Research Nester published a report titled “Healthcare ERP Market: Demand Analysis & Opportunity Outlook 2036” which delivers detailed overview of the global healthcare ERP market in terms of market segmentation by deployment, application, end-users, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global healthcare ERP market is anticipated to grow with a CAGR of ~7.4% during the forecast period, i.e. 2024-2036. The market is segmented by deployment segment into cloud based and on premise. Out of these, on premise segment holds the major market share with 71%. The rising popularity of on premise owing to its easy accessibility and other associated benefits is expected to significantly drive the demand for the on premise based healthcare ERP systems across the globe.
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The global healthcare ERP market is estimated to garner a noteworthy revenue by 2036. The ineffective hospital service management, rising workforce shortage, and rapidly growing patient population at healthcare facilities are motivating public and private stakeholders to invest in creating 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.
Geographically, the global healthcare ERP market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America region, with the highest current market share of 36%, is estimated to grow rapidly on the back of increased rate of hospital construction, expansion in national health expenditure, high disposable income and considerable growth in GDP.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rise in Healthcare Expenditure to Drive the Market Growth
The global healthcare ERP market is anticipated to grow owing to the high expenditure in health care solutions & services, growth in R&D funding by governments of various countries, increase in demand for surgeries, and rise in prevalence of chronic diseases. Further, the invention of technologically advanced devices in the recent period in order to cater to the increasing patient demand is an another growth factor that is expected to drive the market growth.
However, lack awareness about ERP healthcare coupled with low adoption rate in developing countries and stringent rules by the government is expected to operate as key restraints to the growth of the global life care solution services market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global healthcare ERP market which includes company profiling of McKesson Corporation, Infor, Odoo SA, SAP SE, Oracle, Epicor Software Corporation, QAD Inc., Aptean Group, The Sage Group plc, Microsoft and more. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global healthcare ERP market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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