U.S. Long Term Care Software Market Size, Share & Trends Analysis Report By Mode of delivery (Cloud-based, Web-based, On-premises), By Application, By End-use, And Segment Forecasts, 2023 - 2030
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U.S. Long Term Care Software Market Growth & Trends
The U.S. long term care software market size is expected to reach USD 2.9 billion by 2030, exhibiting a CAGR of 11.49% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing geriatric population and growing prevalence of chronic diseases are propelling the segment growth. Furthermore, increasing government efforts to boost healthcare software adoption in the healthcare system is likely to augment market growth.
With increasing life expectancy, the healthcare demand of the population is increasing. Long-term care software is widely used to track health data for patients. They are used by the LTC facilities such as nursing homes, home healthcare agencies, and senior living facilities for patient assessment, care notes, workflow management, billing, insurance, staff management, and others.
Various strategic initiatives such as collaborations, mergers, acquisitions, and new start-up funding are favoring the market growth. For instance, in June 2022, August Health raised USD 15 million in Series A funding led by General Catalyst and Matrix Partners. The company is developing a SaaS system for senior living facilities. In October 2022, Sentrics announced the acquisition of Connected Living, a U.S.-based senior living facilities resident engagement platform.
The COVID-19 pandemic severely impacted the LTC centers. As the elderly population was more susceptible to infections, the pressure on SNFs, assisted living facilities, and hospices increased. The nursing homes in the U.S. reported a high number of COVID infections among older people. Hence, to reduce human interactions, many of these facilities implemented software solutions for managing clinical and administrative functions. This led to the high adoption of LTC EHR software.
U.S. Long Term Care Software Market Report Highlights
U.S. Long Term Care Software Market Growth & Trends
The U.S. long term care software market size is expected to reach USD 2.9 billion by 2030, exhibiting a CAGR of 11.49% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing geriatric population and growing prevalence of chronic diseases are propelling the segment growth. Furthermore, increasing government efforts to boost healthcare software adoption in the healthcare system is likely to augment market growth.
With increasing life expectancy, the healthcare demand of the population is increasing. Long-term care software is widely used to track health data for patients. They are used by the LTC facilities such as nursing homes, home healthcare agencies, and senior living facilities for patient assessment, care notes, workflow management, billing, insurance, staff management, and others.
Various strategic initiatives such as collaborations, mergers, acquisitions, and new start-up funding are favoring the market growth. For instance, in June 2022, August Health raised USD 15 million in Series A funding led by General Catalyst and Matrix Partners. The company is developing a SaaS system for senior living facilities. In October 2022, Sentrics announced the acquisition of Connected Living, a U.S.-based senior living facilities resident engagement platform.
The COVID-19 pandemic severely impacted the LTC centers. As the elderly population was more susceptible to infections, the pressure on SNFs, assisted living facilities, and hospices increased. The nursing homes in the U.S. reported a high number of COVID infections among older people. Hence, to reduce human interactions, many of these facilities implemented software solutions for managing clinical and administrative functions. This led to the high adoption of LTC EHR software.
U.S. Long Term Care Software Market Report Highlights
- The cloud-based segment accounted for the largest revenue share in 2022 owing to its cost-effectiveness and high adaptation rate in hospitals.
- Based on application, the EHR segment accounted for the largest market share in the year 2022. The growth of the segment is attributed due to increased government initiatives for the implementation of EHR in healthcare facilities.
- Based on the end-use, the nursing home segment dominated the market in 2022. Home healthcare agencies are expected to have a significant growth rate during the forecast period.
