Rising government initiatives and healthcare IT investments to develop and deploy IT systems in the healthcare industry are among the key factors increasing the adoption of healthcare information systems. Region-specific funding initiatives being undertaken are promoting the usage of digital health platforms for information management, clinical decision support, and improving the overall healthcare outcomes. In January 2020, a California-based company DrChrono received USD 20 million from Orix Growth Capital for developing the company’s mobile, EHR, and medical billing services to expand its sales, support, and engineering teams.
The global healthcare information system market size was valued at USD 258.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 9.9% from 2021 to 2028.
Increasing penetration of technologically advanced healthcare services is further aiding the market growth. Recently, various IT companies and healthcare institutes are collaborating at a greater level to focus on developing high-utility services and solutions to improve the delivery of personalized care, streamlining data storage, and making effective use of data analytics. Moreover, the growing adoption of EHR systems is expected to significantly boost the market growth over the next few years. In January 2020, NXGN Management, LLC announced the signing of an exclusive partnership with Doctible. This partnership would allow Doctible to integrate its service with the NextGen Office cloud-based EHR (Electronic Health Record) and PM (Practice Management) systems to aid small businesses in sustaining loyalty, supporting growth, and providing improved patient care.
The Report Lists the Key Companies in the Long Term Care Insurance Market:
New York Life, Pacific Life, Lincoln Financial Group, Mutual of Omaha, Brighthouse Financial, OneAmerica Hybrid, GoldenCare, National Guardian Life, LTC Consumer, Minnesota Life, Transamerica, Nationwide, Thrivent, Bankers Life and Casualty, Prudential, UNUM, John Hancock, CNA, Genworth, AXA, State Life, and MassMutual.
The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other Long Term Care Insurance market trends. The report is available for sale on the company website.
Further, the report acknowledges that in these growing and promptly enhancing market circumstances, the most recent advertising and marketing details are very important to determine the performance in the forecast period and make essential choices for profitability and growth of the Long Term Care Insurance. In addition, the report encompasses an array of factors that impact the growth of the Long Term Care Insurance in the forecast period. Further, this specific analysis also determines the impact on the individual segments of the market.
Product Types: Between 18 and 64 ,Over 65 Years Old
On the Basis of Application: Traditional Long Term Care Insurance, Hybrid Long Term Care Insurance
Regional Analysis for Long Term Care Insurance Market :
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Long Term Care Insurance Market :
4.Key Long Term Care Insurance Market Insights
5.Global Market Analysis, Insights and Forecast, 2015-2027
6.North America Market Analysis, Insights and Forecast, 2015-2027
7.Europe Market Analysis, Insights and Forecast, 2015-2027
8.Asia Pacific Market Analysis, Insights and Forecast, 2015-2027
9.The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2027
10.Latin America Market Analysis, Insights and Forecast, 2015-2027
12.Global Long Term Care Insurance Market Revenue Share Analysis, By Key Players, 2021
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