Scope of the Study
Due to increasing technological advancements over the past couple of decades as well as changing lifestyles has led to increasing demand for innovative and improved patient care services. In addition to this, growing adoption of analytical tools as well as prescription processing has upsurge the demand for assisted living software. This software operates on real-time solutions to monitor and manage patient conditions. It also automates the healthcare services and centers with less need for human interventions which will further upsurge the demand for assisted living software.
The market study is being classified by Type (Cloud-based and On-premises), by Application (Appointment Scheduling, Resource Allocation and Documentation of Services) and major geographies with country level break-up. According to AMA, the Global Assisted Living Software market is expected to see growth rate of 9.12%
American Healthtech (United States), Yardi Systems Inc. (United States), RealPage (United States), PointClickCare Corp. (Canada), MatrixCare, Inc. (United States), AL Advantage, LLC. (United States), Assisted Living Services Inc. (United States), CareMerge LLC (United States), Carevium, Inc. (United States) and CareVoyant, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Dude Solutions Inc. (United States), ECP (United States), Eldermark (United States), iCare Management LLC (United States), Medtelligent (United States) and International Network Services Inc. (United States).
The Players having a strong hold in the market are American Healthtech, Yardi Systems, RealPage, PointClickCare, and MatrixCare. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Assisted Living Software market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Assisted Living Software market by Type, Application and Region.
On the basis of geography, the market of Assisted Living 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). North Amercia region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Platform, the sub-segment i.e. PC/Mac will boost the Assisted Living Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Upsurging Demand for Technologically Enhanced Quality Care
- Assisted Living Software offers Better Comfort, Security, and Satisfaction
- Adoption of Quickly Accessible Assisted Living Software
- Integration of Healthcare Software with Hospital ERP Systems
- Lack of Awareness about the Highly Automated Healthcare Services
- Growing Instances of Data Breaches in Healthcare Softwares might Stagnate the Demand
- Introduction to IoT Based Assisted Living Software across the Globe
- Continues Technological advancements as well as Growing Adoption from Developing Countries
Market Leaders and their expansionary development strategies
On October 9, 2018, a leading provider of electronic health records (EHR) for the post-acute and senior living markets, "American HealthTech (AHT)" and a market leader in securing healthcare communication, "QliqSOFT" have formed a strategic partnership that will allow caregivers to use integrated Qliq Secure Texting. This partnership ensures text communications are secure and HIPAA compliant, which will give caregivers peace of mind and efficiency with patient-centered communications.
Key Target AudienceAssisted Living Software Providers, Assisted Living Software Downstream Buyers, Healthcare Industry Associations, Government Agencies, Research and Development Institute, Financial Institutes, Venture Capitalists and Others
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