Global Long-Term Care Software Strategic Business Report 2023: IoT Solutions to Improve Senior Care and Help Seniors Community Live Independent Life


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 AttributeDetails
No. of Pages779
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$4.1 Billion
Forecasted Market Value (USD) by 2030$9.4 Billion
Compound Annual Growth Rate10.9%
Regions CoveredGlobal

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

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

 
Global Market for Long-Term Care Software

Coordonnées