According to the new market research report "Long-term Care Software Market by Product (EHR, eMAR, Payroll Management), Mode of Delivery (Web-based, On-premises, Cloud-based) & End User (Nursing Homes, Home Health Agencies, Assisted Living Facilities) - Global Forecast to 2019”, published by MarketsandMarkets, analyzes and studies the major market drivers, restraints, opportunities, and challenges, and burning issues in North America, Europe, Asia-Pacific, and the Rest of the World.The global Long-Term Care Software Market is expected to grow at a CAGR of 13.7% during the forecast period of 2014 to 2019 and reach $7,561.9 Million by 2019.
Changes in population demographics have driven the demand for long-term care services, and by extension the need for healthcare IT solutions to increase work efficiency at LTC facilities across the globe. The report analyses the Long-Term Care Software Market by product, mode of delivery, and end users. The long-term care software market, by product, is segmented into clinical solutions and non-clinical solutions.
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Factors such as increase in aging population, dearth of skilled nursing personnel, and increasing healthcare reforms and government initiatives are expected to propel the demand for LTC software across the globe. Similarly, opportunities offered by remote patient monitoring systems and cloud-based software are expected to boost the demand for LTC software. However, the reluctance of conventional LTC providers to adopt software and the high maintenance costs of this software are impeding the growth of this market to a certain extent. Moreover, the lack of awareness and insufficient government initiatives in developing countries has resulted in poorer adoption of LTC software.
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By 2019, North America will continue to dominate and drive the Long-Term Care Software Market, primarily due to the increasing demand for LTC software with the rising aging population demanding long-term care.
The prominent players in the market are Cerner Corporation (U.S.), Omnicare, Inc. (U.S.), AOD Software (U.S.), Kronos (U.S.), PointClickCare (Canada), Omnicell, Inc. (U.S.), McKesson Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Optimus EMR (U.S.), and HealthMEDX LLC (U.S.).
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