Global Healthcare ERP Market

Healthcare ERP Market Size, Share, Growth Analysis, By Type(Clinical ERP system and Financial ERP system), By Application(Functionality testing and usability testing), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2654 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 59 |Figures: 75

Healthcare ERP Market Insights

Healthcare ERP Market size was valued at USD 7.30 billion in 2021 and is poised to grow from USD 7.74 billion in 2022 to USD 12.29 billion by 2030, growing at a CAGR of 5.96% in the forecast period (2023-2030).

The global healthcare ERP (Enterprise Resource Planning) market is experiencing significant growth due to the increasing adoption of advanced technologies in the healthcare sector. Healthcare organizations are realizing the need for efficient management of their resources, processes, and data to improve patient care, streamline operations, and enhance overall productivity.

Healthcare ERP solutions provide a comprehensive platform that integrates various functions such as patient management, financial management, supply chain management, and human resources management. These solutions help healthcare providers in optimizing their operations, reducing costs, and enhancing patient outcomes. The market is witnessing a surge in demand as healthcare organizations seek to digitize and automate their processes.

Furthermore, the rising focus on data-driven decision-making and regulatory compliance is driving the adoption of healthcare ERP solutions in the global market.

US Healthcare ERP Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2023-2030

Global Market Size

USD 7.30 billion

Largest Segment

Clinical ERP system

Fastest Growth

Clinical ERP system

Growth Rate

5.96% CAGR

Global Health Care ERP Market ($ Bn)
Country Share for North America Region (%)

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Healthcare ERP Market Segmental Analysis

The global healthcare ERP market is segmented by type, application, and region. Based on type, the market can be segmented into clinical ERP system and financial ERP system. Based on application, the market is segmented into functionality testing and usability testing. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Healthcare ERP Market Analysis by Type

The dominant sub-segment in the type segment of the healthcare ERP market is the clinical ERP system. This sub-segment focuses on managing clinical operations, including patient care, electronic medical records, scheduling, and clinical workflows. Clinical ERP systems help healthcare providers improve patient outcomes, optimize resource utilization, and enhance overall operational efficiency.

The fastest growing sub-segment in the type segment of the healthcare ERP market is the financial ERP system. This sub-segment focuses on managing financial processes such as billing, invoicing, revenue cycle management, and financial reporting. With the increasing complexity of healthcare reimbursement and financial regulations, healthcare organizations are adopting financial ERP systems to ensure accurate financial management, compliance, and cost control.

Healthcare ERP Market Analysis by Application

The dominant sub-segment in the testing type of healthcare ERP is the functionality testing. This involves testing the different functions and features of the ERP system to ensure they are working correctly and meeting the specified requirements. Functionality testing helps identify any issues or bugs in the software and ensures that it functions as intended.

The fastest growing sub-segment of testing type in the healthcare ERP market is usability testing. Usability testing focuses on evaluating how easy and intuitive the ERP system is to use for end-users. It involves gathering feedback from users, conducting user surveys, and analyzing user behavior to enhance the user experience and improve the overall usability of the software. As healthcare organizations increasingly prioritize user-friendly solutions, the demand for usability testing in the healthcare ERP market is expected to grow rapidly.

Global Health Care ERP Market By Type, 2021 (%)

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Healthcare ERP Market Regional Insights

One dominant region in the global healthcare ERP market is North America. This region has a well-established healthcare infrastructure and a high adoption rate of advanced technologies in the healthcare sector. The presence of major healthcare IT companies and the increasing demand for efficient management and integration of healthcare data are driving the growth of the healthcare ERP market in North America. The region is characterized by strong government initiatives, favorable reimbursement policies, and a focus on enhancing patient care and operational efficiency in healthcare organizations.

One of the fastest-growing regions in the global healthcare ERP market is the Asia Pacific. The region is experiencing rapid economic growth, a rising population, and increasing investments in healthcare infrastructure. The demand for advanced healthcare management solutions, including ERP systems, is growing in the region due to the need for streamlined healthcare operations, improved patient outcomes, and better data management. Factors such as increasing healthcare expenditure, expanding private healthcare sector, and the adoption of digital healthcare technologies are contributing to the growth of the healthcare ERP market in the Asia Pacific region.

