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Long Term Care Market Size, Share & Growth | Forecast [2031]
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Long Term Care Market Size, Share & Growth | Forecast [2031]

Segments - Long Term Care Market by Product Types (E-prescribing, Electronic Health Records, Clinical Decision Support Systems, Billing, Invoicing, & Scheduling Software, Real-time Location Systems, Remote Patient Monitoring Systems, and Others), Mode of Delivery (Cloud-based, Web-based, and On-premises), End-users (Home Healthcare, Nursing Care, and Assisted Living Facility), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

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Author : Raksha Sharma
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Editor : Vishal Golekar

Upcoming | Report ID :HC-4537 | 4.3 Rating | 76 Reviews | 188 Pages | Format : PDF Excel PPT

Report Description


The long-term care market size is anticipated to expand at a substantial CAGR during the forecast period, between 2021 and 2028. Long-term care includes a wide range of services, from assistance with activities of daily living [ADLs] throughout the day to skilled nursing, specialist care, rehabilitation, and sub-acute care. It is usually given over a long period, during which a patient's needs may change, necessitating higher levels of care. Long-term care's major purpose is to help patients preserve as much functional independence as possible while providing a seamless continuum of care from low-intensity services to post-acute care.

Long term care market Key Takeaways

  • The global long-term care software market is expected to grow in response to rising prevalence of chronic diseases, an aging population, shortage of skilled nursing personnel, increasing healthcare reforms and government initiatives, rising disposable income, cloud-based software, and opportunities offered by remote patient monitoring systems.
  • The key reason driving the long-term care technology is the growing requirement for healthcare IT solutions to improve long-term care facilities.
  • The expansion of the long-term care software industry is fueled by several government efforts around the world aimed at reducing rising healthcare expenses.
  • Lack of awareness, expensive software maintenance costs, traditional LTC providers' unwillingness to use software, and limited government initiatives in emerging nations are hampering the long-term care software market.

Scope of the report:

The report on the long-term care market includes an assessment of the market, size, share, trends, segments, and regional markets. The study includes an overview as well as dynamics.

Attributes

Details

Report Title

Long Term Care Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018-2019

Forecast Period

2021-2028

Segmentation

Product Types (E-prescribing, Electronic Health Records, Clinical Decision Support Systems, Billing, Invoicing, & Scheduling Software, Real-time Location Systems, Remote Patient Monitoring Systems, and Others), Mode of Delivery (Cloud-based, Web-based, and On-premises), End-users (Home Healthcare, Nursing Care, and Assisted Living Facility)

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players covered in the Report

Amedisys, Inc., Atria Senior Living Group, Brookdale Senior Living, Inc., Capital Senior Living, Diversicare Healthcare Services Inc., Extendicare, Inc., Genesis Healthcare Corp, Home Instead Senior Care, Inc., Kindred Healthcare, Inc., and Sunrise Carlisle, LP

The Long-term Care Market Segment Insights:

The e-prescribing segment is anticipated to expand at a high CAGR.

On the basis of product types, the long-term care market is segregated into e-prescribing, electronic health records, clinical decision support systems, billing, invoicing, & scheduling software, real-time location systems, remote patient monitoring systems, and others. The e-prescribing segment is expected to expand at a significant rate. E-prescriptions are a novel means of entering prescription information into a computer or mobile app and sending it to pharmacies for dispensing. E-prescribing allows doctors to keep track of medications, notify patients about allergies, track controlled substance prescriptions, and improve medication adherence, and among other things. The advantages of e-prescribing over other traditional approaches contribute to the expansion of the long-term care software market.

Long term care market By Product Types

The cloud-based segment is anticipated to grow with the notable CAGR throughout the forecast period

In terms of delivery, the long-term care market is segmented into cloud-based, web-based, and on-premises. The cloud-based segment is expected to develop at a significant CAGR during the forecasted period. The international market for long-term care technologies benefit from remote patient monitoring and cloud-based applications. Growing demand for cloud-based solutions, partnerships & collaborations, and new product releases are some of the global long-term care software industry trends.

The nursing care segment had a significant share in the market in 2020

Based on end users, the long-term care market is segmented into home healthcare, nursing care, and assisted living facilities. In 2020, the nursing care segment held a significant share in the market. A primary factor driving the market is the presence of a huge number of facilities that provide nursing care to the world's rising aging population. The growing demand for personalized long-term care at home, as well as price, are moving the home healthcare market forward. Due to escalating healthcare costs, home healthcare has become a reality for many people who require assistance. As the need for home healthcare grows, healthcare providers are implementing new technologies and software to increase the quality of long-term care services.

