Dublin, May 25, 2023 (GLOBE NEWSWIRE) -- The "Long-Term Care Software: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Long-Term Care Software estimated at US$4.1 Billion in the year 2022, is projected to reach a revised size of US$9.4 Billion by 2030, growing at a CAGR of 11% over the analysis period 2022-2030.
Electronic Health Records (EHR), one of the segments analyzed in the report, is projected to record a 10.9% CAGR and reach US$5.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Payroll Management segment is readjusted to a revised 10.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 12.5% CAGR
The Long-Term Care Software market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 12.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.5% and 10% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.
Select Competitors (Total 280 Featured) -
- American HealthTech Inc.
- Cerner Corporation
- CVS Health
- Eldermark Software LLC
- Epic Systems Corporation
- Matrix Care
- McKesson Corporation
- Medtelligent Inc.
- Netsmart Technologies Inc.
- PointClickCare
- Sanvis Health, LLC
- Sompo Care Inc.
- Yardi Systems Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 779 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $4.1 Billion |
| Forecasted Market Value (USD) by 2030 | $9.4 Billion |
| Compound Annual Growth Rate | 10.9% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of COVID-19 and a Looming Global Recession
- World Shifts to an Endemic COVID-19 Strategy With Focus on Multilateral Approach to Managing Future Pandemics
- Why Multilateral Approach is Key to Dealing With Future Pandemics
- War & Inflation Supersedes COVID-19 as Major Downside Risks for the Global Economy in 2022
- Spillovers of Negative Inflationary Forces
- Ukraine War Causes Hardships
- Stubbornly High Inflation Set to Dampen Growth
- With Each Passing Day, the Risk of Stagflation is Rising
- After the Pandemic, Global Economic Uncertainty Surges Amidst War, Inflation, Political Tensions & Supply Chain Disruptions Aggravated by China's Slowdown: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
- Competition
- Long-Term Care Software - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Long-term Care Software - An Introduction
- Deploying an LTC Software Solution - Different Considerations
- Long-term Software Solutions for Various End-use Segments
- Global Market for LTC Software Set to Witness Steady Growth
- EHR Software Systems Dominate the Global Long-term Software Market
- Nursing Homes Management & Assisted Living Facilities - Key Adopters of Long-term Care Software
- North America and Europe Dominates, Asia-Pacific to Exhibit Fastest Growth
- Select Major LTC Software Solutions in the Market
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rise in Geriatric & Disabled Population Fuels Need for Long-term Care Technologies
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
- Life Expectancy at Birth in Years of People in Select Countries for 2020E
- Robust Adoption of Healthcare IT Provides the Foundation for the Growth of Long-term Care Software
- Growing Investments in Healthcare IT Opens a Parallel Line of Opportunity for Long-Term Care Software: Global Market for Healthcare IT (In US$ Million) for Years 2021, 2023, 2025 and 2027
- Assisted Living Facilities, Group Homes & Adult Foster Care Centers Feel the Pressure to Digitalize
- Long-Term Care Trends & Issues Magnifying Relevance of Long-Term Care Software
- Push Towards Digital Inclusion of the Elderly & Disabled in Long-Term Care Homes Strengthens the Business Case for Long-term Care Software
- Growing Efforts of Digital Inclusion of Patients in the Exploding Long-Term Care Market to Spur Adoption of Long-term Care Software: Global Opportunity for Long-Term Care Services (In US$ Billion) for Years 2022, 2024, 2026 and 2028
- Software Development Rises as the Key for Healthcare Future
- EHR Gains over Traditional Long-Term Care Options
- The Importance of Customized Software in Healthcare
- Sustained Advancements in Assistive Technologies & Focus on R&D Efforts to Boost Adoption
- IoT Solutions to Improve Senior Care and Help Seniors Community Live Independent Life
- World IoT Market: Number of Connected Devices (in Million) for Years 2016, 2018, 2020 and 2022
- Shift towards Home Healthcare Augurs Well for the Market
- Government Efforts to Reduce Healthcare Expenditure and Improve Infrastructure Support Market
- World Healthcare Expenditure (In US$ Trillion) for the Years for 2017, 2019, 2021 and 2023
- Healthcare Expenditure as a % of GDP by Region for 2019
- Increasing Incidence of Chronic Diseases and Hospital Admissions Drive Market Growth
- Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
- Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
- Rising Incidence of Physical Disabilities: A Grim Reality Driving Significance of Assistive Living Technologies
- Percentage of Population with Disabilities by Age Group
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/20vmfh
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