Scope of the Study
The nursing Home software is mainly used by the long term care and the assisted living facilities for the purpose of rearranging their scheduling, recordkeeping, and some other administrative processes. The nursing home software is a completely integrated billing, electronic health record, and business intelligence solution which hereby enables the end-users to develop resident care, manage multiple levels, and maintain compliance with just one software solution. This market is mostly driven by increasing demand for the software due to the changing population demographics all across the globe, the rising shortage of skilled nursing staff, and also the increasing healthcare developments and government initiatives all around the globe. However, the unwillingness of the traditional long-term care providers to implement the software for managing their work and also the high costs of software maintenance are some of the factors which could hinder the growth of the market. Moreover, the low adoption of software in developing countries owing to a lack of awareness also poses a major challenge for the market. However, the rising demand for a one-stop solution software in the healthcare industry and the flexibility and interoperability of the software is also expected to boost the market during the forecasted period.
The market study is being classified by Type (On-Premise and Cloud-based), by Application (Nursing, Hospice Care and Others) and major geographies with country level break-up.
PointClickCare Corp. (Canada), MatrixCare Inc. (United States), Netsmart Technologies (United States), American Health Tech (United States), OnShift (United States), Cantata Health (United States), Promantra Inc. (United States), Cliniconex (Canada), Lintech Software (United States) and Enquire Solutions (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Nursing Home Software market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Nursing Home Software market by Type, Application and Region.
On the basis of geography, the market of Nursing Home Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Demand Due to the Ability to Provide High Quality, Rapid, Accurate, Real-time Data
- Increasing Acceptance of Health Information Exchanges (HIE’s) and EHR Systems
- Quality Healthcare Services & Solutions Along with Patient Safety & Care
- Growing Adoption of Smart Phones and Connected Devices
- Specific Data Processing for Specific Software
- Growth in the Use of Cloud-Based Platforms
- Government Initiatives and Increasing Adoption of mhealth & telehealth Practices
- Availability of New Advanced Technologies
- Demand for High-End Processors
Key Target AudienceService Providers of Nursing Home Software, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
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