U.S. Long-term Care Software Market Size & Outlook
Related Markets
U.S. long-term care software market highlights
- The U.S. long-term care software market generated a revenue of USD 2,087.8 million in 2023 and is expected to reach USD 3,409.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.3% 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 2,087.8 million |
| Market revenue in 2030 | USD 3,409.4 million |
| Growth rate | 7.3% (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, U.S. accounted for 44.3% 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 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 29.57% in 2023. Horizon Databook has segmented the U.S. 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 increasing demand for medical services due to the growing elderly population suffering from longterm diseases is projected to be a significant factor driving the growth of the long-term care software market in the U.S.
The Alzheimer's Association 2023 report reveals that over 33% of people aged 85 and above, followed by around 13% of individuals aged 75 to 84, and over 5% of people aged between 65 and 74 in the U.S. have Alzheimer's dementia.
Moreover, between 2000 and 2019, the death rate due to Alzheimer's disease in this age group increased by a staggering 145%. This trend is anticipated to increase the demand for long-term care software to support efficient management & personalized care for Alzheimer's patients.
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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 |
US Application - Long-term Care Software Market size, 2023 - 2030 (US$M)
U.S. Long-Term Care Software Market Outlook Share, 2023 & 2030 (US$M)
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