Long term care market By end users

North America is currently dominating the global long-term care software market

In terms of regions, the long-term care market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the market due to rising demand for long-term care software and aging population. The growth of regional market is attributed to increasing chronic diseases as well as increase in life expectancy. North America is estimated to grow at a rapid pace due to several mergers and acquisitions. The rapid advancement of technology and the acceptance of cloud-based solutions are propelling the industry.

Segments

Product Types
  • E-prescribing
  • Electronic Health Records
  • Clinical Decision Support Systems
  • Billing, Invoicing, & Scheduling Software
  • Real-time Location Systems
  • Remote Patient Monitoring Systems
  • Others
Mode of Delivery
  • Cloud-based
  • Web-based
  • On-premises
End Users
  • Home Healthcare
  • Nursing Care
  • Assisted Living Facility
By Regions
  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa
By Key Players
  • Amedisys, Inc
  • Atria Senior Living Group
  • Brookdale Senior Living, Inc
  • Capital Senior Living
  • Diversicare Healthcare Services Inc
  • Extendicare, Inc
  • Genesis Healthcare Corp
  • Home Instead Senior Care, Inc
  • Kindred Healthcare, Inc
  • Sunrise Carlisle, LP

Competitive Landscape

Major companies in the long-term care market include Amedisys, Inc., Atria Senior Living Group, Brookdale Senior Living, Inc., Capital Senior Living, Diversicare Healthcare Services Inc., Extendicare, Inc., Genesis Healthcare Corp, Home Instead Senior Care, Inc., Kindred Healthcare, Inc., and Sunrise Carlisle, LP. Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Long term care market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Long Term Care Market Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Long Term Care Market Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Long Term Care Market Market - Supply Chain
  4.5. Global Long Term Care Market Market Forecast
     4.5.1. Long Term Care Market Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Long Term Care Market Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Long Term Care Market Market Absolute $ Opportunity
5. Global Long Term Care Market Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Long Term Care Market Market Size and Volume Forecast by End Users
     5.3.1. Home Healthcare
     5.3.2. Nursing Care
     5.3.3. Assisted Living Facility
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Long Term Care Market Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Long Term Care Market Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Long Term Care Market Demand Share Forecast, 2019-2026
7. North America Long Term Care Market Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Long Term Care Market Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Long Term Care Market Market Size and Volume Forecast by End Users
     7.4.1. Home Healthcare
     7.4.2. Nursing Care
     7.4.3. Assisted Living Facility
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Long Term Care Market Demand Share Forecast, 2019-2026
8. Latin America Long Term Care Market Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Long Term Care Market Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Long Term Care Market Market Size and Volume Forecast by End Users
     8.4.1. Home Healthcare
     8.4.2. Nursing Care
     8.4.3. Assisted Living Facility
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Long Term Care Market Demand Share Forecast, 2019-2026
9. Europe Long Term Care Market Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Long Term Care Market Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Long Term Care Market Market Size and Volume Forecast by End Users
     9.4.1. Home Healthcare
     9.4.2. Nursing Care
     9.4.3. Assisted Living Facility
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Long Term Care Market Demand Share Forecast, 2019-2026
10. Asia Pacific Long Term Care Market Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Long Term Care Market Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Long Term Care Market Market Size and Volume Forecast by End Users
     10.4.1. Home Healthcare
     10.4.2. Nursing Care
     10.4.3. Assisted Living Facility
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Long Term Care Market Demand Share Forecast, 2019-2026
11. Middle East & Africa Long Term Care Market Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Long Term Care Market Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Long Term Care Market Market Size and Volume Forecast by End Users
     11.4.1. Home Healthcare
     11.4.2. Nursing Care
     11.4.3. Assisted Living Facility
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Long Term Care Market Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Long Term Care Market Market: Market Share Analysis
  12.2. Long Term Care Market Distributors and Customers
  12.3. Long Term Care Market Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Amedisys, Inc
     12.4.2. Atria Senior Living Group
     12.4.3. Brookdale Senior Living, Inc
     12.4.4. Capital Senior Living
     12.4.5. Diversicare Healthcare Services Inc
     12.4.6. Extendicare, Inc
     12.4.7. Genesis Healthcare Corp

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