North America Long-term Care Software Market Size & Outlook
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North America long-term care software market highlights
- The North America long-term care software market generated a revenue of USD 2,404.6 million in 2023.
- The market is expected to grow at a CAGR of 7.5% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,404.6 million |
| Market revenue in 2030 | USD 3,977.7 million |
| Growth rate | 7.5% (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, North America region accounted for 51.0% 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 29.59% in 2023. Horizon Databook has segmented the North America 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.
In North America, the market is witnessing substantial growth, driven by an increasing demand for comprehensive healthcare solutions among the rapidly aging population. The growing geriatric population is prompting healthcare facilities to adopt advanced software solutions for better patient care management, efficient operation workflows, and effective handling of administrative tasks.
Moreover, the rise in the prevalence of chronic diseases and the need for continuous care & monitoring of patients have necessitated the integration of technologically advanced software systems in LTC facilities.
These systems offer functionalities such as EHRs, e-prescribing, patient management, and billing & invoicing, thereby ensuring operational efficiency & improving the quality of care provided. Furthermore, government initiatives and regulatory support are among the significant factors propelling the market growth.
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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 |
North America long-term care software market size, by country, 2018-2030 (US$M)
North America Long-Term Care Software Market Outlook Share, 2023 & 2030 (US$M)
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