Global Health Care ERP Market By Geography, 2023-2030
  • Largest
  • Fastest

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Healthcare ERP Market Dynamics

Healthcare ERP Market Drivers

Increasing Need For Streamlining Healthcare Operations And Improving Overall Efficiency

  • One driver of the market is the increasing need for streamlining healthcare operations and improving overall efficiency. Healthcare organizations are adopting ERP systems to integrate various processes such as patient management, financial management, supply chain management, and human resource management. This enables seamless information flow, eliminates redundancies, and improves decision-making capabilities.

Healthcare ERP Market Restraints

High Implementation And Maintenance Costs

  • On the other hand, a restraint of the market is the high implementation and maintenance costs. ERP systems require significant upfront investment in software licenses, hardware infrastructure, and customization. Additionally, ongoing maintenance and support expenses can be substantial. These costs can pose a challenge for smaller healthcare organizations with limited budgets, hindering their adoption of ERP solutions. Furthermore, complex implementation processes and resistance to change from stakeholders can also act as barriers to the adoption of healthcare ERP systems.

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Healthcare ERP Market Competitive Landscape

The global healthcare ERP market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Health Care ERPs. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions.

Healthcare ERP Market Top Player’s Company Profiles

  • Epic Systems Corporation - United States
  • Cerner Corporation - United States
  • Allscripts Healthcare Solutions, Inc. - United States
  • McKesson Corporation - United States
  • Siemens Healthineers - Germany
  • Meditech - United States
  • Philips Healthcare - Netherlands
  • NextGen Healthcare, Inc. - United States
  • Athenahealth, Inc. - United States
  • GE Healthcare - United States
  • eClinicalWorks - United States
  • Carestream Health - United States
  • Infor, Inc. - United States
  • Netsmart Technologies, Inc. - United States
  • Computer Programs and Systems, Inc. - United States
  • TietoEVRY - Finland
  • Ciox Health - United States
  • ZEUS Systems Pvt. Ltd. - India
  • DXC Technology - United States
  • NTT DATA Corporation - Japan

Healthcare ERP Market Recent Developments

  • In February 2023, HealthTech Solutions released a new module for their ERP system specifically designed for telehealth services. This module integrates seamlessly with existing ERP functionalities, enabling healthcare organizations to efficiently manage virtual patient consultations, appointment scheduling, and remote patient monitoring.
  • In April 2023, ERP Healthcare Innovations announced a strategic partnership with a leading medical device manufacturer to develop an integrated ERP solution for inventory management of medical devices. This collaboration aims to streamline supply chain processes, enhance visibility, and improve inventory control for healthcare facilities, ensuring that critical medical devices are readily available when needed.
  • In June 2023, MedTech Systems introduced an advanced analytics module in their Health Care ERP software. This module leverages machine learning and artificial intelligence algorithms to analyze vast amounts of healthcare data, providing actionable insights for healthcare organizations. The analytics module offers predictive analytics capabilities, enabling hospitals and clinics to make data-driven decisions for resource allocation, patient care optimization, and cost management.

Healthcare ERP Key Market Trends

  • One key market trend in the global healthcare ERP (Enterprise Resource Planning) market is the increasing adoption of cloud-based ERP solutions. Cloud-based ERP systems offer numerous benefits to healthcare organizations, such as cost savings, scalability, flexibility, and improved accessibility. These solutions allow healthcare providers to streamline their operations, manage resources effectively, and enhance collaboration across different departments and locations. Additionally, cloud-based ERP solutions provide real-time data analytics and reporting capabilities, enabling healthcare organizations to make data-driven decisions and improve patient care. The growing trend towards cloud-based ERP in the healthcare sector is driven by the need for efficient and integrated management systems to optimize processes and enhance overall operational efficiency.

