Healthcare HR Software Market Scope
Healthcare HR software is designed for the health care industry specifically is built to handle stringent, changing regulations and compliance. Health care administrators, managers, and human resources staff turn to industry-specific workforce and performance management, payroll, and time and attendance solutions to streamline HR operations within hospitals, medical practices, and other health care organizations. Optimizing and automating tasks like staffing, incident reporting, training, and financial management enable medical professionals to focus on delivering care. Healthcare HR systems integrate well with existing health care operations systems to further the efficiency and effectiveness of the complete facility.
According to AMA, the Global Healthcare HR Software market is expected to see growth rate of 20.3% Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Healthcare HR Software market throughout the predicted period.
Paychex, Inc. (United States), International Business Machine (IBM) Corporation (United States), Paycom Software, Inc. (United States), SumTotal Systems Inc. (United States), SAP SE (Germany), Oracle Corporation (United States), Ceridian HCM, Inc. (United States), Taleo Corporation (United States) and PeopleAdmin (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Kenexa Corporation (United States), Workday, Inc. (United States), Halogen Software Inc. (Canada), SuccessFactors (United States), CoreHR (Ireland), Ultimate Software (United States), EmployWise (India) and Paycor, Inc. (United States).
Segmentation Overview
The study have segmented the market of Global Healthcare HR Software market , by Application (Pharmaceuticals, Hospital and laboratories and Other) and Region with country level break-up.
On the basis of geography, the market of Healthcare HR Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Emergence of AI Technology
Market Growth Drivers:
Handling Human Resources in Healthcare is Becoming More Complex & Difficult, Advances in Medicine, New Technologies, Increased Legislation and an Aging Population Have Mandated the Adoption of Automated Solutions in Healthcare and The Healthcare Industry Is Changing At a Rapid, Unprecedented Pace
Restraints:
Rapid Increase in Cybercrime Hampers the Growth of the Market
Opportunities:
Growing Healthcare Industry across the Developing Countries Expected to Open Lucrative Opportunities for the Market
Market Leaders and their Expansionary Development Strategies
In April 2021,The HR tech space has seen records of investment during the pandemic with investors quickly realizing that workplace technology is hot.
In July 2023, July 2023 PINC AI™, the technology and services brand of Premier, Inc. (NASDAQ: PINC), announced its entry into a new technology category through the launch of PINC AI™ HR Payroll, a suite of human resources (HR) solutions. This launch supports members with their human capital management (HCM) needs as part of the integrated PINC AI™ Margin Improvement portfolio
Analyst View
“The role of human resource professionals in the healthcare sector is growing steadily. The healthcare sector needs an efficient people management system more than any other sector because these employees are given the most important responsibility of saving others’ lives. How healthcare employees are managed directly impacts the quality of healthcare offered to patients. This, in turn, influences patient experience, satisfaction, as well as care. It’s highly vital to have an efficient HR process that meets the needs of healthcare employees”
Key Target Audience
Healthcare HR Software Companies, Potential Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.