Norway Long-term Care Software Market Size & Outlook
Norway long-term care software market, 2018-2030 (US$M)
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Norway long-term care software market highlights
- The Norway long-term care software market generated a revenue of USD 23.9 million in 2023 and is expected to reach USD 42.1 million by 2030.
- The Norway market is expected to grow at a CAGR of 8.4% 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 23.9 million |
| Market revenue in 2030 | USD 42.1 million |
| Growth rate | 8.4% (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, Norway accounted for 0.5% 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 Europe, UK long-term care software market is projected to lead the regional market in terms of revenue in 2030.
- Denmark is the fastest growing regional market in Europe and is projected to reach USD 37.1 million by 2030.
Electronic health records (ehr) was the largest segment with a revenue share of 29.71% in 2023. Horizon Databook has segmented the Norway 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 LTC software market in Norway is expected to grow in the coming years, driven by the need for interoperability and data sharing among healthcare providers, the universal healthcare system financed by a combination of public & private funds, and the high-quality health data, collected and curated for several decades, combined with high levels of digital maturity and strong trust in public institutions.
The Norwegian market primarily features generation two EHR solutions, with no vendors reaching generation three yet. In contrast, global enterprise EHR vendors have more advanced solutions, reaching generation three, and are expected to move toward generation four in the coming years.
The market is expected to be driven by a strong digital infrastructure, a high degree of digital literacy in the country, and the government’s focus on digitizing the healthcare sector. However, there are also challenges to market growth, including data privacy & cybersecurity concerns, lack of funding, interoperability issues, and inadequate reimbursement for digital solutions in LTC.
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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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Norway long-term care software market size, by application, 2018-2030 (US$M)
Norway Long-Term Care Software Market Outlook Share, 2023 & 2030 (US$M)
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