DUBLIN, January 11, 2022–(BUSINESS WIRE)–The "Global Healthcare ERP Market By Function, By Deployment, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Healthcare ERP Market size is expected to reach $9,399.8 million by 2027, rising at a market growth of 6.5% CAGR during the forecast period.
Companies Mentioned
Microsoft Corporation
Oracle Corporation
SAP SE
McKesson Corporation
Sage Group plc
Infor, Inc. (Koch Industries)
Odoo
QAD, Inc. (Thoma Bravo)
Aptean (Vista Equity Partners)
Epicor Software Corporation
Healthcare facilities and firms are highly embracing cloud-based ERP systems because of the various advantages related to them, like minimum ownership cost, low availability of in-house technical expertise, agile and flexible infrastructure capacity, less capital requirement, and constant upgrades. As on-premises systems need massive capital expenditure and a significant cost, small and medium companies are highly embracing cloud-based ERP systems.
The rise in deployment of ERP systems among small and medium businesses is boosting 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.
COVID-19 Impact Analysis
The functioning of global healthcare systems has been severely challenged by the outbreak of the COVID-19 pandemic. The pandemic has put immense pressure on the workforce, highlighted limitations of current systems, and hampered the supply & demand cycles. With the drastic and rising transition towards remote healthcare and teleworking, companies are embracing cloud services to effortlessly access data, automate inventory and supply chain management functions, simplify the workflow, and enhance the financial & clinical outcomes of the industry.
During the COVID-19 outbreak, numerous hospitals were willing to go live with their ERP. The adoption of ERP solutions has supported the supply chain of CentraCare's, thereby placing the company in a better position to handle and manage the global pandemic.
Market Growth Factors:
Increasing need for Data Integration
These systems enable companies to integrate data collected from human resources, supply chain cycles, manufacturing & inventories, and finances & accounting, and optimize back-end processes like payroll management, inventory management, and account management. Moreover, pharmacies and laboratories have started to embrace ERP systems for inventory management, accounts, purchase, point-of-sale profile, and selling.
Rising awareness about the advantages of Healthcare ERP
The rise in the installation rate of ERP systems among small and medium businesses is boosting demand for these systems to bring down operational costs and improve functional outcomes. Standardized patient data enables streamlined access from remote locations to enhance patient acquisition and patient management techniques. Healthcare facilities and firms are highly embracing cloud-based ERP systems because of the various advantages related to them, like minimum ownership cost, low availability of in-house technical expertise, agile and flexible infrastructure capacity, less capital requirement, and constant upgrades.
Marketing Restraining Factor:
Absence of well-skilled professionals
The management of Healthcare ERP solutions needs many well-skilled employees and staff. On the other hand, the absence of proficient experts and staff has been a major obstacle barrier to the adoption of healthcare ERP solutions in the market. In addition, the healthcare ERP software and solutions must be regularly updated due to technological advancements. Additionally, data security is expected to become difficult as these systems collect data from various processes, computers, and networks that are highly susceptible to being hacked.
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis – Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Business Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2018, Apr – 2021, Jul) Leading Players
Chapter 4. Global Healthcare ERP Market by Function
Chapter 5. Global Healthcare ERP Market by Deployment
Chapter 6. Global Healthcare ERP Market by Region
Chapter 7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/53gw5t
View source version on businesswire.com: https://www.businesswire.com/news/home/20220111005787/en/
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Yahoo Finance's Dan Howley breaks down Nvidia's quarterly earnings report.
Mark Zuckerberg wants to completely cut off all ties between Facebook and the controversies that have marked the daily life of the social media giant over the past five years. This attempt at purification began last October when he changed Facebook's name to Meta and imposed the concept of metaverse in conversations and business circles. Zuckerberg now wants Facebook employees to be called 'Metamates'.
