In terms of function, the finance and billing segment dominated the market in 2020, owing to the need to lower barriers between front-end revenue cycle management processes and back-end activities The healthcare enterprise resource planning market growth can be attributed to the growing digitalization of business processes to streamline workflows North America dominated the market in 2020 due to rising adoption rates of advanced ERP systems and the emergence of AI-empowered solutions, coupled with infrastructure development.Īsia Pacific is expected to register a significant growth rate over the forecast period owing to the emergence of start-ups providing AI-powered ERP systems, growing public and private partnerships to promote healthcare IT infrastructure, and availability of an economical high-skilled workforce. The cloud deployment segment is expected to grow lucratively over the forecast period owing to the growth of cloud computing and improved accessibility of the internet. The on-premises deployment segment dominated the market in 2020 due to minimizing costs and ease of access. The inventory and material management segment is expected to grow significantly over the forecast period due to the feature of real-time access to manufacturing and supply chain management. The finance and billing function segment dominated the market in 2020 owing to the growing need to amalgamate the front-end revenue cycle management processes, such as patient access, with back-end activities such as claims management.
During the pandemic, several businesses began adopting ERP systems to automate and digitalize their business processes and streamline their workflows to enhance their productivity and efficiency. The COVID-19 pandemic exposed the shortcomings of the existing systems adopted by healthcare organizations. Seamless access to centralized data from remote locations improves the functioning and data management of the organization. The growing demand for ERP systems from small and medium businesses to enhance business processes and outcomes are driving the market.
ADVANCED CARE SYSTEM 10.3 KEY MANUAL
The rising awareness regarding benefits associated with adopting ERP systems, such as high-quality care delivery solutions, eliminating back-end manual activities, and minimizing operational expenses, contribute to the healthcare enterprise resource planning market growth. Healthcare organizations are under pressure to adopt technological solutions to curb the rising expenditures, ineffective hospital service management, rising workforce shortage, and growing patient population. The global healthcare ERP market size is expected to reach USD 10.3 billion by 2028 and is expected to expand at a CAGR of 6.6% from 2021 to 2028
DUBLIN-( BUSINESS WIRE)-The "Global Healthcare ERP Market 2021 - 2028" report has been added to 's offering.
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