United States Long Term Care Software Market to Grow with a CAGR of 10.52% through 2030
Rising EHR
adoption and the proliferation of LTC centers are expected to drive the United
States Long Term Care Software Market growth in the forecast period, 2026-2030.
According to
TechSci Research report, “United States Long Term Care Software Market – By
Region, Competition, Forecast and Opportunities, 2030F”, the United States
Long Term Care Software Market stood at USD 1.09 billion in 2024 and is
anticipated to grow with a CAGR of 10.52% in the forecast period, 2026-2030.
This can be attributed to the escalating prevalence of chronic conditions.
Chronic illnesses such as diabetes, heart disease, and Alzheimer's are becoming
more prevalent among the elderly population. Managing these conditions requires
a comprehensive approach to care that includes regular monitoring, medication
management, and lifestyle interventions. LTC software solutions offer tools to
assist healthcare providers in delivering personalized care plans and tracking
patient progress, thereby addressing the unique challenges associated with
chronic conditions.
With the increasing digitization of healthcare records, data security and
privacy remain paramount concerns. Upcoming trends include the implementation
of advanced cybersecurity measures, including encryption and multi-factor
authentication, to protect sensitive patient data. LTC software providers are
expected to invest heavily in ensuring compliance with regulations like HIPAA
and adopting best practices in data security.
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"United States Long Term Care Software Market”
The United
States Long Term Care Software Market is segmented into Mode of Delivery, Application, End-use, regional distribution, and company.
Based on the category of Mode of Delivery, the cloud-based sector was the most significant contributor to revenue in 2024. Furthermore, it is anticipated to have the highest CAGR during the forecast period. Cloud-based solutions are valued for their cost-effectiveness, flexible pricing and usage options, reduced operational problems, minimal initial investment, and improved security. Additionally, the growing demand for cloud-based solutions is driving the creation of new products.
For example, in September 2022, RedSail Technologies partnered with Guardian Pharmacy of Indianapolis to introduce Axys by Integra, a Long-Term Care (LTC) pharmacy software designed to meet the technological and specific requirements of LTC pharmacies. Such developments are reshaping the LTC software market, enhancing efficiency and healthcare delivery. The market is categorized by delivery mode, including cloud-based, web-based, and on-premises solutions.
The web-based segment is predicted to experience significant growth due to the increasing adoption of online platforms. Conversely, on-premises solutions, which are installed at user locations, primarily on workstations, might encounter challenges due to their high initial expenses, potentially impacting their market expansion. As technology continues to advance, more clinics may choose cloud-based solutions for their cost-effectiveness, flexibility, and improved accessibility.
Major companies
operating in United States Long Term Care Software Market are:
- Yardi Systems Inc
- Revver Inc
- Vital Software Inc
- Allscripts Healthcare LLC
- Medtelligent, Inc.
- PointClickCare Technologies Inc
- Oracle Corp
- Netsmart Technologies Inc
- MatrixCare Inc
- ALAdvantage, LLC
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“The United
States Long-Term Care Software Market is poised for exciting developments in
the coming years. As the aging population continues to grow, LTC software
providers are gearing up to meet the evolving needs of both residents and
healthcare professionals. Telehealth integration, AI and predictive analytics,
mobile solutions, interoperability advancements, enhanced data security,
person-centered care, and population health management are some of the key
trends that will shape the future of the LTC Software Market, ultimately
contributing to better quality of care for the elderly population,” said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“United States Long Term Care Software Market By Mode of
Delivery (Cloud-based, Web-based, On-premises), By Application (Electronic
Health Records, Electronic Medication Administration Record (eMAR), Revenue
Cycle Management, Resident Care, Staff Management, Others), By End-use (Home
Healthcare Agencies, Hospice & Palliative care, Nursing Homes, Assisted
Living Facilities), By
Region, Competition, Forecast
& Opportunities, 2020-2030F”, has evaluated the future growth
potential of United States Long Term Care Software Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in United States Long Term Care Software Market.
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