Long term care software market is expected to grow at a CAGR of 12.5% by 2027, with rising investments towards healthcare infrastructure development: says Absolute Markets Insights

Long term care software market is witnessing a notable growth. The overall long term care software market stood at USD 1,833.82 Mn in the year 2018 and is expected to grow at a CAGR of 12.5% during the forecast period (2019 – 2027). As spending of countries towards caring of patients, with prolonged illness and ageing individuals, is increasing, demand for related technologies and solutions is simultaneously rising. In the present scenario, the U.S. spends close to 4% of its GDP on long term care, while for Western European countries, the spending is around (2 – 3)% of the GDP. As the healthcare industry continues to invest on technology for optimization of its operations, the demand for advanced software technologies and platforms would exhibit increase in demand. The demand for long term care software in developing regions is relatively lesser, however, in ageing countries such as Japan, the adoption of such technologies is rising. In terms of mode-of-delivery, on-premise software holds a larger share of the market. However, in coming years, cloud based software would witness a faster growth with rising adoption among small and medium sized healthcare service providers.

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“With rising focus towards optimization of day-to-day operations, innovative IT solutions would continue to gain traction. One amongst such solutions is long term care software. The software platform is significantly useful for maintaining patient data and records and also for daily care activities of patients. This is estimated to steer the growth of long term care software market in the coming years.”

The detailed research study provides qualitative and quantitative analysis of the long term care software market. The market has been analyzed from demand as well as supply side. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa and Latin America.

Some of the players operating in the long term care software market are Allscripts Healthcare Solutions, Inc, BlueStrata EHR, Cerner Corporation, MatrixCare, McKesson Corporation, Omnicell, Inc., Optimus EMR and PointClickCare.

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By Mode of Delivery
o Web-Based
o On Premises
o Cloud-Based

By Application
o Hospital
o CCRCs
o Nursing Home

By Region
o North America
o U.S.
o Canada
o Mexico
o Rest of North America
o Europe
o France
o The UK
o Spain
o Germany
o Italy
o Nordic Countries
 Denmark
 Finland
 Iceland
 Norway
 Sweden
o The Benelux Union
 Belgium
 the Netherlands
 Luxemburg
o Rest of Europe
o Asia Pacific
o China
o Japan
o India
o Australia
o New Zealand
o Southeast Asia
 Indonesia
 Thailand
 Malaysia
 Singapore
 Rest of Southeast Asia
o Rest of Asia Pacific
o Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest of Middle East & Africa
o Latin America
o Brazil
o Argentina
o Rest of Latin America

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Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.
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This release was published on openPR.