HOME Top Market Reports Long-term Care Software Market by Product (EHR, eMAR, Payroll Management), Mode of Delivery (Web-based, On-premises, Cloud-based) & End User (Nursing Homes, Home Health Agencies, Assisted Living Facilities) - Global Forecast to 2019

Long-term Care Software Market by Product (EHR, eMAR, Payroll Management), Mode of Delivery (Web-based, On-premises, Cloud-based) & End User (Nursing Homes, Home Health Agencies, Assisted Living Facilities) - Global Forecast to 2019

By: marketsandmarkets.com
Publishing Date: November 2014
Report Code: HIT 2951

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The global long-term care software market was valued at $1,016.7 million in 2013. This market is expected to reach $2,074.0 million by 2019 at a CAGR of 12.7% from 2014 to 2019. In this report, the global long-term care software market is segmented by product, mode of delivery, and end users. The market by product comprises clinical software and non-clinical software. The market by mode of delivery includes web-based, on-premise, and cloud-based modes. The market by end users contains home health agencies, nursing homes and assisted living facilities, and hospice facilities.

The long-term care software market has witnessed significant growth in the past few years, mainly due to several factors such as demographic trends, shortage of healthcare practitioners, and various government initiatives across the globe to curtail increasing healthcare costs. However, reluctance by traditional LTC providers to adopt software, and the high cost of software maintenance are hampering the growth of this market to a certain extent. Moreover, the low adoption of LTC software by developing countries poses challenges for this market.

North America holds the largest share of the global long-term care software market. However, in forthcoming years, developing regions such as Asia-Pacific (Japan, China, and India) and Latin America are expected to emerge as new revenue-generating pockets for the market players. Economic developments and changing demographic trends in these regions are key factors driving the growth of the long-term care software market in developing regions.

New product launches and partnerships and collaborations are the key strategies adopted by market players to ensure market growth. Prominent players in the market are Cerner Corporation (U.S.), Omnicare, Inc. (U.S.), AOD Software (U.S.), Kronos (U.S.), PointClickCare (Canada), Omnicell, Inc. (U.S.), McKesson Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), MatrixCare (U.S.), SigmaCare (U.S.), Optimus EMR (U.S.), and HealthMEDX LLC (U.S.).

Table of Contents 
 
1 Introduction (Page No. - 15)
  1.1 Objectives Of Study
  1.2 Market Definition
  1.3 Market Scope
      1.3.1 Years Considered For The Study
      1.3.2 Markets Covered
  1.4 Currency
  1.5 Limitations
  1.6 Stakeholders

2 Research Methodology (Page No. - 19)
  2.1 Research Approach
  2.2 Market Size Estimation
  2.3 Market Breakdown And Data Triangulation
  2.4 Market Share Estimation
      2.4.1 Key Data From Secondary Sources
  2.5 Key Data From Primary Sources
      2.5.1 Key Industry Insights
  2.6 Assumptions For The Study

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
  4.1 Growth Potential Of The Long-Term Care Software Market
  4.2 Clinical Software Market In Asia-Pacific
  4.3 Long-Term Care Software Market: Regional Growth Opportunities
  4.4 Remote Patient Monitoring Systems Market To Grow At Highest Cagr In Apac Region
  4.5 Long-Term Care Software Market: Developed Vs. Developing Countries

5 Market Overview (Page No. - 34)
  5.1 Introduction
  5.2 Market Segmentation
      5.2.1 By Product
      5.2.2 By Mode Of Delivery
      5.2.3 By End User
  5.3 Market Dynamics
      5.3.1 Drivers
            5.3.1.1 Growth In Aging Population
            5.3.1.2 Shortage Of Nursing Staff And Doctors
            5.3.1.3 Healthcare Reforms And Government Initiatives
      5.3.2 Restraints
            5.3.2.1 Reluctance Of The Traditional Long-Term Care Providers To Adopt Software
            5.3.2.2 High Software Maintenance Costs
      5.3.3 Opportunities
            5.3.3.1 Remote Patient Monitoring Opens New Growth Avenues For The Market
            5.3.3.2 Cloud-Based Software Offers Significant Opportunities
      5.3.4 Challenges
            5.3.4.1 Lower Adoption Of Long-Term Care Software In Developing Countries

