Vietnam Long-term Care Software Market Size & Outlook
Vietnam long-term care software market, 2018-2030 (US$M)
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Vietnam long-term care software market highlights
- The Vietnam long-term care software market generated a revenue of USD 11.1 million in 2023 and is expected to reach USD 23.9 million by 2030.
- The Vietnam 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 11.1 million |
| Market revenue in 2030 | USD 23.9 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, Vietnam accounted for 0.2% 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 30.63% in 2023. Horizon Databook has segmented the Vietnam 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 Vietnam long term care software market is primarily driven by the increasing demand for healthcare services among its aging population, coupled with the government's push toward digital health initiatives.
For instance, in March 2024, the Ministry of Health projected that by the end of this year, the elderly population is expected to reach over 21 million, which accounts for around 20% of the overall population.
This increase in the elderly population is expected to increase the demand for LTC facilities, which is anticipated to increase the demand for LTC software to meet the demand in the future. Rapid urbanization and economic growth have further catalyzed the adoption of cutting-edge technologies in healthcare facilities, aiming to enhance care quality and operational efficiency.
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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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Vietnam long-term care software market size, by application, 2018-2030 (US$M)
Vietnam Long-Term Care Software Market Outlook Share, 2023 & 2030 (US$M)
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