Healthcare ERP Market Striking Opportunities, And Forecasts To 2028

Healthcare ERP Industry Overview

The global healthcare ERP market size was valued at USD 6.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2021 to 2028.

Growing healthcare expenditure, ineffective hospital service management, rising workforce shortage, and rapidly growing patient population at healthcare facilities are motivating public and private stakeholders to innovate new modes of delivering healthcare. Clinicians are growing aware of the benefits associated with these advanced technological solutions, such as delivering high-quality patient care, reducing operational costs, and eliminating data siloes in back-end operations, which is expected to contribute to the growing demand for enterprise resource planning (ERP) solutions.

Gather more insights about the market drivers, restrains and growth of the Global Healthcare ERP Market

U.S. healthcare ERP market size, by deployment, 2018 - 2028 (USD Billion)

The growing adoption rate of ERP systems amongst small and medium businesses is contributing to the rising demand for these systems to reduce operational costs and enhance functional outcomes. Centralized patient data allows seamless access from remote locations to improve patient acquisition and patient management techniques. These systems allow businesses to amalgamate data generated from human resources, manufacturing and inventories, supply chain cycles, and finances & accounting, and optimize back-end processes such as payroll management, account management, and inventory management. Pharmacies and laboratories have begun adopting ERP systems for inventory management, point-of-sale profile, accounts, purchase, and selling.

Institutes and facilities are rapidly adopting cloud-deployed ERP systems due to multiple benefits associated with them, such as minimum ownership cost, agile and flexible infrastructure capacity, limited in-house technical expertise, low capital requirement, and consistent upgrades. Since on-premises systems require high capital expenditure and cost approximately between USD 50 million and USD 150 million, small and medium businesses are rapidly adopting cloud-deployed ERP systems. Cloud-based systems do not require upfront investment and are based on recurring fees.

Browse through Grand View Research's Healthcare IT Industry Research Reports.

  • ERP Software Market - The global ERP software market size was valued at USD 50.57 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.7% from 2022 to 2030.
  • Remote Healthcare Market - The global remote healthcare market size was valued at USD 6.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 17.0% from 2021 to 2028.

Market Share Insights

  • January 2020: Infor acquired Intelligent InSites, Inc., a leading provider of healthcare software and services based in North Dakota.
  • March 2018: As per an article published by Xtelligent Healthcare Media, LLC, the integration of analytics and automation with inventory management has resulted in an efficient order of supplies and management of the organization.

Key Companies profiled:

Some prominent players in the global healthcare ERP market include

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

Order a free sample PDF of the Healthcare ERP Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

India Electric Vehicle Market Competitive Landscape Report to 2028

Image
India Electric Vehicle Industry Overview The India electric vehicle market size was valued at USD 220.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 94.4% from 2021 to 2030. The attractive incentives being offered by the Indian government on the production and purchase of electric vehicles to encourage the adoption of electric vehicles are anticipated to drive the growth of the market over the forecast period. The outbreak of the COVID-19 pandemic triggered a significant decline in the overall sales of passenger and commercial vehicles in 2020. However, the sales of electric vehicles in India remained unaffected. The post-lockdown sale of pure and hybrid electric vehicles is a prominent driving factor for the electric vehicle market in India. The stringent GreenHouse gas (GHG) emission norms drafted by the government, such as the Bharat Stage (BS) VI emission standards introduced by India’s Ministry of Road Transport and Highways (MoRTH), are a
Read more

Cyber Security Market 2030 - Advanced Solutions for Modern Businesses

Image
Data breaches, malware, and hacking attempts are all too common, forcing businesses and individuals to prioritize cybersecurity market  trends. The internet has become an essential part of our lives, and with it comes the ever-present threat of cyberattacks. Within the struggles of integrity, privacy, and trust, the domain of cybersecurity thrives with firewalls, encryption keys, and neural networks that safeguard our interconnected existence. The Market Landscape This blog explains the core of the cybersecurity market, examining its growth, challenges, and the valiant defenders who shield the virtual world. Numbers Beyond 0 & 1: The global cyber security market is no mere niche; it’s a thriving ecosystem fueled by relentless innovation and escalating threats. According to recent reports, here are the key figures: In 2023, the market was estimated at a staggering  USD 222.66 billion , growing at a projected compound annual growth rate of 12.3% from 2024 to 2030. By 2030, th
Read more

LiDAR Market Historical Data & Forecasts 2030

Image
LiDAR Industry Overview The global LiDAR market size was valued at USD 1.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The technological advancements in spatial resolution of LiDAR-based digital terrain models are providing better accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways. The growth of the market is attributed to the rising automation in LiDAR to reduce human efforts and increase efficiency. Gather more insights about the market drivers, restrains and growth of the Global LiDAR Market   The rising demand for 3D imagery in application areas such as military & defense, topographical surveys, civil engineering, and corridor mapping is expected to drive the market growth over the forecast period. Textured 3D imagery is applied in applications such as 3D mapping, city planning, and corridor mapping. The installation of advanced
Read more