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Pulished Date April, 2021
ID: 5554
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Asia Pacific Long-term Care Software Market Research Report – Segmented By Product, Mode Of Delivery, End User, & Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID019 Impact & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 5554
Pages: 145

APAC Long-term Care Software Market Size (2021 to 2026)

The Long-term Care Software Market Size in the Asia Pacific was valued at USD 0.33 billion in 2021 and is estimated to grow at a CAGR of 14.56% to reach USD 0.66 billion by 2026.

The rising burden of chronic diseases, and improving healthcare quality, the growing senior population safety and management are driving the long-term care software market in this region. The aging population is significantly growing in the APAC region. It is critical to have them monitor at-home care, nursing facilities, community centers, and assisted living facilities to control and monitor such a large proportion of the elderly population who are susceptible to any chronic condition, even if the disease has only occurred once. As a result, the need for software and technology to connect to these centers and patients becomes one of the key market drivers. Between 2017 to 2050, the aged population in the Asia Pacific is expected to expand from 12.7 percent to 21.3 percent, directly increasing the demand for nursing homes and assistance facilities, where long-term care of software facilities is vital for the efficient management of patient care. 

On the other hand, the healthcare reforms and government initiatives, the aging population, the rising burden of chronic diseases, a growing shortage of nurses and doctors, and an increasing need to cut healthcare costs are fuelling the long-term care software market growth in the APAC region. Moreover, a growing need to raise disease awareness, improve healthcare infrastructure, change demographic trends, and raise government funding is expected to drive the long-term care software market forward. 

Other factors projected to accelerate the market growth pace include demographic trends, a shortage of healthcare specialists, and various government schemes to minimize medical expenditures. Furthermore, rising acquisition levels and a wide range of software applications are expected to fuel market expansion. 

However, the high expenses connected with software are expected to slow down the market growth pace in this region to a small extent. In addition, the availability of adequate healthcare services is being hampered by a shortage of experienced staff and professionals. Furthermore, low software acquisition in underdeveloped nations and the reluctance of traditional long-term care providers to acquire software stifle industry growth during the forecast period.

The Long-term care software market in the Asia Pacific has been segmented and sub-segmented into the following categories.

By Product: 

  • Clinical Long Term Care Software
    • EMR/HER
    • e-Prescribing
    • Electronic Medication Administration Records
    • Clinical Decision Support Systems
  • Non-clinical Long Term Care Software
  • Payroll Management and Billing
    • Remote Patient Monitoring Systems
    • Real-Time Location Systems
    • Remote Training and Supervision Systems
    • Invoicing And Scheduling Software

By Mode of Delivery: 

  • Cloud Bases
  • Web-Based
  • On-Premises

By End-User: 

  • Home Healthcare
  • Nursing Care
  • Assisted Living Facilities

By Country: 

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

The Asia Pacific is the fastest growing area in the worldwide market. As a result of expanding economies and shifting population demographics. The long-term care software market in the Asia Pacific is anticipated to have the highest CAGR and fastest growth rate over the forecast period. The regional market growth is attributed to increased healthcare investments and funding, improving healthcare infrastructure, and favorable reimbursement policies.

However, the market is more likely to witness significant growth due to the rapid healthcare sector expansion and widespread acceptance of web-based and cloud-based long-term care software in emerging nations. The major growth contributors in the region are China, Japan, and India.

China dominated the Long-term software market and is anticipated to continue its growth throughout the forecast period. Factors such as increased medical tourism, healthcare infrastructure development, and technological advancements in the healthcare sector significantly contribute to the country's market growth.

During the forecast period, Japan is expected to have a significant growth rate in the long-term care software expenses, which are expected to accelerate the expansion of the market. Japan has witnessed technological advancements in the healthcare sector over the years. In addition, the growing geriatric population, expanding disposable income, and growing demands for lower healthcare pricing are expected to drive the Long-term care software market in Japan. Therefore, the market is projected to witness a promising share in the coming years.

On the other hand, the Indian Long-term care software market is anticipated to witness a promising share during the forecast period. Growing awareness of chronic diseases, improving healthcare infrastructure, and supportive government policies are expected to fuel the market growth.

KEY MARKET PLAYERS:

A few of the noteworthy companies operating in the Asia Pacific long-term care software market profiled in the report are AOD Software, Cerner Corporation, Allscripts Healthcare Solutions, Inc., McKesson Corporation, Omnicare, Inc., Omnicell, Inc., Kronos incorporated, HealthMEDX, PointClickCare, Matrix Care, Sigma Care, and Optimus EMR.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                   