6 Industry Insights (Page No. - 42)
  6.1 Introduction
  6.2 Industry Trends
      6.2.1 Shift Towards Automation In Nursing Facilities
      6.2.2 Growing Demand For Cloud-Based Solutions And Mobile Platforms
  6.3 Porter’s Five Forces Analysis
      6.3.1 Threat From New Entrants
      6.3.2 Threat From Substitutes
      6.3.3 Bargaining Power Of Suppliers
      6.3.4 Bargaining Power Of Buyers
      6.3.5 Intensity Of Competitive Rivalry
  6.4 Strategic Benchmarking
      6.4.1 Need For Advanced Solutions To Drive Innovation In The Market

7 Long-Term Care Software Market, By Product (Page No. - 48)
  7.1 Introduction
  7.2 Clinical Software
      7.2.1 Electronic Health Records
      7.2.2 E-Prescribing
      7.2.3 Electronic Medication Administration Records
      7.2.4 Clinical Decision Support Systems
  7.3 Non-Clinical Solutions
      7.3.1 Real-Time Location Systems
      7.3.2 Remote Patient Monitoring Systems
      7.3.3 Remote Training And Supervision Systems
      7.3.4 Payroll Software
      7.3.5 Billing, Invoicing, & Scheduling Software
      7.3.6 Talent Management Software

8 Long-Term Care Software Market, By Mode Of Delivery (Page No. - 67)
  8.1 Introduction
  8.2 Web-Based Solutions
  8.3 On-Premise Solutions
  8.4 Cloud-Based Solutions

9 Long-Term Care Software Market, By End-User (Page No. - 74)
  9.1 Introduction
  9.2 Home Healthcare Agencies
  9.3 Hospice Care Facilities
  9.4 Nursing Homes And Assisted Living Facilities

10 Long-Term Care Software Market, By Geography (Page No. - 82)
   10.1 Introduction
   10.2 North America
        10.2.1 U.S.
        10.2.2 Canada
   10.3 Europe
        10.3.1 Germany
        10.3.2 France
        10.3.3 U.K.
        10.3.4 Italy
        10.3.5 Spain
        10.3.6 Rest Of Europe (RoE)
   10.4 Asia-Pacific
        10.4.1 Japan
        10.4.2 China
        10.4.3 India
        10.4.4 Rest Of Asia-Pacific (ROAPAC)
   10.5 Rest Of The World (RoW)
        10.5.1 Latin America
        10.5.2 Middle East And Africa

11 Competitive Landscape (Page No. - 140)
   11.1 Overview
   11.2 Competitive Situation And Trends
        11.2.1 New Product Launches
        11.2.2 Agreements, Partnerships, & Collaborations
        11.2.3 Mergers And Acquisitions
        11.2.4 Expansions
        11.2.5 Product Enhancements, 2013-2014
   11.3 Analysis Of Key Vendors

12 Company Profiles (Page No. - 150)
   12.1 Allscripts Healthcare Solutions, Inc.
   12.2 Cerner Corporation
   12.3 Mckesson Corporation
   12.4 Omnicare, Inc.
   12.5 Omnicell, Inc.
   12.6 Aod Software (Advanced Answers On Demand, Inc.)
   12.7 Healthmedx
   12.8 Kronos Incorporated
   12.9 Matrix Care
   12.10 Optimus Emr
   12.11 Pointclickcare
   12.12 Sigmacare
*Details On Business Overview, Product Portfolio, Key Strategy, & Recent Developments Might Not Be Captured In Case Of Unlisted Companies.  
 
