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Healthcare ERP Market

Healthcare ERP Market Size, Share & Trends Analysis Report by Function (Inventory and Material Management, Supply Chain and Logistics, Patient Relationship Management, Finance and billing, and Others), By Deployment (On-Premises and Cloud), Region And Segment Forecasts, 2023-2031

Report ID : 1870 | Published : 2024-03-15 | Pages: 180 | Format: PDF/EXCEL

The Global Healthcare ERP Market Size is valued at 6.98 billion in 2022 and is predicted to reach 12.24 billion by the year 2031 at a 6.59% CAGR during the forecast period for 2023-2031.

Healthcare ERP, also known as Healthcare Enterprise Resource Planning, is a software system that operates and streamlines the operations and activities of healthcare organizations. ERP systems are widely utilized in various industries, including healthcare, to combine and automate multiple activities, increase efficiency, and improve data management.

Healthcare ERP Market

Healthcare ERP enables healthcare organizations to engage with patients successfully throughout their healthcare experience. This enhances patient satisfaction, communication, and the whole experience. Growing healthcare spending, poor hospital service management, a growing workforce scarcity, and a rapidly growing patient population at healthcare facilities are driving public and private partners to develop new forms of healthcare delivery. Clinicians are becoming more aware of the advantages of advanced technological solutions, such as providing high-quality patient care, lowering operational costs, and eliminating data silos in back-end operations, which is expected to grow demand for enterprise resource planning (ERP) solutions.

However, the COVID-19 epidemic put global healthcare systems to the test. The pandemic taxed the workforce, highlighted flaws in established systems, and shattered supply and demand cycles. Businesses are using cloud services to easily access data, optimize workflow, automate inventory and supply chain management operations, and improve the sector's financial and clinical outcomes as the industry shifts towards remote healthcare and remote working. 

Competitive Landscape:

Some of the Healthcare ERP Market Players are:

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

Market Segmentation:

The Healthcare ERP market is segmented on the basis of function and deployment. Function segment includes inventory & material management, supply chain & logistics, patient relationship management, finance & billing, and others. Deployment segment includes On-premises and cloud.

Based On Deployment, The On-Premises Segment Is Accounted As A Major Contributor In The Healthcare ERP Market

The on-premises category is expected to hold a major share of the global healthcare ERP market in 2022. This is attributed to less maintenance, low dependency on vendors, ease of access from remote places, minimized expenses, complete control over operations, security & privacy, and easy customization. On-premises software deployment is commonly referred to as "shrink-wrap" and covers the installation of systems and solutions on computers available within the firm.

Although these solutions are installed on-premises computers and servers, they can be accessed from anywhere, lowering implementation costs and power usage. However, the expansion of cloud computing and its increasing acceptance rates are likely to limit the growth of the on-premises segment. Furthermore, the physical area cost and maintenance cost of server rooms is projected to stifle the expansion of the on-premises category.

Finance & Billing Segment Witnessed Growth At A Rapid Rate

The finance & billing segment is projected to grow at a rapid rate in the global healthcare ERP market. Healthcare organizations are quickly using ERP systems in order to optimize operations and reduce barriers between front-end revenue cycle management activities and back-end activities such as claims management. These systems are being implemented by businesses to eliminate financial data silos, track profitability, manage ledgers, manage fixed assets, risk management, multi-currency management, reporting, and tax management. ERP solutions, which are predicted to boost the segment, enable comprehensive financial transparency, informed planning and budgeting, improved productivity, and real-time financial monitoring

In The Region, The North America Healthcare ERP Market Holds A Significant Revenue Share

The North America Healthcare ERP Market is expected to register the highest market share in terms of revenue shortly. This is due to the quickly evolving healthcare infrastructure, rising demand for innovative technological solutions, and the considerable presence of leading market participants. North American consumers are rapidly adopting ERP systems to improve productivity and cost savings through streamlining procedures.

