Long Term Post-Acute Care Software Market Size

Long Term Post-Acute Care Software Market size is expected to reach USD 4 Billion by the end of 2036, growing at a CAGR of 20% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of long term post-acute care software was USD 1 Billion. The increasing prevalence of chronic disease across the world will exponentially help the market to grow in the expected CAGR. The study adds to the continuing deterioration in the SDGs' progress by providing up-to-date data on the pandemic's impact on world health. Globally, COVID-19 caused the loss of 336.8 million years of life in 2020–2021. This means that for every extra death, there is a loss of 22 years of life on average, brutally and abruptly ending millions of lives.

Another reason to propel the long term post-acute care software market by the end of 2036 is the increasing government healthcare policies globally. The report's findings unequivocally demonstrate that governments all around the world stepped up to meet the challenge in 2020, a year marked by the advent of COVID-19 and the related health and financial crises. Health spending rose to a record high of USD 9 trillion (about 11% of global GDP) due to sharp increases in government spending at all national income levels. An expanding number of nonstate and non-intergovernmental entities, such as powerful foundations, multinational corporations, multi-sectoral alliances, and civil society organizations, are now influencing global health policy. Spending on health care by the government has generally increased, offsetting decreases in personal savings. Crucially, the increase in public health spending was a component of a larger fiscal reaction to the pandemic.