13 Appendix (Page No. - 179)
   13.1 Insights Of Industry Experts
   13.2 Available Customizations
   13.3 Introducing Rt: Real Time Market Intelligence
   13.4 Related Reports
 
List of Tables  (124 Tables)
 
Table 1 Long-Term Care Software Market Size, By Product, 2012–2019 ($Million) 
Table 2 Long-Term Care Clinical Software Market Size, By Type, 2012–2019 ($Million) 
Table 3 Long-Term Care Clinical Software Market Size, By Region, 2012–2019 ($Million) 
Table 4 Long-Term Care Ehr Market Size, By Region, 2012–2019 ($Million)
Table 5 Long-Term Care E-Prescribing Market Size, By Region, 2012–2019 ($Million) 
Table 6 Long-Term Care Electronic Medication Administration Records Market Size, By Region, 2012–2019 ($Million)
Table 7 Long-Term Care Clinical Decision Support Systems Market Size, By Geography, 2012–2019 ($Million) 
Table 8 Long-Term Care Non-Clinical Solutions Market Size, By Type, 2012–2019 ($Million) 
Table 9 Long-Term Care Non-Clinical Solutions Market Size, By Region, 2012–2019 ($Million) 
Table 10 Long-Term Care Real-Time Location Systems Market Size, By Region, 2012–2019 ($Million)
Table 11 Long-Term Care Remote Patient Monitoring Systems Market Size, By Region, 2012–2019 ($Million) 
Table 12 Long-Term Care Remote Training And Supervision Systems Market Size, By Region, 2012–2019 ($Million)
Table 13 Long-Term Care Payroll Software Market Size, By Region, 2012–2019 ($Million) 
Table 14 Long-Term Care Patient Billing, Invoicing, And Scheduling Software Market Size, By Region, 2012–2019 ($Million)
Table 15 Long-Term Care Talent Management Software Market Size, By Region, 2012–2019 ($Million)
Table 16 Global Long-Term Care Software Market Size, By Delivery Mode, 2012-2019 ($Million) 
Table 17 Web-Based Long-Term Care Software Market Size, By Region, 2012-2019 ($Million) 
Table 18 On-Premise Long-Term Care Software Market Size, By Region, 2012–2019 ($Million) 
Table 19 Cloud-Based Long-Term Care Software Market Size, By Region, 2012–2019 ($Million) 
Table 20 Global Long-Term Care Software Market Size, By End User, 2012–2019 ($Million) 
Table 21 Long-Term Care Software Market Size For Home Healthcare Agencies, By Region, 2012–2019 ($Million)
Table 22 Long-Term Care Software Market Size For Hospice Care Facilities, By Region, 2012–2019 ($Million) 
Table 23 Long-Term Care Software Market Size For Nursing Homes And Assisted Living Facilities, By Region, 2012–2019 ($Million)
Table 24 Long-Term Care Software Market Size, By Region, 2012–2019 ($Million)
Table 25 North America: Market Size, By Country, 2012–2019 ($Million)
Table 26 North America: Market Size, By Product, 2012–2019 ($Million)
Table 27 North America: Long-Term Care Clinical Software Market Size, By Product, 2012–2019 ($Million) 
Table 28 North America: Long-Term Care Non-Clinical Software Market Size, By Product, 2012–2019 ($Million) 
Table 29 North America: Market Size, By Mode Of Delivery, 2012–2019 ($Million)
Table 30 North America: Market Size, By End User, 2012–2019 ($Million)
Table 31 U.S.: Market Size, By Product, 2012–2019 ($Million) 
Table 32 U.S.: Long-Term Care Clinical Software Market Size, By Product, 2012–2019 ($Million) 
Table 33 U.S.: Long-Term Care Non-Clinical Software Market Size, By Product, 2012–2019 ($Million)
Table 34 U.S.: Market Size, By Mode Of Delivery, 2012–2019 ($Million) 
Table 35 U.S.: Market Size, By End User, 2012–2019 ($Million) 
