North America 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 North America Healthcare ERP Market would witness market growth of 5.8% CAGR during the forecast period (2021-2027).
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.
These systems enable healthcare sector 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.
The healthcare industry is one of the highly regulated industries of the US because of the privacy and security concerns related to digital patient records. Moreover, the existence of key market players in the region is likely to create bright prospects for the healthcare ERP solutions in the regional market. The healthcare infrastructure in different countries is constantly upgrading and becoming robust wherein healthcare ERP plays a crucial role. Hence, these factors are anticipated to fuel the growth of the regional market during the forecasting period.
The US market dominated the North America Healthcare ERP Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,425.9 million by 2027. The Canada market is estimated to grow a CAGR of 8.2% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 7.2% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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