Increasing adoption of cloud-based solutions to spread healthcare ERP market

NOIDA, India, September 22, 2022 /PRNewswire/ — According to a new report by UnivDatos Markets Insights, the The Healthcare ERP market has been valued around $6.5 billion in 2020 and is expected to grow at a CAGR of over 6% between 2021 and 2027. The analysis was divided into offerings (solutions {cloud-based and on-premises} and services); Application (inventory and material management, supply chain and logistics management, patient relationship management, finance and billing, and others); End Users (Hospitals and Clinics, Ambulatory Surgery Centers (ASC) and others); Area.

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The Healthcare ERP market report is compiled by collecting informative data about various dynamics such as market drivers, restraints, and opportunities. This innovative report uses multiple analyzes to provide a more in-depth outlook on the Healthcare ERP market. The Healthcare ERP Market report provides a detailed analysis of the latest industry developments and trending factors in the market affecting market growth. Additionally, this statistical research repository studies and estimates the Healthcare ERP Market on a global and regional level.

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Market Overview

Enterprise Resource Planning (ERP) systems are complete, integrated platforms, either on-premises or in the cloud, that manage all aspects of a manufacturing-based or distribution business. In addition, ERP systems support all aspects of financial management, human resources, supply chain management, among others. In addition, the integration of the ERP systems with the healthcare systems creates transparency about the processes for customers and patients. ERP connects the different segments of the healthcare facility together and presents them in one place, resulting in a faster pace of treatment. Moreover, the increasing usage of the integrated systems in the various healthcare facilities is the driving factor behind the market growth of Healthcare ERP industry. Furthermore, increasing case numbers and healthcare facility spending over the years increases the demand for proper and transparent management system which contributes greatly to the growth of healthcare ERP industry.

Click here for the report description and table of contents

https://univdatos.com/report/healthcare-erp-market/

The global Healthcare ERP market report is thoroughly studied with several aspects that would help the stakeholders to make their decisions in a more curated way.

  • Based on the offers, the market is divided into solutions and services. The solution segment is anticipated to rise at a considerable rate during the forecast period. The increasing demand for advanced software in the industry for efficient operations leads to a demand for advanced hospital management solutions such as: B. Medical history and finances of patients.
  • On the basis of application, the market is segmented into Inventory & Materials Management, Supply Chain & Logistics Management, Patient Relationship Management, Finance & Billing, and Others. In 2020, the finance and billing category had a significant market share. This is largely due to the rapid adoption of ERP systems by healthcare organizations to streamline processes such as front-end revenue cycle management, claims management, profit tracking, and tax management, among others. Financial ERP modules allow companies to monitor financial data and related tasks in real-time, which should further support the growth of the category.
  • Based on end-users, the Healthcare ERP market is segmented into Hospitals & Clinics, Ambulatory Operation Centers (ASC), and Others. Among them, the hospital and clinics are expected to retain its dominance over the forecast period. This is due to increasing investments by government and private hospitals in management software such as ERP driven by the increasing need for transparency in allocated funds, management of patient records, inventory of medical supplies and equipment, cloud-based diagnostic reporting and access. In addition, the increasing prevalence of chronic diseases and patient management are acting as drivers for the EPR software market.

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The Healthcare ERP market is segmented as follows:

  • North America (United States, Canadaand rest of North America)
  • Europe (Germany, United Kingdom, Spain, Italy, Franceand the rest of Europe)
  • Asia Pacific (China, Japan, India, South Koreaand the rest of Asia Pacific)
  • rest of the world

For better understanding the market acceptance of the Healthcare ERP industry, the market is analyzed based on its worldwide presence in countries like North America (United States, Canadaand the rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and rest Europe), Asia Pacific (China, Japan, India, South Korea, and rest of APAC) and rest of the world. During the forecast period North America A higher CAGR is expected due to the increasing prevalence of chronic diseases and growing geriatric population in the region, positively impacting the landscape of the healthcare ERP industry. Developed countries with better health infrastructure like the USA and Canada have to deal with an increasing number of national and international patients undergoing various treatments and medical consultation increases the need for software solutions for better management. In addition, in an attempt to make the healthcare system more efficient, the need for an integrated system is increasing, which leads to the development of the healthcare ERP market.

Major players targeting the market include

  • Microsoft Corporation
  • Oracle Corporation
  • SAPSE
  • McKesson Corporation
  • Sage Group plc
  • info inc
  • Odoo
  • QAD Inc.
  • aptish.
  • Epicor Software Corporation.

competitive landscape

The level of competition among prominent global companies has been elaborated through the analysis of several leading key players operating worldwide. The specialist team of research analysts sheds light on various characteristics such as global market competition, market share, latest industry advances, innovative product launches, partnerships, mergers or acquisitions by leading companies in the Healthcare ERP Market. Key players have been analyzed using research methodologies to provide insights into global competition.

Key Questions Answered by This Analytical Market Research Report Include:

  • What are the latest trends, new patterns, and technological advancements in the Healthcare ERP market?
  • What factors are affecting the Healthcare ERP market during the forecast period?
  • What are the global challenges, threats, and risks in Healthcare ERP market?
  • What factors are driving and restraining the Healthcare ERP market?
  • What are the challenging global regions of the Healthcare ERP market?
  • How big will the global market be in the coming years?
  • What are the crucial market acquisition strategies and policies employed by global companies?

We understand the needs of different companies, regions and countries and offer customized reports according to your business and geographic needs. Please let us know if you have custom requirements.

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Healthcare ERP Market report coverage

report attributee

details

base year

2020

forecast period

2021-2027

growth dynamics

Accelerate at a CAGR greater than 6%

market size 2020

$6.5 billion

Regional Analysis

North America, Europe, APAC, Rest of World

Main Contributing Region

North America dominates Healthcare ERP Market

Key countries covered

United States, Canada, Germany, United Kingdom, Spain, Italy, France, China, Japan, India and South Korea

company profiled

Microsoft Corporation, Oracle Corporation, SAP SE, McKesson Corporation, Sage Group plc, Infor, Inc., Odoo, QAD, Inc., Aptean, Epicor Software Corporation

report scope

Market Trends, Drivers and Constraints; sales estimation and forecasting; segmentation analysis; impact of COVID-19; demand and supply analysis; Ccompetitive landscape; company profiling

Covered Segments

Through offers; By application; By end users; By region/country

About UnivDatos Market Insights (UMI)

UnivDatos Market Insights (UMI) is a passionate market research company and a subsidiary of Universal Data Solutions. We believe in providing insights through market research reports, custom business research and primary research. Our research studies are spread over subjects all over the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We provide in-depth studies, in-depth analysis, and customized reports that help create successful business strategies for our clients.

Contact

UnivDato’s Market Insights
Ankita Gupta
Operations Director
Telephone: +91-7838604911
Email: Ankita.gupta@univdatos.com
Website: https://univdatos.com/

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SOURCE UnivDatos Market Insights Pvt. GmbH.

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