Healthcare ERP Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Enterprise resource planning (ERP) systems are complete, integrated platforms, either on-premises or in the cloud, managing all aspects of a production-based or distribution business. Furthermore, ERP systems support all aspects of financial management, human resources, and supply chain management, among others. Additionally, the integration of the ERP systems with the healthcare systems provides transparency to the customer and patients about the processes. ERP knits the different segments of the healthcare facility together and presents them in one place, resulting in an improved pace of the treatment. Moreover, the rising utilization of the integrated systems among the different healthcare institutions is the driving factor for the market growth of the healthcare ERP industry. In addition, the increasing number of cases and the expenditure on healthcare facilities over the years raises the demand for a proper and transparent management system that contributes significantly to the growth of the healthcare ERP industry.

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According to ‘UnivDatos Market Insights (UMI)’ research report “Healthcare ERP Market Analysis, 2020”, the Healthcare ERP market is projected to grow at a CAGR of ~6% during 2021-27F. Enterprise resource planning (ERP) systems are complete, integrated platforms, either on-premises or in the cloud, managing all aspects of businesses. Furthermore, ERP systems support all aspects of financial management, human resources, and supply chain management, among others. The improving healthcare infrastructure and increasing the number of patients owing to the development of different software and databases. For instance, according to an ONC survey, about 95% of hospitals eligible for the Medicare and Medicaid Electronic health report (EHR) Incentive Program have achieved meaningful use of certified health IT.

Based on offerings, the market is bifurcated into solutions and services. The solution segment is expected to grow at a significant pace during the forecast period. The increasing demand for advanced software in the industry for efficient operations induces the demand for advanced solutions for the management of the hospitals such as patients’ medical history and finances.

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On the basis of application, the market is categorized into inventory & material management, supply chain & logistics management, patient relationship management, finance & billing, and others. In 2020, finance & billing category held a significant share in the market. This is mainly attributed to the rapid adoption of ERP systems by healthcare organizations to optimize processes such as front-end revenue cycle management, claims management, tracking profits, and tax management, among others. Financial ERP modules allow organizations to monitor financials and related tasks in real-time, which is further expected to support the category’s growth. 

Based on end-user, the healthcare ERP market is segmented into hospitals & clinics, ambulatory surgery centers (ASC), and others. Amongst them, the hospital & clinics is expected to retain its dominance during the forecast period. This can be attributed to the increasing investment by government and private hospitals in management software like ERP due to the rising need for transparency in the funds allocated, management of patient records, inventory of medical consumables and devices, cloud-based diagnostics reporting, and access. Furthermore, the increasing prevalence of chronic diseases and managing the patients act as the driver for the EPR software market.

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North America to witness Significant Growth

For a better understanding of the market adoption of the Healthcare ERP Industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), and Rest of World. During the forecast period, North America is expected to have a higher CAGR due to the rising prevalence of chronic diseases and the increasing geriatric population in the region, positively influencing the healthcare ERP industry landscape. Developed countries having better healthcare infrastructure such as U.S and Canada must deal with an increasing number of national as well as international patients undergoing various treatments and medical consultancy increases the need for software solutions for better management. Furthermore, in the attempt to make the healthcare system more efficient the need for an integrated system is rising which results in the development of the market of the healthcare ERP.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Healthcare ERP Market are Microsoft Corporation, Oracle Corporation, SAP SE, McKesson Corporation, Sage Group plc, Infor, Inc. ,Odoo, QAD, Inc., Aptean. , and Epicor Software Corporation.The players are focused on launching new solutions and services, partnerships, and collaborations with major companies expanding their geographical reach to get a competitive edge in the industry.

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 “Healthcare ERP Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Healthcare ERP providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

Market Segmentation:

1. By Offerings (Solutions and Services)
2. By Application (Inventory & Material Management, Supply Chain & Logistics Management, Patient Relationship Management, Finance & Billing, and Others)
3. By End User (Hospitals & Clinics, Ambulatory Surgery Centers (ASC), and Others)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (Microsoft Corporation, Oracle Corporation, SAP SE, McKesson Corporation, Sage Group plc, Infor Inc., Odoo, QAD, Inc., Aptean, and Epicor Software Corporation.)

Key questions answered in the study:

1. What are the current and future trends of the Healthcare ERP industry?
2. How the industry has been evolving in terms of offerings and industry areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Healthcare ERP industry?
5. What are the customer orientation, purchase behavior, and expectations from the Healthcare ERP firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 IMPACT OF COVID-19 ON THE HEALTHCARE ERP MARKET

6 HEALTHCARE ERP MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY OFFERINGS

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY END-USERS Food & Beverage

10 MARKET INSIGHTS BY REGION

11 HEALTHCARE ERP MARKET DYNAMICS

12 HEALTHCARE ERP MARKET OPPORTUNITIES

13 HEALTHCARE ERP MARKET TRENDS

14 POLICY AND REGULATORY LANDSCAPE

15 DEMAND AND SUPPLY-SIDE ANALYSIS

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

18 DISCLAIMER

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