Table 36 Canada: Market Size, By Product, 2012–2019 ($Million) 
Table 37 Canada: Long-Term Care Clinical Software Market Size, By Product, 2012–2019 ($Million)
Table 38 Canada: Market Size, By Product, 2012–2019 ($Million) 
Table 39 Canada: Market Size, By Mode Of Delivery, 2012–2019 ($Million)
Table 40 Canada: Market Size, By End User, 2012–2019 ($Million) 
Table 41 Europe: Market Size, By Country, 2012-2019 ($Million) 
Table 42 Europe: Market Size, By Product, 2012–2019 ($Million) 
Table 43 Europe: Long-Term Care Clinical Software Market Size, By Product, 2012–2019 ($Million)
Table 44 Europe: Long-Term Care Non-Clinical Software Market Size, By Product, 2012–2019 ($Million)
Table 45 Europe: Market Size, By Mode Of Delivery, 2012–2019 ($Million)
Table 46 Europe: Market Size, By End User, 2012–2019 ($Million) 
Table 47 Germany: Market Size, By Product, 2012 – 2019 ($Million) 
Table 48 Germany: Long-Term Care Clinical Software Market Size, By Product, 2012–2019 ($Million)
Table 49 Germany: Long-Term Care Non-Clinical Software Market Size, By Product, 2012–2019 ($Million) 
Table 50 Germany: Market Size, By Mode Of Delivery, 2012–2019 ($Million)
Table 51 Germany: Market Size, By End User, 2012–2019 ($Million) 
Table 52 France: Market Size, By Product, 2012–2019 ($Million) 
Table 53 France: Long-Term Care Clinical Software Market Size, By Product, 2012–2019 ($Million)
Table 54 France: Long-Term Care Non-Clinical Software Market Size, By Product, 2012–2019 ($Million)
Table 55 France: Market Size, By Mode Of Delivery, 2012–2019 ($Million)
Table 56 France: Market Size, By End User, 2012 – 2019 ($Million) 
Table 57 U.K.: Market Size, By Product, 2012–2019 ($Million) 
Table 58 U.K.: Long-Term Care Clinical Software Market Size, By Product, 2012–2019 ($Million) 
Table 59 U.K.: Long-Term Care Non-Clinical Software Market Size, By Mode Of Delivery, 2012 – 2019 ($Million)
Table 60 U.K.: Market Size, By Mode Of Delivery, 2012–2019 ($Million) 
Table 61 U.K.: Market Size, By End User, 2012–2019 ($Million) 
Table 62 Italy: Market Size, By Product, 2012–2019 ($Million) 
Table 63 Italy: Long-Term Care Clinical Software Market Size, By Product, 2012–2019 ($Million) 
Table 64 Italy: Long-Term Care Non-Clinical Software Market Size, By Product, 2012–2019 ($Million)
Table 65 Italy: Market Size, By Mode Of Delivery, 2012–2019 ($Million)
Table 66 Italy: Market Size, By End User, 2012–2019 ($Million) 
Table 67 Spain: Market Size, By Product, 2012–2019 ($Million) 
Table 68 Spain: Market Size, By Product, 2012–2019 ($Million) 
Table 69 Spain: Long-Term Care Clinical Software Market Size, By Product, 2012–2019 ($Million)
Table 70 Spain: Market Size, By Mode Of Delivery, 2012–2019 ($Million)
Table 71 Spain: Market Size, By End User, 2012–2019 ($Million) 
Table 72 ROE: Market Size, By Product, 2012–2019 ($Million) 
Table 73 ROE: Long-Term Care Clinical Software Market Size, By Product, 2012–2019 ($Million) 
Table 74 ROE: Long-Term Care Non-Clinical Software Market Size, By Product, 2012–2019 ($Million)
Table 75 ROE: Market Size, By Mode Of Delivery, 2012–2019 ($Million) 
Table 76 ROE: Market Size, By End User, 2012–2019 ($Million) 
Table 77 Asia-Pacific: Market Size, By Region, 2012-2019 ($Million) 
Table 78 Asia-Pacific: Market Size, By Product, 2012-2019 ($Million) 
Table 79 Asia-Pacific: Long-Term Care Clinical Software Market Size, By Product, 2012-2019 ($Million)
