The global long-term care software market size is estimated to be valued at US$ 3,877 Mn in 2022 and is anticipated to surpass US$ 10,988 Mn by 2032, with a CAGR of 11% during the forecast period (2022-2032).
The long-term care software market share is anticipated to be driven by increasing elderly population.
Furthermore, thesales of long-term care software are projected to grow in hospitals, home care settings, nursing homes, and other healthcare delivery settings.
Long-term care software is a technical service or solution that is utilized to address the clinical and non-clinical demands of patients and healthcare professionals. Due to these factors the demand for long-term care software is anticipated to grow during the forecast period.
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Thelong-term care software programs make operating healthcare facilities simpler and more effective, which lowers healthcare expenses and improves efficiency.
The vital factor accelerating the demand for long-term care softwareis the rise in chronically ill patients as a result of the aging population.
Other factors propelling thedemand for long-term care software include the need for lower healthcare costs, more nursing staff and doctors, more healthcare reforms and government initiatives.
Furthermore, the long-term care software market size is projected to grow due to the aging population, and the rising shortage of skilled staff and professionals for the provision of proper healthcare services.
What is the Regional Analysis of Long-term Care Software Market?
Due to the widespread use of long-term care software in this region, North America dominates the global long-term care software market with a share of 30.0%.
Due to the healthcare sector’s rapid development and the widespread use of web-based and cloud-based long-term care software in developing nations, Europe is one of the regions with the highest expectations for growth in the long-term care software market.
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Europe is anticipated to hold 19.7% of the overall long-term care software market share. Due to the healthcare industry’s rapid infrastructure development, Europe’s long-term care software market is anticipated to increase its share significantly throughout 2032.
Additionally, due to government initiatives in the healthcare sector by emerging economies like India, China, and Japan, APAC is anticipated to have the greatest growth in thelong-term care software market.
By Delivery Modes:
- Cloud-based
- On-premises
- Web-based
By End User:
- Assisted Living Facilities
- Home Health Agencies
- Nursing Homes
By Region:
- North America
- Latin America
- Asia Pacific
- Europe
- MEA
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