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.
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 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) |
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.
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.
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.
By Mode of Delivery
By Application
By End-use
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