Cloud Computing Segment Is Fastest Growing In The Global Healthcare Erp Market
Market Overview:
Healthcare ERP solutions help to manage finance, supply chain, operations, and
billing activities in healthcare organizations. It provides real-time
visibility into business operations, allowing healthcare administrators to make
datadriven decisions to improve business processes.
Market key trends:
One of the key trends in the healthcare ERP market is the growing adoption of
cloud-based ERP systems. Cloud computing offers various advantages like no
upfront infrastructure cost, scalability, easy updates & upgrades, and
increased collaboration. Moreover, cloud deployment makes ERP systems more
affordable for small and medium healthcare organizations. This is expected to
drive the demand for cloud-based healthcare ERP solutions during the forecast
period.
Segment Analysis
Healthcare ERP market is segmented based on component, deployment model, end
user and geography. By component, the market is segmented into software and
services. Services segment currently dominates the market due to continuous
requirement of support, maintenance and upgradation.
Key Takeaways
Global
Healthcare ERP Market Size is expected to witness high growth, exhibiting
CAGR of 6.8% over the forecast
period, due to increasing need for healthcare data integration and streamlining
of workflows.
Regional analysis
North America dominates the global Healthcare ERP market currently due to
strict regulations regarding patient data safety in the region and high
healthcare expenditure. Asia Pacific is expected to grow at the fastest rate
during the forecast period owing to increasing investments in healthcare
infrastructure and growing medical tourism industry.
Key players
Key players operating in the Healthcare ERP are BNP Paribas, CVS Health, Aviva,
Allianz, Humana, Cigna, Aetna, Wellcare Health Plans Inc., UnitedHealth Group
Inc., and Nippon Life Insurance Company, among others. These players are
focused on developing advanced solutions to enhance workflow efficiency in
healthcare organizations.
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