Healthcare ERP Market | Cloud Computing Technologies

Wilmington, Delaware, United States, October 17, 2022 (GLOBE NEWSWIRE) — Transparency Market Research Inc.In 2020, Healthcare ERP market value was registered at $4.8 billion. The global market is expected to develop at a CAGR of 6.5% during the forecast period of 2021 to 2031. By 2031, the global healthcare ERP market size is expected to reach USD 9.6 billion. Enterprise resource planning (ERP) in healthcare is now an integral part of the global healthcare system as the healthcare ERP market offers several advantages. The need for these solutions to reduce operational costs and improve patient outcomes is being driven by the increasing use of ERP systems by healthcare professionals.

Many healthcare facilities, including emergency rooms, hospitals, and clinics, are exploring how ERP can be used to increase operational effectiveness. In terms of correct Key Performance Indicator (KPI) data, streamlining of back-end operations and cost optimization, these developments are expected to fuel the expansion of the global healthcare ERP market. Global healthcare players have been able to transform their IT systems by integrating ERP into the healthcare IT infrastructure in developing countries.

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Key Findings of the Market Report

  • The increasing use of intelligent software systems and the digitization of the healthcare industry worldwide are expected to propel the global healthcare ERP market. Digital technologies and cloud-based software solutions are becoming more and more accepted by surgeons, doctors and other medical professionals in Sri Lanka, Bangladesh and India.
  • Another factor affecting the market development is booming medical tourism for affordable treatments in Malaysian hospitals. Clinical trials involving many states and more nations are more common, which should offer hope for accelerated adoption of cloud-based software.
  • Healthcare facilities around the world are becoming increasingly aware of value-based care and the need to improve the patient experience. Healthcare ERP is critical to treating patients’ neurological issues due to technological innovations such as AI and surgical robots.
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Global ERP in healthcare Market: growth driver

  • As small and medium-sized businesses increasingly adopt ERP systems, there is a greater desire for these systems to reduce operational costs and improve functional outcomes. In addition, ERP systems for accounting, inventory management, point-of-sale profiles, procurement and also sales of laboratories and pharmacies are introduced.
  • The North American market is expected to be driven by the increasing need among clinicians and healthcare professionals for state-of-the-art technology solutions to provide quality care to patients. It is also expected to help reduce operational costs and eliminate data silos for back-end operations. The regional market is likely to be driven by a fast-growing and strong healthcare system and an increasing demand for advanced technological solutions. This region is expected to account for a significant market share of Healthcare ERP.

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Global ERP in healthcare market: Important Competitors

  • Medical Information Technology, Inc.
  • Allscripts Healthcare, LLC
  • The HCI Group
  • Focus Softnet Pvt. GmbH.
  • Infosys Limited
  • Sage Group plc
  • SAPSE
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Global ERP in healthcare market: segmentation

offer

application

  • Inventory and material management
  • Supply chain and logistics management
  • patient relationship management
  • Finance & Billing
  • Other

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  • hospitals
  • clinics
  • Long and short term facilities
  • Other

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