CHAPTER 1 REPORT SCOPE AND OBJECTIVES
1.1 Market Segmentation
1.2 Regional Scope
1.3 Estimates and Forecast Timeline
1.4 Research Objectives
1.4.1 Objective -
1.4.2 Objective -
1.4.3 Objective -
CHAPTER 2 METHODOLOGY
2.1 Research Methodology
2.2 Information Procurement
2.2.1 Purchased Database
2.2.2 GVR’s Internal Database
2.2.3 Secondary Sources
2.2.4 Primary Research
2.2.5 Details of Primary Research
2.3 Information or Data Analysis
2.3.1 Data Analysis Models
2.4 Market Formulation & Validation
2.5 Model Details
2.5.1 Commodity Flow Analysis
2.6 List of Secondary Sources
2.7 List of Abbreviations
CHAPTER 3 EXECUTIVE SUMMARY
3.1 Market Outlook
3.1.1 Segment Outlook
3.1.2 Competitive Scenario
3.2 Market Snapshot
3.3 Market Segmentation
3.4 Competitive Landscape
CHAPTER 4 MARKET VARIABLES, TRENDS & SCOPE
4.1 Market Lineage outlook
4.1.1 Parent market outlook
4.1.2 Ancillary/related market outlook
4.2 Market Dynamics
4.2.1 Market driver analysis
4.2.2 Market restraint analysis
4.3 Business Environment Analysis Tools
4.3.1 Porter’s Five Forces analysis
4.3.1.1 Competitive rivalry
4.3.1.2 Threat of new entrants
4.3.1.3 Bargaining power of buyers
4.3.1.4 Bargaining power of suppliers
4.3.1.5 Threat of substitutes
4.3.2 PESTEL Analysis
4.3.2.1 Political landscape
4.3.2.2 Economic and social landscape
4.3.2.3 Technological landscape
4.4 Impact of COVID-19: Qualitative Analysis
CHAPTER 5 U.S. LONG TERM CARE SOFTWARE MARKET: MODE OF DELIVERY ANALYSIS
5.1 U.S. Long Term Care Software Mode of Delivery Market Share Analysis, 2022 & 2030
5.2 U.S. Long Term Care Software Mode of Delivery Market: Segment Dashboard
5.3 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Mode of Delivery Segment
5.3.1 Cloud-based
5.3.1.1 Cloud-based market, 2018 - 2030 (USD Million)
5.3.2 Web-based
5.3.2.1 Web-based market, 2018 - 2030 (USD Million)
5.3.3 On-premises
5.3.3.1 On-premises market, 2018 - 2030 (USD Million)
CHAPTER 6 U.S. LONG TERM CARE SOFTWARE MARKET: APPLICATION ANALYSIS
6.1 U.S. Long Term Care Software Application Market Share Analysis, 2022 & 2030
6.2 U.S. Long Term Care Software Application Market: Segment Dashboard
6.3 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Application Segment
6.3.1 Electronic Health Records
6.3.1.1 Electronic health records market, 2018 - 2030 (USD Million)
6.3.2 Electronic Medication Administration Record (eMAR)
6.3.2.1 Electronic Medication Administration Record (eMAR) market, 2018 - 2030 (USD Million)
6.3.3 Revenue Cycle Management
6.3.3.1 Revenue cycle management market, 2018 - 2030 (USD Million)
6.3.4 Resident Care
6.3.4.1 Resident care market, 2018 - 2030 (USD Million)
6.3.5 Staff Management
6.3.5.1 Staff management market, 2018 - 2030 (USD Billion)
6.3.6 Others
6.3.6.1 Others market, 2018 - 2030 (USD Million)
CHAPTER 7 U.S. LONG TERM CARE SOFTWARE MARKET: END-USE ANALYSIS
7.1 U.S. Long Term Care Software End-use Market Share Analysis, 2022 & 2030
7.2 U.S. Long Term Care Software End-use Market: Segment Dashboard
7.3 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Facility Segment
7.3.1 Home Healthcare Agencies
7.3.1.1 Home healthcare agencies market, 2018 - 2030 (USD Million)
7.3.2 Hospice & Palliative Care
7.3.2.1 Hospice & palliative care market, 2018 - 2030 (USD Million)
7.3.3 Nursing Homes
7.3.3.1 Nursing homes market, 2018 - 2030 (USD Million)
7.3.4 Assisted Living Facilities
7.3.4.1 Assisted living facilities market, 2018 - 2030 (USD Million)
CHAPTER 8 COMPETITIVE ANALYSIS
8.1 Participant’s Overview
8.2 Financial Performance
8.3 Participant Categorization
8.3.1 Company market position analysis
8.3.2 Strategy mapping
8.3.2.1 New software launch
8.3.2.2 Partnerships
8.3.2.3 Collaboration
8.3.3.4 Mergers & Acquisitions
8.4 Company
8.4.1 Yardi Systems, Inc.
8.4.2 eFileCabinet, Inc.
