Data Bridge Market Research analyses a growth rate in the Nursing Homes and Long-Term Care Facilities Market in the forecast period 2022-2029. The expected CAGR of global nursing homes and long-term care facilities market is tend to be around 9.0% in the mentioned forecast period. The market was valued at USD 1.0 billion in 2021, and it would grow up to USD 1.99 billion by 2029.
Industry Analysis
The market of nursing homes and long-term care facilities is expected to witness significant growth during the forecast period. People aged 65 are expected to be more likely to use certain long-term care services in the future. There was also a shift from hospitals to home care. Long-term care is the support of the elderly who are unable to care for themselves due to physical or mental illness such as chronic or multiple illnesses. Many factors and aspects influence demand in nursing homes and long-term care market. Individual health and functioning have had a major impact on determining the options they deem valuable.
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Long-term care software is the type of technological service/solution that is used for meeting the non-clinical and clinical needs of patients and healthcare providers in home care, hospitals, nursing facilities and several other healthcare-providing areas. These services provide better effectiveness and ease of operations in providing the healthcare facilities, thereby reducing healthcare costs and achieving efficiency.
Global Nursing Homes and Long-Term Care Facilities Market Scope
The nursing homes and long-term care facilities market is segmented on the basis of product and mode of delivery. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- EHR
- eMAR
- Payroll Management
Mode of Delivery
- Web-Based
- On-Premises
- Cloud-Based
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Nursing Homes and Long-Term Care Facilities Market Regional Analysis/Insights
The nursing homes and long-term care facilities market is analysed and market size insights and trends are provided by product and mode of delivery as referenced above.
The major countries covered in the nursing homes and long-term care facilities market are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the nursing homes long-term care facilities market due to increasing awareness, rapidly improving healthcare infrastructure and massive investments being done by some major players in countries such as India and China in this region.
North America and Europe are the expected regions in terms of growth in nursing homes long-term care facilities.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Nursing Homes and Long-Term Care Facilities Market Share Analysis
The nursing homes and long-term care facilities market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nursing homes and long-term care facilities market.
Key players operating in the nursing homes and long-term care facilities market include:
- Allscripts Healthcare LLC (U.S.)
- Atria Senior Living, Inc.,LLC (U.S.)
- ADL Data Systems, Inc. (U.S.)
- Omnicell, Inc. (U.S.)
- Netsmart Technologies, Inc. (U.S.)
- ResMed (U.S.)
- McKesson Corporation (U.S.)
- PointClickCare (Canada)
- MatrixCare (U.S.)
- Extendicare (Canada)
- Genesis Healthcare (U.S.)
- Home Instead, Inc (U.S.)
- Knight Health Holdings, LLC (U.S.)
- Trinity Health (U.S.)
- Columbia Asia (Malaysia)
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Nursing Homes and Long-Term Care Facilities Market by Product Procedure type
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