Long Term Care Software Market, By Product (Clinical Software, Non-clinical Software, Payroll Management and Billing), Mode Of Delivery (On-premise, Web-based, Cloud-based), End User (Assisted Living Facilities, Nursing Care, Home Healthcare), and By Geography (NA, EU, APAC, LATAM and MEA) Analysis, Share, Trends, Size, & Forecast From 2020 2026
- Published Date: 2020-10-13
- Report ID: 1801
- Pages: 210
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Format:
REPORT HIGHLIGHT
Long term care software market was valued at USD 2.21 billion by 2019, growing with 6.8% CAGR during the forecast period, 2020-2026
Market Dynamics
The digitization in healthcare technology, growing adoption of technological solutions, and the lack of skilled medical staff are the major factors driving the growth of global long term care software market. In addition, increasing government initiatives & healthcare reforms and rise in disposable income are other factors impelling market growth. The multiple long term care software applications have the ability to analyze millions of data records and rapidly identify the potential issues and enable mental health providers to handle video conferencing, communication, and planning for patients.
Moreover, the rising needs for healthcare IT solutions to enhance long-term care facilities and government initiatives all across the globe to curb the increasing healthcare costs are likely to create lucrative opportunities in the global market during the forecast period. However, high costs associated with the maintenance of this software and lack of awareness & unwillingness to adopt the software are expected to hinder the market growth in the coming future.
Product Takeaway
The clinical software segment is projected to remain the dominant segment throughout the forecast. The e-prescribing sub-segment of clinical software is estimated to witness considerable growth by 2030. Electronic prescription or E-prescription is the novel way of entering information for prescribed medicines in the mobile application or a computer, thereby transferring it to the pharmacies for distribution.
E-prescribing aids healthcare providers to monitor prescription processing, increase adherence to medication, track prescriptions of controlled substances, warn patients to allergies, etc. Thus, several advantages of E-prescribing over other traditional methods is a major factor contributing to the growth of the clinical software market for long-term care.
Mode of Delivery Takeaway
Cloud-based software and remote monitoring of patients will help in creating lucrative opportunities for the global market for long term care software. The cloud-based segment is projected to rise at the fastest CAGR during the period of forecast owing to the increase in advancements in technology. The prominent players of the worldwide market are investing more in new product launches, which is likely to propel the segmental market growth in the coming years. In addition, trends such as increasing demand for cloud-based solutions, collaborations, and partnerships will also help the market to grow exponentially.
End User Takeaway
The home healthcare end-user segment is anticipated to hold a significant market share during the period of forecast. The home healthcare services provide trained healthcare professionals such as homemakers, nurses, therapists, home healthcare aides for home-based services. In addition, these services include supervision, taking medications, bathing, and dressing by ensuring patients safety. Thus, the above-mentioned factors and benefits of home healthcare services are expected to impel the segmental market growth by 2030.
Regional Takeaway
Presently, the North America region holds a dominant position in the market owing to the growing geriatric population and rising demand for long-term care software in this region. Europe market for long-term care software is estimated to be send-largest majorly due to advanced medical facilities available in this region. On the other hand, the Asia Pacific region is anticipated to grow at the fastest rate during the forecast period. This is mainly due to changing population demographics and emerging economies in this region.
Key vendors of the market include:
Omnicell, Inc.
Matrix Care
Omnicare, Inc.
Kronos Incorporated
PointClickCare
HealthMEDX
Sigma Care
AOD Software
Allscripts Healthcare Solutions, Inc.
Cerner Corporation
McKesson Corporation
Optimus EMR
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year 2015 to 2018
Base Year 2019
Estimated Year 2020
Projected Year 2026
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL LONG TERM CARE SOFTWARE MARKET, BY PRODUCT
Payroll Management & Billing
o Real-time Location Systems
o Remote Training & Supervision Systems
o Remote Patient Monitoring Systems
o Invoicing & Scheduling Software
Clinical Software
o E-Prescribing
o Electronic Medication Administration Records
o EMR/HER
o Clinical Decision Support System
Non-Clinical Software
o Cloud
o On-premise
GLOBAL LONG TERM CARE SOFTWARE MARKET, BY MODE OF DELIVERY
Web-based
On-premises
Cloud-based
GLOBAL LONG TERM CARE SOFTWARE MARKET, BY END USE
Nursing Care
Assisted Living Facilities
Home Healthcare
GLOBAL LONG TERM CARE SOFTWARE MARKET, BY REGION
North America
o The U.S.