8.4.3 VITALS SOFTWARE
8.4.4 Allscripts Healthcare LLC
8.4.5 Medtelligent, Inc.
8.4.6 Genexod Technologies LLC
8.4.7 PointClickCare
8.4.8 Oracle
8.4.9 Netsmart Technologies, Inc.
8.4.10 MatrixCare
8.4.11 AL Advantage, LLC
1.1 Market Segmentation
1.2 Regional Scope
1.3 Estimates and Forecast Timeline
1.4 Research Objectives
1.4.1 Objective -
1.4.2 Objective -
1.4.3 Objective -
CHAPTER 2 METHODOLOGY
2.1 Research Methodology
2.2 Information Procurement
2.2.1 Purchased Database
2.2.2 GVR’s Internal Database
2.2.3 Secondary Sources
2.2.4 Primary Research
2.2.5 Details of Primary Research
2.3 Information or Data Analysis
2.3.1 Data Analysis Models
2.4 Market Formulation & Validation
2.5 Model Details
2.5.1 Commodity Flow Analysis
2.6 List of Secondary Sources
2.7 List of Abbreviations
CHAPTER 3 EXECUTIVE SUMMARY
3.1 Market Outlook
3.1.1 Segment Outlook
3.1.2 Competitive Scenario
3.2 Market Snapshot
3.3 Market Segmentation
3.4 Competitive Landscape
CHAPTER 4 MARKET VARIABLES, TRENDS & SCOPE
4.1 Market Lineage outlook
4.1.1 Parent market outlook
4.1.2 Ancillary/related market outlook
4.2 Market Dynamics
4.2.1 Market driver analysis
4.2.2 Market restraint analysis
4.3 Business Environment Analysis Tools
4.3.1 Porter’s Five Forces analysis
4.3.1.1 Competitive rivalry
4.3.1.2 Threat of new entrants
4.3.1.3 Bargaining power of buyers
4.3.1.4 Bargaining power of suppliers
4.3.1.5 Threat of substitutes
4.3.2 PESTEL Analysis
4.3.2.1 Political landscape
4.3.2.2 Economic and social landscape
4.3.2.3 Technological landscape
4.4 Impact of COVID-19: Qualitative Analysis
CHAPTER 5 U.S. LONG TERM CARE SOFTWARE MARKET: MODE OF DELIVERY ANALYSIS
5.1 U.S. Long Term Care Software Mode of Delivery Market Share Analysis, 2022 & 2030
5.2 U.S. Long Term Care Software Mode of Delivery Market: Segment Dashboard
5.3 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Mode of Delivery Segment
5.3.1 Cloud-based
5.3.1.1 Cloud-based market, 2018 - 2030 (USD Million)
5.3.2 Web-based
5.3.2.1 Web-based market, 2018 - 2030 (USD Million)
5.3.3 On-premises
5.3.3.1 On-premises market, 2018 - 2030 (USD Million)
CHAPTER 6 U.S. LONG TERM CARE SOFTWARE MARKET: APPLICATION ANALYSIS
6.1 U.S. Long Term Care Software Application Market Share Analysis, 2022 & 2030
6.2 U.S. Long Term Care Software Application Market: Segment Dashboard
6.3 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Application Segment
6.3.1 Electronic Health Records
6.3.1.1 Electronic health records market, 2018 - 2030 (USD Million)
6.3.2 Electronic Medication Administration Record (eMAR)
6.3.2.1 Electronic Medication Administration Record (eMAR) market, 2018 - 2030 (USD Million)
6.3.3 Revenue Cycle Management
6.3.3.1 Revenue cycle management market, 2018 - 2030 (USD Million)
6.3.4 Resident Care
6.3.4.1 Resident care market, 2018 - 2030 (USD Million)
6.3.5 Staff Management
6.3.5.1 Staff management market, 2018 - 2030 (USD Billion)
6.3.6 Others
6.3.6.1 Others market, 2018 - 2030 (USD Million)
CHAPTER 7 U.S. LONG TERM CARE SOFTWARE MARKET: END-USE ANALYSIS
7.1 U.S. Long Term Care Software End-use Market Share Analysis, 2022 & 2030
7.2 U.S. Long Term Care Software End-use Market: Segment Dashboard
7.3 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Facility Segment
7.3.1 Home Healthcare Agencies
7.3.1.1 Home healthcare agencies market, 2018 - 2030 (USD Million)
7.3.2 Hospice & Palliative Care
7.3.2.1 Hospice & palliative care market, 2018 - 2030 (USD Million)
7.3.3 Nursing Homes
7.3.3.1 Nursing homes market, 2018 - 2030 (USD Million)
7.3.4 Assisted Living Facilities
7.3.4.1 Assisted living facilities market, 2018 - 2030 (USD Million)
CHAPTER 8 COMPETITIVE ANALYSIS
8.1 Participant’s Overview
8.2 Financial Performance
8.3 Participant Categorization
8.3.1 Company market position analysis
8.3.2 Strategy mapping
8.3.2.1 New software launch
8.3.2.2 Partnerships
8.3.2.3 Collaboration
8.3.3.4 Mergers & Acquisitions
8.4 Company
8.4.1 Yardi Systems, Inc.
8.4.2 eFileCabinet, Inc.
