South Africa Long-term Care Software Market Size & Outlook
Related Markets
South Africa long-term care software market highlights
- The South Africa long-term care software market generated a revenue of USD 59.7 million in 2023 and is expected to reach USD 110.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.2% 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 59.7 million |
| Market revenue in 2030 | USD 110.4 million |
| Growth rate | 9.2% (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, South Africa accounted for 1.3% 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 Middle East & Africa, South Africa long-term care software market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 36.0 million by 2030.
Electronic health records (ehr) was the largest segment with a revenue share of 30.99% in 2023. Horizon Databook has segmented the South 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.
The healthcare IT market of South Africa is growing at a slower pace, majorly due to a lack of established healthcare infrastructure and awareness regarding technological advancements. Although the South African market is in the nascent stage, an increase in the adoption of IT in healthcare is expected to boost the market.
The eHealth strategy in South Africa’s public health sector is expected to accelerate the deployment of LTC solutions, focusing on enhancing the efficiency and effectiveness of the national health information system through a patient-centric approach.
For instance, in March 2024, the government of South Africa announced the budget for the financial year 2024–2025 with USD 127.6 billion, out of which USD 15.29 billion (R271.9 billion) for health. This strategic emphasis is to contribute significantly to the advancement of the long-term care software market.
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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 |
South Africa Application - Long-term Care Software Market size, 2023 - 2030 (US$M)
South Africa Long-Term Care Software Market Outlook Share, 2023 & 2030 (US$M)
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