The global healthcare ERP market size was valued at US$ 6.9 billion in 2021 and is expected to hit US$ 14.6 billion by 2030 with a registered CAGR of 6.96% from 2022 to 2030.
Growth Factors:
Adoption of the healthcare business management system, which integrates human resources, payroll, materials management, accounts payable, general ledger, supply chain management, and other business applications, is low
Currently, around 60% of the U.S. hospitals do not have an ERP solution in place. According to an analysis of data from the HIMSS Analytics Logic Platform, hospital ERP adoption increased from 20.8% in 2008 to 40.4% a decade later.
The platform monitors the use of over 200 health IT tools. However, according to healthcare advisors, ERP adoption will continue to rise. Currently, nearly 200 hospitals are contracting, installing, or planning to purchase an ERP solution.
In the past 10 years, hospitals have prioritized clinical and financial improvements, particularly through the use of technology. The push for value-based care and clinical quality improvement, for instance, as well as the federally mandated meaningful use initiative, induced hospitals to install EMR systems.
Healthcare ERP Market: Overview
Healthcare facilities and firms are embracing cloud-based ERP systems due to advantages such as minimum ownership cost, low availability of in-house technical expertise, agile & flexible infrastructure capacity, less capital requirement, and constant upgrades. On-premises systems require significant capital expenditure and high costs. Hence, small and medium companies are embracing cloud-based ERP systems.
Rise in usage of ERP systems among small and medium businesses boosts demand for these systems to bring down operational costs and improve functional outcomes. Moreover, pharmacies and laboratories have started to embrace ERP systems for inventory management, accounts, purchase, point-of-sale profile, and selling.
Report Scope of the Healthcare ERP Market
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Report Coverage |
Details |
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Market Size |
US$ 14.6 Billion by 2030 |
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Growth Rate |
CAGR of 6.96% from 2022 to 2030 |
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Largest Market |
North America |
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Fastest Growing Market |
Asia Pacific |
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Base Year |
2021 |
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Forecast Period |
2022 to 2030 |
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Segments Covered |
Offering, Application, End-user and Region, |
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Companies Mentioned |
Allscripts Healthcare, LLC, Azalea Health, CentralBOS, LLC, CPSI, Deskera, Elinext Group, Focus Softnet Pvt. Ltd., Infor, Infosys Limited, Medical Information Technology, Inc., Microsoft, Oracle, Premier, Rootstock Software, Sage Group plc, SAP, The HCI Group (Tech Mahindra Limited) |
Healthcare ERP Effective to Overcome Uncertainties During COVID-19
Healthcare ERP has emerged as one of the most important strategies to support healthcare facilities amid the COVID-19 pandemic. Stakeholders are striving to maintain optimum inventory levels to reduce dependence on other countries for raw materials, products, medical devices or instruments, equipment, and the likes. Companies in the healthcare ERP market are gauging long-term revenue opportunities, since the healthcare system of China, the U.K., and India is under scrutiny due to the new infection wave.
Mission-critical applications such as inventory management, patient relationship management, and financial management are growing prominent amid the ongoing pandemic. Such trends are providing impetus to the global healthcare ERP market in the upcoming years.
Healthcare ERP Market – Scope of Report
Nova one advisor’s report on the global healthcare ERP market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2030. The report provides revenue of the global healthcare ERP market for the period 2017–2030, considering 2021 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global healthcare ERP market from 2022 to 2030.
The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the healthcare ERP market.
Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global healthcare ERP market.
The report includes an elaborate executive summary along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the global healthcare ERP market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global healthcare ERP market.
The report delves into the competitive landscape of the global healthcare ERP market. Key players operating in the global healthcare ERP market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global healthcare ERP market profiled in this report.
Rapid Adoption of Healthcare ERP Systems Contributing to Market Growth
Healthcare enterprise resource planning (ERP) has become an indispensable part of the healthcare system worldwide. Rise in usage of ERP systems among healthcare practitioners is triggering the demand for these systems to lower operational cost and improve patient outcomes.
