U.S. Long Term Care Software Market (By Mode Of Delivery: Cloud-based, Web-based, On-premises; By Application; By End-use) - Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2024-2033

The U.S. long term care software market size was estimated at around USD 1.41 billion in 2023 and it is projected to hit around USD 4.2 billion by 2033, growing at a CAGR of 11.52% from 2024 to 2033.

U.S. Long Term Care Software Market Size 2024 to 2033

Key Pointers

  • By Mode of Delivery, the cloud-based segment accounted for the largest revenue share of 43% in 2023.
  • By Application, the EHR segment generated the maximum market share of 34% in 2023.
  • By End-use, the nursing homes segment led the market with a share of 42% in 2023.

U.S. Long Term Care Software Market Growth Factors

The growth of the U.S. long term care software market is driven by the aging population in the United States is expanding, leading to an increased demand for long-term care services and necessitating efficient software solutions to manage patient care and administrative tasks. Additionally, there is a growing emphasis on quality of care, with facilities prioritizing initiatives such as care coordination and outcomes tracking, supported by advanced software functionalities. Moreover, the integration of technology, including electronic health records and telehealth, is transforming how care is delivered and managed, further driving market growth. Regulatory requirements, such as the adoption of electronic health records and interoperability standards, are also prompting facilities to invest in compliant software solutions. 

Report Scope of the U.S. Long Term Care Software Market

Report Coverage Details
Market Size in 2023 USD 1.41 billion
Revenue Forecast by 2033 USD 4.2 billion
Growth rate from 2024 to 2033 CAGR of 11.52%
Base Year 2023
Forecast Period 2024 to 2033
Market Analysis (Terms Used) Value (US$ Million/Billion) or (Volume/Units)

 

U.S. Long Term Care Software Market Trends:

  • Integration of Telehealth and Remote Monitoring: Long-term care facilities are increasingly incorporating telehealth and remote monitoring solutions into their software systems. This trend allows caregivers to remotely monitor patient health metrics, conduct virtual consultations, and provide timely interventions, improving access to care and enhancing patient outcomes.
  • Focus on Interoperability and Data Sharing: There's a growing emphasis on interoperability standards within long-term care software systems. Facilities are seeking solutions that enable seamless data exchange between different healthcare providers and systems, facilitating care coordination and ensuring continuity of patient information across the care continuum.
  • Personalized Care Planning and Predictive Analytics: Software platforms are integrating predictive analytics capabilities to support personalized care planning. By analyzing historical data and patient trends, these systems help caregivers anticipate and address individual needs more effectively, resulting in improved care outcomes and enhanced resident satisfaction.
  • Mobile Solutions and Point-of-Care Tools: The adoption of mobile applications and point-of-care tools is rising among long-term care providers. These solutions empower caregivers to access resident information, document care activities, and communicate with interdisciplinary teams in real-time, promoting efficiency and collaboration while enhancing the quality of care delivered.
  • Emphasis on Usability and User Experience: Software vendors are placing greater emphasis on the usability and user experience of their long-term care solutions. Intuitive interfaces, simplified workflows, and customizable features are becoming standard expectations, ensuring that caregivers can efficiently navigate and leverage software tools to optimize their daily tasks and enhance productivity.

Mode of Delivery Insights

The cloud-based segment accounted for the largest revenue share of 43% in 2023. Furthermore, it is projected to experience the highest CAGR during the forecast period. Cloud-based solutions offer cost-effectiveness, flexible cost & usage options, fewer operational issues, low initial investment, and enhanced security. Furthermore, the demand for cloud-based solutions is rising, leading to the development of new products.

For instance, in September 2023, RedSail Technologies and Guardian Pharmacy of Indianapolis collaborated to launch Axys by Integra, an LTC pharmacy software tailored to modern technology and the specific needs of LTC pharmacies. Such developments are transforming the Long-Term Care (LTC) software market, improving efficiency and care delivery. Based on the mode of delivery, the market is segmented into cloud-based, web-based, and on-premises.

The web-based segment is expected to witness substantial growth, driven by the increasing usage of online platforms. On the other hand, on-premises solutions, which are installed at user locations, primarily on workstations, may face challenges due to their high initial costs, thereby affecting their market growth.As technology evolves, more clinics might opt for cloud-based solutions, which offer cost-effectiveness, flexibility, and enhanced accessibility.

Application Insights

The EHR segment accounted for the largest share of revenue in 2023, at 34% in the U.S. long term care software market. Furthermore, it is projected to experience the highest CAGR during the forecast period. Based on application, the market is segmented into Electronic Health Record (EHR), electronic Medication Administration Record (eMAR), revenue cycle management, resident care, staff management, and others.

