The Healthcare Workforce Management Systems Market Size was valued at USD 1.77 billion in 2022, and is expected to reach USD 4.79 billion by 2030, and grow at a CAGR of 13.2% over the forecast period 2023-2030.
Systems for managing and keeping a productive staff in healthcare organisations are offered by these systems. Software and services for workforce management, cost management, and employee engagement are included in these offerings. Additionally, it provides advantages including lower labour costs and workplace regulations.
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Healthcare workforce management systems are a procedure used by the industry that improves performance and offers services to the healthcare company. These solutions include tools and services for managing the workforce, costs, and employee engagement. In order to address management difficulties, a variety of healthcare organisations and institutions are implementing healthcare workforce management systems. everything from keeping top talent to monitoring patient progress It also provides advantages like labour cost reduction and workplace regulations.
DRIVERS
Increasing need to control healthcare costs through efficient workforce management
The United States market for healthcare workforce management systems will grow as a result of healthcare industry consolidation.
Increasing Need for Workforce Management Systems to Manage Regulatory Compliance
RESTRAINTS
The market for healthcare workforce management systems would see growth restraints due to data security issues.
Workforce Management Systems Can't Be More Widely Adopted Due to High Deployment Costs
OPPORTUNITIES
Increasing Competition to Encourage Workforce Optimization in the Healthcare Sector
World-wide Rise in the Demand for Healthcare Workers
CHALLENGES
High prices related to the software
The COVID-19 outbreak had a significant impact on the healthcare sector. However, it had a favourable impact on the market for hospital personnel management software. The government enacted harsh social isolation and lockdown regulations to contain the COVID-19 outbreak. More employees began working remotely as a result, and businesses now depend heavily on remote workforce management software since it can help with efficient remote worker management. At COVID-19, the significance of WFM solutions was emphasized across a variety of industries, but especially in the context of healthcare workers.
Solution markets, delivery methods, and end users are used to segment the global healthcare workforce management systems market. The workforce management industry is segmented into a software market and a service market based on solutions. Standalone software and integrated software make up the software market. Standalone solution categories include time and attendance, scheduling, talent management, human resources and payroll, analytics and more. Implementation, support, optimization and education/training services are all included in the workforce management services market. Additionally, the market is segmented by end-user into hospitals, nursing homes, assisted living facilities, long-term care facilities, and other healthcare facilities. In addition, the market is divided into three categories by delivery method: on-premises, web, and cloud.
By Solution Type
Software
Services
By Mode of Delivery
Cloud-based
On-premise
By End User
Hospitals
Nursing Homes, Assisted Living, and Long-term Care Centers
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With more people becoming aware of effective labour management solutions for the healthcare industry, North America is anticipated to dominate the global market for healthcare workforce management systems. The market is expected to expand because of the region's rapid technological advancement and growth. As the region's ageing population is anticipated to grow, using healthcare workforce management systems will be necessary to provide efficient healthcare solutions. As a result, Europe is predicted to lag behind North America in this area.
REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major key players are ADP, LLC., Cornerstone OnDemand, Inc., General Electric Company, Kronos Incorporated, McKesson Corporation, Time ware Solutions, Inc., SAP AG, Workday, Inc. and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 1.77 Billion |
| Market Size by 2030 | US$ 4.79 Billion |
| CAGR | CAGR of 13.2% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Solution Type (Software, Services) • By Mode of Delivery (Cloud-based, On-premise) • By End User (Hospitals, Nursing Homes, Assisted Living, and Long-term Care Centers) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | ADP, LLC., Cornerstone OnDemand, Inc., General Electric Company, Kronos Incorporated, McKesson Corporation, Time ware Solutions, Inc., SAP AG, Workday, Inc. |
| DRIVERS | • Increasing need to control healthcare costs through efficient workforce management • The United States market for healthcare workforce management systems will grow as a result of healthcare industry consolidation. • Increasing Need for Workforce Management Systems to Manage Regulatory Compliance |
| RESTRAINTS | • The market for healthcare workforce management systems would see growth restraints due to data security issues. • Workforce Management Systems Can't Be More • Widely Adopted Due to High Deployment Costs |
Ans: The Healthcare Workforce Management Systems Market Size was valued at US$ 1.77 billion in 2022.
Ans: The Healthcare Workforce Management Systems Market is growing at a CAGR of 12.38% over the forecast period 2023-2030.
ADP, LLC., Cornerstone OnDemand, Inc., General Electric Company, Kronos Incorporated, McKesson Corporation, are the key players of Healthcare Workforce Management Systems market
North America is anticipated to dominate the global market for healthcare workforce management systems.
The United States market for healthcare workforce management systems will grow as a result of healthcare industry consolidation, and Increasing Need for Workforce Management Systems to Manage Regulatory Compliance are the key drivers of the Healthcare Workforce Management Systems market
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Healthcare Workforce Management Systems Market Segmentation, By Solution Type
8.1 Software
8.2 Services
9. Healthcare Workforce Management Systems Market Segmentation, By Mode of Delivery
9.1 Cloud-based
9.2 On-premise
10. Healthcare Workforce Management Systems Market Segmentation, By End User
10.1 Hospitals
10.2 Nursing Homes, Assisted Living, and Long-term Care Centers
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 ADP, LLC.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Cornerstone OnDemand, Inc.
12.3 General Electric Company
12.4 Kronos Incorporated
12.5 McKesson Corporation
12.6 Time ware Solutions, Inc.
12.7 SAP AG
12.8 Workday, Inc.
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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