Asia Pacific Healthcare ERP Market By Function (Finance and Billing, Supply Chain and Logistics Management, Inventory and Material Management, Patient Relationship Management, and Others), By Deployment (On-premises and Cloud), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Healthcare ERP Market would witness market growth of 7.8% CAGR during the forecast period (2021-2027).
Providers and developers are consistently willing to combine artificial intelligence algorithms into ERP systems for several applications like tailored patient engagement and data insights. Some of the benefits of utilizing AI-integrated ERP systems are next-generation data processing capabilities and data analytics for better decision-making. Moreover, these systems can be utilized in forecasting, performance evaluation, warehouse management, financial management, and sales & marketing automation.
The rising disposable income of the customers in developing nations like India and China has encouraged the people living in these countries to increase their healthcare spending by opting for better treatment options. In addition, the rising technological advancements in the healthcare system of this region are opening lucrative opportunities for the key market players to enter and prosper in the region. Governments of many nations are putting more effort into creating a robust healthcare system along with promoting the usage of advanced technologies among the customers which would propel the growth of the regional market during the forecasting years.
The China market dominated the Asia Pacific Healthcare ERP Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $645.8 million by 2027. The India market is poised to grow at a CAGR of 8.8% during (2021 - 2027). Additionally, The Japan market would exhibit a CAGR of 8.8% during (2021 - 2027).
Based on Function, the market is segmented into Finance and Billing, Supply Chain and Logistics Management, Inventory and Material Management, Patient Relationship Management, and Others. Based on Deployment, the market is segmented into On-premises and Cloud. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Oracle Corporation, SAP SE, McKesson Corporation, Sage Group Plc., Infor, Inc. (Koch Industries), Odoo, QAD, Inc. (Thoma Bravo), Aptean (Vista Equity Partners), and Epicor Software Corporation.
Scope of the Study
Market Segments Covered in the Report:
- Finance and Billing
- Supply Chain and Logistics Management
- Inventory and Material Management
- Patient Relationship Management
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- McKesson Corporation
- Sage Group plc
- Infor, Inc. (Koch Industries)
- QAD, Inc. (Thoma Bravo)
- Aptean (Vista Equity Partners)
- Epicor Software Corporation
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