               1.3 Base Currency, Base Year and Forecast Periods                           

               1.4 General Study Assumptions                  

2. Research Methodology                                          

               2.1 Introduction               

               2.2 Research Phases                      

                              2.2.1 Secondary Research            

                              2.2.2 Primary Research  

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation   

               2.3 Analysis Design                         

               2.4 Study Timeline                          

3. Overview                                     

               3.1 Executive Summary                 

               3.2 Key Inferences                          

               3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                        

               4.1 Market Drivers                         

               4.2 Market Restraints                    

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market                 

5. Market Segmentation                              

               5.1 Product                       

                              5.1.1 Introduction           

                              5.1.2 Clinical software   

                                             5.1.2.1 EMR/HER

                                             5.1.2.2 e-Prescribing

                                             5.1.2.3 Electronic medication administration records

                                             5.1.2.4 Clinical decision support systems

                              5.1.3 Non-clinical software          

                                             5.1.3.1 Payroll management and billing

                                             5.1.3.2 Remote patient monitoring systems

                                             5.1.3.3 Real-time location systems

                                             5.1.3.4 Remote training and supervision systems

                                             5.1.3.5 Invoicing and scheduling software

                              5.1.4  Y-o-Y Growth Analysis, By Product

                              5.1.5  Market Attractiveness Analysis, By Product               

                              5.1.6  Market Share Analysis, By Product

               5.2 Mode of delivery                     

                              5.2.1 Introduction           

                              5.2.2 Cloud-based           

                              5.2.3 Web-based             

                              5.2.4 On-premises           

                              5.2.5 Y-o-Y Growth Analysis, By Mode of delivery

                              5.2.6 Market Attractiveness Analysis, By Mode of delivery

                              5.2.7 Market Share Analysis, By Mode of delivery

               5.3 End-user                     

                              5.3.1 Introduction           

                              5.3.2 Home Healthcare  

                              5.3.3 Nursing care           

                              5.3.4 Assisted Living Facilities      

                              5.3.5 Y-o-Y Growth Analysis, By End-user

                              5.3.6 Market Attractiveness Analysis, By End-user

                              5.3.7 Market Share Analysis, By End-user

6. Geographical Analysis                              

               6.1 Introduction               

                              6.1.1 Regional Trends     

                              6.1.2 Impact Analysis      

                              6.1.3 Y-o-Y Growth Analysis         

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Product

                                             6.1.3.3 By Mode of delivery

                                             6.1.3.4 By End-user

                              6.1.4  Market Attractiveness Analysis       

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Product

                                             6.1.4.3 By Mode of delivery

                                             6.1.4.4 By End-user

                              6.1.5  Market Share Analysis        

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Product

                                             6.1.5.3 By Mode of delivery

                                             6.1.5.4 By End-user

               6.2 China                           

               6.3 India                            

               6.4 Japan                           

               6.5 South Korea               

               6.6 Australia                     

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis              

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services  

                              7.2.5 Competitive Rivalry within the Industry        

8. Market Leaders' Analysis                                        

               8.1 AOD Software                          

                              8.1.1 Overview  

                              8.1.2 Product Analysis    

                              8.1.3 Financial analysis   

                              8.1.4 Recent Developments         

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View           

               8.2 Cerner Corporation                 

               8.3 Allscripts Healthcare Solutions, Inc.,                 

               8.4 McKesson Corporation                          

               8.5 Omnicare, Inc.,                        

               8.6 Omnicell, Inc.,                          

               8.7 Kronos incorporated               

               8.8 HealthMEDX              

               8.9 PointClickCare                          

               8.10 Matrix Care                             

               8.11 Sigma Care                              

               8.12 Optimus EMR                         

9. Competitive Landscape                                          

               9.1 Market share analysis                            

               9.2 Merger and Acquisition Analysis                         

               9.3 Agreements, collaborations and Joint Ventures                           

               9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities                                           

Appendix                                          

               a) List of Tables                

               b) List of Figures              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms product type, Non-clinical Software, Mode Of Delivery along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia Pacific Long-term Care Software Market, By Product, From 2021 to 2026 (USD Billion)
  2. Asia Pacific Clinical Software Market, By Region, From 2021 to 2026 (USD Billion)
  3. Asia Pacific Non-clinical software Market, By Region, From 2021 to 2026 (USD Billion)
  4. Asia Pacific Long-term Care Software Market, By Mode of Delivery, From 2021 to 2026 (USD Billion)
  5. Asia Pacific Long-term Care Software Market Cloud-based Market, By Region, From 2021 to 2026 (USD Billion)
  6. Asia Pacific Long-term Care Software Market Web-based Market, By Region, From 2021 to 2026 (USD Billion)
  7. Asia Pacific Long-term Care Software Market On-premises Market, By Region, From 2021 to 2026 (USD Billion)
  8. Asia Pacific Long-term Care Software Market, By End User, From 2021 to 2026 (USD Billion)
  9. Asia Pacific Home Healthcare Market, By Region, From 2021 to 2026 (USD Billion)
  10. Asia Pacific Nursing care Market, By Region, From 2021 to 2026 (USD Billion)
  11. Asia Pacific Assisted Living Facilities Market, By Region, From 2021 to 2026 (USD Billion)
  12. Japan Long-term Care Software Market, By Product, From 2021 to 2026 (USD Billion)
  13. Japan Long-term Care Software Market, By Mode of Delivery, From 2021 to 2026 (USD Billion)
  14. Japan Long-term Care Software Market, By End User, From 2021 to 2026 (USD Billion)
  15. China Long-term Care Software Market, By Product, From 2021 to 2026 (USD Billion)
  16. China Long-term Care Software Market, By Mode of Delivery, From 2021 to 2026 (USD Billion)
  17. China Long-term Care Software Market, By End User, From 2021 to 2026 (USD Billion)
  18. India Long-term Care Software Market, By Product, From 2021 to 2026 (USD Billion)
  19. India Long-term Care Software Market, By Mode of Delivery, From 2021 to 2026 (USD Billion)
  20. India Long-term Care Software Market, By End User, From 2021 to 2026 (USD Billion)
  21. Australia Long-term Care Software Market, By Product, From 2021 to 2026 (USD Billion)
  22. Australia Long-term Care Software Market, By Mode of Delivery, From 2021 to 2026 (USD Billion)
  23. Australia Long-term Care Software Market, By End User, From 2021 to 2026 (USD Billion)
  24. South Korea Long-term Care Software Market, By Product, From 2021 to 2026 (USD Billion)
  25. South Korea Long-term Care Software Market, By Mode of Delivery, From 2021 to 2026 (USD Billion)
  26. South Korea Long-term Care Software Market, By End User, From 2021 to 2026 (USD Billion)

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