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Healthcare ERP Market Size, Share & Growth | Forecast [2031]
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Healthcare ERP Market Size, Share & Growth | Forecast [2031]

Segments - U.S Healthcare ERP Market by Functions (Supply Chain and Logistics Management, Finance and Billing, Inventory and Material Management, Patient Relationship Management, and Others), Deployments (On-premise and Cloud), and Country (United States) - Industry Analysis, Growth, Share, Size, Trends, Forecasts, 2023 – 2031

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Author : Raksha Sharma
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Editor : Vishal Golekar

Upcoming | Report ID :HC-3683 | 4.2 Rating | 60 Reviews | 210 Pages | Format : PDF Excel PPT

Report Description


The U.S. healthcare erp market size was USD 1.89 Billion in 2022 and is likely to reach USD 3.25 Billion by 2031, expanding at a CAGR of 6.2% during 2023–2031. The growth of the market is attributed to growing need for fast and reliable healthcare system.

Healthcare firms, like any other company, must manage their financial processes. An ERP system unifies numerous functions, including as accounting and finance, as well as human resources, into a single database. This aids in the optimization of a variety of backend financial activities, such as payroll and inventory management.

U.S Healthcare ERP Market Outlook

The pandemic have forced the governments around the world to impose lockdown and close down offices, schools, and colleges. This has resulted, in companies implementing work from home (WFH) policy. Also schools and colleges have been forced to continue education and regular classes by using online platforms.

The global online retail market has therefore seen a boom due to the pandemic, not only because of WFH policies which are adopted by companies, but also increasing use of internet and mobile telecommunication platforms for daily business operations and many more stay-at-home activities.

This has ultimately led to increased online transactions, and people are preferring it more because of safety reasons. Most of the online e-commerce websites and healthcare systems have also seen a huge growth during this pandemic. This has led a growing need for data driven healthcare system.

Market Drivers, Restraints and Opportunities

  • Cost-effectiveness of erp analytics and its major key benefits of the hospitals around the world, is a major driving factor for market growth.

  • Increasing efficiency of IOT and related technologies is another factor driving the market during the forecast period.

  • Inaccuracy of predicting software act as a major restraint for market growth.

  • Rising threat of cyber-attacks because of increased data manipulations and huge datasets, is anticipated to hamper the market growth.

  • Increasing demand for fast, and efficient off-field and on-field decision making services is expected to create lucrative opportunities for the market players.

Scope of Healthcare ERP Market Report

The report on the U.S healthcare erp market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Healthcare ERP Market – U.S. Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Functions (Supply Chain and Logistics Management, Finance and Billing, Inventory and Material Management, Patient Relationship Management, and Others), Deployments (On-premise, and Cloud)

Country Scope

United States

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Infor; Oracle Corporation; Epicore Software Corporation; Sage Software Solution Pvt. Ltd.; Microsoft Corporation; and QAD Inc.

 

Healthcare ERP Market Segment Insights

The services segment to hold major market share

Based on functions, the U.S. healthcare ERP market is segregated into supply chain & logistics management, finance & billing, inventory & material management, patient relationship management, and others. The inventory & material management segment accounted for the major market share in 2018 and expected to dominant the market during forecast period.

Healthcare directors within the U.S. are specializing in rising the potency of the operations and at the same time optimizing the backend operations to cut back prices. Toward the end, an ERP system facilitate in enhancing the standard of patient care and delivering customized care, thereby strengthening the connection with patients.

U.S Healthcare ERP Market By Functions

The cloud segment is anticipated to grow at a significant rate

Based on deployments, the market is bifurcated into on-premise and cloud. The on-premise segment accounted for a market share of over 82% in 2018. However, the cloud segment is anticipated to grow at a significant rate.

Cloud computing is allowing enterprises to store information on an overseas server and access it using the web. ERP systems help businesses enhance their overall business processes, resulting in increased profitability, productivity, and growth. As automation continues to expand throughout the healthcare industry, the dynamics of the US healthcare system are fast altering.           

Segments

The U.S healthcare erp market has been segmented on the basis of

Functions

  • Supply chain & logistics management
  • Finance & billing
  • Inventory & material management
  • Patient relationship management
  • Others

Deployments

  • On-premise
  • Cloud

Country

  • United States

Key Players

Competitive Landscape

Key players competing in the application server market include Infor; Oracle Corporation; Epicore Software Corporation; Sage Software Solution Pvt. Ltd.; Microsoft Corporation; and QAD Inc..

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

U.S Healthcare ERP Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Healthcare ERP Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Healthcare ERP Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Healthcare ERP Market - Supply Chain
  4.5. Global Healthcare ERP Market Forecast
     4.5.1. Healthcare ERP Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Healthcare ERP Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Healthcare ERP Market Absolute $ Opportunity
5. Global Healthcare ERP Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Healthcare ERP Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Healthcare ERP Demand Share Forecast, 2019-2026
6. North America Healthcare ERP Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Healthcare ERP Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Healthcare ERP Demand Share Forecast, 2019-2026
7. Latin America Healthcare ERP Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Healthcare ERP Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Healthcare ERP Demand Share Forecast, 2019-2026
8. Europe Healthcare ERP Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Healthcare ERP Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Healthcare ERP Demand Share Forecast, 2019-2026
9. Asia Pacific Healthcare ERP Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Healthcare ERP Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Healthcare ERP Demand Share Forecast, 2019-2026
10. Middle East & Africa Healthcare ERP Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Healthcare ERP Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Healthcare ERP Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Healthcare ERP Market: Market Share Analysis
  11.2. Healthcare ERP Distributors and Customers
  11.3. Healthcare ERP Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Infor Oracle Corporation Epicore Software Corporation Sage Software Solution Pvt. Ltd. Microsoft Corporation  

Methodology

Our Clients

The John Holland Group
Microsoft
Siemens Healthcare
sinopec
Dassault Aviation
Deloitte
General Mills
Nestle SA