Healthcare ERP Market

The report "Healthcare ERP Market by Function (Knowledge Managament Tools, Supply Chain & Logistics,Finance & Billing, Patient Relationship Management), Deployment (On - Premise, Cloud - Based), End User (Hospitals, Clinics, Nursing Homes) - Global Forecasts to 2030", is projected to reach USD 12.0 billion by 2030 from USD 6.9 billion in 2022, at a CAGR of 6.2% during the forecast period

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The growth of this market is driven by factors such growing healthcare expenditure, lack of hospital service management, shortage of healthcare workforce, growing awareness of advance solutions among the clinicians/physicians and rapidly growing patient population. However, limited research on the significance of ERP systems implementation in healthcare organizations, while possible dysfunctions and challenges during its installation and implementation, are expected to restrain the growth of this market to a certain extent in the coming years.

“Patient Relationship Management segment is expected to grow at the highest rate during the forecast period”

Based on Funtion, the Healthcare ERP market is segmented into Knowledge Managament Tools, Supply, Chain & Logistics, Finance & Billing, Inventory Management, Patient Relationship Management and Others. In 2021, Finance & Billing, Inventory Management, Patient Relationship Management and Others. In 2021, segment accounted segment accounted for the largest market share of the global Healthcare ERP market and Patient Relationship Management is expected to grow at the highest CAGR during the forecast period. The main function of the ERP system that drives the expansion of the patient relationship management segment is the improvement of marketing tools and creation of trust between doctors and patients.

“On Premise segment accounted for the largest share of the global Healthcare API market”

Based on deployment, the Healthcare ERP market is segmented into on premise and cloud based. The On Premise segment accounted for the largest share of the global market in 2021. This is mainly due to the healthcare sectors' growing use of on-premise deployment during the previous ten years.

“The Provider segment accounted for the largest share of the Healthcare API market in 2021”

On the basis of End User, the Healthcare ERP market is segmented into Hospital, Clinics, Nursing Homes, and others. The Hospital segment accounted for the largest share of the market in 2021. The growth of hospitals is anticipated to be fueled by increasing investments made by the public and private sectors in the use of digital and technologically advanced instruments and equipment.

“North America is expected to dominate the Healthcare API market in 2022”

North America accounted for the largest share of the global Healthcare ERP market in 2021 and also expected to grow at the highest CAGR during the forecast period. This is due to the North American healthcare industry's rising adoption of digital and automated technologies. Furthermore, in order to serve patients in North America with better and more individualised care, healthcare service providers are being forced to adopt ERP systems due to the increased usage of healthcare services as a result of rising disease prevalence and rising healthcare costs.

Prominent players in this market are Microsoft Corporation, Oracle Corporation, SAP SE, McKesson Corporation, Sage Group Plc, Infor, Inc., Odoo, QAD, Inc., Aptean, Epicor Software Corporation, SAGE, Group PLC, Workday Inc., IFS, Deskera, Accenture plc, Premier Inc., PricewaterhouseCoopers, Deloitte, Allscripts, Healthcare, LLC, Azalea Health, CentralBOS, LLC, CPSI, Elinext Group, Focus Softnet Pvt. Ltd., Medical Information Technology, Inc. Players adopted organic as well as inorganic growth strategies such as product upgrades, collaborations, agreements, partnerships, and acquisitions to increase their offerings, cater to the unmet needs of customers, increase their profitability, and expand their presence in the global market.

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