Press release
Explosive Growth in Long Term Care Software: CAGR of 10.9% (2024-2025), Rising to 14.9% (2025-2029) Driven by Aging Population, EHR, Patient-Centric Care, Telehealth Integration
Long Term Care Software Market Size
What Is The Projected Market Size Of The Global Long Term Care Software Market And Its Growth Rate?
Presenting key market growth indicators:
• The long-term care software market size will grow from $4.74 billion in 2024 to $5.25 billion in 2025 at a CAGR of 10.9%.
• Historic growth is attributed to aging population dynamics, regulatory compliance requirements, escalating healthcare costs, integration of electronic health records (EHR), and focus on patient-centric care.
• The market size is projected to expand rapidly, reaching $9.15 billion in 2029 at a CAGR of 14.9%.
• Anticipated growth in the forecast period is linked to rising consumer expectations, telehealth integration, interoperability requirements, home-based care, data security and privacy concerns.
What Is Driving The Growth In The Long Term Care Software Market?
The long-term care software market is being propelled by the rise in healthcare organizations, which has increased demand for efficient and secure patient data exchange, leading to better outcomes, faster treatment, and multidevice synchronization. A 2.7% increase in chronic dialysis centres registered with the Brazilian Society of Nephrology in July 2022, as per the Brazilian Dialysis Survey 2022, exemplifies this growth.
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Who Are the Key Players Driving Long Term Care Software Market Growth?
• McKesson Corporation
• Optimus EMR Inc.
• PointClickCare Corp.
• Matrixcare Inc.
• Allscripts Healthcare Solutions Inc.
• AOD SoftwareLLC
• Netsmart Technologies Inc.
• Yardi Systems Inc.
• Eldermark LLC
• ADL Data Systems Inc.
• HealthMEDX LLC
• Intellitec Solutions
• BlueStrata EHR Software Inc.
• Wellsky Corporation
• Epic Systems Corporation
• Medtelligent Inc.
What Are The Key Trends In The Long Term Care Software Market?
Major market trends include:
• Focus on person-centered care
• Compliance with regulatory standards
• Enhancement of data security measures
• Telehealth integration
• Development of patient and family engagement tools
What Are The Segments Of The Global Long Term Care Software Market?
• Product: Clinical Software, Non-Clinical Solutions
• Deployment Type: Web-Based, On-Premises, Cloud-Based
• End-User: Home Healthcare Agencies, Hospice Care Facilities, Nursing Homes And Assisted Living Facilities
Which Region Leads The Long Term Care Software Market?
North America led the global long term care software market in 2024. The study covers the Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa regions.
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What Is Covered In The Long Term Care Software Market Global Market Report?
- Market Size Analysis: Analyze the Long Term Care Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Long Term Care Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Long Term Care Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Long Term Care Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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