Long-term Care Software Market by Product (EHR, eMAR, Payroll Management), Mode of Delivery (Web-based, On-premises, Cloud-based) & End User (Nursing Homes, Home Health Agencies, Assisted Living Facilities) – Global Forecast to 2019
The global long-term care software market is expected to grow at a CAGR of 13.7% during the forecast period of 2014 to 2019 and is estimated to be worth $7,561.9 million by 2019. The factors such as rise in aging population that triggers the demand for healthcare IT solutions in LTC facilities, dearth of skilled nursing personnel, and increasing healthcare reforms and government initiatives across the globe are expected to spur the demand for LTC software. Similarly, opportunities offered by remote patient monitoring systems and cloud-based software are expected to boost the demand for LTC software. However, the unwillingness of traditional LTC providers to adopt software and high maintenance costs associated with software are hampering the growth of this market. Moreover, the lack of awareness and inadequate government initiatives in developing countries, resulting in lower adoption of LTC software, poses a challenge to this market.
The long-term care software market, by product, is segmented into clinical solutions and non-clinical solutions. The clinical solutions segment is divided into EMR/EHR, e-prescribing, electronic medication administration records, medication management, and clinical decision support systems. The non-clinical solutions segment is further segmented into real-time location systems, remote patient monitoring systems, remote training and supervision systems, payroll management, talent management software and billing, invoicing and scheduling software. The market, by mode of delivery, includes on-premise, web-based, and cloud-based software. The major end users of long-term care software in this report are home health agencies, nursing homes and assisted living facilities, and hospice facilities. The report provides region wise information on this market as well, split across major regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
By 2019, North America will continue to dominate and drive the long-term care software market, primarily due to the increasing demand for LTC software and the rise in aging population. On the other hand, the Asia-Pacific region is expected to witness significant growth during the forecast period, with the majority of growth primarily driven by changing population demographics and the economic development of regions.
The prominent players in the global LTC software market areCerner Corporation (U.S.), Omnicare, Inc. (U.S.), AOD Software (U.S.), Kronos (U.S.), PointClickCare (Canada), Omnicell, Inc. (U.S.), McKesson Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.),Optimus EMR (U.S.), and HealthMEDX, LLC (U.S.).
Reasons to Buy the Report
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help firms to garner greater market shares. Firms purchasing this report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for reaping a greater market share.
This report provides insights on the following pointers:
- Market Penetration: Comprehensive information on product portfolios offered by top players in the long-term care software market. The report analyzes the long-term care software market by type and region, covering North America, Europe, APAC, and RoW
- Product Development/Innovation: Detailed insights on upcoming trends, research and development activities, and new product launches in the long-term care software market
- Market Development: Comprehensive information on lucrative emerging segments of the long-term care software market by product, mode of delivery, and end users
- Market Diversification: Exhaustive information of new products, growing regions, recent developments, and investments in the long-term care software market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, products, manufacturing capabilities, and SWOT analyses of leading players in the long-term care software market
Table of Contents
1 Introduction
1.1 Objectives Of Study
1.2 Stakeholders
1.3 Market Definition
1.4 Market Scope
1.4.1 Year
1.4.2 Currency
1.5 Markets Covered
2 Research Methodology
2.1 Research Approach
2.2 Market Size Estimation
2.3 Market Breakdown And Data Triangulation
2.4 Market Share Estimation
2.5 Key Data From Secondary Sources
2.6 Key Data From Primary Sources
2.6.1 Key Industry Insights
2.7 Assumptions For The Study
3 Executive Summary
4 Premium Insights
4.1 Growth Potential Of The Long-term Care Software Market
4.2 Long-term Care Software Market In Asia-Pacific Region
4.3 Market: Geographic Growth Opportunities
4.4 Market, By Product: Geographic Mix
4.5 Market: Developed Vs. Developing Countries
5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Long-term Care Software Market, By Product
5.2.2 Market, By Mode Of Delivery
5.2.3 Market, By End-User
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growth In The Aging Population To Spur The Demand For Long-term Care Software
