The latest report, Global Healthcare ERP Market by Absolute Markets Insights is analyzed and researched on the basis of the comprehensive analysis of the global market. The report focuses on key market-related aspects including market segmentation, geographic segmentation, dynamics, and other market growth factors. The report contains detailed analysis of the distinct industrial growth strategies, which helps to determine the dominant segments and to know about different factors. The scope of various segments and applications that could potentially affect the Healthcare ERP market in the future has been further analyzed in the report.
In terms of revenue, Global Healthcare ERP Market is expected to reach US$ +5192.09 million by 2030, growing at an estimated CAGR of +6.5% over the forecast period.
Key Players Influencing the Healthcare ERP Market: Allscripts Healthcare, LLC, Azalea Health, CentralBOS, LLC, CPSI, Deskera, Elinext Group, Focus Softnet Pvt Ltd, Infor, Infosys Limited, Medical Information Technology, Inc., Microsoft, Oracle, Premier, Rootstock Software, Sage Group plc, SAP, The HCI Group (Tech Mahindra Limited), Wipro Limited and Workday, Inc.
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The rising number of patients and healthcare treatments is creating demand for healthcare ERP systems for efficient planning and management of workflow. The growing adoption of sedentary lifestyle has increased the prevalence of illnesses amongst global populations. This growing sick populations has inflated the hospital or clinic visits and number of healthcare treatments performed. The recent outbreak of COVID-19 pandemic has further increased the number of patients who require medical treatments. Healthcare institutions are strained due to this high number of patients and face difficulties in managing and coordinating between different business operations. Healthcare ERP solutions and services enables healthcare providers to streamline crucial areas such as financials, supply chain, grants, payroll and human resources. Owing to these benefits many medical facilities are adopting these solutions. For instance, University Health System, a teaching hospital and network of outpatient healthcare centers, partnered with Premier Inc. in February 2019 to deploy ERP solution at its San Antonio, Texas premises for streamlining workflows and identifying opportunities for greater efficiencies. Thus, the need for organizing workflows of healthcare organizations across various departments is driving the growth of global healthcare ERP market.
The report covers key developments in the Healthcare ERP market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players are anticipated to lucrative growth opportunities in the future with the rising demand for Healthcare ERP market in the global market. The report also provides exhaustive PEST analysis for all regions considered in the Global Healthcare ERP Market Report. The study has classified the market into segments including product type, application & more. Every segment is evaluated based on share and growth rate. Besides, the analysts have studied the potential regions that may prove rewarding for the manufacturers in the coming years. The regional analysis includes reliable predictions on value and volume, thereby helping market players to gain deep insights into the overall industry. Besides segmental breakdown, the report is highly structured into a region-wise study. The researchers’ regional analysis highlights key regions and their dominating countries accounting for substantial revenue share in the Healthcare ERP market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR.
Key Findings of the Report:
Based on the offerings, solutions dominated global healthcare ERP market in 2019. The cloud based solutions are anticipated to witness high popularity in future years owing to their ease of deployment, scalability and affordability.
The core modules held significant share of global healthcare ERP market in 2019. ERP software for patient and care management application are witnessing high demand due to the need for making treatments and therapies more effective
North America held the highest market share in global healthcare ERP market in 2019 and is expected follow a similar trend over the forecast period. Asia Pacific is expected to register the highest compound annual growth rate over the period of next eight years. The growing number of medical institutions which create stringent competition in healthcare sector is pushing the demand for healthcare ERP systems to survive and thrive in the market.
Global Healthcare ERP Market:
Support and Maintenance Services
Patient and Care Management
Electronic Medical Record
Hospital ERP Support Modules
Diet and Kitchen
Back Office Modules
Store Inventory Management
Front Desk Management
Equipment Maintenance System
By End Users:
Long and Short Term Facilities
Rest of North America
Rest of Europe
Rest of Southeast Asia
Rest of Asia Pacific
Middle East and Africa
Rest of Middle East & Africa
Rest of Latin America
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