Long-Term Care Software Market to Surge Amid Aging Population

NEW YORK, NY — The long-term care software market is anticipated to grow at a compound annual growth rate (CAGR) of 11-13% by 2027. This surge is driven by the increasing elderly population, high staffing turnover in geriatric care, advancements in technology, and government initiatives.

Long-term care software supports healthcare facilities such as nursing homes and assisted living centers. It includes clinical products like electronic medical records (EMR/EHR) and non-clinical tools for billing and scheduling. As the World Health Organization projects that by 2030, one in six people worldwide will be over 60, the demand for these solutions is becoming critical.

Countries like Japan and several European nations already showcase significant elderly demographics, with Japan’s population seeing 29% over 65. Furthermore, China anticipates that by 2050, nearly 40% of its population will be past retirement age. The United Kingdom has experienced a similar demographic shift, highlighting the urgent need for long-term care support.

Staff shortages in the healthcare sector are exacerbating the situation. Currently, there is a deficit of over 1 million workers in the European Union, a trend mirrored in the United States. Long-term care software can mitigate this issue by optimizing healthcare professionals’ time. Tools like clinical decision support systems enable providers to make data-informed decisions, thereby improving care quality.

Companies in the long-term care software market, such as North America, are responding to these challenges through strategic partnerships aimed at expanding their customer base and capabilities. Baby boomers, now reaching advanced age, are expected to represent 21% of the U.S. population by 2030, further driving demand for these software solutions.

Key players in the long-term care software market include Netsmart Technologies, MatrixCare, Cerner Corporation, WellSky, and PointClickCare, which offer diverse solutions to meet the needs of evolving healthcare facilities.

Medi-Tech Insights, a healthcare-focused research firm, continues to analyze trends and provide insights to help stakeholders navigate this growing market.