5.3.1.2 Shortage Of Nursing Staff And Doctors Boosts The Demand For Long-term Care Services
5.3.1.3 Healthcare Reforms And Government Initiatives To Propel The Adoption Of Long-term Care Software
5.3.2 Restraints
5.3.2.1 Reluctance Of The Traditional Long-term Care Providers To Adopt Software
5.3.2.2 High Software Maintenance Costs Will Hinder The Market Growth
5.3.3 Opportunities
5.3.3.1 Remote Patient Monitoring Opens New Growth Avenues For The Market
5.3.3.2 Cloud Based Software Offers Significant Opportunities
5.3.4 Challenges
5.3.4.1 Lower Adoption Of Long-term Care Software In Developing Countries
6 Industry Trends
6.1 Introduction
6.2 Industry Trends
6.3 Porters Five Forces Analysis
6.3.1 Threat From New Entrants
6.3.2 Threat From Substitutes
6.3.3 Bargaining Power Of Suppliers
6.3.4 Bargaining Power Of Buyers
6.3.5 Intensity Of Competitive Rivalry
6.4 Strategic Benchmarking
6.4.1 New Product Launches And Product Enhancements
7 Market By Product
7.1 Introduction
7.2 Clinical Solutions
7.2.1 Electronic Health Record (EHR)
7.2.2 E-Prescribing
7.2.3 Electronic Medication Administration Record (eMAR)
7.2.4 Clinical Decision Support Systems
7.3 Non-Clinical Solutions
7.3.1 Real-Time Location Systems
7.3.2 Remote Patient Monitoring Systems
7.3.3 Remote Training And Supervision Systems
7.3.4 Payroll Software
7.3.5 Billing, Invoicing & Scheduling Software
7.3.6 Talent Management Software
8 Long-term Care Software Market, By Mode Of Delivery
8.1 Introduction
8.2 Web-Based Solutions
8.3 On-Premise Solutions
8.4 Cloud-Based Solutions
9 Long-term Care Software Market, By End-User
9.1 Introduction
9.2 Home Healthcare Agencies
9.3 Hospice Care Facilities
9.4 Nursing Homes And Assisted Living Facilities
10 Long-term Care Software Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 U.K.
10.3.4 Italy
10.3.5 Spain
10.3.6 RoE
10.4 Asia-Pacific
10.4.1 Introduction
10.4.2 Japan
10.4.3 China
10.4.4 India
10.4.5 Rest Of Asia-Pacific
10.5 Rest Of The World (RoW)
10.5.1 Latin America
10.5.2 Middle East And Africa
10.6 Competitive Landscape
10.6.1 Overview
10.6.2 Major Players Analysis
10.6.2.1 Mckesson: Extensive Product Portfolio
10.6.2.2 Cerner Corporation: Development With Inorganic Startegies
10.6.2.3 Pointclickcare: Strong Presence In U.S. Market
10.6.3 Competitive Situation And Trends
10.6.3.1 New Product Launches
10.6.3.2 Agreements, Partnerships, & Collaborations
10.6.3.3 Mergers And Acquisitions
10.6.3.4 Expansions
10.6.3.5 Product Enhancemnets
11 Company Profiles
11.1 Allscripts Healthcare Solutions Inc.
11.1.1 Business Overview
11.1.2 Company Financials
11.1.3 Products & Services
11.1.4 Key Strategy
11.1.5 Mnm View
11.2 Aod Software (Advanced Answers On Demand, Inc.)
11.2.1 Business Overview
11.2.2 Financials
11.2.3 Product Portfolio
11.2.4 Key Strategy
11.2.5 Recent Developments
11.3 Cerner Corporation
11.3.1 Business Overview
11.3.2 Cerner Corporation: Company Snapshot
11.3.3 Product Portfolio
11.3.4 Key Strategy
11.3.5 Recent Developments
11.3.6 MnM View
11.4 Healthmedx
11.4.1 Business Overview
11.4.2 Financials
11.4.3 Product Portfolio
11.4.4 Key Strategy
11.4.5 Recent Developments
11.5 Kronos Incorporated
11.5.1 Business Overview
11.5.2 Financials
11.5.3 Products & Services
