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Global Long-term Care Software Market to reach USD XX billion by the end of 2029

Global Long-term Care Software Market Size study & Forecast, by By Product (Electronic Health Records, E-prescribing, Clinical Decision Support Systems, Other) By Deployment Mode (On-premise, Cloud), End User (Home, Healthcare Agencies, Hospice Care Facilities, Nursing Homes and Assisted Living Facilities) and Regional Analysis, 2022-2029

Product Code: ICTEITS-50380075
Publish Date: 10-04-2023
Page: 200

Global Long-term Care Software Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Long term care software can be defined as tools to manage workflows, data, tracking and administration of long term care facilities, patients and staff. Moreover these tools also helps in providing insights towards true interoperability, insightful analytics, and streamlined communication between patients and care providers. the rising digital transformation in healthcare industry and rising scarcity of skilled labour are key factor driving the market growth.

The rising digitization in healthcare sector is contributing towards the growth of the global Long term Care Software Market. For instance- as per statista – In 2019, the global digital health market was worth an estimated $175 billion. 2019-2025 He Expected CAGR of nearly 25% The digital health market is projected to reach approximately $660 billion by 2025. Also, growing expansion of healthcare investment and changing population demographic worldwide is contributing towards the market growth over the forecast period. However, the high cost of Long-term Care Software stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Long-term Care Software Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and increasing prevalence of chronic disease in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, and rising digitization in healthcare sector in the region.
Major market player included in this report are:
Cerner Corporation
Omnicare Inc.
AOD Software
Kronos
PointClickCare
Omnicell, Inc
McKesson Corporation
Allscripts Healthcare Solutions, Inc.
MatrixCare
SigmaCare
Recent Developments in the Market:
 In September 2022, RedSail Technologies has launched and implemented Axys® by Integra, an all-new cloud-based pharmacy management system.

Global Long-term Care Software Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Deployment Mode, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product
Electronic Health Records
E-prescribing
Clinical Decision Support Systems
Other
By Deployment Mode
On-premise
Cloud
By End User
Home
Healthcare Agencies
Hospice Care Facilities
Nursing Homes and Assisted Living Facilities

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Long-term Care Software Market, by Region, 2019-2029 (USD Billion)
1.2.2. Long-term Care Software Market, by Product, 2019-2029 (USD Billion)
1.2.3. Long-term Care Software Market, by Deployment Mode, 2019-2029 (USD Billion)
1.2.4. Long-term Care Software Market, by End User, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Long-term Care Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Long-term Care Software Market Dynamics
3.1. Long-term Care Software Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing digital transformation in healthcare sector
3.1.1.2. Growing scarcity of skilled nursing staff.
3.1.2. Market Challenges
3.1.2.1. High Cost of Long-term Care Software solutions
3.1.3. Market Opportunities
3.1.3.1. Growing healthcare investment in developing regions
3.1.3.2. Changing population demographics across the globe
Chapter 4. Global Long-term Care Software Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Long-term Care Software Market, by Product
6.1. Market Snapshot
6.2. Global Long-term Care Software Market by Product, Performance – Potential Analysis
6.3. Global Long-term Care Software Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
6.4. Long-term Care Software Market, Sub Segment Analysis
6.4.1. Electronic Health Records
6.4.2. E-prescribing
6.4.3. Clinical Decision Support Systems
6.4.4. Other
Chapter 7. Global Long-term Care Software Market, by Deployment Mode
7.1. Market Snapshot
7.2. Global Long-term Care Software Market by Deployment Mode, Performance – Potential Analysis
7.3. Global Long-term Care Software Market Estimates & Forecasts by Deployment Mode 2019-2029 (USD Billion)
7.4. Long-term Care Software Market, Sub Segment Analysis
7.4.1. On Premises
7.4.2. Cloud
Chapter 8. Global Long-term Care Software Market, by End User
8.1. Market Snapshot
8.2. Global Long-term Care Software Market by End User, Performance – Potential Analysis
8.3. Global Long-term Care Software Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
8.4. Long-term Care Software Market, Sub Segment Analysis
8.4.1. Home
8.4.2. Healthcare Agencies
8.4.3. Hospice Care Facilities
8.4.4. Nursing Homes and Assisted Living Facilities
Chapter 9. Global Long-term Care Software Market, Regional Analysis
9.1. Long-term Care Software Market, Regional Market Snapshot
9.2. North America Long-term Care Software Market
9.2.1. U.S. Long-term Care Software Market
9.2.1.1. Product breakdown estimates & forecasts, 2019-2029
9.2.1.2. Deployment Mode breakdown estimates & forecasts, 2019-2029
9.2.1.3. End User breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Long-term Care Software Market
9.3. Europe Long-term Care Software Market Snapshot
9.3.1. U.K. Long-term Care Software Market
9.3.2. Germany Long-term Care Software Market
9.3.3. France Long-term Care Software Market
9.3.4. Spain Long-term Care Software Market
9.3.5. Italy Long-term Care Software Market
9.3.6. Rest of Europe Long-term Care Software Market
9.4. Asia-Pacific Long-term Care Software Market Snapshot
9.4.1. China Long-term Care Software Market
9.4.2. India Long-term Care Software Market
9.4.3. Japan Long-term Care Software Market
9.4.4. Australia Long-term Care Software Market
9.4.5. South Korea Long-term Care Software Market
9.4.6. Rest of Asia Pacific Long-term Care Software Market
9.5. Latin America Long-term Care Software Market Snapshot
9.5.1. Brazil Long-term Care Software Market
9.5.2. Mexico Long-term Care Software Market
9.5.3. Rest of Latin America Long-term Care Software Market
9.6. Rest of The World Long-term Care Software Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Cerner Corpration
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Omnicare Inc.
10.2.3. AOD Software
10.2.4. Kronos
10.2.5. PointClickCare
10.2.6. Omnicell, Inc
10.2.7. McKesson Corporation
10.2.8. Allscripts Healthcare Solutions, Inc.
10.2.9. MatrixCare
10.2.10. SigmaCare
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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