The global healthcare ERP market size is expected to reach USD 10.3 billion by 2028, according to a new report by the publisher. It is expected to expand at a CAGR of 6.6% from 2021 to 2028. Healthcare organizations are under pressure to adopt technological solutions to curb the rising expenditures, ineffective hospital service management, rising workforce shortage, and growing patient population. The rising awareness regarding benefits associated with adopting ERP systems, such as high-quality care delivery solutions, eliminating back-end manual activities, and minimizing operational expenses, contribute to the healthcare enterprise resource planning market growth.
The growing demand for ERP systems from small and medium businesses to enhance business processes and outcomes are driving the market. Seamless access to centralized data from remote locations improves the functioning and data management of the organization. The COVID-19 pandemic exposed the shortcomings of the existing systems adopted by healthcare organizations. During the pandemic, several businesses began adopting ERP systems to automate and digitalize their business processes and streamline their workflows to enhance their productivity and efficiency.
The finance and billing function segment dominated the market in 2020 owing to the growing need to amalgamate the front-end revenue cycle management processes, such as patient access, with back-end activities such as claims management. The inventory and material management segment is expected to grow significantly over the forecast period due to the feature of real-time access to manufacturing and supply chain management. The on-premises deployment segment dominated the market in 2020 due to minimizing costs and ease of access. The cloud deployment segment is expected to grow lucratively over the forecast period owing to the growth of cloud computing and improved accessibility of the internet.
North America dominated the market in 2020 due to rising adoption rates of advanced ERP systems and the emergence of AI-empowered solutions, coupled with infrastructure development. Asia Pacific is expected to register a significant growth rate over the forecast period owing to the emergence of start-ups providing AI-powered ERP systems, growing public and private partnerships to promote healthcare IT infrastructure, and availability of an economical high-skilled workforce.
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The growing demand for ERP systems from small and medium businesses to enhance business processes and outcomes are driving the market. Seamless access to centralized data from remote locations improves the functioning and data management of the organization. The COVID-19 pandemic exposed the shortcomings of the existing systems adopted by healthcare organizations. During the pandemic, several businesses began adopting ERP systems to automate and digitalize their business processes and streamline their workflows to enhance their productivity and efficiency.
The finance and billing function segment dominated the market in 2020 owing to the growing need to amalgamate the front-end revenue cycle management processes, such as patient access, with back-end activities such as claims management. The inventory and material management segment is expected to grow significantly over the forecast period due to the feature of real-time access to manufacturing and supply chain management. The on-premises deployment segment dominated the market in 2020 due to minimizing costs and ease of access. The cloud deployment segment is expected to grow lucratively over the forecast period owing to the growth of cloud computing and improved accessibility of the internet.
North America dominated the market in 2020 due to rising adoption rates of advanced ERP systems and the emergence of AI-empowered solutions, coupled with infrastructure development. Asia Pacific is expected to register a significant growth rate over the forecast period owing to the emergence of start-ups providing AI-powered ERP systems, growing public and private partnerships to promote healthcare IT infrastructure, and availability of an economical high-skilled workforce.
Healthcare ERP Market Report Highlights
- The healthcare enterprise resource planning market growth can be attributed to the growing digitalization of business processes to streamline workflows
- In terms of function, the finance and billing segment dominated the market in 2020, owing to the need to lower barriers between front-end revenue cycle management processes and back-end activities
