Mexico Long-term Care Software Market Size & Outlook
Mexico long-term care software market, 2018-2030 (US$M)
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Mexico long-term care software market highlights
- The Mexico long-term care software market generated a revenue of USD 83.1 million in 2023 and is expected to reach USD 141.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.9% 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 83.1 million |
| Market revenue in 2030 | USD 141.2 million |
| Growth rate | 7.9% (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, Mexico accounted for 1.8% 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 North America, U.S. long-term care software market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 427.1 million by 2030.
Electronic health records (ehr) was the largest segment with a revenue share of 29.84% in 2023. Horizon Databook has segmented the Mexico 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.
The country's rapidly aging population is creating an increased demand for efficient and effective LTC solutions. As the elderly population expands, there is a growing need for technology that streamlines care management, enhances the quality of care, and improves operational efficiency in LTC facilities.
This demographic shift drives the adoption of advanced software solutions that offer comprehensive features such as EHR, real-time monitoring, and integrated communication tools. In addition, the Mexican government's initiatives to modernize healthcare infrastructure and improve care standards fuel the market growth.
Investments in digital health technologies, including LTC software, are part of broader efforts to enhance the healthcare system's capacity and accessibility. The country held the first-of-its-kind event, the Digital Health Forum Mexico (DHFM), in 2018.
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Long-Term Care Software Market Scope
Long-Term Care Software Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico long-term care software market size, by application, 2018-2030 (US$M)
Mexico Long-Term Care Software Market Outlook Share, 2023 & 2030 (US$M)
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