11.5.4 Key Strategy
11.5.5 Recent Developments
11.6 Mckesson Corporation
11.6.1 Business Overview
11.6.2 Company Financials
11.6.3 Products & Services
11.6.4 Key Strategy
11.6.5 Recent Developments
11.6.6 Mnm View
11.7 Omnicare Inc.
11.7.1 Business Overview
11.7.2 Company Financials
11.7.3 Product Portfolio
11.7.4 Key Strategy
11.7.5 Recent Developments
11.7.6 Mnm View
11.8 Omnicell, Inc.
11.8.1 Business Overview
11.8.2 Company Financials
11.8.3 Products & Services
11.8.4 Key Strategy
11.8.5 Recent Developments
11.8.6 Mnm View
11.9 Optimus Emr
11.9.1 Business Overview
11.9.2 Company Financials
11.9.3 Products & Services
11.9.4 Key Strategy
11.9.5 Recent Developments
11.10 Pointclickcare
11.10.1 Business Overview
11.10.2 Company Financials
11.10.3 Product Portfolio
11.10.4 Key Strategy
11.10.5 Recent Developments
12 Appendix
List of Tables
Table 1 Demographic Growth Trends Of Elderly Population
Table 2 Long-term Care Clinical Software Market Size, By Type, 2012–2019 ($Million)
Table 3 Long-term Care Clinical Software Market Size, By Geography, 2012–2019 ($Million)
Table 4 Long-term Care EHR Market Size, By Geography, 2012–2019 ($Million)
Table 5 Long-term Care E-Prescribing Market Size, By Geography, 2012–2019 ($Million)
Table 6 Long-term Care Electronic Medication Administration Record (eMAR) Market Size, By Geography, 2012–2019 ($Million)
Table 7 Long-term Care Medication Management Software Market Size, By Geography, 2012–2019 ($Million)
Table 8 Long-term Care Clinical Decision Support Systems Market Size, By Geography, 2012–2019 ($Million)
Table 9 Long-term Care Non-Clinical Solutions Market Size By Type, 2012–2019 ($Million)
Table 10 Long-term Care Non-Clinical Solutions Market Size By Geography, 2012–2019 ($Million)
Table 11 Long-term Care Real Time Location Systems Market Size, By Geography, 2012–2019 ($Million)
Table 12 Long-term Care Remote Patient Monitoring Systems Market Size, By Geography, 2012–2019 ($Million)
Table 13 Long-term Care Remote Training And Supervision Systems Market Size, By Geography, 2012–2019 ($Million)
Table 14 Long-term Care Payroll Software Market Size, By Geography, 2012–2019 ($Million)
Table 15 Long-term Care Billing, Invoicing And Scheduling Software Market Size, By Geography, 2012–2019 ($Million)
Table 16 Long-term Care Talent Management Software Market Size, By Geography, 2012–2019 ($Million)
Table 17 Global Market Size, By Delivery Mode, 2012-2019 ($Million)
Table 18 Global Market Size, By Region, 2012-2019 ($Million)
Table 19 Web-Based Long-term Care Software Market Size, By Region, 2012-2019 ($Million)
Table 20 On-Premise Long-term Care Software Market Size, By Region, 2012–2019 ($Million)
Table 21 Cloud-Based Long-term Care Software Market Size, By Region, 2012–2019 ($Million)
Table 22 Global Long-term Care Software Market Size, By End User, 2012–2019 ($Million)
Table 23 Market Size For Home Healthcare Agencies, By Region, 2012–2019 ($Million)
Table 24 Market Size For Hospice Care Facilities, By Region, 2012–2019 ($Million)
Table 25 Market Size For Nursing Homes And Assisted Living Facilities, By Region, 2012–2019 ($Million)
Table 26 Long-term Care Software Market Size, By Region, 2012–2019 ($Million)
Table 27 North America: Market Size, By Country, 2012–2019 ($Million)
Table 28 North America: Market Size, By Product, 2012–2019 ($Million)
Table 29 North America: Market Size, By Service, 2012–2019 ($Million)
Table 30 North America: Market Size, By Mode Of Delivery, 2012–2019 ($Million)
Table 31 North America: Market Size, By End User, 2012–2019 ($Million)
Table 32 U.S.: Market Size, By Product, 2012–2019 ($Million)
Table 33 U.S.: Market Size, By Service, 2012–2019 ($Million)
Table 34 U.S.: Market Size, By Mode Of Delivery, 2012–2019 ($Million)
Table 35 U.S.: Market Size, By End User, 2012–2019 ($Million)
Table 36 Canada: Market Size, By Product, 2012–2019 ($Million)
Table 37 Canada: Market Size, By Service, 2012–2019 ($Million)
Table 38 Canada: Market Size, By Mode Of Delivery, 2012–2019 ($Million)
Table 39 Canada: Market, By End User, 2012–2019 ($Million)
Table 40 Europe: Market Size, By Country, 2012-2019 ($Million)
Table 41 Europe: Market Size, By Product, 2012–2019 ($Million)
Table 42 Europe: Market Size, By Service, 2012–2019 ($Million)
Table 43 Europe: Market Size, By Mode Of Delivery, 2012–2019 ($Million)
Table 44 Europe: Market Size, By End User, 2012–2019 ($Million)
Table 45 Germany: Market Size, By Product, 2012 – 2019 ($Million)
Table 46 Germany: Market Size, By Service, 2012–2019 ($Million)
Table 47 Germany: Market Size, By Mode Of Delivery, 2012–2019 ($Million)
Table 48 Germany: Market Size, By End User, 2012–2019 ($Million)
Table 49 France: Market Size, By Product, 2012–2019 ($Million)
Table 50 France: Market Size, By Service, 2012–2019 ($Million)
Table 51 France: Market Size, By Mode Of Delivery, 2012–2019 ($Million)
Table 52 France: Market Size, By End User, 2012 – 2019 ($Million)
Table 53 U.K.: Market Size, By Product, 2012–2019 ($Million)
Table 54 U.K.: Market Size, By Service, 2012–2019 ($Million)
Table 55 U.K.: Market Size, By Mode Of Delivery, 2012 – 2019 ($Million)
Table 56 U.K.: Market Size, By End User, 2012–2019 ($Million)
Table 57 Italy: Market Size, By Product, 2012–2019 ($Million)
Table 58 Italy: Market Size, By Service, 2012–2019 ($Million)
Table 59 Italy: Market Size, By Mode Of Delivery, 2012–2019 ($Million)
Table 60 Italy: Market Size, By End User, 2012–2019 ($Million)
Table 61 Spain: Market Size, By Product, 2012–2019 ($Million)
Table 62 Spain: Market Size, By Service, 2012–2019 ($Million)
Table 63 Spain: Market Size, By Mode Of Delivery, 2012–2019 ($Million)
Table 64 Spain: Market Size, By End User, 2012–2019 ($Million)
Table 65 RoE: Market Size, By Product, 2012–2019 ($Million)
Table 66 RoE: Market Size, By Service, 2012–2019 ($Million)
Table 67 RoE: Market Size, By Mode Of Delivery, 2012–2019 ($Million)
Table 68 RoE: Market Size, By End User, 2012–2019 ($Million)
Table 69 APAC: Market Size, By Region, 2012-2019 ($Million)
Table 70 APAC: Market Size, By Product 2012-2019 ($Million)
Table 71 APAC: Market Size, By Service 2012-2019 ($Million)
Table 72 APAC: Market, By Mode Of Delivery, 2012-2019 ($Million)
Table 73 APAC: Market Size, By End User, 2012-2019 ($Million)
Table 74 Japan: Market Size, By Product, 2012-2019 ($Million)
Table 75 Japan: Market Size, By Service, 2012-2019 ($Million)
Table 76 Japan: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
Table 77 Japan: Market Size, By End User, 2012-2019 ($Million)
Table 78 China: Market Size, By Product, 2012-2019 ($Million)
Table 79 China: Market Size, By Service, 2012-2019 ($Million)
Table 80 China: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
Table 81 China: Market Size, By End User, 2012-2019 ($Million)
Table 82 India: Market Size, By Product, 2012-2019 ($Million)
Table 83 India: Market Size, By Service, 2012-2019 ($Million)
Table 84 India: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
Table 85 India: Market Size, By End User, 2012-2019 ($Million)
Table 86 RoAPAC: Market Size, By Product, 2012-2019 ($Million)
Table 87 RoAPAC: Market Size, By Service, 2012-2019 ($Million)
Table 88 RoAPAC: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
Table 89 RoAPAC: Market Size, By End User, 2012-2019 ($Million)
Table 90 RoW: Market Size, By Region, 2012-2019 ($Million)
Table 91 RoW: Market Size, By Product, 2012-2019 ($Million)
Table 92 RoW: Market Size, By Service, 2012-2019 ($Million)
Table 93 RoW: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
Table 94 RoW: Market Size, By End User, 2012-2019 ($Million)
Table 95 Latin America: Market Size, By Product, 2012-2019 ($Million)
Table 96 Latin America: Market Size, By Service, 2012-2019 ($Million)
Table 97 Latin America: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
Table 98 Latin America: Market Size, By End User, 2012-2019 ($Million)
Table 99 Middle East & Africa: Market Size, By Product, 2012-2019 ($Million)
Table 100 Middle East & Africa: Market Size, By Service, 2012-2019 ($Million)
Table 101 Middle East & Africa: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
Table 102 Middle East & Africa: Market Size, By End User, 2012-2019 ($Million)
Table 103 Growth Strategy Matrix, 2011 – 2014
Table 104 New Product Launches, 2013–2014
Table 105 Agreements, Partnerships, & Collaborations, 2013–2014
Table 106 Mergers And Acquisitions, 2013–2014
List of Figures
Figure 1 Research Methodology
Figure 2 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Global Market, By Product, 2014 Vs 2019 ($Million)
Figure 7 Market, By End-User (2014–2019)
Figure 8 Global Market Share, 2013
Figure 9 Attractive Growth Opportunity In The Long-term Care Software Market
Figure 10 Xx Capture More Than Half Of The APAC Long-term Care Software Market
Figure 11 U.S. Commands One-Fourth Of The Global Market
Figure 12 APAC Dominates The Long-term Care Software Market In 2014
Figure 13 Developing Markets To Register Twofold Growth In The Forecast Period
Figure 14 Porter’s Five Forces Analysis – Reference
Figure 15 Global Market, By Delivery Mode, 2014 Vs. 2019
Figure 16 Global Market, By End User, 2014 Vs. 2019
Figure 17 Geographic Snapshot (2013) – Rapid Growth Markets Emerging As New Hot Spots
Figure 18 Xx Offers High Growth Potential For Most Product Categories
Figure 19 Companies Adopted Product Innovation As A Key Growth Strategy
Figure 20 Geographic Reach Vs. Product Portfolio By Key Players (2013)
Figure 21 Battle For Market Share: New Product Launches Was The Key Strategy
Figure 22 Company Snapshot
Figure 23 Company Snapshot
Figure 24 Omnicare, Inc.: Company Snapshot
Figure 25 Omnicell, Inc.: Company Snapshot