Several healthcare organizations, including clinics, hospitals, and emergency departments across the world have been seeking ways to implement ERP to boost operational efficiencies. Such trends are steering the growth of the global healthcare ERP market with respect to accurate information about key performance indicators (KPIs), optimization of costs, and to streamline back-end operations. The integration of ERP with the healthcare IT infrastructure in developing economies has enabled players in the healthcare industry to revolutionize their IT systems.
Cloud Computing Technologies Dictating Market Expansion
Drug development innovations such as analysis of data from various external sources, tailored treatments, and collection of patient health records are providing impetus to cloud computing in the healthcare ERP market. The high prevalence of chronic illnesses among diabetic and heart patients is fueling the need of ERP systems to innovate in new therapeutics that increase clinical numbers.
The growing medical tourism for cost-efficient treatments at healthcare facilities in Malaysia is also contributing to market expansion. Increase in international and multi-state clinical trials holds promising potentials for boosting the adoption of cloud based software technologies.
Value-based Treatment for Elderly Patients Catalyzing Market Growth
Since chronic diseases are closely related to patient morbidity and mortality, companies in the healthcare ERP market are tapping revenue opportunities in patient relationship management to improve their quality of life. The growing importance of healthcare ERP for patient relationship management, especially for the geriatric population and disabled people, is augmenting market growth.
Awareness about value-based treatment and need to enhance patient experience are being recognized by healthcare facilities worldwide. Future technologies such as surgical robots and AI for the treatment of neurological conditions among patients are necessitating the importance of healthcare ERP.
Healthcare ERP Market: Segmentation
Regional Overview: Healthcare ERP Market
Some of the prominent players in the Healthcare ERP Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Healthcare ERP Market Study:
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Healthcare ERP Market
4. Market Overview
4.1. Introduction
4.1.1. Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Healthcare ERP Market Analysis and Forecast, 2017–2030
4.4.1. Market Revenue Projections (US$ Mn)
5. Key Insights
5.1. Key Industry Events (mergers, acquisitions, partnerships, collaborations, etc.)
5.2. Technological Advancements
5.3. Regulatory Scenario, by Region/globally
5.4. COVID-19 Impact Analysis
6. Global Healthcare ERP Market Analysis and Forecast, By Offering
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Offering, 2017–2030
6.3.1. Solutions
6.3.1.1. Cloud-based
6.3.1.2. On-premises
6.3.2. Services
6.4. Market Attractiveness Analysis, By Offering
7. Global Healthcare ERP Market Analysis and Forecast, By Application
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by Application, 2017–2030
7.3.1. Inventory & Material Management
7.3.2. Supply Chain & Logistics Management
7.3.3. Patient Relationship Management
7.3.4. Finance & Billing
7.3.5. Others
7.4. Market Attractiveness Analysis, By Application
8. Global Healthcare ERP Market Analysis and Forecast, By End-user
8.1. Introduction & Definition
8.2. Key Findings / Developments
8.3. Market Value Forecast, by End-user, 2017–2030
8.3.1. Hospitals
8.3.2. Clinics
8.3.3. Long & Short Term Facilities
8.3.4. Others
8.4. Market Attractiveness Analysis, By End-user
9. Global Healthcare ERP Market Analysis and Forecast, By Region
9.1. Key Findings
9.2. Market Value Forecast, by Region
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Latin America
9.2.5. Middle East & Africa
9.3. Market Attractiveness Analysis, By Country/Region
10. North America Healthcare ERP Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Offering, 2017–2030
10.2.1. Solutions
10.2.1.1. Cloud-based
10.2.1.2. On-premises
10.2.2. Services
10.3. Market Value Forecast, by Application, 2017–2030
10.3.1. Inventory & Material Management
10.3.2. Supply Chain & Logistics Management
10.3.3. Patient Relationship Management
10.3.4. Finance & Billing
10.3.5. Others
10.4. Market Value Forecast, by End-user, 2017–2030
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Long & Short Term Facilities
