Long -term care software market: Improve patient results in a TCAC growth scenario from 11 to 13% by 2027

The global long-term care software market is expected to attend a 11-13% TCAC by 2027. The growing geriatric population, the unsubscribe in geriatric care staff, technological progress in portable devices and government initiatives in the region are some of the key factors stimulating market growth.

Long -term care software is used for the management and support of long -term health establishments such as nursing homes, assisted living establishments, hospices and independent living services such as home health services. Long -term care software includes clinical software (DME / DSE, electronic prescription, electronic medical administration files, clinical decision support systems) and non -clinical software [Real-time locating systems (RTLS), Billing, Invoicing, & Scheduling, Payroll Management, among others]

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The increase in aging population stimulates the demand for long -term care software solutions

The WHO estimates that in 2030, around 1/6 of people around the world will be over 60 years old. The trend should continue as developing countries are starting to see increased expectations of life. In many developed countries, populations already have populations of important elderly people, for example, 29% of the population in Japan exceeds 65 and similar trends are observed in several European countries. China witnesses a similar problem where, by 2050, around 40% of the population will be on retirement age, increasing its dependence by 37% in 2015 to 70% in 2050. The United Kingdom also experienced an increase in dependence of 1/10 dependent on productive individuals to the introduction of the social state to 1/3 at present. These population imbalances are critical engines for long -term care software, as lower proportions of the population take care of older patients.

Shortage of health personnel likely to stimulate market demand for long -term care software

A second critical engine for the adoption of long -term care software is the high level of unsubscribe observed in the health care sector. There is a current shortage of more than a million workers in the EU, this trend should continue. Similar health workers have been observed in the United States. A lack of health personnel reduces the time that patients can be seen. Long -term care software can reduce time to spend individuals by health professionals in several ways:

• Routine tasks automation: Long -term care software can automate routine tasks, such as drug management, planning and billing. This can release staff time and allow them to focus on greater value tasks, such as patient care
• Improved communication and collaboration: Electronic health files (DSE) allow several suppliers to access and update patients in real time, which reduces the need for manual data entry and improve the accuracy of information. Central storage of patient data derives the need for staff to physically collect and move files
• Activate distance care: Remote treatments (Télésanté or telemedicine) allows health professionals to provide care and monitor patients remotely. This is particularly useful in the fields where there are shortages of health professionals. These solutions reduce health care costs, eliminate obstacles to health care and often improve patient results. Examples of remote control solutions include:
• Remote monitoring tools: Portable devices and mobile applications collect data on patients such as glucose levels, information on pulses and oximetry and provide warnings for incidents such as patients’ falls
• Video medicine: The use of video evaluations releases professional health care time for low complexity or repetition problems in patients, which increases the effectiveness of staff
• Provide decision support: Long -term care software can provide decision -making tools that help health professionals make informed decisions about patient care. For example, clinical decision support systems can provide alerts and recommendations based on patient data, helping to improve the quality of care and reduce the risk of errors.

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Partnerships have become a common strategy to extend their customers and their capacity for software providers

Long -term care software companies are increasingly entering partnerships with other software companies with differentiated capacities to strengthen their foot on the long -term care software market.

For example,

• In October 2022, Painful (A leading pain assessment tool provider) signed by the Marketplace partnership agreement with point Click Care Inc, a primary healthcare management software system provider (long-term elderly care) in the United States and Canadian Markets. The integration of Painchek into the PointClickcare platform will provide a transparent transition from pain assessments in the resident information system of the nursing home for the American and Canadian markets. PointClickcare will promote Painchek’s integration capacity to its customers of nursing homes in the United States and Canada via its website, and face to face customers have regularly programmed.

North America should hold a larger share on the long -term care software market

The long-term care software market is growing in the United States. Baby-boomers (individuals born between 1946 and 1964) are a generation defined by a period of strong population growth now reaches an advanced age. According to estimates, in the United States by 2030, all baby boomers will be over 65 and represent 21% of the population. According to the US Census Bureau, by 2034, the number of adults over 65 will reach 77 million people while under 18 will have 76.5 million. This swelling number of elderly people should stimulate the demand for assisted life and home care and, in turn, the demand for long -term care software.

Esalysis of the competitive landscape: long -term care software market

Some of the main players operating on the global long -term care software market are Netsmart Technologies, Matrixcare, Cerne Corporation (acquired by Oracle), Wellsky and PointClickcare. These companies offer a wide range of software solutions, electronic health files (DSE) to financial management and analysis tools, to meet the various needs of long -term care establishments.

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