The Europe Healthcare ERP Market would witness market growth of 6.2% CAGR during the forecast period (2021-2027).
Healthcare facilities are becoming highly aware of the advantages related to these modern technological solutions, like providing high-quality patient care, decreasing operational costs, and reducing data siloes in back-end operations, thereby creating bright growth prospects for the companies operating in the healthcare ERP market. Cloud-based systems do not need upfront investment and work on the concept of recurring fees. Hospitals are embracing these solutions in order to minimize financial data siloes, monitor profits, manage ledgers, and manage fixed assets, multi-currency management, risk management, reporting, and tax management.
There are numerous initiatives taken by the government across the region for streamlining and securing healthcare facilities, which is anticipated to spur the growth & demand for healthcare cyber security solutions in the regional market. Moreover, the growing need for data integration and streamlined management have spurred the demand for healthcare ERP solutions in the regional market. Furthermore, many countries in this region have set aside a particular budget to upgrade their healthcare infrastructure which is expected to create lucrative growth opportunities for the players operating in the regional market.
The Germany market dominated the Europe Healthcare ERP Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $670.3 million by 2027. The UK market is anticipated to grow a CAGR of 5.1% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 7.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Healthcare ERP Market Size will Hit $9,399.8 million by 2027, at a CAGR of 6.5%
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.
By Function
By Deployment
By Country
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