10.4.4. Others
10.5. Market Value Forecast, by Country, 2017–2030
10.5.1. U.S.
10.5.2. Canada
10.6. Market Attractiveness Analysis
10.6.1. By Offering
10.6.2. By Application
10.6.3. By End-user
10.6.4. By Country
11. Europe Healthcare ERP Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Offering, 2017–2030
11.2.1. Solutions
11.2.1.1. Cloud-based
11.2.1.2. On-premises
11.2.2. Services
11.3. Market Value Forecast, by Application, 2017–2030
11.3.1. Inventory & Material Management
11.3.2. Supply Chain & Logistics Management
11.3.3. Patient Relationship Management
11.3.4. Finance & Billing
11.3.5. Others
11.4. Market Value Forecast, by End-user, 2017–2030
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Others
11.5. Market Value Forecast, by Country/Sub-region, 2017–2030
11.5.1. Germany
11.5.2. U.K.
11.5.3. France
11.5.4. Italy
11.5.5. Spain
11.5.6. Rest of Europe
11.6. Market Attractiveness Analysis
11.6.1. By Offering
11.6.2. By Application
11.6.3. By End-user
11.6.4. By Country/Sub-region
12. Asia Pacific Healthcare ERP Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Offering, 2017–2030
12.2.1. Solutions
12.2.1.1. Cloud-based
12.2.1.2. On-premises
12.2.2. Services
12.3. Market Value Forecast, by Application, 2017–2030
12.3.1. Inventory & Material Management
12.3.2. Supply Chain & Logistics Management
12.3.3. Patient Relationship Management
12.3.4. Finance & Billing
12.3.5. Others
12.4. Market Value Forecast, by End-user, 2017–2030
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Long & Short Term Facilities
12.4.4. Others
12.5. Market Value Forecast, by Country/Sub-region, 2017–2030
12.5.1. China
12.5.2. Japan
12.5.3. India
12.5.4. Australia & New Zealand
12.5.5. Rest of Asia Pacific
12.6. Market Attractiveness Analysis
12.6.1. By Offering
12.6.2. By Application
12.6.3. By End-user
12.6.4. By Country/Sub-region
13. Latin America Healthcare ERP Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Offering, 2017–2030
13.2.1. Solutions
13.2.1.1. Cloud-based
13.2.1.2. On-premises
13.2.2. Services
13.3. Market Value Forecast, by Application, 2017–2030
13.3.1. Inventory & Material Management
13.3.2. Supply Chain & Logistics Management
13.3.3. Patient Relationship Management
13.3.4. Finance & Billing
13.3.5. Others
13.4. Market Value Forecast, by End-user, 2017–2030
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Long & Short Term Facilities
13.4.4. Others
13.5. Market Value Forecast, by Country/Sub-region, 2017–2030
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Market Attractiveness Analysis
13.6.1. By Offering
13.6.2. By Application
13.6.3. By End-user
13.6.4. By Country/Sub-region
14. Middle East & Africa Healthcare ERP Market Analysis and Forecast
14.1. Introduction
14.1.1. Key Findings
14.2. Solutions
14.2.1. Cloud-based
14.2.2. On-premises
14.3. Services
14.4. Market Value Forecast, by Application, 2017–2030
14.4.1. Inventory & Material Management
14.4.2. Supply Chain & Logistics Management
14.4.3. Patient Relationship Management
14.4.4. Finance & Billing
14.4.5. Others
14.5. Market Value Forecast, by End-user, 2017–2030
14.5.1. Hospitals
14.5.2. Clinics
14.5.3. Long & Short Term Facilities
14.5.4. Others
14.6. Market Value Forecast, by Country/Sub-region, 2017–2030
14.6.1. GCC Countries
14.6.2. South Africa
14.6.3. Rest of Middle East & Africa
14.7. Market Attractiveness Analysis
14.7.1. By Offering
14.7.2. By Application
14.7.3. By End-user
14.7.4. By Country/Sub-region
15. Competition Landscape
15.1. Market Player - Competition Matrix (by tier and size of companies)