- The on-premises deployment segment dominated the market in 2020 owing to the ease-of-access and minimum maintenance cost of ERP solutions
- North America dominated the market in 2020 due to the rise in adoption of advanced ERP systems and the significant presence of market players
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Table of Contents
Chapter 1 Methodology and Scope1.1 Research Methodology
1.1.1 Information Procurement
1.2 Market Definition
1.3 Information or Data Analysis
1.4 Research Scope and Assumptions
1.4.1 Methodology
1.5.1 Country Market: CAGR Calculation
1.6 List of Secondary Sources
1.7 List of Primary Sources
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
2.4 Global Healthcare ERP Market Snapshot
Chapter 3 Global Healthcare ERP Market Variables, Trends, & Scope
3.1 Market Segmentation and Scope
3.2 Penetration and Growth Prospect Mapping
3.3 Technology Overview
3.3.1 Technology evolution
3.3.2 Technology overview
3.4 Market Dynamics
3.4.1 Market Driver Analysis
3.4.1.1 Growing adoption of cloud-based ERP
3.4.1.2 Integration of artificial intelligence in ERP
3.4.1.3 Rising demand from small and medium enterprises
3.4.2 Market Restraint Analysis
3.4.2.1 High cost of ERP systems and ERP implementation
3.5 Global Healthcare ERP Market Analysis Tools
3.5.1 Industry Analysis - Porter’s
3.5.1.1 Bargaining power of suppliers: Low
3.5.1.2 Bargaining power of buyers: moderate
3.5.1.3 Threat of substitution: Low
3.5.1.4 Threat OF new entrants: moderate
3.5.1.5 Competitive rivalry: High
3.5.2 PESTEL Analysis
3.5.2.1 Political and Legal Landscape
3.5.2.2 Economic and Social Landscape
3.5.2.3 Technology Landscape
3.6 Major Deals & Strategic Alliances Analysis
3.6.1 Mergers and Acquisitions
3.6.2 Technology collaborations
3.6.3 Licensing & partnership
3.7 Impact of COVID-19 Pandemic on Global Healthcare ERP Market
Chapter 4 Global Healthcare ERP Market: Function Market Estimates & Trend Analysis
4.1 Global Healthcare ERP Market: Function Analysis
4.1.1 Inventory And Material Management
4.1.1.1 inventory and material management market estimates and forecasts, 2016 - 2028 (USD Million)
4.1.2 Supply Chain And Logistics Management
4.1.2.1 Supply chain and logistics management market estimates and forecasts, 2016 - 2028 (USD Million)
4.1.3 Patient Relationship Management
4.1.3.1 patient relationship management market estimates and forecasts, 2016 - 2028 (USD Million)
4.1.4 Finance And Billing
4.1.4.1 finance and billing market estimates and forecasts, 2016 - 2028 (USD Million)
4.1.5 Others
4.1.5.1 others market estimates and forecasts, 2016 - 2028 (USD Million)
Chapter 5 Global Healthcare ERP Market: Deployment Market Estimates & Trend Analysis
5.1 Global Healthcare ERP Market: Deployment Analysis
5.1.1 On-premises
5.1.1.1 On-premises market estimates and forecasts, 2016 - 2028 (USD Million)
5.1.2 Cloud
5.1.2.1 Cloud market estimates and forecasts, 2016 - 2028 (USD Million)
Chapter 6 Global Healthcare ERP Market: Regional Estimates & Trend Analysis, by Function and Deployment
6.1 Global Healthcare ERP Market: Regional Movement Analysis
6.2 North America
6.2.1 North America Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
6.2.2 U.S.
6.2.2.1 U.S. Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
6.2.3 Canada
6.2.3.1 Canada Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
6.3 Europe
6.3.1 Europe Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
6.3.2 U.K.
6.3.2.1 UK Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
6.3.3 Germany
6.3.3.1 Germany Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
6.3.4 France
6.3.4.1 France Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
6.4.2 Japan
6.4.2.1 Japan Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
6.4.3 China
6.4.3.1 China Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
6.4.4 India
6.4.4.1 India Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
6.5 Latin America
6.5.1 Latin America Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
6.5.2 Brazil
6.5.2.1 Brazil Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
6.5.3 Mexico
6.5.3.1 Mexico Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
6.6 MEA
6.6.1 MEA Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
6.6.2 South Africa
6.6.2.1 South Africa Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
6.6.3 UAE
6.6.3.1 UAE Healthcare ERP Market Estimates And Forecasts, 2016 - 2028 (USD Million)
Chapter 7 Competitive Landscape
7.1 Recent Developments & Impact Analysis, By Key Market Participants
7.2 Company/ Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
7.3 Vendor Landscape
7.3.1 Company Market Position Analysis (Revenue, Geographic Presence, Product Portfolio, Strategic initiatives, Employee Strength)
