The Healthcare ERP Consulting Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Healthcare ERP Consulting Services Global Market Report 2024, The healthcare erp consulting services market size has grown rapidly in recent years. It will grow from $4.96 billion in 2023 to $5.54 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to increased integrated data, improved cost control, administrative efficiency, workflow automation, integration of electronic health records .
The healthcare erp consulting services market size is expected to see rapid growth in the next few years. It will grow to $8.41 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to value-based care models, telehealth expansion, cybersecurity and data protection, sustainability and environmental impact, pandemic preparedness. Major trends in the forecast period include digital transformation roadmaps, cloud-based erp solutions, data analytics integration, patient engagement solutions, ai and machine learning in erp.
The increase in adoption of ERP systems is expected to propel the growth of the healthcare ERP consulting services market going forward. ERP systems refer to software and systems that are used to plan and manage an organization’s fundamental supply chain, manufacturing, services, finance, and other functions. Healthcare organisations are using the ERP solution to its full potential and leveraging it to increase productivity and efficiency to make crucial decisions for better healthcare consulting outcomes. For instance, in September 2023, according to a report published by Software Connect, a US-based software company, the interest in cloud-based ERP systems surged to 42% in the year 2022. The software purchasing process is most often initiated by company owners and C-suite executives, representing 50.8% of the cases. Therefore, the adoption of an ERP system is driving the growth of the healthcare ERP consulting services market.
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The healthcare erp consulting services market covered in this report is segmented –
1) By Functionality: Implementation, Training And Education, Other Functionality
2) By Deployment: On Premise, Cloud
3) By End-User: Life Science Companies, Healthcare Providers, Other End-Users
Product innovation is a key trend gaining popularity in the healthcare ERP consulting services market. Major companies operating in the healthcare ERP consulting services market are focused on developing new product innovation solutions to strengthen their position. For instance, in October 2021, Cerner, a US-based healthcare company that includes ERP consulting services, launched Cerner RevElateTM, the company’s go-forward patient accounting product that will bring enhanced capabilities to the Cerner revenue cycle management portfolio. Cerner RevElateis a result of Cerner’s investment in advancing patient accounting capabilities and enterprise-wide technology optimization in an effort to best align Cerner’s powerful research and development resources with those solutions needed by caregivers around the world. It will reduce complexity by managing data and workflows that scale for large health systems and influence clinical, billing, and payer workflows.
Major Players:
The healthcare erp consulting services market report table of contents includes:
1. Executive Summary
2. Healthcare ERP Consulting Market Characteristics
3. Healthcare ERP Consulting Market Trends And Strategies
4. Healthcare ERP Consulting Market – Macro Economic Scenario
5. Global Healthcare ERP Consulting Market Size and Growth
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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