Discover a detailed exploration of the Nursing Homes and Long-Term Care Facilities Market by Data Bridge Market Research, thoughtfully presented with visual finesse to ensure seamless data absorption. Crucial insights are illuminated through vivid graphs, charts, and figures, empowering astute decision-making.

The insights, statistics, and data within this Nursing Homes and Long-Term Care Facilities market report serve as a compass for companies, guiding their production decisions based on demand conditions, maximizing efficiencies, and optimizing each stage in the industrial lifecycle—from engagement and acquisition to retention and monetization. Embedded within this report is an in-depth investment analysis that foresees forthcoming opportunities for market players within this industry. Offering a comprehensive overview, this report spans market analysis, product definitions, segmentation, key developments, and the prevailing vendor landscape.

This Nursing Homes and Long-Term Care Facilities market research report stands as a meticulous analysis of the current market scenario, encapsulating a multitude of market dynamics. Categorizing information by companies, regions, types, and end-use industries, it furnishes a detailed market landscape. The competitive analysis sheds light on strategies employed by major market players, spanning from new product launches to expansions, agreements, joint ventures, partnerships, and acquisitions, all contributing to their market footprint. Each parameter undergoes thorough research to yield enhanced and actionable market insights. With unwavering dedication, this superior, transparent, and all-encompassing Nursing Homes and Long-Term Care Facilities market report is offered to clients, extending their reach toward the pathway of success.

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 healthcare facilities, thereby reducing healthcare costs and achieving efficiency.

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Market Growth Drivers:

Increasing Elderly Population

According to World Population Prospects 2020, the world population over the age of 65 was 703 million in 2020. The number of older people is expected to double by 2050 to reach 1.5 billion. The global proportion of the elderly population is projected to increase from 6% in 1990 to 9% in 2020 and further to 16% by 2050, with one in six people worldwide 65 years old. There was also a shift from hospitals to home care.

Increasing Incidence of Dementia

The hospice services segment is expected to experience the fastest growth during the forecast period due to the increased incidence of Alzheimer's disease and dementia and increased post-hospital care. In addition, compensation provided by both Medicaid and private insurance companies freed residents from the out-of-pocket costs they had to pay.

Notably, the report emphasizes the engagement of essential entities, including:

• 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)

Key highlights of the report:

1. Comprehensive analysis of the global Nursing Homes and Long-Term Care Facilities market, detailing present and future trends to identify promising investment opportunities.
2. Exploration of evolving market dynamics within the industry.
3. Examination of strategies adopted by major players and their product portfolios.
4. Detailed breakdown of market segments for a profound understanding.
5. Review of the latest industry trends and advancements.
6. Forecasting the trajectory of the Nursing Homes and Long-Term Care Facilities market through detailed segmentation analysis

Key Market Segmentation:

Product (EHR, eMAR, Payroll Management), Mode of Delivery (Web-Based, On-Premises, Cloud-Based)

Asia-Pacific dominates the global nursing homes and long-term care facilities market due to increasing awareness, rapidly improving healthcare infrastructure, and massive investments being made by some major players in countries such as India and China in this region.

Intended Audience:

• Companies within the Nursing Homes and Long-Term Care Facilities industry

• Investors and analysts keen on the Nursing Homes and Long-Term Care Facilities market

• Individuals seeking insights into the dynamics of the Nursing Homes and Long-Term Care Facilities market

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