Canada Long-term Care Software Market Size & Outlook
Related Markets
Canada long-term care software market highlights
- The Canada long-term care software market generated a revenue of USD 233.7 million in 2023 and is expected to reach USD 427.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 9% 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 233.7 million |
| Market revenue in 2030 | USD 427.1 million |
| Growth rate | 9% (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, Canada accounted for 5.0% 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 North America, U.S. long-term care software market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 427.1 million by 2030.
Electronic health records (ehr) was the largest segment with a revenue share of 29.7% in 2023. Horizon Databook has segmented the Canada 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 long-term care software market is witnessing significant growth driven by the increasing demand for enhanced operational efficiency and patient care quality in LTC facilities. As Canada's geriatric population expands, there is a growing need for sophisticated software solutions that streamline administrative processes, improve care coordination, and support comprehensive patient management.
For instance, in June 2023, Diversified Health Technology (DHT) partnered with MatrixCare (ResMed Inc.) to integrate its AI-powered Hospice Dynamix predictive analytics platform with MatrixCare (ResMed Inc.)’s EHR system.
This integration will offer hospice organizations real-time insights into marketing, financial, and operational metrics, including Medicare revenue projections, compliance readiness, and referral source analysis.
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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 |
Canada Application - Long-term Care Software Market size, 2023 - 2030 (US$M)
Canada Long-Term Care Software Market Outlook Share, 2023 & 2030 (US$M)
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