IMARC Group, a leading market research company, has recently releases report titled “Long-Term Care Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global long term care software market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Long-term care software is a specialized solution that is designed to streamline and enhance the management and administration of long-term care facilities. It offers a wide range of features to facilitate efficient patient care, staff management, billing and invoicing, electronic health records (EHR) management, medication administration, and overall facility operations. Besides this, it aids in optimizing workflows and providing high-quality care while maintaining operational efficiency.
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.
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At present, the rising demand for long-term care software, as it provides real-time communication, medication reminders, and remote access to patient data, represents one of the major factors supporting the growth of the market. Besides this, the growing focus on regulatory compliance and quality reporting in the healthcare industry is offering a positive market outlook.
Additionally, the rising employment of long-term care software, as it eliminates the need for manual paperwork, reduces the risk of errors, and enables efficient resource allocation, is offering lucrative growth opportunities to industry investors. Apart from this, the increasing adoption of software solutions that enhance communication and care planning, and documentation and ensure individualized care delivery is positively influencing the market.
Furthermore, the rising integration of electronic health records (EHR) in long-term care software that allows seamless access to patient information, medication history, and treatment plans is strengthening the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
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
Who are the key players operating in the industry?
The report covers the major market players including:
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
Yardi Systems Inc.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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