The stock market appears to be making a transition in these first few months of 2022, from last year’s bullish trend to a slower pace of growth this year. Headwinds are mounting – the pandemic is stubbornly persistent, inflation is high and trending higher, the Fed is getting set to raise interest rates in response, the list goes on – and so it’s natural for retail investors and experts alike to go looking for investing advice. And one source of advice is the circle of market gurus, the hedge fu
2022 has started out with a marked increase in market volatility, accompanied by a sharp reversal of last year’s bullish trend. The sudden correction, and the shift to a more downbeat investor sentiment, are generally attributed to a series of increased risk factors. On the international front, these tensions include geopolitical tensions on the Russia-Ukraine border and around China’s belligerence. Domestically, factors impacting the markets include the inflation that is both high and rising; a
(Bloomberg) — Nvidia Corp., which walked away from a $40 billion acquisition of Arm Ltd. earlier this month, failed to impress investors with its latest forecast, a sign of the lofty expectations for the most valuable U.S. chipmaker.Most Read from BloombergStocks Edge Higher With Fed Hiking Bets Steady: Markets WrapHong Kong to Test Whole City for Covid With Beijing’s HelpJho Low’s Wild Nights on Display: $250,000 for DiCaprio, FoxFed Eyes Rate Hike Soon and Faster Tightening Pace If NeededMone
QuantumScape reported fourth-quarter results Wednesday evening. The pre-sales company said it met all of its 2021 goals.
Yahoo Finance's Jared Blikre examines the after-hour action surrounding tech manufacturer Cisco Systems after beating earnings and revenue estimates.
Nvidia reported its Q4 earnings on Wednesday, beating analysts' estimates.
Discover the best Vanguard funds via the Morningstar rating system. Learn more about three funds that have five-star ratings from Morningstar here.
Upstart Holdings (NASDAQ: UPST) stock was up an astounding 30% this afternoon, thanks to better-than-expected results in the company's fourth quarter. Upstart's share price surge today shows that lots of investors are bullish on the company right now, but are they right to be so optimistic? First of all, Upstart's revenue increase was phenomenal.
The race is on to add dividends to stock portfolios. But investors are still being picky in the S&P 500 — and know what they're looking for.
The content delivery network operator saw its shares tumble 26% in late trading after its outlook disappointed investors.
Nvidia said revenue jumped 53% in its fiscal fourth quarter to $7.64 billion. The company is projecting better-than-expected results for the current quarter, as well.
In this post, we will take a look at ten growth stocks from the semiconductor industry. If you want to skip our introduction and jump straight to the top five stocks, then head on over to 5 Semiconductor Stocks With Growth Potential. The semiconductor industry is one of the hottest topics in the technology sector […]
PayPal is the largest digital platform that provides money transfer services. The fast-growing company remains one of the high-profile stocks in today's stock market. But is PayPal stock a buy in the current stock market rally? PayPal boasts a consistent track record of earnings and sales growth, stretching back to at least 2010.
Need help getting out of student loan debt or other debt? Answer: Though this issue likely seems insurmountable, and you’re scared about what happens when your student loan payments may resume in May, don’t panic: You’re already doing some things right, like getting on the income-based repayment program, which no doubt, has lowered your payments already. Anna Helhoski, student loan expert at NerdWallet, advises that you “stay on it,” adding that “after 20 or 25 years, depending on your debt, your loans will be forgiven.”
Yahoo Finance Editor-in-Chief Andy Serwer details several takeaways from Daily Journal Chairman Charlie Munger's shareholders' meeting, including his statements on inflation, the tech sector, and crude oil.
Berkshire Hathaway bought Activision Blizzard before Microsoft swooped in. Not all "Warren Buffett stocks" are actually his picks.
The stock market is often an exercise in reverse psychology. When a stock goes up, investors instinctively want to get a piece of the action. Likewise, when a stock drifts to the bottom, the natural inclination is to run away. But any investor worth their salt knows they need to battle against those natural impulses as the bottom is often the most appealing starting point; because it is from there that the real gains are made. Of course, not any stock lying in the doldrums is worth picking up, t
(Bloomberg) — Stocks were mixed on Thursday as traders weighed geopolitical developments in Ukraine and a flurry of corporate earnings.Most Read from BloombergStocks Edge Higher With Fed Hiking Bets Steady: Markets WrapHong Kong to Test Whole City for Covid With Beijing’s HelpJho Low’s Wild Nights on Display: $250,000 for DiCaprio, FoxFed Eyes Rate Hike Soon and Faster Tightening Pace If NeededMoney That Won Melania Trump NFT Came From Melania Trump WalletThe Stoxx 600 Index steadied after reve
