Global Healthcare Enterprise Software Market Analysis By Type Of Software (Patient Registration Software, Inventory Management Software, Scheduling Software, OT Management Software, Laboratory Management Software, HR Management Software, Billing), By Mode Of Delivery (On-Premise And Cloud Based), By Application (Clinical, Non-Clinical), By End Users (Hospitals, Clinics, Pharmacy) – Forecast Till 2023
Healthcare Enterprise Software Market Analysis
The global healthcare enterprise software market is predicted to grow at a 15.7% CAGR over the forecast period (2017-2023), according to the new Market Research Future (MRFR) report. Healthcare enterprise software is utilized by hospitals for managing both non-clinical and clinical data alike. Such software aid in maintaining patient records electronically for easy retrieval and storage. Besides, they also help in managing, securing, and analyzing information in the healthcare environment. The specialty of healthcare enterprise software is that a huge amount of data can be stored in it, which means there is no stress of handling bulks of manual records.
Various factors are propelling the healthcare enterprise software market growth. These factors, as per the MRFR report, include rising global competition, increasing software solutions for healthcare management, the launch of new software services, innovations and advancements in technology, and entry of new industry players. Additional factors pushing market growth include focus on electronic health records, stringent rules pertaining to patient information management, rising number of enterprises, government funding for healthcare interoperability, rising focus on patient-centric care delivery, and need to curb rising healthcare costs.
On the contrary, lack of awareness, lack of skilled IT professionals, high maintenance and installation cost, and bundling of software by vendors are factors that may deter the healthcare enterprise software market growth over the forecast period.
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Healthcare Enterprise Software Market Key Players
Leading players profiled in the global healthcare enterprise software market report include Medidata Solutions (US), Cerner Corporations (US), CompuGroup (UK), Athenahealth (US), McKesson Corporation (US), Cognizant Technology Solutions Corporation (US), Allscripts Healthcare Solutions (US), Infosys Ltd. (US), IBM Corporation (US), and Microsoft Corporation (US).
Healthcare Enterprise Software Market Segmentation
The Market Research Future report provides a wide segmental analysis of the healthcare enterprise software market based on software types, mode of delivery, application, and end users.
Based on software type, the healthcare enterprise software market is segmented into HR management software, OT management software, scheduling software, patient registration software, laboratory management software, inventory management software, and others.
By mode of delivery, the healthcare enterprise software market is segmented into cloud-based and on-premise.
Based on application, the healthcare enterprise software market is segmented into non-clinical applications and clinical applications.
By end users, the healthcare enterprise software market is segmented into clinics, pharmacy, hospitals, and others.
Healthcare Enterprise Software Market Regional Analysis
Based on the region, the healthcare enterprise software market report covers the latest trends and growth opportunities across Europe, the Americas, the Asia Pacific, and the Middle East and Africa. Of these, the Americas will command the market over the forecast period. This is owing to the burgeoning need for software solutions to manage patients’ medical records, increasing adoption of IT in hospitals, the growing significance of electronic health records, extensive usage of software solutions in healthcare management, and use of electronic records over manual records. The US is the key contributor in this region owing to the presence of key players such as Microsoft Corporation and IBM Corporation. Moreover, technological advancements, easy adoption of IT in healthcare, and awareness among patients about the significance of medical records as well as its legal applications, are also boosting the market growth.
The healthcare enterprise software market in Europe is predicted to have the second-largest share in the market over the forecast period. This is owing to the rising adoption of IT for healthcare management.
The healthcare enterprise software market in the APAC region is predicted to grow at the fastest pace over the forecast period. This is owing to growing awareness about healthcare enterprise software, replacement of manual records with electronic records, healthcare demand outreaching supplies, population growth, and rising disease burden.
The healthcare enterprise software market in the MEA is predicted to have a steady growth over the forecast period.
Healthcare Enterprise Software Industry Update
April 2019: Leading behavioral health enterprise software company Credible in association with leading human service and health provider OPEN MINDS have introduced the EHR Best Practices Community, a new online community for improving the quality of care in behavioral health.
TABLE OF CONTENTS
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH:
3 MARKET DYNAMICS
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 THREAT OF SUBSTITUTES
4.6 INTENSITY OF RIVALRY
5. GLOBAL HEALTHCARE ENTERPRISE SOFTWARE MARKET, BY APPLICATION
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