Table 80 Asia-Pacific: Long-Term Care Non-Clinical Software Market Size, By Product, 2012-2019 ($Million) 
Table 81 Asia-Pacific: Market, By Mode Of Delivery, 2012-2019 ($Million)
Table 82 Asia-Pacific: Market Size, By End User, 2012-2019 ($Million) 
Table 83 Japan: Market Size, By Product, 2012-2019 ($Million) 
Table 84 Japan: Long-Term Care Clinical Software Market Size, By Product, 2012-2019 ($Million) 
Table 85 Japan: Long-Term Care Non-Clinical Software Market Size, By Product, 2012-2019 ($Million)
Table 86 Japan: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
Table 87 Japan: Market Size, By End User, 2012-2019 ($Million) 
Table 88 China: Market Size, By Product, 2012-2019 ($Million) 
Table 89 China: Long-Term Care Clinical Software Market Size, By Product, 2012-2019 ($Million) 
Table 90 China: Long-Term Care Non-Clinical Software Market Size, By Product, 2012-2019 ($Million)
Table 91 China: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
Table 92 China: Market Size, By End User, 2012-2019 ($Million) 
Table 93 India: Market Size, By Product, 2012-2019 ($Million) 
Table 94 India: Long-Term Care Clinical Software Market Size, By Product, 2012-2019 ($Million) 
Table 95 India: Long-Term Care Non-Clinical Software Market Size, By Product, 2012-2019 ($Million)
Table 96 India: Market Size, By Mode Of Delivery, 2012-2019 ($Million) 
Table 97 India: Market Size, By End User, 2012-2019 ($Million) 
Table 98 ROAPAC: Market Size, By Product, 2012-2019 ($Million) 
Table 99 ROAPAC: Long-Term Care Clinical Software Market Size, By Product, 2012-2019 ($Million)
Table 100 ROAPAC: Long-Term Care Non-Clinical Software Market Size, By Product, 2012-2019 ($Million)
Table 101 ROAPAC: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
Table 102 ROAPAC: Market Size, By End User, 2012-2019 ($Million) 
Table 103 RoW: Market Size, By Region, 2012-2019 ($Million) 
Table 104 RoW: Market Size, By Product, 2012-2019 ($Million) 
Table 105 RoW: Long-Term Care Clinical Software Market Size, By Product, 2012-2019 ($Million) 
Table 106 RoW: Long-Term Care Non-Clinical Software Market Size, By Product, 2012-2019 ($Million)
Table 107 RoW: Market Size, By Mode Of Delivery, 2012-2019 ($Million) 
Table 108 Row: Market Size, By End User, 2012-2019 ($Million) 
Table 109 Latin America: Market Size, By Product, 2012-2019 ($Million) 
Table 110 Latin America: Long-Term Care Clinical Software Market Size, By Product, 2012-2019 ($Million) 
Table 111 Latin America: Long-Term Care Non-Clinical Software Market Size, By Product, 2012-2019 ($Million) 
Table 112 Latin America: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
Table 113 Latin America: Market Size, By End User, 2012-2019 ($Million)
Table 114 Middle East & Africa: Market Size, By Product, 2012-2019 ($Million) 
Table 115 Middle East & Africa: Long-Term Care Clinical Software Market Size, By Product, 2012-2019 ($Million) 
Table 116 Middle East & Africa: Long-Term Care Non-Clinical Software Market Size, By Product, 2012-2019 ($Million)
Table 117 Middle East & Africa: Market Size, By Mode Of Delivery, 2012-2019 ($Million) 
Table 118 Middle East & Africa: Market Size, By End User, 2012-2019 ($Million) 
Table 119 Growth Strategy Matrix, 2011–2014
Table 120 New Product Launches, 2013–2014
Table 121 Agreements, Partnerships, & Collaborations, 2013–2014
Table 122 Mergers And Acquisitions, 2013–2014
Table 123 Expansions, 2013-2014
Table 124 Product Enhancements 
  
