Long-term Care Software Market Worth $7,561.9 Million by 2019 - New Report by MarketsandMarkets

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The long-term care software market, by product, is segmented into clinical solutions and non-clinical solutions. http://www.marketsandmarkets.com/Market-Reports/long-term-care-software-market-2959239.html

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Major Players are Cerner Corporation (U.S.), Omnicare Inc. (U.S.), AOD Software (U.S.), Kronos (U.S.), PointClickCare (Canada), Omnicell

The report will encourage both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help firms to garner greater market shares. Firms purchasing this report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for reaping a greater market share.

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The global long-term care software market is expected to grow at a CAGR of 13.7% during the forecast period of 2014 to 2019 and is estimated to be worth $7,561.9 million by 2019.

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The long-term care software market by product is comprised of clinical solutions and non-clinical solutions. The clinical solutions segment includes EMR/EHR, e-prescribing, electronic medication administration records, and clinical decision support systems. The non-clinical solutions 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 covers three modes of software delivery such as on-premises, web based, and cloud based software. Home health agencies, nursing homes and assisted living facilities, and hospice facilities are the major end-users covered in this report. The report analyses major regions namely, North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.

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The North American region will continue to dominate the long-term care software market by 2019. This market will be primarily driven by increasing demand for long term care software with the changing population demographics. On the other hand, Asia-Pacific region is anticipated to witness significant growth from 2014 to 2019 with majority of the growth primarily driven by rising proportion of ageing population in the countries such as China and India and economic growth of this region.

The prominent players in the global LTC software 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.), Optimus EMR (U.S.), and HealthMEDX, LLC (U.S.).

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