The U.S. healthcare ERP market size is estimated to be USD
2.1 billion by 2025, growing at a CAGR of 5.6% over the forecast period, 2019
to 2025, as per a new report by Million Insights. Owing to the growing digitalization
in healthcare across the U.S., a huge
volume of data is generated. ERP software helps healthcare service providers to
better manage the data and draw actionable insights from them. Further,
increasing burden of payment processing, insurance along with other information
of several newly-enrolled people is estimated to drive the deployment for ERP
software in healthcare.
Cloud adoption has further
bolstered the ERP deployment. Further, the advent of hybrid systems has
encouraged healthcare service providers to adopt ERP solution. Hybrid system
supports both on-premise and cloud deployment along with offering agility,
data-security and cost-effectiveness. Owing to these benefits offered by the
hybrid system, cloud adoption is estimated to gain traction across the U.S.
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Key players in the U.S.
healthcare ERP market are focusing on increasing their dominance and gain
competitive advantages over their peers. They are emphasizing on strategic
partnerships and licensing as several strategic initiatives. Key players such
as Nuvolo, SAP SE and Microsoft Corporation are focusing on introducing new ERP
solution for healthcare along with adding new features to their existing
system. Additionally, healthcare provides are mulling over replacing old legacy
systems with innovative technologies.
Further key findings from
the report suggest:
• The PRM system is projected
to be the fastest growing over the forecast period as it is becoming tough for
healthcare providers to strengthen their relationships with patients.
• The integration of
healthcare ERP and AI has led personalized care for the patient.
• Various government
initiatives aimed at improving healthcare facilities are predicted to boost the
demand for ERP solution in the U.S.
• Leading companies
operating in the market are Sage Software Solution Pvt. Ltd, Epicore Softcare,
Microsoft Corporation, QAD Inc., Infor and Oracle Corporation among others.
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