Malaysia Long-term Care Software Market Size & Outlook
Malaysia long-term care software market, 2018-2030 (US$M)
Related Markets
Malaysia long-term care software market highlights
- The Malaysia long-term care software market generated a revenue of USD 13.9 million in 2023 and is expected to reach USD 29.8 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 11.5% 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 13.9 million |
| Market revenue in 2030 | USD 29.8 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 |
Other key industry trends
- In terms of revenue, Malaysia accounted for 0.3% 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 30.94% in 2023. Horizon Databook has segmented the Malaysia 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 government efforts to boost healthcare IT adoption among healthcare facilities such as LTC and rising awareness among professionals about the benefits of EHRs are among the primary factors driving the market.
With technological advancements, physicians can use the same EHR software for storing patient data and for telehealth, e-prescribing, clinical assessment documentation, and other clinical & administrative work. Malaysia has been actively working on digitalizing its healthcare system, with a focus on developing technologies for healthcare-related products by 2025.
The country’s digital health strategy aims to improve safety, cost-effectiveness, quality, and access to healthcare through information technology and management systems. However, there are challenges in implementing LTC software, such as the lack of standardization of data across healthcare, which can hinder the seamless exchange of information between different healthcare providers and systems.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Long-Term Care Software Market Scope
Long-Term Care Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Malaysia long-term care software market size, by application, 2018-2030 (US$M)
Malaysia Long-Term Care Software Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
