The North America Long-term Care Software Market is expected to witness market growth of 7.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Long-term Care Software Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.70 billion by 2031. The Canada market is experiencing a CAGR of 9.5% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 8.6% during 2024-2031.
This market is an increasingly vital segment of healthcare technology. As populations age, the demand for efficient, effective, and high-quality long-term care (LTC) services has surged, prompting innovations in software solutions designed to meet these needs. This software encompasses a variety of applications aimed at improving the management of care for the elderly and those with chronic illnesses or disabilities, optimizing operational efficiency for care providers, and enhancing the overall quality of care delivered.
This software is designed to address many needs within care facilities, including nursing homes, assisted living facilities, hospice care, and home healthcare services. Electronic Health Records (EHR) systems tailored for long-term care environments help maintain comprehensive and accurate patient records, facilitating better care coordination and continuity. These systems store detailed health information, including medical history, medication lists, treatment plans, and progress notes, ensuring that all healthcare providers can access the most current patient data.
In the U.S., where health spending accounted for 17.3% of the nation’s Gross Domestic Product in 2022, healthcare efficiency has become a critical focus. With an aging population and rising incidences of chronic diseases, the demand for long-term care services is expected to increase. This software is vital in supporting the delivery of these services by streamlining operations, improving communication between healthcare providers, and ensuring timely care for elderly and chronically ill patients. The growing integration of digital tools in long-term care settings will help mitigate rising healthcare costs while enhancing patient care quality. Therefore, rising healthcare spending in the region is driving the growth of the market.
The US market dominated the North America Long-term Care Software Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.70 billion by 2031. The Canada market is experiencing a CAGR of 9.5% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 8.6% during 2024-2031.
This market is an increasingly vital segment of healthcare technology. As populations age, the demand for efficient, effective, and high-quality long-term care (LTC) services has surged, prompting innovations in software solutions designed to meet these needs. This software encompasses a variety of applications aimed at improving the management of care for the elderly and those with chronic illnesses or disabilities, optimizing operational efficiency for care providers, and enhancing the overall quality of care delivered.
This software is designed to address many needs within care facilities, including nursing homes, assisted living facilities, hospice care, and home healthcare services. Electronic Health Records (EHR) systems tailored for long-term care environments help maintain comprehensive and accurate patient records, facilitating better care coordination and continuity. These systems store detailed health information, including medical history, medication lists, treatment plans, and progress notes, ensuring that all healthcare providers can access the most current patient data.
In the U.S., where health spending accounted for 17.3% of the nation’s Gross Domestic Product in 2022, healthcare efficiency has become a critical focus. With an aging population and rising incidences of chronic diseases, the demand for long-term care services is expected to increase. This software is vital in supporting the delivery of these services by streamlining operations, improving communication between healthcare providers, and ensuring timely care for elderly and chronically ill patients. The growing integration of digital tools in long-term care settings will help mitigate rising healthcare costs while enhancing patient care quality. Therefore, rising healthcare spending in the region is driving the growth of the market.
List of Key Companies Profiled
- Veradigm LLC
- Oracle Corporation
- MatrixCare (ResMed Inc.)
- Yardi Systems, Inc.
- PointClickCare
- Medtelligent, Inc.
- ALAdvantage, LLC
- Netsmart Technologies, Inc.
- Kareo, Inc.
- Caresmartz, Inc.
Market Report Segmentation
By Mode of Delivery
- Cloud Based
- On Premise
- Web Based
By Application
- Electronic Health Records (EHR)
- Staff Management
- Revenue Cycle Management (RCM)
- Resident Care
- Electronic Medication Administration Record (eMAR)
- Other Application
By End Use
- Nursing Homes
- Home Healthcare Agencies
- Assisted living facilities
- Hospice & Palliative care
- Other End Use
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Long-term Care Software Market by Mode of Delivery
Chapter 6. North America Long-term Care Software Market by Application
Chapter 7. North America Long-term Care Software Market by End Use
Chapter 8. North America Long-term Care Software Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the leading companies profiled in this North America Long-term Care Software Market report include:- Veradigm LLC
- Oracle Corporation
- MatrixCare (ResMed Inc.)
- Yardi Systems, Inc.
- PointClickCare
- Medtelligent, Inc.
- ALAdvantage, LLC
- Netsmart Technologies, Inc.
- Kareo, Inc.
- Caresmartz, Inc.
Methodology
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