15.2. Market Share Analysis, by Company, 2020
15.3. Market Footprint Analysis
15.3.1. By Region
15.3.2. By Offering Type
15.4. Competitive Business Strategies
15.5. Company Profiles
15.5.1. Allscripts Healthcare, LLC
15.5.1.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.1.2. Company Financials
15.5.1.3. Growth Strategies
15.5.1.4. SWOT Analysis
15.5.2. Azalea Health
15.5.2.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.2.2. Company Financials
15.5.2.3. Growth Strategies
15.5.2.4. SWOT Analysis
15.5.3. CentralBOS, LLC
15.5.3.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.3.2. Company Financials
15.5.3.3. Growth Strategies
15.5.3.4. SWOT Analysis
15.5.4. CPSI
15.5.4.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.4.2. Company Financials
15.5.4.3. Growth Strategies
15.5.4.4. SWOT Analysis
15.5.5. Deskera
15.5.5.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.5.2. Company Financials
15.5.5.3. Growth Strategies
15.5.5.4. SWOT Analysis
15.5.6. Elinext Group
15.5.6.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.6.2. Company Financials
15.5.6.3. Growth Strategies
15.5.6.4. SWOT Analysis
15.5.7. Focus Softnet Pvt. Ltd.
15.5.7.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.7.2. Company Financials
15.5.7.3. Growth Strategies
15.5.7.4. SWOT Analysis
15.5.8. Infor
15.5.8.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.8.2. Company Financials
15.5.8.3. Growth Strategies
15.5.8.4. SWOT Analysis
15.5.9. Infosys Limited
15.5.9.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.9.2. Company Financials
15.5.9.3. Growth Strategies
15.5.9.4. SWOT Analysis
15.5.10. Medical Information Technology, Inc.
15.5.10.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.10.2. Company Financials
15.5.10.3. Growth Strategies
15.5.10.4. SWOT Analysis
15.5.11. Microsoft
15.5.11.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.11.2. Company Financials
15.5.11.3. Growth Strategies
15.5.11.4. SWOT Analysis
15.5.12. Oracle
15.5.12.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.12.2. Company Financials
15.5.12.3. Growth Strategies
15.5.12.4. SWOT Analysis
15.5.13. Premier
15.5.13.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.13.2. Company Financials
15.5.13.3. Growth Strategies
15.5.13.4. SWOT Analysis
15.5.14. Rootstock Software
15.5.14.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.14.2. Company Financials
15.5.14.3. Growth Strategies
15.5.14.4. SWOT Analysis
15.5.15. Sage Group plc
15.5.15.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.15.2. Company Financials
15.5.15.3. Growth Strategies
15.5.15.4. SWOT Analysis
15.5.16. SAP
15.5.16.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.16.2. Company Financials
15.5.16.3. Growth Strategies
15.5.16.4. SWOT Analysis
15.5.17. The HCI Group (Tech Mahindra Limited)
15.5.17.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.17.2. Company Financials
15.5.17.3. Growth Strategies
15.5.17.4. SWOT Analysis
15.5.18. Wipro Limited
15.5.18.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.18.2. Company Financials
15.5.18.3. Growth Strategies
15.5.18.4. SWOT Analysis
15.5.19. Workday, Inc.
15.5.19.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.19.2. Company Financials
15.5.19.3. Growth Strategies
15.5.19.4. SWOT Analysis
15.5.20. Other prominent players
15.5.20.1. Company Overview (HQ, Business Segments, Employee Strength)
15.5.20.2. Company Financials
15.5.20.3. Growth Strategies
15.5.20.4. SWOT Analysis
Cross-segment Market Size and Analysis for
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