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Long-Term Care Software Market to Cross USD 7.33 billion by 2030 owing to increasing number of elderly people.

02-12-2024 02:29 PM CET | Health & Medicine

Press release from: SNS Insider Pvt Ltd

Long-Term Care Software Market

Long-Term Care Software Market

The SNS Insider report indicates that the Long-Term Care Software Market was valued at USD 2.77 billion 2022, and is expected to reach market size of USD 7.33 billion by 2030, with a compound annual growth rate (CAGR) of 12.9% expected over the forecast period from 2023 to 2030.

Based on SNS Insider's research, the software for Mobile Devices and Kiosks makes it possible to collect and project patient behaviour, symptoms etc. without the use of manual efforts.

Long-Term Care Software Market Report Scope -

The industry sits on an influx of innovation; the integration of artificial intelligence-based solutions that aid diagnosis and treatments reflect the broad benefits of transitioning to an increasingly digital-centric healthcare system. Moreover, the sector's offering has been significantly enhanced thanks to advances in cloud technology and remote monitoring of patients, which have further strengthened its market position. At the same time, the growth of the global long term care software market is driven by an increase in global healthcare expenditure, reflecting a concerted effort to maintain standards of patient care in a digital world.

Get sample PDF Of Long-Term Care Software Market Report@ https://www.snsinsider.com/sample-request/2402

The Major Key Players in Long-Term Care Software
-AOD Software,
-Cerner Corporation,
-Allscripts Healthcare Solutions, Inc.,
-Health MEDX LLC,
-MatrixCare,
-Kronos,
-Optimus EMR,
-McKesson Corporation,
-Omnicare Inc.,
-Sigma Care,
-Omnicell, Inc,
-Point Click Care
-and Other Players.

Long-Term Care Software Market Opportunities-

Increasing awareness of diseases amongst individuals, the development of healthcare infrastructure and access to government funding are anticipated to increase demand for long term care LTC software markets. Furthermore, the increasing number of healthcare organizations (HCOs) is expected to further contribute to the growth of the LTC software market in the future. A healthcare organisation shall be any legal person, such as a health care provider or medical association, which is responsible for the prescribing, ordering, dispensing, use and sale of medicinal products or associated services.

Long-Term Care Software Segmentation Analysis -

By Product Type
-Electronic Health Records
-E-prescribing
-Clinical Decision Support Systems
-Real-Time Location Systems
-Remote Patient Monitoring Systems
-Billing, Invoicing, and Scheduling Software

By Deployment Mode
-On-premise
-Cloud

By End User
-Home Healthcare Agencies
-Hospice Care Facilities
-Nursing Homes and Assisted Living Facilities

Based on deployment type, users can access vital data and applications in a secure way from anywhere on the internet using this Web Based System. In the case of long-term care facilities, which often demand that staff must be able to see patients' records and management tools from a number of points in and out of the facility, this degree of flexibility is especially beneficial. In addition, the upfront capital investment required for traditional on premises software solutions is significantly reduced by using a web-based deployment model.

Based on end user, to enable people to age in place while receiving the necessary care, home care agencies specialize in providing healthcare services in the comfort of their own homes. It is designed to allow efficient coordination of care between healthcare professionals, caregivers and patients' families through features such as patient schedules, caregiver assignments or realtime communication tools.

Need Customized Report as per Your Business Requirement Ask Here @ https://www.snsinsider.com/enquiry/2402

Key Regional Development -

The overall market is expected to be dominated by North America during the projected period. The ageing population and favourable public policies, as well as the existence of universal insurance cover, contribute to this trend. The United States has the largest market share in North America. The high adoption rate of new technology software services in the country is a major reason for this. For instance, the Drug Enforcement Administration (DEA) allowed practitioners to write prescriptions for controlled substances electronically. This should reduce the number of prescription errors caused by illegibly written prescriptions.

Asia Pacific is expected to have the highest growth in the long-term care software market as a result of government initiatives undertaken by emerging economies like India, China and Japan.

Key Takeaway from Long-Term Care Software Market Study-

SWOT analysis of the main brands, highlighting weaknesses, strengths, opportunities and risks. The results show that business owners planning to develop their marketing and branding strategies are using the data effectively.

For enterprises that intend to explore new areas, the regional business performance described in the Market Research Report would be of great importance. The report is also taking a closer look at growth trends and the structure of industry chains, in addition to examining market dynamics.

Recent Development Related to Long-Term Care Software Market -

In September 2022, RedSail Technologies is pleased to announce the launch and deployment of our new long term care pharmacy management system, Axys, by Integra Health. Axys is a RedSailone cloud pharmacy management system specifically designed for the long-term care industry.

In June 2021, Eldermark has launched a new and improved Point of Care application for the senior care sector, Eldermark POC 2' In order to improve their clinical services, streamline operations and increase profitability while increasing the satisfaction of residents and families, this application enables customers to better track and manage operational data.

Buy Long-Term Care Software Market Report @ https://www.snsinsider.com/checkout/2402

Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3.Opportunities
3.4 Challenges
4. Impact Analysis
5. Value Chain Analysis
6. Porter's 5 forces model
7. PEST Analysis
8. Long-term Care Software Market Segmentation, By Product Type
8.1 Electronic Health Records
8.2 E-prescribing
8.3 Clinical Decision Support Systems
8.4 Real-Time Location Systems
8.5 Remote Patient Monitoring Systems
8.6 Billing, Invoicing, and Scheduling Software
9. Long-term Care Software Market Segmentation, By Deployment Mode
9.1 On-premise
9.2 Cloud
10. Long-term Care Software Market Segmentation, By End User
10.1 Home Healthcare Agencies
10.2 Hospice Care Facilities
10.3 Nursing Homes and Assisted Living Facilities
11. Regional Analysis
12. Company Profiles
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion

continued

Access Complete Report Details with Toc and Graphs@ https://www.snsinsider.com/reports/long-term-care-software-market-2402

Contact Us:
Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com

About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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