Philippines Long-term Care Software Market Size & Outlook
Philippines long-term care software market, 2018-2030 (US$M)
Related Markets
Philippines long-term care software market highlights
- The Philippines long-term care software market generated a revenue of USD 12.3 million in 2023 and is expected to reach USD 26.5 million by 2030.
- The Philippines market is expected to grow at a CAGR of 11.6% 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 12.3 million |
| Market revenue in 2030 | USD 26.5 million |
| Growth rate | 11.6% (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, Philippines 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 30.89% in 2023. Horizon Databook has segmented the Philippines 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 Philippine long term care software market is expected to grow, fueled by an increasing elderly population, a growing prevalence of chronic conditions, government initiatives toward digital health, and a rising recognition of the need for efficient healthcare service delivery.
For instance, in October 2023, The Philippine government planned to allocate approximately USD 404.1 million (PHP 22.98 billion) in 2024 to improve healthcare facilities and services nationwide. This substantial investment is expected to drive the adoption of advanced LTC software solutions, fostering growth in the sector.
Enhanced infrastructure and upgraded services are expected to support the integration of sophisticated care management technologies, benefiting the long-term care software market. The surge in technology adoption across healthcare facilities, alongside the push for better healthcare infrastructure and services, is driving demand for innovative software solutions.
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 |
|---|
Philippines long-term care software market size, by application, 2018-2030 (US$M)
Philippines 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
