20.10.2021 16:15

New Analysis from Global Industry Analysts Reveals Strong Growth for Long-term Care Software, with the Market to Reach $17.3 Billion Worldwide by 2026

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SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Long-term Care Software - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Long-term Care Software

FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 1363
Companies: 267 - Players covered include Allscripts Healthcare Solutions, Inc.; Cerner Corporation; HealthMEDX; Kronos, Inc.; MatrixCare; McKesson Corporation; Omnicare Inc.; Omnicell, Inc.; Optimus EMR, Inc.; PointClickCare Technologies Inc. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Nursing Homes, Home Health Agencies, Assisted Living Facilities); Product (EHR, eMAR, Payroll Management)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Long-term Care Software Market to Reach $17.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Long-term Care Software estimated at US$8.2 Billion in the year 2020, is projected to reach a revised size of US$17.3 Billion by 2026, growing at a CAGR of 13% over the analysis period. EHR, one of the segments analyzed in the report, is projected to record a 12.5% CAGR and reach US$11.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the eMAR segment is readjusted to a revised 14.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.8 Billion in 2021, While China is Forecast to Reach $3.1 Billion by 2026
The Long-term Care Software market in the U.S. is estimated at US$2.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2026 trailing a CAGR of 12.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.4% and 11.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR.

Payroll Management Segment to Reach US$6 Billion by the year 2026
In the global Payroll Management segment, USA, Canada, Japan, China and Europe will drive the 13.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.2 Billion in the year 2020 will reach a projected size of US$5.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.

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