Market Overview:
The global healthcare workforce management system market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for healthcare services, rising labor costs, and the need for improved patient care. The global healthcare workforce management system market is segmented on the basis of type into software, hardware, and service. The software segment is expected to account for the largest share of the global healthcare workforce management system market in 2018. This can be attributed to the growing demand for cloud-based solutions and their ability to improve operational efficiency. On the basis of application, payroll, staffing and scheduling, time and attendance, patient classification analytics are some of the key segments considered in this study.
Product Definition:
Healthcare Workforce Management System is a software application that enables the healthcare organization to manage their employee workforce more effectively and efficiently. By using this system, the healthcare organization can track employee performance, identify potential issues and make necessary changes to improve productivity. Additionally, the system allows managers to better allocate resources by identifying staff shortages and surplus.
Software:
Software, its usage and growth factor in healthcare workforce management system market is expected to grow at a CAGR of XX% during the forecast period. The global software industry was valued at USD 288 billion in 2015 and is anticipated to witness significant growth owing to growing demand for IT applications across different verticals such as BFSI, retail, government & defense sectors.
Hardware:
Hardware and it's usage in Healthcare Workforce Management System market is used by healthcare organizations to streamline their work processes. It helps them to store, search, analyze & communicate data which is used for making decisions related to patient care management. The system provides a platform for integrating workforce information and tools into one easy-to-use interface that can be accessed from any location.
Application Insights:
The payroll segment dominated the global healthcare workforce management system market in 2017. This can be attributed to the increasing demand for time and attendance as well as labor budgeting solutions. The need for accurate payroll processing is essential, especially in large organizations with a high number of employees, contractors, and vendors. The growing complexity of employment laws across various regions is also driving the demand for robust healthcare workforce management systems that can assist organizations to comply with these regulations easily.
The analytics segment is expected to register a significant CAGR over the forecast period owing to rising adoption of data-driven decisions in several aspects of clinical operations including resource Allocation & Distribution (A&D), patient care scheduling,.
Regional Analysis:
North America dominated the global market in 2017. The presence of sophisticated healthcare infrastructure, high adoption rate of advanced technologies coupled with the strong foothold of major market players such as McKesson Corporation; Optum Inc.; and Cognizant have contributed to its growth. Furthermore, rising demand for cost-effective solutions is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare services at a lower price and increasing government spending on healthcare IT systems in order to improve patient care outcomes and reduce hospital readmissions rates are anticipated boost regional demand for HCWMSs. Moreover, growing penetration of mobileHCWMSs due their portability across various hospitals & clinics will further fuel their adoption rate in this region.
Growth Factors:
- Increasing demand for healthcare services due to population growth and aging population
- Rising incidence of chronic diseases and lifestyle-related disorders
- Technological advancements in healthcare delivery systems
- Growing emphasis on preventive care and wellness programs
- Increased focus on value-based care
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Workforce Management System Market Research Report
By Type
Software, Hardware, Service
By Application
Payroll, Staffing and Scheduling, Time and Attendance, Patient Classification, Analytics
By Companies
Kronos, Infor, Oracle, GE Healthcare (Api Healthcare), McKesson, Allocate Software, SAP, Cornerstone Ondemand, Workday, Timeware
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Workforce Management System Market Report Segments:
The global Healthcare Workforce Management System market is segmented on the basis of:
Types
Software, Hardware, Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Payroll, Staffing and Scheduling, Time and Attendance, Patient Classification, Analytics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kronos
- Infor
- Oracle
- GE Healthcare (Api Healthcare)
- McKesson
- Allocate Software
- SAP
- Cornerstone Ondemand
- Workday
- Timeware
Highlights of The Healthcare Workforce Management System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Hardware
- Service
- By Application:
- Payroll
- Staffing and Scheduling
- Time and Attendance
- Patient Classification
- Analytics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Healthcare Workforce Management System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A healthcare workforce management system (HWMS) is a computer-based system used to manage the staffing and resources of healthcare organizations. It includes features such as employee tracking, scheduling, payroll, and performance appraisal. A HWMS can help hospitals avoid costly mistakes made in past staffing decisions by providing accurate information on staff availability and skills.
