Global Healthcare ERP Market Size To Exceed USD 16.59 Billion By 2035 | CAGR of 6.99%
Category: Healthcare
Global Healthcare ERP Market Size To Exceed USD 16.59 Billion By 2035
According to a research report published by Spherical Insights & Consulting, the Global Healthcare ERP Market Size is expected to grow from USD 7.89 Billion in 2024 to USD 16.59 Billion by 2035, at a CAGR of 6.99% during the forecast period 2025-2035.
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Browse key industry insights spread across 215 pages with 121 Market data tables and figures & charts from the report on the "Global Healthcare ERP Market Size, Share, and COVID-19 Impact Analysis, By Function (Inventory & Material Management, Supply Chain & Logistics Management, Patient Relationship Management, Finance and Billing, and Others), By Deployment (On-premises, Cloud), By End-use (Hospitals, Clinics, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/healthcare-erp-market
The healthcare ERP market refers to a complete software program created to oversee and integrate key healthcare functions under a single digital platform, including finance, supply chain management, human resources, patient data, and administrative procedures. In hospitals, clinics, and other healthcare institutions, healthcare ERP improves patient care, fosters informed decision-making, and increases operational effectiveness by centralizing data and optimizing workflows. The market growth is driven by the growing healthcare expenditures, a shortage of employees, and inefficient hospital administration, which are driving the need for ERP solutions. Cloud-based ERP solutions are growing in popularity, especially among small and medium-sized healthcare enterprises, due to their cost and ease of setup. ERP features are being enhanced by AI technology integration, enabling more informed decision-making and customized patient care. However, the market growth is hindered by the strict adherence and regulations.
The finance and billing segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the function, the healthcare ERP market is divided into inventory & material management, supply chain & logistics management, patient relationship management, finance and billing, and others. Among these, the finance and billing segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The segmental growth is due to the healthcare companies’ rapid implementation of ERP solutions to improve efficiency and lower barriers between front-end revenue cycle management jobs and back-end functions like processing claims. Businesses are using these systems to handle financial data silos, ledgers, reporting, risk management, fixed asset management, tax management, and multi-currency management.
The on-premises segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
On the basis of deployment, the healthcare ERP market is divided into on-premises and cloud. Among these, the on-premises segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The growth is driven by several benefits, including cheap maintenance costs, reduced vendor dependence, remote access, reduced costs, complete operational control, easy customization, and enhanced security and privacy. On-premises software deployment, or "shrink-wrap," is the process of setting up systems and solutions on the business's computers.
The hospitals segment held the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the end-use, the healthcare ERP market is classified into hospitals, clinics, and others. Among these, the hospitals segment held the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth can be attributed to the hospital segment of the market is the need for efficient patient and physician management systems that reduce paperwork, increase productivity, and enhance patient care while controlling budgetary expenditures. Many healthcare organizations are using ERP software to enhance hospital operations.
North America is anticipated to hold the largest share of the healthcare ERP market over the predicted timeframe.
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North America is anticipated to hold the largest share of the healthcare ERP market over the predicted timeframe. The regional growth can be attributed to the growing need for improved operational efficiency, regulatory compliance, and infrastructure. The strategic actions of market actors, like Tecsys' collaboration with AMG, highlight this tendency. The combination of data analytics and cloud computing enhances ERP skills even further. These advancements all support the steady growth of the healthcare ERP industry.
Asia Pacific is expected to grow at a rapid CAGR in the healthcare ERP market during the forecast period. The region's growth is being driven by the rising expense of healthcare and the developing labor shortage. The growing patient population, the increasing usage of advanced technologies, the emergence of start-ups, and the poor administration of health institutions' services are all contributing factors to the Asia Pacific market's expansion. Furthermore, the industry is attracting both public and private infrastructure and fostering both infrastructure development and economic growth.
Major vendors in the global healthcare ERP market are McKesson Corporation, QAD Inc, Oracle, SAGE Group PLC, SAP SE, Epicor Software Corporation, Microsoft, Infor, Aptean, Odoo, WebPT, Google, Cognizant, NextGen Healthcare, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In September 2023, Oracle modified many products within its Fusion Cloud portfolio to better meet the demands of healthcare corporate customers. These improvements affect its ERP, EPM, HCM, and SCM Clouds. The reforms aim to help healthcare institutions streamline processes and improve patient care.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the healthcare ERP market based on the below-mentioned segments:
Global Healthcare ERP Market, By Function
- Inventory & Material Management
- Supply Chain & Logistics Management
- Patient Relationship Management
- Finance and Billing
- Others
Global Healthcare ERP Market, By Deployment
- On-premises
- Cloud
Global Healthcare ERP Market, By End-use
- Hospitals
- Clinics
- Others
Global Healthcare ERP Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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