Healthcare ERP Market is Likely to Expand at CAGR of 6.5% During Forecast Period, Says TMR Study – EIN News

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/EIN News/ — ALBANY, N.Y., April 28, 2022 (GLOBE NEWSWIRE) — The value of the global healthcare ERP market was clocked at US$ 4.8 Bn in 2020. The global market is likely to develop at a CAGR of 6.5% during the forecast period, from 2021 to 2031. The global healthcare ERP market is anticipated to attain valuation of US$ 9.6 Bn by 2031. The market is expected to rise due to the increase in ERP adoption at hospitals in order to cope with massive volumes of patient data obtained through digital resources.
Healthcare enterprise resource planning or ERP has now become a critical component of the global healthcare system. The rising utilization of ERP systems by healthcare professionals is likely to drive usage of these systems to reduce operational costs and enhance patient outcomes.
Several healthcare institutions throughout the world, including hospitals, clinics, and emergency rooms, have been looking for ways to incorporate ERP systems so as to improve operational efficiencies. Such developments are likely to drive the global healthcare ERP market with regard to reliable information concerning cost optimization, key performance indicators (KPIs), and streamlined back-end operations. In developing countries, the integration of ERP with healthcare IT infrastructure has enabled participants in the healthcare business to transform their IT systems.
Due to improved facilities and services offered by hospitals in Europe, the region is likely to become one of the leading markets for healthcare ERP in the years to come.
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Global Healthcare ERP Market: Segmentation
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