Middle East & Africa Long-term Care Software Market Size & Outlook
Related Markets
MEA long-term care software market highlights
- The MEA long-term care software market generated a revenue of USD 154.4 million in 2023.
- The market is expected to grow at a CAGR of 9.1% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 154.4 million |
| Market revenue in 2030 | USD 283.4 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Electronic health records (ehr) |
| Fastest growing segment | Electronic Health Records (EHR) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 3.3% of the global long-term care software market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,696.7 million by 2030.
Electronic health records (ehr) was the largest segment with a revenue share of 31.02% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Middle East & Africa includes South Africa, Kuwait, Saudi Arabia, and the UAE. Market growth in this region can be attributed to the steady development of healthcare facilities in emerging economies and an increase in healthcare expenditure.
Some of the key countries in the region, such as Saudi Arabia and the UAE, have exhibited significant growth & major changes in healthcare facilities. Several MEA governments have undertaken various efforts to develop solutions in healthcare settings, such as LTC, which can effectively manage and streamline LTC services.
This trend is coupled with a heightened focus on enhancing the quality of care and improving operational efficiencies in healthcare facilities, further fueling the adoption of specialized software. For instance, in July 2023, the World Bank announced USD 50 million in new funding for Argentina.
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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 |
MEA long-term care software market size, by country, 2018-2030 (US$M)
Middle East & Africa Long-Term Care Software Market Outlook Share, 2023 & 2030 (US$M)
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