Healthcare ERP Market Size, Share, Trends, Report By 2030

The global healthcare ERP market size is projected to reach around USD 10.04 billion by 2030, growing at a CAGR of 6.8% from 2022 to 2030.

Key Points

North America was valued at US$ 1,950.8 Million in 2021.
Asia Pacific is expected to register the fastest CAGR from 2022 to 2030.
By deployment, in 2021, the on-premises segment was valued 3,499.4 million in 2021 . However, the cloud deployment segment is growing at the fastest CAGR of 8.2% during the forecast period.
By function, in 2021, the finance and billing segment was valued 1,864.6 million. However, the inventory and material management segment is growing at the fastest CAGR of 8.4% during the forecast period.

The rising government initiatives to equip the hospitals with advanced, digital, and automated technologies are a key factor that fosters the growth of the healthcare ERP market. The healthcare ERP systems helps the healthcare administrators to offer enhanced care services to the patients by efficiently handling the backend operations such as supply chain & logistics, finance & billing, inventory management, patient relationship management.

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Moreover, the growing prevalence of chronic diseases among the global population is creating a pressure on the healthcare units to provide quick services and treatment. The various diseases such as cancer, cardiovascular disease, diabetes, and neurological disorders. The ability of the healthcare ERP systems to offer enhanced patient services by eliminating the operational or the administrative tasks is fueling the demand for the ERP systems across the healthcare sectors around the globe.

Regional Snapshot

North America dominated the global healthcare ERP market in 2020. The government initiatives to equip the hospitals with the latest and advanced digital technologies has played a prominent role in the growth of the market. Moreover, the increased prevalence of the chronic diseases among a huge portion of the US population coupled with favorable reimbursement policies and increased healthcare expenditure has fostered the access to the healthcare services, which has resulted in the increased volume of patients and increased volume of patient data. The ERP systems efficiently handles the patient database and enhances the interaction between the service providers and the patient, which has fostered the adoption of the healthcare ERP in North America.

Asia Pacific is estimated to be the most opportunistic market. The rising prevalence of chronic diseases and increasing government investments in the development of advanced healthcare infrastructure is anticipated to drive the demand for the healthcare ERP solutions in the region. Moreover, the presence of huge population and improving access to the healthcare facilities is expected to drive the adoption of the ERP systems in the healthcare sector to enhance the patient care services.

Report Highlights

Based on the function, the patient relationship management is estimated to be the fastest-growing segment. This is attributed to the quality patient care and personalized services offered by the ERP systems that boosts and enhances the interaction between t5he clinicians and patients.
Based on the deployment, the cloud is estimated to be the most opportunistic segment during the forecast period. The rising adoption of the cloud computing due to the conveniences associated with the storage, access, and transfer of the patient data over the internet is expected to boost the growth of this segment.
Based on the end user, the hospitals segment dominated the market in 2020. This is attributable to the government and corporate investments to develop smart hospitals by equipping the hospitals with the latest and advanced technologies. The healthcare ERP is extensively used in the hospitals owing to the huge number of patients and higher number of hospital admissions across the globe.

Table of Contents

Report Scope of the Healthcare ERP Market

Report Coverage	Details
Growth Rate from 2022 to 2030	CAGR of 6.8%
Market Size in 2022	USD 5.95 Billion
Market Size by 2030	USD 10.04 Billion
North America Market Share in 2021	35%
On-premise Segment Market Share in 2021	80%
Base Year	2021
Forecast Period	2022 to 2030
Segments Covered	End User, Deployment, Function, Geography

Healthcare ERP Market Dynamics

Driver

Rising prevalence of chronic diseases

According to the International Agency for Research on Cancer,around 28.4 million new cancer cases will be recorded in 2040, globally.According to the World Health Organization, the cardiovascular diseases results in around 17.9 million or 32% of the global deaths and it is a leading cause of death across the globe. As per the International Diabetes Federation, the global diabetic population is estimated to reach at 783 million by 2045. The increased prevalence of the diseases will generate huge volume of patient data along with the rising number of hospital admissions. To efficiently handle the patients and the patient-related data, the demand for the ERP systems is expected to rise in the forthcoming years.

Restraint

Lack of professional knowledge in handling the ERP systems

The lack of knowledge among the healthcare professionals in handling the healthcare ERP systems forces the healthcare units to adopt the third-party services, which results in increased cost. Thus, this is a major restraining factor that may hinder the growth of the market.

Opportunity

Rising adoption of the cloud computing

The cloud computing has gained rapid traction across the globe owing to the developed telecommunications and IT infrastructure. Moreover, the increasing penetration of the internet has fostered the adoption of the cloud computing based healthcare ERP systems that can store data on the cloud that is easily accessible through the internet.

Challenge

Data breach and cybersecurity

With rising adoption of the internet and the digital technologies, the threat of cyberattacks and data breach has significantly increased. The cyberattacks may cause a severe financial losses to the healthcare units. This is the major threat to the healthcare ERP market.

Some of the prominent players in the global healthcare ERP market include:

Microsoft Corporation
Oracle Corporation
SAP SE
McKesson Corporation
Sage Group Plc.
Infor, Inc.
Odoo
QAD, Inc.
Aptean
Epicor Software Corporation

Segments Covered in the Report

By Function

Supply Chain & Logistics
Finance & Billing
Inventory Management
Patient Relationship Management
Others

By Deployment

On Premise
Cloud

By End User

Hospitals
Clinics
Nursing Homes
Others

By Geography

North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa