Australia Long-term Care Software Market Size & Outlook
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Australia long-term care software market highlights
- The Australia long-term care software market generated a revenue of USD 89.6 million in 2023 and is expected to reach USD 186.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 11.1% from 2024 to 2030.
- In terms of segment, electronic health records (ehr) was the largest revenue generating application in 2023.
- Electronic Health Records (EHR) is the most lucrative application segment registering the fastest growth during the forecast period.
Long-term care software market data book summary
| Market revenue in 2023 | USD 89.6 million |
| Market revenue in 2030 | USD 186.6 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Electronic health records (ehr) |
| Fastest growing segment | Electronic Health Records (EHR) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electronic Health Records (EHR), Electronic Medication Administration Record (eMAR), Revenue Cycle Management (RCM), Resident Care, Staff Management |
Other key industry trends
- In terms of revenue, Australia accounted for 1.9% of the global long-term care software market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China long-term care software market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 351.7 million by 2030.
Electronic health records (ehr) was the largest segment with a revenue share of 30.36% in 2023. Horizon Databook has segmented the Australia long-term care software market based on electronic health records (ehr), electronic medication administration record (emar), revenue cycle management (rcm), resident care, staff management covering the revenue growth of each sub-segment from 2018 to 2030.
Australia’s long term care software market is primarily driven by an increase in IT spending, a shift in the trend toward developing an integrated health system, and more initiatives being undertaken to promote the adoption of healthcare IT.
Increasing demand for improved, safe, and integrated healthcare is one of the major factors responsible for the increase in investments in Australia. The penetration of integrated health systems is growing, which is likely to boost the market.
Moreover, growing interest in Picture Archiving & Communications Systems (PACS), Radiology Information Systems (RIS), and EMRs is positively impacting market growth. For instance, in May 2023, OPAN supported the government's USD 36 billion allocation in the 2023 Budget for aged care reform, enhancing legislation, worker pay, and home care.
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Long-Term Care Software Market Scope
Long-Term Care Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Knight Health | View profile | 51-100 | South Perth, Western Australia, Australia, Oceania | https://www.knighthealth.com.au |
| Diversicare Healthcare Services | View profile | 1001-5000 | Brentwood, Tennessee, United States, North America | http://www.advocatinc.com/ |
| Atria Senior Living | View profile | 10001+ | Louisville, Kentucky, United States, North America | http://atriaseniorliving.com |
| LHC Group | View profile | 5001-10000 | Lafayette, Louisiana, United States, North America | http://lhcgroup.com/about-lhc-group |
| Home Instead | View profile | 501-1000 | Omaha, Nebraska, United States, North America | http://www.homeinstead.com |
| Sunrise Senior Living | View profile | 10001+ | Mclean, Virginia, United States, North America | https://www.sunriseseniorliving.com |
| Sonida Senior Living Inc | View profile | 3955 | 14755 Preston Road, Suite 810, Dallas, TX, United States, 75254 | https://www.sonidaseniorliving.com |
| Extendicare Inc | View profile | 22000 | 3000 Steeles Avenue East, Suite 700, Markham, ON, Canada, L3R 4T9 | https://www.extendicare.com |
| Brookdale Senior Living Inc | View profile | 36000 | 111 Westwood Place, Suite 400, Brentwood, TN, United States, 37027 | https://www.brookdale.com |
| Amedisys Inc | View profile | 19000 | 3854 American Way, Suite A, Baton Rouge, LA, United States, 70816 | https://www.amedisys.com |
| Genesis Healthcare Inc Class A | View profile | 44000 | 101 East State Street, Kennett Square, PA, United States, 19348 | http://www.genesishcc.com |
Australia Application - Long-term Care Software Market size, 2023 - 2030 (US$M)
Australia Long-Term Care Software Market Outlook Share, 2023 & 2030 (US$M)
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