Market revenue in 2023 | USD 9.9 million |
Market revenue in 2030 | USD 21.3 million |
Growth rate | 11.5% (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 |
Electronic health records (ehr) was the largest segment with a revenue share of 31.31% in 2023. Horizon Databook has segmented the Indonesia 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.
Increasing penetration of smartphones, rising need to curb healthcare costs, rapidly aging population, advancements in healthcare IT infrastructure, improving internet connectivity with the introduction of 4G/5G, increasing prevalence of chronic diseases, and growing accessibility of virtual care are some of the major factors expected to fuel Indonesia’s long term care software market growth.
Government support to improve the healthcare IT infrastructure is also expected to boost the market. For instance, in December 2023, the Asian Development Bank (ADB) sanctioned an investment loan of USD 650 million to the Indonesian government for upgrading and enhancing primary healthcare facilities & public health laboratories across the country.
Technological advancements in healthcare IT infrastructure, such as IoT, big data, and AI, are significant factors propelling market growth. Companies are launching new technologies that have increased the number of healthcare IT solutions for cybersecurity and AI applications.
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