The Global Long-term Care Software Market was worth USD 1.45 billion in 2016 and estimated to be growing at a CAGR of 12.5%, to reach USD 2.61 billion by 2021. Long-term care is a clinical service which helps both medical and non-medical needs of people with disability or chronic diseases who cannot take care of themselves. It is concentrated on the individualized and coordinated services which gives independence, quality life for patient and also give services to patient needs from time to time. Various levels of long-term care include day program, home care, nursing home, senior housing, continuing care retirement community, and assisted living.
Long-term software is fully integrated electronic health record and other non-clinical solution to increase patient care, decrease labour cost and maintain compliance. Data is entered into the software where it programs and flows through the system for various facilities. It helps in providing the consolidated reports for multiple facilities, provide good quality care with accurate information, saves time, automatic inter-facility accounting, boosts efficiency and productivity, maintains records over long periods of time and reduce risk of redundancy by eliminating inconsistencies in documentation.
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Increase in aging population, rising prevalence of chronic diseases, dearth of skilled nursing personnel, rise in disposable income, increasing healthcare reforms and government initiatives, opportunities offered by remote patient monitoring systems and cloud-based software are expected to boost the demand for the Global long-term care software market. However, lack of awareness, high software maintenance cost, reluctance of conventional LTC providers to adopt software and insufficient government initiatives in developing countries are restraining the growth of the market.
The Global long-term software market is segmented into product, mode of delivery, end-user and region. Depending on the product, the market is segmented into clinical and non-clinical software. Clinical software consists of EMR/EHR, e-Prescribing, electronic medication administration records and clinical decision support systems. Non-clinical software consists of payroll management and billing, remote patient monitoring systems, real-time location systems, remote training and supervision systems, invoicing and scheduling software. On the basis of mode of delivery, the market is segmented into cloud-based, web-based and on-premises. Based on the end-user, the market is segmented into home healthcare, nursing care and assisted living facilities. The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America followed by Europe leads the global market due to the increase demand for Long-term care software and rising aging population. Asia-Pacific has the fastest growing rate due to the emerging economies and changing population demographics.
The key players in the Global market are AOD Software, Cerner Corporation, Allscripts Healthcare Solutions, Inc., McKesson Corporation, Omnicare, Inc., Omnicell, Inc., Kronos incorporated, HealthMEDX, PointClickCare, Matrix Care, Sigma Care and Optimus EMR.
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Some Point from Table of Content:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
- Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
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