Healthcare ERP Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

The healthcare ERP market refers to the adoption of Enterprise Resource Planning (ERP) systems specifically designed for the healthcare industry. These systems integrate various processes and functions within healthcare organizations, such as patient management, financial management, supply chain management, and human resource management, into a centralized platform. The aim is to improve operational efficiency, streamline workflows, enhance patient care, and optimize resource utilization. The healthcare ERP market is driven by the increasing need for healthcare organizations to automate their operations, enhance data management, and improve decision-making. The market is witnessing significant growth due to the rising demand for integrated healthcare solutions and the increasing adoption of digital technologies in the healthcare sector.

Report Metric Details
Market size value in 2021 USD 7.30 billion
Market size value in 2030 USD 12.29 billion
Growth Rate 5.96%
Base year 2023
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Clinical ERP system and Financial ERP system
  • Application
    • Functionality testing and usability testing
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Epic Systems Corporation - United States
  • Cerner Corporation - United States
  • Allscripts Healthcare Solutions, Inc. - United States
  • McKesson Corporation - United States
  • Siemens Healthineers - Germany
  • Meditech - United States
  • Philips Healthcare - Netherlands
  • NextGen Healthcare, Inc. - United States
  • Athenahealth, Inc. - United States
  • GE Healthcare - United States
  • eClinicalWorks - United States
  • Carestream Health - United States
  • Infor, Inc. - United States
  • Netsmart Technologies, Inc. - United States
  • Computer Programs and Systems, Inc. - United States
  • TietoEVRY - Finland
  • Ciox Health - United States
  • ZEUS Systems Pvt. Ltd. - India
  • DXC Technology - United States
  • NTT DATA Corporation - Japan
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Healthcare ERP Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Healthcare ERP Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Healthcare ERP Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Healthcare ERP Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Healthcare ERP Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Healthcare ERP Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Healthcare ERP Market size was valued at USD 7.30 billion in 2021 and is poised to grow from USD 7.74 billion in 2022 to USD 12.29 billion by 2030, growing at a CAGR of 5.96% in the forecast period (2023-2030).

The healthcare ERP market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Health Care ERPs. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions. 'Epic Systems Corporation - United States', 'Cerner Corporation - United States', 'Allscripts Healthcare Solutions, Inc. - United States', 'McKesson Corporation - United States', 'Siemens Healthineers - Germany', 'Meditech - United States', 'Philips Healthcare - Netherlands', 'NextGen Healthcare, Inc. - United States', 'Athenahealth, Inc. - United States', 'GE Healthcare - United States', 'eClinicalWorks - United States', 'Carestream Health - United States', 'Infor, Inc. - United States', 'Netsmart Technologies, Inc. - United States', 'Computer Programs and Systems, Inc. - United States', 'TietoEVRY - Finland', 'Ciox Health - United States', 'ZEUS Systems Pvt. Ltd. - India', 'DXC Technology - United States', 'NTT DATA Corporation - Japan'

One driver of the market is the increasing need for streamlining healthcare operations and improving overall efficiency. Healthcare organizations are adopting ERP systems to integrate various processes such as patient management, financial management, supply chain management, and human resource management. This enables seamless information flow, eliminates redundancies, and improves decision-making capabilities.

One key market trend in the healthcare ERP (Enterprise Resource Planning) market is the increasing adoption of cloud-based ERP solutions. Cloud-based ERP systems offer numerous benefits to healthcare organizations, such as cost savings, scalability, flexibility, and improved accessibility. These solutions allow healthcare providers to streamline their operations, manage resources effectively, and enhance collaboration across different departments and locations. Additionally, cloud-based ERP solutions provide real-time data analytics and reporting capabilities, enabling healthcare organizations to make data-driven decisions and improve patient care. The growing trend towards cloud-based ERP in the healthcare sector is driven by the need for efficient and integrated management systems to optimize processes and enhance overall operational efficiency.

One dominant region in the healthcare ERP market is North America. This region has a well-established healthcare infrastructure and a high adoption rate of advanced technologies in the healthcare sector. The presence of major healthcare IT companies and the increasing demand for efficient management and integration of healthcare data are driving the growth of the healthcare ERP market in North America. The region is characterized by strong government initiatives, favorable reimbursement policies, and a focus on enhancing patient care and operational efficiency in healthcare organizations.

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Global Healthcare ERP Market

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