Global Healthcare Workforce Management Systems Market: Overview
A wide range of healthcare organizations and institutions are adopting healthcare workforce management systems in order to overcome management issues. From retaining top talent to tracking patient’s recovery, these systems have fast becoming an integral part of the global market. The global healthcare workforce management systems market is also being driven due to benefits it offers such as reduction of labor costs and fair application of work rules. The global market is expected to witness a persistent surge in the coming years as it allowing effective streamlining of work.
The research report thoroughly assesses the global healthcare workforce management systems market to provide its readers a fair picture. The publication studies the various strengths, weaknesses, threats, and opportunities impacting the segments of the global market. Additionally, the research report also includes recommendations and comments by market experts to give the readers a valuable insight into the ever-changing market dynamics.
Global Healthcare Workforce Management Systems Market: Key Trends
The demand for management solutions in the healthcare industry have augmented the growth of the global healthcare workforce management systems market. The tremendous evolution and development of these solutions has also promoted several health providers to adopt these for ensuring smoother operations. The growing pool of geriatric population, increasing expenditure on healthcare services, and improvements in the healthcare payment and delivery models have also favored the global market in recent years.
The World Health Organization (WHO) states that the geriatric population across the globe will reach 2 billion by the end of 2050 from 524 million in 2010. This rise would be predominantly seen in the developed countries of the U.K., the U.S., and Japan. This phenomenal growth is expected to be the primary growth driver for the flourishing demand of healthcare workforce management systems. The market is also likely to be favored by the growing number of regulatory reforms that are pressing organizations to adhere to utilization of workforce management systems. On the flip side, the global healthcare workforce management systems market is being restrained due to the concerns about data security, high cost of software and services.
Global Healthcare Workforce Management Systems Market: Segmentation
The global healthcare workforce management systems is segmented on the basis end user into nursing homes, assisted living, long-term care centers, hospitals, and other healthcare institutions. The mode of deliveries available in the global market are web-based, cloud-based, and on-premise. The global market also includes various software and services. The software available in the global market are for managing time and attendance, HR and payroll, talent management, scheduling, and analytics among others. On the other hand, the services available are support and maintenance, implementation services, optimization services, and training and education.
Global Healthcare Workforce Management Systems Market: Regional Outlook
From a geographic point of view, the global healthcare workforce management systems market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The research report states that North America holds a dominant position in the global market due to a growing awareness about effective management of workforce in the healthcare industry. The regional market is also expected to thrive due to the high adoption rate of technology. Europe is expected follow North America’s lead closely as the region has a growing pool of geriatrics that is expected to demand healthcare workforce management systems for delivering efficient healthcare solutions.
The publication also states that the Rest of the World and Asia Pacific are likely to be emerging markets in the overall healthcare workforce management systems. The improving economic conditions in the developing countries of these regions, large number of unmet medical needs, and increasing demand for healthcare IT solutions are expected to bolster the growth of the healthcare management systems market in the aforementioned regions.
Key Players Mentioned in the Report are:
The leading players operating in the global healthcare workforce management systems market are Automatic Data Processing, Inc., Infor, Inc., Kronos, Inc., Mckesson Corporation, Workday, Inc. and Cornerstone Ondemand, Inc., among others.
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.