Key North American players are developing and growing their product portfolios to serve small and medium-sized businesses. Due to rising healthcare costs and developing labor scarcity, Asia Pacific is expected to increase at the quickest rate during the projection period. Furthermore, poor health facility service management, an expanding patient community, the rising use of innovative technological solutions, and the introduction of start-ups are supporting the Asia Pacific market's growth.

Healthcare ERP Market Report Scope:

Report Attribute

Specifications

Market size value in 2022

USD 6.98 Bn

Revenue forecast in 2031

USD 12.24 Bn

Growth rate CAGR

CAGR of 6.59 % from 2023 to 2031

Quantitative units

Representation of revenue in US$ Billion, and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Function And Deployment

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

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

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Healthcare ERP Market Snapshot

Chapter 4. Global Healthcare ERP Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Function Type Estimates & Trend Analysis
5.1. by Function Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Function Type:

5.2.1. Inventory & Material Management
5.2.2. Supply Chain & Logistics
5.2.3. Patient Relationship Management
5.2.4. Finance & Billing
5.2.5. Others

Chapter 6. Market Segmentation 2: by Deployment Type Estimates & Trend Analysis
6.1. by Deployment Type & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Deployment Type:

6.2.1. On-Premises
6.2.2. Cloud

Chapter 7. Healthcare ERP Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Healthcare ERP Market Revenue (US$ Million) Estimates and Forecasts by Function Type, 2023-2031
7.1.2. North America Healthcare ERP Market Revenue (US$ Million) Estimates and Forecasts by Deployment Type, 2023-2031
7.1.3. North America Healthcare ERP Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

7.2. Europe

7.2.1. Europe Healthcare ERP Market Revenue (US$ Million) Estimates and Forecasts by Function Type, 2023-2031
7.2.2. Europe Healthcare ERP Market Revenue (US$ Million) Estimates and Forecasts by Deployment Type, 2023-2031
7.2.3. Europe Healthcare ERP Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

7.3. Asia Pacific

7.3.1. Asia Pacific Healthcare ERP Market Revenue (US$ Million) Estimates and Forecasts by Function Type, 2023-2031
7.3.2. Asia Pacific Healthcare ERP Market Revenue (US$ Million) Estimates and Forecasts by Deployment Type, 2023-2031
7.3.3. Asia Pacific Healthcare ERP Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

7.4. Latin America

7.4.1. Latin America Healthcare ERP Market Revenue (US$ Million) Estimates and Forecasts by Function Type, 2023-2031
7.4.2. Latin America Healthcare ERP Market Revenue (US$ Million) Estimates and Forecasts by Deployment Type, 2023-2031
7.4.3. Latin America Healthcare ERP Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

7.5. Middle East & Africa

7.5.1. Middle East & Africa Healthcare ERP Market Revenue (US$ Million) Estimates and Forecasts by Function Type, 2023-2031
7.5.2. Middle East & Africa Healthcare ERP Market Revenue (US$ Million) Estimates and Forecasts by Deployment Type, 2023-2031
7.5.3. Middle East & Africa Healthcare ERP Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles


8.2.1. SAP
8.2.2. Sage Group PLC
8.2.3. QAD, Inc.
8.2.4. Odoo
8.2.5. Infor
8.2.6. Aptean
8.2.7. Microsoft
8.2.8. Oracle Corporation
8.2.9. McKesson Corporation
8.2.10. Epicor Software Corporation
8.2.11. Other Prominent Players

Segmentation of Healthcare ERP Market-

Healthcare ERP Market By Function-

  • Inventory & Material Management
  • Supply Chain & Logistics
  • Patient Relationship Management
  • Finance & Billing
  • Others

Healthcare ERP Market

Healthcare ERP Market By Deployment -

  • On-Premises
  • Cloud

Healthcare ERP Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

 InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Healthcare ERP Market?

Healthcare ERP Market expected to grow at a 6.59% CAGR during the forecast period for 2023-2031

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

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