List of Figures  (31 Figures)
 
Figure 1 Research Methodology
Figure 2 Breakdown Of Primary Interviews: By Company Type, Designation, And Region 
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Ehr Will Continue To Dominate Global Long-Term Care Clinical Software Market During The Forecast Period
Figure 7 Patient Billing, Invoicing And Scheduling Software To Dominate The Market During Forecast Period
Figure 8 North America Dominated The Global Market In 2013
Figure 9 New Product Launches Adopted As A Major Strategy By Market Players During 2011 To 2014
Figure 10 Attractive Growth Opportunities In The Global Market
Figure 11 Demographic Growth Trends Of Elderly Population
Figure 12 Shift Towards Automation In Nursing Facilities Is The Leading Trend In The Industry
Figure 13 Porter’s Five Forces Analysis
Figure 14 Strategic Benchmarking: New Product Launches Was The Most Adopted Strategy
Figure 15 Ehr To Dominate The Clinical Software Market In The Forecast Period
Figure 16 Remote Patient Monitoring To Grow The Fastest In Non-Clinical Software Market(2014-2019)
Figure 17 Global Market, By Delivery Mode, 2014 Vs. 2019 
Figure 18 Global Market Size, By End User, 2014 Vs. 2019 
Figure 19 Emerging Markets As New Hot Spots
Figure 20 China Offers High Growth Potential For Most Product Categories
Figure 21 North American Long-Term Care Software Market Snapshot: Rising Aging Population To Drive Market Growth 
Figure 22 Germany—A Major Market For Long-Term Care Software
Figure 23 Asia-Pacific Long-Term Care Software Market Snapshot: China Is The Most Lucrative Market
Figure 24 Companies Adopted Product Innovation As A Key Growth Strategy
Figure 25 Battle For Market Share: New Product Launches Was The Key Strategy
Figure 26 Analysis Of Key Players In The Market
Figure 27 Allscripts Healthcare Solutions, Inc.: Company Snapshot
Figure 28 Cerner Corporation: Company Snapshot
Figure 29 Mckesson Corporation: Company Snapshot
Figure 30 Omnicare, Inc.: Company Snapshot
Figure 31 Omnicell, Inc.: Company Snapshot

The global long-term care software market, valued at $1,016.7 million in 2013, is expected to reach $2,074.0 million by 2019 at a CAGR of 12.7% during the forecast period of 2014 to 2019. This market is mainly driven by an increasing demand for long-term care software due to changing population demographics across the globe, rising scarcity of skilled nursing staff,  and increasing healthcare developments and government initiatives across the globe. However, the reluctance of traditional long-term care providers to implement software to manage their work and the high costs of software maintenance are factors that can hinder the growth of this market. Moreover, the low adoption of long-term care software in developing countries due to a lack of awareness poses a challenge for this market and hinders the acceptance of HCIT solutions.

The long-term care software market, by product, is segmented into clinical software and non-clinical software. The clinical software segment includes EMR/EHR, e-prescribing, electronic medication administration records, medication management, and clinical decision support systems. The non-clinical software segment includes real-time location systems, remote patient monitoring systems, remote training and supervision systems, payroll management, talent management software, and billing, invoicing and scheduling software. The market, by mode of delivery, includes on-premise, web-based and cloud-based software. The major end users of the long-term care software in this report are home health agencies, nursing homes and assisted living facilities, and hospices. The market is further divided into four major regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). These regions are further analyzed at the country-level. This report also discusses key market drivers, restraints, opportunities, challenges, and burning issues in the global long-term care software market and submarkets.

North America accounted for the largest share of the long-term care software market in 2013. The growing demand for integrated long-term care software for administrative and clinical purposes, rapidly increasing aging population, and a rising need to curtail growing healthcare costs are factors driving the market in North America. Initiatives by the European Commission to complement healthcare IT adoption are expected to increase the demand for long-term care software in this region. On the other hand, Asia-Pacific is expected to grow at the highest CAGR of 15.8%, which is attributable to the growth in aging population.

Prominent players in the market are Cerner Corporation (U.S.), Omnicare Inc. (U.S.), AOD Software (U.S.), Kronos (U.S.), PointClickCare (Canada), Omnicell, Inc. (U.S.),  McKesson Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), MatrixCare (U.S.), SigmaCare (U.S.), Optimus EMR (U.S.), and HealthMEDX LLC (U.S.).

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