Market Overview:
The global hospital workforce management software market is expected to grow at a CAGR of 7.5% 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 efficient hospital workforce management solutions. The global hospital workforce management software market is segmented on the basis of type into standalone software and integrated software. Integrated software is further segmented into enterprise resource planning (ERP) and human resources (HR) modules. On the basis of application, the market is segmented into hospitals, healthcare institutions, and long-term care facilities. Geographically, the global hospital workforce management software market is segmented into North America, Latin America, Europe Asia Pacific ,and Middle East & Africa . North America accounted for the largest share of this market in 2017 owing to factors such as early adoption of technology by hospitals in this region and rising labor costs .
Product Definition:
Hospital Workforce Management Software is a software application that enables healthcare organizations to optimize the scheduling and deployment of their workforce. By automating many of the manual processes associated with workforce management, this software can help hospitals improve staff productivity and patient care.
Standalone Software:
Hospital workforce management software is used by hospitals to effectively manage their work force. It helps in tracking employee time, attendance and leaves with the objective of reducing labor costs. Standalone software is a complete package that includes human resource management system and time & attendance monitoring system along with other features such as absence reporting, timesheet generation, payroll processing etc.
Integrated Software:
Integrated software is a package of integrated applications and it's used by hospitals for various operations such as scheduling, billing, inventory management, patient information system and financial management. Integrated hospital workstations provide access to all applications through a single interface.
Application Insights:
The hospital segment dominated the global hospital workforce management software market in 2017 and is expected to maintain its lead over the forecast period. The growth of this segment can be attributed to factors such as increasing number of hospitals, rising demand for healthcare services and government initiatives that support the adoption of technology in hospitals. For instance, according to a study published by eHealth India, around USD 635 million was invested by public-private partnerships in 2015-16 which increased more than threefold from 2009-10. Such investments are aimed at improving access to information through electronic health records for patients, staff and authorities which is anticipated to drive the market over next few years.
The healthcare institutions segment accounted for a significant share owing to factors such as growing aging population prone diseases & conditions along with increasing cases of chronic diseases across various regions including North America and Europe.
Regional Analysis:
North America dominated the global hospital workforce management software market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for cost-effective solutions are some factors driving the growth. Moreover, rising government initiatives to improve patient safety and maintain high clinical standards are expected to drive demand over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure and growing awareness about advanced technologies among hospitals & other healthcare institutions in this region. In addition, increasing number of labor disputes due to shortage of skilled professionals will also boost regional growth during the forecast period (2018 - 2030). Rising focus on reducing hospital readmissions along with efforts for quality improvement is further expected fuel regional market development during the estimated time span (2018 - 2030).
Growth Factors:
- Increasing demand for quality healthcare services
- Rising number of hospitals and healthcare facilities
- Growing awareness about the benefits of Hospital Workforce Management Software
- Proliferation of digital technologies and big data analytics
- Emergence of cloud-based solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Hospital Workforce Management Software Market Research Report
By Type
Standalone Software, Integrated Software
By Application
Hospital, Healthcare Institutions, Long Term Care
By Companies
McKesson Medical-Surgical Inc., Kronos Incorporated, Infor, ADP, LLC, ATOSS Software AG, IBM, Cornerstone Ondemand, Inc., Ultimate Software, GE Healthcare, Oracle, WorkForce Software, LLC
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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Hospital Workforce Management Software Market Report Segments:
The global Hospital Workforce Management Software market is segmented on the basis of:
Types
Standalone Software, Integrated Software
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
Hospital, Healthcare Institutions, Long Term Care
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:
- McKesson Medical-Surgical Inc.
- Kronos Incorporated
- Infor
- ADP, LLC
- ATOSS Software AG
- IBM
- Cornerstone Ondemand, Inc.
- Ultimate Software
- GE Healthcare
- Oracle
- WorkForce Software, LLC
Highlights of The Hospital Workforce Management Software 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:
- Standalone Software
- Integrated Software
- By Application:
- Hospital
- Healthcare Institutions
- Long Term Care
- 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 Hospital Workforce Management Software 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?
Hospital workforce management software is a computer application that helps hospitals manage their employee rosters, payroll, and benefits. It can also help hospitals track employee performance and compliance with safety guidelines.
Some of the major companies in the hospital workforce management software market are McKesson Medical-Surgical Inc., Kronos Incorporated, Infor, ADP, LLC, ATOSS Software AG, IBM, Cornerstone Ondemand, Inc., Ultimate Software, GE Healthcare, Oracle, WorkForce Software, LLC.
The hospital workforce management software market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hospital Workforce Management Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hospital Workforce Management Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hospital Workforce Management Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hospital Workforce Management Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hospital Workforce Management Software Market Size & Forecast, 2020-2028
4.5.1 Hospital Workforce Management Software Market Size and Y-o-Y Growth
4.5.2 Hospital Workforce Management Software Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Standalone Software
5.2.2 Integrated Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Healthcare Institutions
6.2.3 Long Term Care
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hospital Workforce Management Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hospital Workforce Management Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Standalone Software
9.6.2 Integrated Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Healthcare Institutions
9.10.3 Long Term Care
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Standalone Software
10.6.2 Integrated Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Healthcare Institutions
10.10.3 Long Term Care
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Standalone Software
11.6.2 Integrated Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Healthcare Institutions
11.10.3 Long Term Care
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Standalone Software
12.6.2 Integrated Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Healthcare Institutions
12.10.3 Long Term Care
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Standalone Software
13.6.2 Integrated Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Healthcare Institutions
13.10.3 Long Term Care
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hospital Workforce Management Software Market: Competitive Dashboard
14.2 Global Hospital Workforce Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 McKesson Medical-Surgical Inc.
14.3.2 Kronos Incorporated
14.3.3 Infor
14.3.4 ADP, LLC
14.3.5 ATOSS Software AG
14.3.6 IBM
14.3.7 Cornerstone Ondemand, Inc.
14.3.8 Ultimate Software
14.3.9 GE Healthcare
14.3.10 Oracle
14.3.11 WorkForce Software, LLC
