Press release
Long Term Care Software Market Size, Share, Trend Analysis, Segmentation And Forecast To 2033
Long Term Care Software Market Analysis
The Business Research Company offers in-depth market insights through Long Term Care Software Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The long term care software market size has grown rapidly in recent years. It will grow from $4.32 billion in 2023 to $4.84 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to aging population dynamics, regulatory compliance requirements, rising healthcare costs, integration of electronic health records (ehr), focus on patient-centric care..
The long term care software market size is expected to see rapid growth in the next few years. It will grow to $7.89 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to rising consumer expectations, telehealth integration, interoperability requirements, rise of home-based care, data security and privacy concerns.. Major trends in the forecast period include person-centered care, compliance with regulatory standards, enhanced data security measures, telehealth integration, patient and family engagement tools..
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Market Segmentation:
The long term care software market covered in this report is segmented -
1) By Product: Clinical Software, Non-Clinical Solutions
2) By Deployment Type: Web-Based, On-Premises, Cloud-Based
3) By End-User: Home Healthcare Agencies, Hospice Care Facilities, Nursing Homes And Assisted Living Facilities
Major Driver - Surge In Healthcare Organizations Fuels Growth In Long-Term Care Software Market
The rising number of healthcare organizations is expected to propel the growth of the long-term care software market going forward. A healthcare organization (HCO) is any legal entity that is a healthcare, medical association that influences the prescription, order, supply, utilization, and sale of medical technologies or related services. The healthcare organizations use long-term care software services for the safe exchange of patient data, better patient outcomes, faster treatment, multidevice synchronization, and others. Therefore, a rising number of healthcare organizations are driving the growth of the long-term care software market. For instance, in November 2022, according to the Federal University of Rio Grande do Sul, a Brazil-based public federal research university, 848 active chronic dialysis centers were registered in 2021 at the Brazilian Society of Nephrology, 1.8% higher than that of dialysis centers registered in 2020. Hence, the rising number of healthcare organizations is driving the long-term care software market.
Competitive Landscape:
Major companies operating in the long term care software market report are McKesson Corporation, Optimus EMR Inc., PointClickCare Corp., Matrixcare Inc., Allscripts Healthcare Solutions Inc., Kronos Incorporated, AOD SoftwareLLC, Netsmart Technologies Inc., Yardi Systems Inc., Eldermark LLC, ADL Data Systems Inc., HealthMEDX LLC, Intellitec Solutions, BlueStrata EHR Software Inc., Wellsky Corporation, LinTech Global LLC, Epic Systems Corporation, Medtelligent Inc., Omnicell Inc., SigmaCare by MatrixCare a ResMed Company, Computer Programs and Systems Inc., Sanvis Health LLC, CareVoyant Inc., Caremerge Inc., CareSoft Inc., CareTracker Inc., Health Care Software Inc., LifeLoop LLC, OnShift Inc., RealPage Inc., Senior Insight Inc., Senior Living Technologies LLC, Seniorsoft Development Co.Ltd., SimpleLTC, SmartLinx Solutions LLC, SoftWriters Inc., Storii Limited, Team TSI Corporation Inc., Vitals Software Inc. .
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Top Trend - Technological Solutions Transform The Long-Term Care Software Market
Technological advancements are a key trend gaining popularity in the long-term care software market. Major companies operating in the long-term care software market are adopting new technologies to sustain their position in the market. For instance, in February 2022, Creative Solutions in Healthcare, a US-based healthcare company, launched a software platform, Connected Care Center. Connected Care Center is a user-friendly and easily accessible resident health information hub that allows residents, authorized families and friends to see up-to-date health data.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Long Term Care Software Market Characteristics
3. Long Term Care Software Market Trends And Strategies
4. Long Term Care Software Market - Macro Economic Scenario
5. Long Term Care Software Market Size And Growth
…..
27. Long Term Care Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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