8.4.3 VITALS SOFTWARE
8.4.4 Allscripts Healthcare LLC
8.4.5 Medtelligent, Inc.
8.4.6 Genexod Technologies LLC
8.4.7 PointClickCare
8.4.8 Oracle
8.4.9 Netsmart Technologies, Inc.
8.4.10 MatrixCare
8.4.11 AL Advantage, LLC
LIST OF TABLES
TABLE 1 List of secondary sources
TABLE 2 List of abbreviations
TABLE 3 U.S. U.S. long term care software market, by mode of delivery, 2018 - 2030 (USD Million)
TABLE 4 U.S. U.S. long term care software market, by application, 2018 - 2030 (USD Million)
TABLE 4 U.S. U.S. long term care software market, by end-use, 2018 - 2030 (USD Million)
TABLE 1 List of secondary sources
TABLE 2 List of abbreviations
TABLE 3 U.S. U.S. long term care software market, by mode of delivery, 2018 - 2030 (USD Million)
TABLE 4 U.S. U.S. long term care software market, by application, 2018 - 2030 (USD Million)
TABLE 4 U.S. U.S. long term care software market, by end-use, 2018 - 2030 (USD Million)
LIST OF FIGURES
FIG. 1 Market research process
FIG. 2 Information procurement
FIG. 3 Primary research pattern
FIG. 4 Market research approaches
FIG. 5 Value chain-based sizing & forecasting
FIG. 6 QFD modeling for market share assessment
FIG. 7 Market formulation & validation
FIG. 8 Market outlook
FIG. 9 Long term care software market segmentation
FIG. 10 Market trends & outlook
FIG. 11 Market driver relevance analysis (Current & future impact)
FIG. 12 Market restraint relevance analysis (Current & future impact)
FIG. 13 U.S. long term care software mode of delivery market share analysis, 2022 & 2030
FIG. 14 U.S. long term care software mode of delivery market: Segment dashboard
FIG. 15 Cloud-based market, 2018 - 2030 (USD Million)
FIG. 16 Web-based market, 2018 - 2030 (USD Million)
FIG. 17 On-premises market, 2018 - 2030 (USD Million)
FIG. 18 U.S. long term care software market application movement analysis, 2022 & 2030
FIG. 19 U.S. long term care software application market: Segment dashboard
FIG. 20 Electronic health records market, 2018 - 2030 (USD Million)
FIG. 21 Electronic medication administration record (eMAR)market, 2018 - 2030 (USD Million)
FIG. 22 Revenue cycle management market, 2018 - 2030 (USD Million)
FIG. 23 Resident care market, 2018 - 2030 (USD Million)
FIG. 24 Staff management market, 2018 - 2030 (USD Million)
FIG. 25 Others market, 2018 - 2030 (USD Million)
FIG. 26 U.S. long term care software market end-use movement analysis, 2022 & 2030
FIG. 27 U.S. long term care software end-use market: Segment dashboard
FIG. 28 Home healthcare agencies market, 2018 - 2030 (USD Million)
FIG. 29 Hospice & palliative care market, 2018 - 2030 (USD Million)
FIG. 30 Nursing homes market, 2018 - 2030 (USD Million)
FIG. 31 Assisted living facilities market, 2018 - 2030 (USD Million)
FIG. 32 Strategy mapping
FIG. 33 Competition Categorization
FIG. 34 Company market position analysis
FIG. 1 Market research process
FIG. 2 Information procurement
FIG. 3 Primary research pattern
FIG. 4 Market research approaches
FIG. 5 Value chain-based sizing & forecasting
FIG. 6 QFD modeling for market share assessment
FIG. 7 Market formulation & validation
FIG. 8 Market outlook
FIG. 9 Long term care software market segmentation
FIG. 10 Market trends & outlook
FIG. 11 Market driver relevance analysis (Current & future impact)
FIG. 12 Market restraint relevance analysis (Current & future impact)
FIG. 13 U.S. long term care software mode of delivery market share analysis, 2022 & 2030
FIG. 14 U.S. long term care software mode of delivery market: Segment dashboard
FIG. 15 Cloud-based market, 2018 - 2030 (USD Million)
FIG. 16 Web-based market, 2018 - 2030 (USD Million)
FIG. 17 On-premises market, 2018 - 2030 (USD Million)
FIG. 18 U.S. long term care software market application movement analysis, 2022 & 2030
FIG. 19 U.S. long term care software application market: Segment dashboard
FIG. 20 Electronic health records market, 2018 - 2030 (USD Million)
FIG. 21 Electronic medication administration record (eMAR)market, 2018 - 2030 (USD Million)
FIG. 22 Revenue cycle management market, 2018 - 2030 (USD Million)
FIG. 23 Resident care market, 2018 - 2030 (USD Million)
FIG. 24 Staff management market, 2018 - 2030 (USD Million)
FIG. 25 Others market, 2018 - 2030 (USD Million)
FIG. 26 U.S. long term care software market end-use movement analysis, 2022 & 2030
FIG. 27 U.S. long term care software end-use market: Segment dashboard
FIG. 28 Home healthcare agencies market, 2018 - 2030 (USD Million)
FIG. 29 Hospice & palliative care market, 2018 - 2030 (USD Million)
FIG. 30 Nursing homes market, 2018 - 2030 (USD Million)
FIG. 31 Assisted living facilities market, 2018 - 2030 (USD Million)
FIG. 32 Strategy mapping
FIG. 33 Competition Categorization
FIG. 34 Company market position analysis
