion Rates
3 Global Long-term Care Software Market Dynamics
3.1 Long-term Care Software Market Impact Analysis (2019-2029)
3.1.1 Market Drivers
- 3.1.1.1 Increasing digital transformation in healthcare sector
- 3.1.1.2 Growing scarcity of skilled nursing staff
3.1.2 Market Challenges
- 3.1.2.1 High Cost of Long-term Care Software solutions
3.1.3 Market Opportunities
- 3.1.3.1 Growing healthcare investment in developing regions
- 3.1.3.2 Changing population demographics across the globe
4 Global Long-term Care Software Market Industry Analysis
4.1 Porter’s 5 Force Model
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Threat of Substitutes
4.1.5 Competitive Rivalry
4.2 Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3 PEST Analysis
4.3.1 Political
4.3.2 Economical
4.3.3 Social
4.3.4 Technological
4.4 Top investment opportunity
4.5 Top winning strategies
4.6 Industry Experts Prospective
4.7 Analyst Recommendation & Conclusion
5 Risk Assessment: COVID-19 Impact
5.1 Assessment of the overall impact of COVID-19 on the industry
5.2 Pre COVID-19 and post COVID-19 Market scenario
6 Global Long-term Care Software Market, by Product
6.1 Market Snapshot
6.2 Global Long-term Care Software Market by Product, Performance - Potential Analysis
6.3 Global Long-term Care Software Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
6.4 Long-term Care Software Market, Sub Segment Analysis
6.4.1 Electronic Health Records
6.4.2 E-prescribing
6.4.3 Clinical Decision Support Systems
6.4.4 Other
7 Global Long-term Care Software Market, by Deployment Mode
7.1 Market Snapshot
7.2 Global Long-term Care Software Market by Deployment Mode, Performance - Potential Analysis
7.3 Global Long-term Care Software Market Estimates & Forecasts by Deployment Mode 2019-2029 (USD Billion)
7.4 Long-term Care Software Market, Sub Segment Analysis
7.4.1 On Premises
7.4.2 Cloud
8 Global Long-term Care Software Market, by End User
8.1 Market Snapshot
8.2 Global Long-term Care Software Market by End User, Performance - Potential Analysis
8.3 Global Long-term Care Software Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
8.4 Long-term Care Software Market, Sub Segment Analysis
8.4.1 Home
8.4.2 Healthcare Agencies
8.4.3 Hospice Care Facilities
8.4.4 Nursing Homes and Assisted Living Facilities
9 Global Long-term Care Software Market, Regional Analysis
9.1 Long-term Care Software Market, Regional Market Snapshot
9.2 North America Long-term Care Software Market
9.2.1 U.S. Long-term Care Software Market
- 9.2.1.1 Product breakdown estimates & forecasts, 2019-2029
- 9.2.1.2 Deployment Mode breakdown estimates & forecasts, 2019-2029
- 9.2.1.3 End User breakdown estimates & forecasts, 2019-2029
9.2.2 Canada Long-term Care Software Market
9.3 Europe Long-term Care Software Market Snapshot
9.3.1 U.K. Long-term Care Software Market
9.3.2 Germany Long-term Care Software Market
9.3.3 France Long-term Care Software Market
9.3.4 Spain Long-term Care Software Market
9.3.5 Italy Long-term Care Software Market
9.3.6 Rest of Europe Long-term Care Software Market
9.4 Asia-Pacific Long-term Care Software Market Snapshot
9.4.1 China Long-term Care Software Market
9.4.2 India Long-term Care Software Market
9.4.3 Japan Long-term Care Software Market
9.4.4 Australia Long-term Care Software Market
9.4.5 South Korea Long-term Care Software Market
9.4.6 Rest of Asia Pacific Long-term Care Software Market
9.5 Latin America Long-term Care Software Market Snapshot
9.5.1 Brazil Long-term Care Software Market
9.5.2 Mexico Long-term Care Software Market
9.5.3 Rest of Latin America Long-term Care Software Market
9.6 Rest of The World Long-term Care Software Market
10 Competitive Intelligence
10.1 Top Market Strategies
10.2 Company Profiles
10.2.1 Cerner Corpration
- 10.2.1.1 Key Information
- 10.2.1.2 Overview
- 10.2.1.3 Financial (Subject to Data Availability)
- 10.2.1.4 Product Summary
- 10.2.1.5 Recent Developments
10.2.2 Omnicare Inc
10.2.3 AOD Software
10.2.4 Kronos
10.2.5 PointClickCare
10.2.6 Omnicell, Inc
10.2.7 McKesson Corporation
10.2.8 Allscripts Healthcare Solutions, Inc
10.2.9 MatrixCare
10.2.10 SigmaCare
11 Research Process
11.1 Research Process
11.1.1 Data Mining
11.1.2 Analysis
11.1.3 Market Estimation
11.1.4 Validation
11.1.5 Publishing
11.2 Research Attributes
11.3 Research Assumption