Electronic Health Record (EHR) plays an important role in the healthcare industry, catering to the rapidly growing population requiring extended care. Despite this, EHR adoption in LTC facilities has been slower compared to other sectors in the healthcare domain. One of the primary reasons behind this disparity is the exclusion of LTC facilities from incentives under the Meaningful Use Program in the U.S.However, there have been positive developments in recent years, with 84% of nursing facilities choosing EHRs, as indicated by an NCBI study published in 2018. Implementing an EHR system in LTC facilities has the potential to significantly enhance the quality of care if proper implementation, usage, and maintenance are ensured.

End-use Insights

The nursing homes segment dominated the market with a share of 42% in 2023. Increasing awareness about nursing care services, rising EHR implementation in SNFs, and high patient safety are key factors contributing to the growth of the segment. Based on end-use, the market is segmented into home healthcare agencies, hospice & palliative care, nursing homes, and assisted living facilities.

As the demand for nursing homes continues to rise with the aging population, LTC software solutions are expected to support streamlining operations, improve care coordination, and enhance resident experiences. The adoption of such software is anticipated to drive the growth of the nursing home segment in the market, facilitating efficient and comprehensive care for elderly individuals in need.

The home healthcare agencies segment is projected to exhibit the maximum CAGR during the forecast period. Increasing preference for care at home among the elderly and the rising number of remote monitoring solutions enabling independent living are driving high growth of the segment. The segment is likely to further benefit from technological advancements such as telemedicine, mHealth apps, and internet-enabled home monitoring.

U.S. Long Term Care Software Market Key Companies

  • Veradigm LLC (Allscripts Healthcare)
  • Cerner Corporation (Oracle Corporation)
  • Netsmart Technologies, Inc.
  • MatrixCare
  • Yardi Systems, Inc.
  • VITALS SOFTWARE
  • PointClickCare
  • Medtelligent, Inc.
  • AL Advantage, LLC
  • Genexod Technologies LLC
  • Revver, Inc.

U.S. Long Term Care Software Market Segmentations:

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

Frequently Asked Questions

The U.S. long term care software market size was reached at USD 1.41 billion in 2023 and it is projected to hit around USD 4.2 billion by 2033.

The U.S. long term care software market is growing at a compound annual growth rate (CAGR) of 11.52% from 2024 to 2033.

Key factors that are driving the U.S. long term care software market growth include rising need for solutions to reduce healthcare costs, increasing focus on patient-centric care, and strong government support.

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Mode of Delivery Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on U.S. Long Term Care Software Market 

5.1. COVID-19 Landscape: U.S. Long Term Care Software Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. U.S. Long Term Care Software Market, By Mode of Delivery

8.1. U.S. Long Term Care Software Market, by Mode of Delivery, 2024-2033

8.1.1 Cloud-based

8.1.1.1. Market Revenue and Forecast (2021-2033)

8.1.2. Web-based

8.1.2.1. Market Revenue and Forecast (2021-2033)

8.1.3. On-premises

8.1.3.1. Market Revenue and Forecast (2021-2033)

Chapter 9. U.S. Long Term Care Software Market, By Application

9.1. U.S. Long Term Care Software Market, by Application, 2024-2033

9.1.1. Electronic Health Records

9.1.1.1. Market Revenue and Forecast (2021-2033)

9.1.2. Electronic Medication Administration Record (eMAR)

9.1.2.1. Market Revenue and Forecast (2021-2033)

9.1.3. Revenue Cycle Management

9.1.3.1. Market Revenue and Forecast (2021-2033)

9.1.4. Resident Care

9.1.4.1. Market Revenue and Forecast (2021-2033)

9.1.5. Staff Management

9.1.5.1. Market Revenue and Forecast (2021-2033)

9.1.6. Others

9.1.6.1. Market Revenue and Forecast (2021-2033)

Chapter 10. U.S. Long Term Care Software Market, By End-use 

10.1. U.S. Long Term Care Software Market, by End-use, 2024-2033

10.1.1. Home Healthcare Agencies

10.1.1.1. Market Revenue and Forecast (2021-2033)

10.1.2. Hospice & Palliative care

10.1.2.1. Market Revenue and Forecast (2021-2033)

10.1.3. Nursing Homes

10.1.3.1. Market Revenue and Forecast (2021-2033)

10.1.4. Assisted Living Facilities

10.1.4.1. Market Revenue and Forecast (2021-2033)

Chapter 11. U.S. Long Term Care Software Market, Regional Estimates and Trend Forecast

11.1. U.S.

11.1.1. Market Revenue and Forecast, by Mode of Delivery (2021-2033)

11.1.2. Market Revenue and Forecast, by Application (2021-2033)

11.1.3. Market Revenue and Forecast, by End-use (2021-2033)

Chapter 12. Company Profiles

12.1. Veradigm LLC (Allscripts Healthcare).

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Cerner Corporation (Oracle Corporation).

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Netsmart Technologies, Inc.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. MatrixCare.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Yardi Systems, Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. VITALS SOFTWARE

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. PointClickCare.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Medtelligent, Inc.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. AL Advantage, LLC.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Genexod Technologies LLC

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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