Spain Long-term Care Software Market Size & Outlook
Spain long-term care software market, 2018-2030 (US$M)
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Spain long-term care software market highlights
- The Spain long-term care software market generated a revenue of USD 75.5 million in 2023 and is expected to reach USD 124.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 7.4% 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 75.5 million |
| Market revenue in 2030 | USD 124.5 million |
| Growth rate | 7.4% (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, Spain accounted for 1.6% 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 29.4% in 2023. Horizon Databook has segmented the Spain 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 Spain, the market is expected to be driven by the need to modernize healthcare operations, improve patient care, and enhance healthcare facilities’ overall efficiency. The market is also expected to be shaped by the increasing adoption of cloud-based systems, mobile applications, and AI in healthcare information management.
Furthermore, rising geriatric population, growing disease burden, and increasing investments in health IT infrastructure are driving the market. For instance, in November 2021, the Spanish government announced an investment of USD 1.5 billion (EUR 1.47 billion) in health technology. Moreover, various strategic initiatives are expected to propel market growth.
Furthermore, the ongoing digital transformation in the healthcare sector, coupled with a growing emphasis on patient-centered care, has increased the demand for integrated LTC software solutions. These solutions offer functionalities such as EHR, e-prescribing, and telehealth services, which are crucial for enhancing operational efficiency and improving the quality of care.
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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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Spain long-term care software market size, by application, 2018-2030 (US$M)
Spain Long-Term Care Software Market Outlook Share, 2023 & 2030 (US$M)
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