7.3.2 list of key emerging companies/technology disruptors/ innovators
Chapter 8 Competitive Landscape
8.1 McKesson Corporation
8.1.1 Company overview
8.1.2 Financial performance
8.1.3 Product benchmarking
8.1.4 Strategic initiatives
8.2. Oracle
8.2.1 Company overview
8.2.2 Financial performance
8.2.3 Product benchmarking
8.2.4 Strategic initiatives
8.3 SAP
8.3.1 Company overview
8.3.2 Financial performance
8.3.3 Product benchmarking
8.3.4 Strategic initiatives
8.4 Aptean
8.4.1 Company overview
8.4.2 Financial performance
8.4.3 Product benchmarking
8.4.4 Strategic initiatives
8.5 Odoo
8.5.1 Company overview
8.5.2 Financial performance
8.5.3 Product benchmarking
8.5.4 Strategic initiatives
8.6 Infor
8.6.1 Company overview
8.6.2 Financial performance
8.6.3 Product benchmarking
8.7 Microsoft
8.7.1 Company overview
8.7.2 Financial performance
8.7.3 Product benchmarking
8.7.4 Strategic initiatives
8.8 SAGE Group PLC
8.8.1 Company overview
8.8.2 Financial performance
8.8.3 Product benchmarking
8.8.4 Strategic initiatives
8.9 Epicor Software Corporation
8.9.1 Company overview
8.9.2 Product benchmarking
8.9.3 Product benchmarking
8.9.4 Strategic initiatives
8.10 QAD Inc.
8.10.1 Company overview
8.10.2 Financial performance
8.10.3 Product benchmarking
8.10.4 Strategic initiatives
List of Tables
Table 1 Function market revenue estimates and forecasts, 2016 - 2028 (USD Million)
Table 2 Deployment market revenue estimates and forecasts, 2016 - 2028 (USD Million)
Table 3 North America healthcare ERP market, by country, 2016 - 2028 (USD Million)
Table 4 North America healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 5 North America healthcare ERP market, by deployment, 2016 - 2028 (USD Million)
Table 6 U.S. healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 7 U.S. healthcare ERP market, by deployment, 2016 - 2028 (USD Million)
Table 8 Canada healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 9 Canada healthcare ERP market, by deployment, 2016 - 2028 (USD Million)
Table 10 Europe healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 11 Europe healthcare ERP market, by deployment, 2016 - 2028 (USD Million)
Table 12 U.K. healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 13 U.K. healthcare ERP market, by deployment, 2016 - 2028 (USD Million)
Table 14 Germany healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 15 Germany healthcare ERP market, by deployment, 2016 - 2028 (USD Million)
Table 16 France healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 17 France healthcare ERP market, by deployment, 2016 - 2028 (USD Million)
Table 18 Asia Pacific healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 19 Asia Pacific healthcare ERP market, by deployment, 2016 - 2028 (USD Million)
Table 20 China healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 21 China healthcare ERP market, by deployment, 2016 - 2028 (USD Million)
Table 22 Japan healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 23 Japan healthcare ERP market, by deployment, 2016 - 2028 (USD Million)
Table 24 India healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 25 India healthcare ERP market, by deployment, 2016 - 2028 (USD Million)
Table 26 Latin America healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 27 Latin America healthcare ERP market, by deployment, 2016 - 2028 (USD Million)
Table 28 Brazil healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 29 Brazil healthcare ERP market, by deployment, 2016 - 2028 (USD Million)
Table 30 Mexico healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 31 Mexico healthcare ERP market, by deployment, 2016 - 2028 (USD Million)
Table 32 MEA healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 33 MEA healthcare ERP market, by deployment, 2016 - 2028 (USD Million)
Table 34 South Africa healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 35 South Africa healthcare ERP market, by deployment, 2016 - 2028 (USD Million)
Table 36 UAE healthcare ERP market, by function, 2016 - 2028 (USD Million)
Table 37 UAE healthcare ERP market, by deployment, 2016 - 2028 (USD Million)List of Figures
Figure. 1 Market research process
Figure. 2 Information procurement
Figure. 3 Primary research pattern
Figure. 4 Market research approaches
Figure. 5 Value chain-based sizing & forecasting
Figure. 6 QFD modeling for market share assessment
Figure. 7 Market formulation & validation
Figure. 8 Global healthcare ERP market summary, 2020 (USD Million)
Figure. 9 Global healthcare ERP market trends & outlook
Figure. 10 Global healthcare ERP market segmentation
Figure. 11 Penetration & growth prospect mapping
Figure. 12 Evolution of Enterprise Resource Planning (ERP)
Figure. 13 ERP: Technology landscape
Figure. 14 Market driver analysis (Current & future impact)
Figure. 15 Market restraint analysis (Current & future impact)
Figure. 16 Global healthcare ERP market, function outlook: Key takeaways (USD Million)
Figure. 17 Global healthcare ERP market: Function movement analysis
Figure. 18 Inventory and material management market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 19 Supply chain and logistics management market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 20 Patient relationship management market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 21 Finance and billing market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 22 Others market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 23 Global healthcare ERP market, deployment outlook: Key takeaways (USD Million)
Figure. 24 Global healthcare ERP market: Deployment movement analysis
Figure. 25 On-premises market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 26 Cloud market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 27 Healthcare ERP regional marketplace: Key takeaways
Figure. 28 Healthcare ERP market: Regional movement analysis (USD Million)
Figure. 29 North America healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 30 U.S. healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 31 Canada healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 32 Europe healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 33 U.K. healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 34 Germany healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 35 France healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 36 Asia Pacific healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 37 Japan healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 38 China healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 39 India healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 40 Latin America healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 41 Brazil healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 42 Mexico healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 43 MEA healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 44 South Africa healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 45 UAE healthcare ERP market estimates and forecasts, 2016 - 2028 (USD Million)
Figure. 46 Company market position analysis (Geographic presence, product portfolio, key alliance, industry experience)
Companies Mentioned
- McKesson Corporation
- Oracle
- SAP
- Aptean
- Odoo
- Infor
- Microsoft
- SAGE Group PLC
- Epicor Software Corporation
- QAD Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 110 |
| Published | November 2021 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( USD | $ 6.2 billion |
| Forecasted Market Value ( USD | $ 10.3 billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