o Canada
Europe
o Germany
o France
o Italy
o Spain
o United Kingdom
o Rest of Europe
Asia Pacific
o India
o China
o South Korea
o Japan
o Singapore
o Rest of APAC
Latin America
o Brazil
o Mexico
o Argentina
o Rest of LATAM
Middle East and Africa
o Saudi Arabia
o United Arab Emirates
o Rest of MEA
TABLE OF CONTENT
1. LONG TERM CARE SOFTWARE MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Product
2.1.2. Market Snippet by Mode of Delivery
2.1.3. Market Snippet by End Use
2.1.4. Market Snippet by Region
2.2. Competitive Insights
3. LONG TERM CARE SOFTWARE KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. LONG TERM CARE SOFTWARE INDUSTRY STUDY
4.1. Porters Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
4.5. COVID-19 Impact Analysis
4.5.1. Pre-COVID-19 Impact Analysis
4.5.2. Post-COVID-19 Impact Analysis
5. LONG TERM CARE SOFTWARE MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. LONG TERM CARE SOFTWARE MARKET BY PRODUCT
6.1. Overview
6.1.1. Segment Share Analysis, By Product, 2019 & 2026 (%)
6.2. Payroll Management & Billing
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.2.3. Real-time Location Systems
6.2.3.1. Overview
6.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.2.4. Remote Training & Supervision Systems
6.2.4.1. Overview
6.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.2.5. Remote Patient Monitoring Systems
6.2.5.1. Overview
6.2.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.2.6. Invoicing & Scheduling Software
6.2.6.1. Overview
6.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.3. Clinical Software
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.3.3. E-Prescribing
6.3.3.1. Overview
6.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.3.4. Electronic Medication Administration Records
6.3.4.1. Overview
6.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.3.5. EMR/HER
6.3.5.1. Overview
6.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.3.6. Clinical Decision Support System
6.3.6.1. Overview
6.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.4. Non-Clinical Software
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.4.3. Cloud
6.4.3.1. Overview
6.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.4.4. On-premise
6.4.4.1. Overview
6.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
7. LONG TERM CARE SOFTWARE MARKET BY MODE OF DELIVERY
7.1. Overview
7.1.1. Segment Share Analysis, By Mode of Delivery, 2019 & 2026 (%)
7.2. Web-based
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
7.3. On-premises
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
7.4. Cloud-based
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
8. LONG TERM CARE SOFTWARE MARKET BY END USE
8.1. Overview
8.1.1. Segment Share Analysis, By End Use, 2019 & 2026 (%)
8.2. Home Healthcare
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
8.3. Nursing Care
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
8.4. Assisted Living Facilities
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9. LONG TERM CARE SOFTWARE MARKET BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Region, 2019 & 2026 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
9.2.4. North America Market Size and Forecast, By Product, 2015 - 2026 (US$ Million)
9.2.5. North America Market Size and Forecast, By End Use, 2015 - 2026 (US$ Million)
9.2.6. North America Market Size and Forecast, By Mode of Delivery, 2015 - 2026 (US$ Million)
9.2.7. U.S.
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.2.8. Canada
9.2.8.1. Overview
9.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Product, 2015 - 2026 (US$ Million)
9.3.5. Europe Market Size and Forecast, By End Use, 2015 - 2026 (US$ Million)
9.3.6. Europe Market Size and Forecast, By Mode of Delivery, 2015 - 2026 (US$ Million)
9.3.7. Germany
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.3.8. Italy
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.3.9. United Kingdom
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.3.10. France
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.3.11. Rest of Europe
9.3.11.1. Overview
9.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Product, 2015 - 2026 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By End Use, 2015 - 2026 (US$ Million)
9.4.6. Asia Pacific Market Size and Forecast, By Mode of Delivery, 2015 - 2026 (US$ Million)
9.4.7. India
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.4.8. China
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.4.9. Japan
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.4.10. South Korea
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.4.11. Rest of APAC
9.4.11.1. Overview
9.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Product, 2015 - 2026 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By End Use, 2015 - 2026 (US$ Million)
9.5.6. Latin America Market Size and Forecast, By Mode of Delivery, 2015 - 2026 (US$ Million)
9.5.7. Brazil
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.5.8. Mexico
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.5.9. Argentina
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.5.10. Rest of LATAM
9.5.10.1. Overview
9.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By End Use, 2015 - 2026 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By Product, 2015 - 2026 (US$ Million)
9.6.6. Middle East and Africa Market Size and Forecast, By Mode of Delivery, 2015 - 2026 (US$ Million)
9.6.7. Saudi Arabia
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.6.8. United Arab Emirates
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10. KEY VENDOR ANALYSIS
10.1. Sigma Care
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. AOD Software
10.3. Allscripts Healthcare Solutions, Inc.
10.4. Omnicell, Inc.
10.5. Matrix Care
10.6. Omnicare, Inc.
10.7. Kronos Incorporated
10.8. PointClickCare
10.9. HealthMEDX
10.10. Cerner Corporation
10.11. McKesson Corporation
10.12. Optimus EMR
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
12.1. Research Productology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
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