North America Long-term Care Software Market Size, Share, and COVID-19 Impact Analysis, By Mode Of Delivery (Cloud based, Web based, and On premise), By Application (Electronic Health Records, Electronic Medication Administration Record (eMAR), Revenue Cycle Management, Resident Care, Staff management, and Others), By End Use (Home Healthcare Agencies, Hospice & Palliative Care, Nursing Homes, and Assisted Living Facilities), and North America Long-term Care Software Market Insights, Industry Trend, Forecasts to 2035
Industry: HealthcareNorth America Long-term Care Software Market Insights Forecasts to 2035
- The North America Long-term Care Software Market Size was Estimated at USD 1.72 Billion in 2024
- The Market Size is Expected to Grow at a CAGR of around 11.49% from 2025 to 2035
- The North America Long-term Care Software Market Size is Expected to Reach USD 5.69 Billion by 2035
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According to a research report published by Spherical Insights and Consulting, The North America Long-Term Care Software Market Size is anticipated to reach USD 5.69 Billion by 2035. The North America long-term care software market is fueled by the rising elderly population and the chronic illness burden, accelerating the demand for long-term care software that supports personalized, efficient care. Technological advancements and strong data security further drive adoption, ensuring sustained market growth.
Market Overview
The network of specialist digital solutions was created to assist long-term care providers with their administrative and caring requirements. This encompasses home health agencies, assisted living facilities, nursing homes, and other extended-care settings.
The growing demand for effective management solutions in facilities that provide care for the elderly. Pressure on healthcare systems is increasing as the number of individuals over 60 rises. Better patient outcomes and increased operational efficiency are made possible by long-term care software, which simplifies clinical and non-clinical processes. By automating processes like scheduling, billing, and patient information, these systems aid in the management of resource shortages. Digital transformation in eldercare is crucial as life expectancy increases. Long-term care software is positioned as a crucial part of the healthcare infrastructure of the future due to this demand.
Report Coverage
This research report categorizes the market for North America long-term care software market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America long-term care software market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America long-term care software market.
North America Long-term Care Software Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 1.72 Billion |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | CAGR Of 11.49% |
2035 Value Projection: | USD 5.69 Billion |
Historical Data for: | 2020-2023 |
No. of Pages: | 278 |
Tables, Charts & Figures: | 104 |
Segments covered: | By Mode Of Delivery, By Application and By End Use |
Companies covered:: | Veradigm LLC, Genexod Technologies LLC, Cerner Corporation (Oracle Corporation), Omnicell, Inc., Netsmart Technologies, Inc., Medtelligent, Inc., MatrixCare, PointClickCare, McKesson Corporation, and Others |
Pitfalls & Challenges: | COVID-19 Empact, Challenges, Future, Growth, & Analysis |
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Driving Factors
The need for long-term care software to enhance care delivery and operational efficiency is being driven by the growing number of elderly people with chronic illnesses. Features that promote patient-centric care models, such as remote monitoring, prescription management, and electronic health records, are what drive adoption. Software use in North America has increased due to the region's sophisticated healthcare infrastructure and emphasis on individualized care. By providing remote services and predictive insights, technological innovations like artificial intelligence (AI), machine learning (ML), and telehealth are revolutionizing healthcare. Stronger data protection and increased usage of cloud and mobile technologies help to sustain industry expansion. Investment in advanced care solutions is also encouraged by rising per capita income.
Restraining Factors
The high implementation costs and data security are the main obstacles preventing long-term care software from being widely used. Both developers and care providers struggle to retain affordability while adhering to stringent privacy requirements. Financial constraints restrict the ability of smaller facilities, in particular, to invest in and maintain cutting-edge LTC systems.
Market Segmentation
The North America long-term care software market share is classified into mode of delivery, application, and end use.
- The cloud-based segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
The North America long-term care software market is segmented by mode of delivery into cloud-based, web-based, and on-premises. Among these, the cloud-based segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The growth is driven by the need to lower upfront investments than traditional on-premises systems. Furthermore, cloud-based software removes the risk of fraud and theft by allowing healthcare facilities to safely record and store data on cloud servers. By adding more users, expanding to other locations, or incorporating new features, they can be readily expanded to meet the expanding needs of long-term care facilities.
- The electronic health records segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The North America long-term care software market is segmented by application into electronic health records, electronic medication administration record (EMAR), revenue cycle management, resident care, staff management, and others. Among these, the electronic health records segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is due to the increasing demand for centralized healthcare administration. Innovations in technology, including cloud integration and interoperability, improve security, care coordination, and data accessibility. EHRs are thereby making healthcare delivery a more linked and efficient system.
- The nursing homes segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The North America long-term care software market is segmented by end use into home healthcare agencies, hospice & palliative care, nursing homes, and assisted living facilities. Among these, the nursing homes segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is due to the rise in patients suffering from long-term conditions. In order to manage the flood of residents and provide high-quality care, the market boom required effective management systems. The tools required to manage patient data, optimize workflows, and improve care delivery are offered by long-term care software. Additionally, by providing features like audit trails, automatic reporting, and safe data storage, these software programs assist facilities in adhering to strict laws.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the North America long-term care software market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Veradigm LLC
- Genexod Technologies LLC
- Cerner Corporation (Oracle Corporation)
- Omnicell, Inc.
- Netsmart Technologies, Inc.
- Medtelligent, Inc.
- MatrixCare
- PointClickCare
- McKesson Corporation
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In January 2024, Aline, a developer of elder living software, purchased VITALS SOFTWARE. The acquisition made Aline's enterprise-scale software available to Vitals Software customers alongside their existing platform.
Market Segment
This study forecasts revenue at North America, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the North America long-term care software market based on the below-mentioned segments:
North America Long-term Care Software Market, By Mode of Delivery
- Cloud-based
- Web-based
- On premise
North America Long-term Care Software Market, By Application
- Electronic Health Records
- Electronic Medication Administration Record (eMAR)
- Revenue Cycle Management
- Resident Care
- Staff management
- Others
North America Long-term Care Software Market, By End Use
- Home Healthcare Agencies
- Hospice & Palliative Care
- Nursing Homes
- Assisted Living Facilities
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