The increasing elderly population is significantly boosting demand for assisted living solutions, as more seniors require support with daily activities and healthcare needs. This demographic shift is prompting the development and adoption of specialized software designed to efficiently manage care, enhance resident well-being, and streamline facility operations. Assisted living facilities are leveraging technology to improve service delivery, ensure regulatory compliance, and optimize resource allocation. Hence, increasing elderly population boosts demand for assisted living solutions is expected to drive the market growth.
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Data Bridge Market Research analyzes that the North America Assisted Living Software Market is expected to reach a value of USD 33.55 billion by 2031 from USD 17.97 billion in 2023, growing at a CAGR of 8.3% during the forecast period of 2024 to 2031.
Key Findings of the Study
Integrating software with Existing EHR and Healthcare Systems
Integrating software with existing Electronic Health Records (EHR) and healthcare systems is crucial for modernizing health care facilities. This integration allows for seamless data exchange, improving the accuracy and accessibility of patient information. It enhances care coordination by providing caregivers with real-time access to medical histories, treatment plans, and medication records.
In today's market, Seamless integration of EHS software with existing EHR and healthcare systems significantly benefits the North America assisted living software market. It enhances operational efficiency by synchronizing safety protocols with health records, ensuring real-time updates and compliance. This leads to improved care quality and streamlined administrative processes, fostering growth in the market by enabling assisted living facilities to deliver safer, more coordinated care while minimizing administrative overhead.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Solution (Electronic Health Records, Billing, Invoicing and Scheduling Software, Clinical Decision Support Systems, Remote Patient Monitoring Systems, E-Prescribing, Real-Time Location Systems, and Others), Facility Type (Community-Based Residential Facility, Residential Care Apartment Complex, Adult Family Home, and Others), Platform (Mobile and PC/MAC), Deployment Type (Cloud-Based and On Premises), Application (Appointment Scheduling, Resource Allocation, and Documentation of Services)
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Countries Covered
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U.S., Canada, and Mexico
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Market Players Covered
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PointClickCare (Canada), MatrixCare (U.S.), ALAdvantage, LLC (U.S.), Senior Insight Inc. (U.S.), Eldermark (U.S.), Medtelligent, Inc. (U.S.), iCareManager, LLC (U.S.), Storii, Inc. (U.S.), CareVoyant Inc. (U.S.), BROOKDALE SENIOR LIVING INC. (U.S.), INTELLICHIEF (U.S.), AUGUST HEALTH (U.S.), ORACLE (U.S.), Smartlinx, LLC (U.S.), and ShiftCare (U.S.) among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and PESTLE analysis
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Segment Analysis
The North America assisted living software market is categorized into five notable segments based on solution, facility type, platform, deployment type, and application.
- On the basis of solution, the North America assisted living software market is segmented into electronic health records, billing, invoicing and scheduling software, clinical decision support systems, remote patient monitoring systems, e-prescribing, real-time location systems, and others
In 2024, electronic health records segment is expected to dominate the North America assisted living software market
In 2024, electronic health records segment is expected to dominate the market with a 27.30% market share due to the central hub for resident data, integrating clinical information, care coordination, and compliance, which are essential for managing resident health and regulatory requirements.
- On the basis of facility type, the North America assisted living software market is segmented into community-based residential facility, residential care apartment complex, adult family home, and others.
In 2024, the community-based residential facility segment is expected to dominate the North America assisted living software market
In 2024, the community-based residential facility segment is expected to dominate the market with a 56.73% market share due to catering to a broader range of residents with varying care needs, requiring more robust and integrated software solution.
- On the basis of platform, the North America assisted living software market is segmented into mobile and PC/MAC. In 2024, mobile segment is expected to dominate the market with a 58.47% market share
- On the basis of deployment type, the North America assisted living software market is segmented into cloud-based and on premises. In 2024, the cloud-based segment is expected to dominate the market with a 61.76% market share
- On the basis of application, the North America assisted living software market is segmented into appointment scheduling, resource allocation, and documentation of services. In 2024, appointment scheduling segment is expected to dominate the market with a 42.61% market share
Major Players
Data Bridge Market Research analyzes BROOKDALE SENIOR LIVINGS INC. (U.S.), ORACLE (U.S.), Smartlinks, LLC (U.S.), PointClickCare (Canada) and Matrixcare (U.S.) as the major players operating in the market.
Market Developments
- In January 2024, MatrixCare forged a strategic partnership with Tranzion, a subsidiary of NHC, to expand EHR services for senior living medical providers. The collaboration aimed to enhance electronic health record capabilities and improve care coordination. This partnership bolstered MatrixCare’s market presence and offered clients advanced, integrated solutions for senior care
- In February 2024, PointClickCare was rated the top long-term care software provider by KLAS Research for the fifth consecutive year. This recognition highlighted the company's commitment to delivering exceptional software solutions. The accolade enhanced PointClickCare's reputation, attracting new clients and strengthening existing partnerships
- In December 2021, SmartLinx Launches First-to-Market Staffing Marketplace to Address Workforce Shortage in Healthcare. The SmartLinx Staffing Marketplace is a first-to-market platform that connects staffing agencies with a healthcare organization's existing SmartLinx workforce management platform. This enables scheduling coordinators to fill shifts faster, include all direct care hours for PBJ from a single source, and eliminate the manual tracking of agency nurses for labor management and invoice reconciliation
- In July 2024, Oracle Helps HR Leaders Streamline Recruiting, Grow Talent Pools, and Enhance the Candidate Experience with New Talent Marketplace Partnerships. Oracle Recruiting helps organizations meet their talent and business needs by streamlining the hiring process, growing talent pools, and enhancing the candidate experience. With partner integrations in areas such as background checks, pre-hire assessments, and tax credit screenings, the new Direct Apply integrations further extend Oracle Recruiting’s partner ecosystem to more than 60 organizations across the globe. We look forward to continuing this expansion and working with more partners to deliver further value to our customers
- In July 2024, United Group has continued its commitment to ethical excellence and innovation by integrating advanced AI technologies into its operations. This strategic move automates repetitive tasks and enhances efficiency across various departments, from data entry to supply chain management. The implementation of AI not only streamlines processes but also empowers employees to focus on more creative and fulfilling tasks. This advancement aligns with the company's dedication to staying ahead in the industry and delivering superior services, including in the cold chain sector, where precise and efficient management of temperature-sensitive goods is crucial
Countries Analysis
Geographically, the countries covered in the North America assisted living software market report are U.S., Canada, and Mexico.
As per Data Bridge Market Research analysis:
U.S. is expected to dominate the market in North America assisted living software market
U.S. is expected to dominate the market due to its larger aging population, higher adoption of advanced healthcare technologies, and substantial investment in senior care facilities compared to Canada and Mexico.
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