Healthcare Workforce Management System Market Analysis by Product, by Mode of Delivery, by End User (Hospitals, Health Care Institutions, and by Region - Global Forecast to 2029

The global healthcare workforce management system market size is estimated to be USD 1,952.1 million in 2021 and is expected to witness a CAGR of 14.82% during the forecast period. Growing need to curb healthcare costs through effective management is a key driver responsible for the growth of the global healthcare workforce management system market. Additionally, consolidation in healthcare to improve the healthcare workforce management systems market and increasing need to attain regulatory compliance through effective utilization of workforce management systems are some of the other drivers propelling the market growth. Nevertheless, data security concerns and high cost of deployment limit adoption of workforce management systems, thereby restraining market growth

By Product

Based on product, the market is segmented into standalone healthcare workforce management software and healthcare workforce management services market. In 2021, the standalone healthcare workforce management software segment accounted for the substantial revenue share and is expected to grow with a lucrative CAGR during the forecast period. This is attributed to increasing transparency and flexible planning for workforce in healthcare industry worldwide. Healthcare workforce management services segment is projected to grow at a profitable CAGR during the forecast period. This is attributed to reduction in labor costs in hospitals, increase in the operational proficiency, and association in healthcare industry.

By Mode of Delivery

Based on mode of delivery, the market is categorized into on-premises model, web-based solutions, and cloud-based model. In 2021, the on-premise segment accounted for the substantial revenue share and is expected to grow with a lucrative CAGR during the forecast period. This is due to various features offered by this model, such as security of data for all the workforce and easy retrieval within the premises worldwide. The cloud-based segment is anticipated to grow at a profitable CAGR during the forecast period due to the incorporation of changes in accordance with the standard guidelines set by various medical associations and remote access to healthcare workforce data.

By End User

Based on end user, the market is categorized into hospitals, nursing homes, assisted living centers, long-term care facilities, and other healthcare institutions. In 2021, the hospitals segment accounted for a substantial revenue share and is expected to grow with a lucrative CAGR during the forecast period. This is due to the fact that labor-intensive environment of the hospitals calls for to adoption of workforce management solutions across the hospital industry worldwide. Nursing homes, assisted living centers, and long-term care facilities segment is anticipated to grow at a profitable CAGR during the forecast period. This is due to increase in employment of labor scheduling and labor budgeting solutions with growth in workforce of this segment.

Regional Insights

In 2021, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the growing aged population in many countries in the region, strict regulatory norms, improving healthcare infrastructure, and the presence of major manufacturers in the region. Asia Pacific market is projected to grow at the fastest CAGR over the forecast period owing to the less stringent regulations, increasing demand for advanced medication and treatment, and growing focus on biopharmaceutical companies in this region. Competitor Insights Some of the key players in the healthcare workforce management system market are Infor, Inc. (U.S.); Oracle Corporation (U.S.); Kronos, Inc. (U.S.); SAP AG (Germany); Mckesson Corporation (U.S.); Automatic Data Processing, Inc. (U.S.); GE Healthcare (Api Healthcare) (U.S.); Cornerstone Ondemand, Inc. (U.S.); IBM Corporation (U.S.); and Workday, Inc. (U.S.). The leading players operating in the healthcare workforce management system industry are adopting various strategies including R&D investments, adoption of advanced techniques, mergers & acquisitions, and regional expansions to capture a maximum revenue share.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The healthcare workforce management system market report is categorized into the following segments and subsegments:
Healthcare Workforce Management System Market, By Product (Revenue, USD Million, 2021 - 2029)

• Standalone Healthcare Workforce Management Software
• Time & Attendance Management Software
• Scheduling Software
• Talent Management Software
• HR & Payroll Management
• Workforce Analytics

Other Standalone Software

Integrated Healthcare Workforce Management Software

Healthcare Workforce Management Services Market

Support & Maintenance Services

• Optimization Services
• Implementation Services
• Education/Training Services

Healthcare Workforce Management System Market, By Mode of Delivery (Revenue, USD Million, 2021 - 2029)

• On-Premises Model
• Web-Based Solutions
• Cloud-Based Model

Healthcare Workforce Management System Market, By End User (Revenue, USD Million, 2021 - 2029)

• Hospitals
• Nursing Homes, Assisted Living Centers, and Long-Term Care Facilities
• Other Healthcare Institutions

Healthcare Workforce Management System Market, By Region (Revenue, USD Million, 2021 - 2029)

North America

U.S.

• Canada

Europe

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

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC

Latin America

• Brazil
• Mexico
• Argentina
• Rest of LATAM

Middle East & Africa

South Africa

• Saudi Arabia
• Rest of MEA