Long Term Post-Acute Care Software Market Overview
The global long term post-acute care software market was valued at around US$ 3,895.56 Million at the end of 2021. The market is projected to register a 11.3% CAGR and top a valuation of US$ 12,647.85 Million by 2032.
The market for long term post-acute software is anticipated to be driven by the factors such as growing prevalence of chronic disorders and increasing government’s healthcare reforms measures.
Long Term Care (LTC) patients consist of geriatric people that need constant monitoring of healthcare conditions. These patients require post-acute care monitoring. In any location where healthcare is provided, this kind of software aids in maintaining or storing data regarding patient health information related to therapy or after treatment.
Data on patient demographics, medical history, historical issues, prescriptions taken, progress notes, recurring issues, vital signs, immunisation history, laboratory results, and radiology reports are all maintained with the aid of long-term post-acute care software.
The workflow of the physician is automated and made more efficient by using the long-term post-acute care software. In addition to other care-related tasks, evidence-based decision support, quality management, and outcomes reporting, this kind of long-term post-acute care software aids in the generation of complete records of patients' treatment journeys in clinical settings.
Attributes
Details
Long Term Post-Acute Care Software Market Value in 2021
US$ 3,895.56 Million
Long Term Post-Acute Care Software Market Value in 2032
US$ 12,647.85 Million
Long Term Post-Acute Care Software Market CAGR (2022 to 2032)
11.3%
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What are the Major Drivers Boosting the Demand for Long Term Post-Acute Care Software Market?
The market for long term post-acute care software is expanding significantly as a result of increasing geriatric population worldwide. For instance, according to data from the World Health Organization, there will be 1.4 billion individuals over the age of 60 worldwide by the year 2030, and 2.4 billion by the year 2050. The market is anticipated to increase rapidly in the next years as elderly people require more care.
Moreover, improving government policies and acts, such as the Health Information Technology for Economic and Clinical
Health Act (HITECH), which helps improving healthcare quality, management, safety, including the (EHRs) electronic health records and a secure electronic health information exchange is supposed to stimulate the market growth over the forecast duration.
Which Region Shows Strong Growth Potential in the Long Term Post-Acute Care Software Market?
The long term post-acute care software market is broadly divided into seven major regions, North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
North America dominated the regional long term post-acute care software market due to increasing healthcare expenditure in region such as US and Canada for advanced and effective long term post-acute care software in supposed to accelerate the market in this region.
Long-term post-acute care software usage in North America is also being boosted by the expanding use of cloud-based solutions and remote patient monitoring in the healthcare industry. Along with this, the industry is also being driven by the US government's multiple measures to improve healthcare facilities for the senior population through the Medicare and Medicaid systems. Additionally, a number of significant regional businesses are concentrating on software modernization by implementing AI-based solutions for delivering individualised care services.
Revenue in USD Million, Volume in Units, and CAGR from 2022 to 2032
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segment Covered
Product Type
Application
End-User
Region
Region Covered
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
Key Countries Profiled
USA
Canada
Brazil
Mexico
Argentina
Germany
United Kingdom
France
Spain
Italy
Russia
BENELUX
China
Japan
South Korea
India
Malaysia
Thailand
Indonesia
Australia
New Zealand
GCC Countries
South Africa
North Africa
Turkey
Key Players
Allscripts Healthcare Solutions, Inc.,
Epic Systems Corporation
Cerner Corporation
McKesson Corporation
Omnicare
Omnicell, Inc.,
MatrixCare
Optimus EMR
Netsmart Technologies
PointClickCare.
CVS Health
ResMed
Customization
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Key Segments Covered in the Long Term Post-Acute Care Software Market Survey
By Product Type:
Clinical Software
Non-clinical Software
By Application:
Financial Data Management and Billing
Electronic Health Record Management
Home Healthcare Management
ALF &ILF
Other
By End-user:
Hospitals
Clinics and Nursing Homes
Managed Care Organizations
Assisted Living Facilities
Home Healthcare
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and Africa (MEA)
Frequently Asked Questions
What is the Growth Outlook for the Global Long Term Post-Acute Care Software Market?
The global long term post-acute care software market is anticipated to register a CAGR of 11.3% during the forecast period.
Who are the Prominent Players in the Long Term Post-Acute Care Software Market?
Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, Cerner Corporation, McKesson Corporation, Omnicare, Omnicell, Inc., MatrixCare, Optimus EMR, Netsmart Technologies, PointClickCare, CVS Health, and ResMed, among others are some prominent long term post-acute care software market players.
