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Long Term Care Software Market 2020 Global Survey Report, COVID-19 Impact and Overwhelming Hike of Billion-Dollar Industry | Omnicell, Allscripts, Sunrise Senior Living, Atria Senior Living, CVS Health
Long Term Care Software Market
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The Long Term Care Software Market report can be better employed by both traditional and new players in the industry for complete knowhow of the market. The industry analysis report brings into focus important industry trends, market size, market share estimates, and sales volume that assist industry to speculate the strategies to increase return on investment (ROI). Moreover, the market document holds a substantial importance when it is about explaining market definition, classifications, applications and engagements. With the study of competitor analysis conducted in this Long Term Care Software Market report, industry can get fluency of the strategies of key players in the market that includes new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions.
Global Long Term Care Software Market is expected to grow with a healthy CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the increase in healthcare expenditure and rising need to lower healthcare costs.
Few of the major competitors currently working in the long term care software market are LTCG; Allscripts; Cerner Corporation; Intellitec Solutions; Sunrise Senior Living; Atria Senior Living, Inc.; ADL Data Systems, Inc.; CVS Health; Omnicell, Inc.; Netsmart Technologies, Inc.; ResMed; McKesson Corporation; Optimus EMR; PointClickCare; MatrixCare; BlueStrata EHR and Kronos Incorporated.
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Market Definition: Global Long Term Care Software Market
Long term care software is the technological service/solution that is used for meeting the clinical and non-clinical needs of patients and healthcare providers in hospitals, home care, nursing facilities and various other healthcare providing areas. These services provide ease of operations and better effectiveness in providing the healthcare facilities, thereby reducing healthcare costs and achieving efficiency.
Segmentation: Global Long Term Care Software Market
Long Term Care Software Market : By Product
Clinical Software
Non-Clinical Solutions
Long Term Care Software Market : By Deployment Type
Web-Based
On-Premise
Cloud-Based
Long Term Care Software Market : By End-User
Home Care Agencies
Hospice Care Facilities
Nursing Homes & Assisted Care
Long Term Care Software Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East & Africa
Key Developments in the Market:
In November 2018, ResMed announced that they had completed the USD 750 million acquisition of MatrixCare. This acquisition will complement and enhance the current services portfolio of ResMed for SaaS (Software-as-a-Service) for out-of-hospital patients.
In June 2018, McKesson Corporation announced that they had completed the acquisition of Medical Specialties Distributors for USD 800 million. This acquisition will help in McKesson Corporation in providing enhanced products and services to an even larger consumer base.
Long Term Care Software Market Drivers :
Increasing number of chronically ill patients which has been a result of increasing geriatric population; this factor is expected to act as a driver for the market growth
Lack of the skilled staff and professionals for the provision of proper healthcare services is expected to drive the market growth
Long Term Care Software Market Restraints :
Lack in adoption and persistence to stick with traditional methods of providing healthcare services and solutions is expected to restrain the market growth
Requirement of large capital funding for installation and maintenance of this service; this factor is expected to act as a restraint to the market growth
Table of Contents: Long Term Care Software Market
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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