Some of the major companies in the healthcare workforce management system market are Kronos, Infor, Oracle, GE Healthcare (Api Healthcare), McKesson, Allocate Software, SAP, Cornerstone Ondemand, Workday, Timeware.
The healthcare workforce management system market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Healthcare Workforce Management System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Healthcare Workforce Management System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Healthcare Workforce Management System Market - Supply Chain
4.5. Global Healthcare Workforce Management System Market Forecast
4.5.1. Healthcare Workforce Management System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Healthcare Workforce Management System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Healthcare Workforce Management System Market Absolute $ Opportunity
5. Global Healthcare Workforce Management System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Healthcare Workforce Management System Market Size and Volume Forecast by Type
5.3.1. Software
5.3.2. Hardware
5.3.3. Service
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Healthcare Workforce Management System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Healthcare Workforce Management System Market Size and Volume Forecast by Application
6.3.1. Payroll
6.3.2. Staffing and Scheduling
6.3.3. Time and Attendance
6.3.4. Patient Classification
6.3.5. Analytics
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Healthcare Workforce Management System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Healthcare Workforce Management System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Healthcare Workforce Management System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Healthcare Workforce Management System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Healthcare Workforce Management System Demand Share Forecast, 2019-2026
9. North America Healthcare Workforce Management System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Healthcare Workforce Management System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Healthcare Workforce Management System Market Size and Volume Forecast by Application
9.4.1. Payroll
9.4.2. Staffing and Scheduling
9.4.3. Time and Attendance
9.4.4. Patient Classification
9.4.5. Analytics
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Healthcare Workforce Management System Market Size and Volume Forecast by Type
9.7.1. Software
9.7.2. Hardware
9.7.3. Service
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Healthcare Workforce Management System Demand Share Forecast, 2019-2026
10. Latin America Healthcare Workforce Management System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Healthcare Workforce Management System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Healthcare Workforce Management System Market Size and Volume Forecast by Application
10.4.1. Payroll
10.4.2. Staffing and Scheduling
10.4.3. Time and Attendance
10.4.4. Patient Classification
10.4.5. Analytics
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Healthcare Workforce Management System Market Size and Volume Forecast by Type
10.7.1. Software
10.7.2. Hardware
10.7.3. Service
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Healthcare Workforce Management System Demand Share Forecast, 2019-2026
11. Europe Healthcare Workforce Management System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Healthcare Workforce Management System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Healthcare Workforce Management System Market Size and Volume Forecast by Application
11.4.1. Payroll
11.4.2. Staffing and Scheduling
11.4.3. Time and Attendance
11.4.4. Patient Classification
11.4.5. Analytics
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Healthcare Workforce Management System Market Size and Volume Forecast by Type
11.7.1. Software
11.7.2. Hardware
11.7.3. Service
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Healthcare Workforce Management System Demand Share, 2019-2026
12. Asia Pacific Healthcare Workforce Management System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Healthcare Workforce Management System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Healthcare Workforce Management System Market Size and Volume Forecast by Application
12.4.1. Payroll
12.4.2. Staffing and Scheduling
12.4.3. Time and Attendance
12.4.4. Patient Classification
12.4.5. Analytics
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Healthcare Workforce Management System Market Size and Volume Forecast by Type
12.7.1. Software
12.7.2. Hardware
12.7.3. Service
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Healthcare Workforce Management System Demand Share, 2019-2026
13. Middle East & Africa Healthcare Workforce Management System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Healthcare Workforce Management System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Healthcare Workforce Management System Market Size and Volume Forecast by Application
13.4.1. Payroll
13.4.2. Staffing and Scheduling
13.4.3. Time and Attendance
13.4.4. Patient Classification
13.4.5. Analytics
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Healthcare Workforce Management System Market Size and Volume Forecast by Type
13.7.1. Software
13.7.2. Hardware
13.7.3. Service
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Healthcare Workforce Management System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Healthcare Workforce Management System Market: Market Share Analysis
14.2. Healthcare Workforce Management System Distributors and Customers
14.3. Healthcare Workforce Management System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kronos
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Infor
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Oracle
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GE Healthcare (Api Healthcare)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. McKesson
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Allocate Software
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SAP
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Cornerstone Ondemand
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Workday
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Timeware
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook