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Long-term Care Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

January 2023 | 142 pages | ID: L0B9174CBD32EN
IMARC Group

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The global long-term care software market size reached US$ 4.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.4 Billion by 2028, exhibiting a growth rate (CAGR) of 10.9% during 2023-2028.

Long-term care software refers to a technological service that provides access to patient medical information. It includes medication management, e-prescribing, electronic health records, patient monitoring, remote training, payroll software and real-time location systems. Long-term care software is largely integrated with electronic health record (EHR) systems that automate clinical documentation through digital storage. It assists in maintaining compliance, increasing patient care, minimizing data redundancy, managing revenue cycle and financial data, and storing and providing explicit patient information. As a result, this software is widely used across home healthcare agencies, hospital care facilities, nursing homes and assisted living facilities.

Long-term Care Software Market Trends:
The increasing geriatric population that are susceptible to developing chronic diseases across the globe is creating a positive outlook for the market. Long-term care software is widely used to keep records of all data for patients requiring long-term care. In line with this, the widespread product adoption amongst patients suffering from various medical conditions, such as diabetes, congestive heart failure, anemia, arthritis, gastroesophageal reflux disease, peripheral vascular disease, renal failure, and thyroid disorders is also favoring the market growth. Furthermore, various technological advancements, such as the integration of artificial intelligence (AI)-based solutions that provide personalized care services and assist in improving diagnosis and treatment, are providing a considerable boost to the market growth. Additionally, the increasing demand for cloud-based solutions and remote patient monitoring in the medical industry is positively impacting the market growth. Apart from this, rising healthcare expenditure, along with the implementation of various government initiatives to promote digitalization across the medical sector, are anticipated to drive the market further toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global long-term care software market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, deployment type and end user.

Breakup by Product:

Clinical Software
Non-Clinical Solutions

Breakup by Deployment Type:

Web-based
On-premises
Cloud-based

Breakup by End User:

Home Care Agencies
Hospice Care Facilities
Nursing Homes and Assisted Care

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Adl Data Systems Inc., American Healthtech Inc. (Computer Programs and Systems Inc.), Cerner Corporation, Eldermark, Matrixcare Inc. (ResMed Inc.), McKesson Corporation, Netsmart Technologies, Inc. (CVS Pharmacy Inc.), Omnicare Inc. (CVS Health Corporation), PointClickCare Corp, Wellsky Corporation and Yardi Systems Inc.

Key Questions Answered in This Report
1. What was the size of the global long-term care software market in 2022?
2. What is the expected growth rate of the global long-term care software market during 2023-2028?
3. What has been the impact of COVID-19 on the global long-term care software market?
4. What are the key factors driving the global long-term care software market?
5. What is the breakup of the global long-term care software market based on the product?
6. What is the breakup of the global long-term care software market based on the deployment type?
7. What are the key regions in the global long-term care software market?
8. Who are the key players/companies in the global long-term care software market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL LONG-TERM CARE SOFTWARE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT

6.1 Clinical Software
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Non-Clinical Solutions
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY DEPLOYMENT TYPE

7.1 Web-based
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 On-premises
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Cloud-based
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY END USER

8.1 Home Care Agencies
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Hospice Care Facilities
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Nursing Homes and Assisted Care
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Adl Data Systems Inc.
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2 American Healthtech Inc. (Computer Programs and Systems Inc.)
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
  14.3.3 Cerner Corporation
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 SWOT Analysis
  14.3.4 Eldermark
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5 Matrixcare Inc. (ResMed Inc.)
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
  14.3.6 McKesson Corporation
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7 Netsmart Technologies, Inc. (CVS Pharmacy Inc.)
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 SWOT Analysis
  14.3.8 Omnicare Inc. (CVS Health Corporation)
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
  14.3.9 PointClickCare Corp
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10 Wellsky Corporation
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 SWOT Analysis
  14.3.11 Yardi Systems Inc.
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Long-Term Care Software Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Long-Term Care Software Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Long-Term Care Software Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
Table 4: Global: Long-Term Care Software Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Long-Term Care Software Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Long-Term Care Software Market: Competitive Structure
Table 7: Global: Long-Term Care Software Market: Key Players

LIST OF FIGURES

Figure 1: Global: Long-Term Care Software Market: Major Drivers and Challenges
Figure 2: Global: Long-Term Care Software Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Long-Term Care Software Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Long-Term Care Software Market: Breakup by Product (in %), 2022
Figure 5: Global: Long-Term Care Software Market: Breakup by Deployment Type (in %), 2022
Figure 6: Global: Long-Term Care Software Market: Breakup by End User (in %), 2022
Figure 7: Global: Long-Term Care Software Market: Breakup by Region (in %), 2022
Figure 8: Global: Long-Term Care Software (Clinical Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Long-Term Care Software (Clinical Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Long-Term Care Software (Non-Clinical Solutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Long-Term Care Software (Non-Clinical Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Long-Term Care Software (Web-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Long-Term Care Software (Web-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Long-Term Care Software (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Long-Term Care Software (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Long-Term Care Software (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Long-Term Care Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Long-Term Care Software (Home Care Agencies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Long-Term Care Software (Home Care Agencies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Long-Term Care Software (Hospice Care Facilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Long-Term Care Software (Hospice Care Facilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Long-Term Care Software (Nursing Homes and Assisted Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Long-Term Care Software (Nursing Homes and Assisted Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: North America: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: North America: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: United States: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: United States: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Canada: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Canada: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Asia-Pacific: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Asia-Pacific: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: China: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: China: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Japan: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Japan: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: India: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: India: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: South Korea: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: South Korea: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Australia: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Australia: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Indonesia: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Indonesia: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Others: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Others: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Europe: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Europe: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Germany: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Germany: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: France: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: France: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: United Kingdom: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: United Kingdom: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Italy: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Italy: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Spain: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Spain: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Russia: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Russia: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Latin America: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Latin America: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Brazil: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Brazil: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Mexico: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Mexico: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Middle East and Africa: Long-Term Care Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Middle East and Africa: Long-Term Care Software Market: Breakup by Country (in %), 2022
Figure 72: Middle East and Africa: Long-Term Care Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Global: Long-Term Care Software Industry: SWOT Analysis
Figure 74: Global: Long-Term Care Software Industry: Value Chain Analysis
Figure 75: Global: Long-Term Care Software Industry: Porter's Five Forces Analysis


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