Press release
Healthcare Workforce Management Systems Market was valued at USD 1.58 billion in 2021 and is projected to reach a total revenue of approximately USD 4.27 billion by 2029, growing at a CAGR of 13.2% during the forecast period.
Healthcare Workforce Management Systems Market
The report provides a comprehensive overview of the healthcare workforce management systems market, encompassing all the solutions necessary to manage and sustain a productive workforce in the healthcare industry. Key factors driving market revenue growth include the introduction of innovative and advanced solutions to enhance the efficiency of the healthcare workforce, the increasing need to minimize expenses in clinical settings, and a growing focus on improving workflow efficiency in hospitals.
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The report segments the market based on the product into Software and Services. The Software segment is projected to hold the largest market share by 2029, driven by increased demand for time and attendance and scheduling solutions to optimize workflow management in hospital settings. Time and attendance management automation improves employee efficiency, reduces absenteeism, and increases productivity, leading to the growing adoption of such solutions.
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What are Healthcare Workforce Management Systems Market Dynamics?
The report highlights the dynamics of the healthcare workforce management systems market, emphasizing the cost-saving benefits and increased productivity achieved through the use of workforce management software. These systems provide critical insights into an organization's operations and finances, reduce payroll calculation errors, monitor employee leaves and overtime, and optimize nurse and workforce scheduling. Such characteristics have significantly reduced the burden on hospital management, minimized the risk of mismanagement and human errors, and enabled larger organizations to respond more rapidly to emergencies.
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However, the market growth is expected to face restraints due to factors such as low adoption of workforce management systems across various healthcare settings, a lack of technical understanding, human resource management issues, and increased management complexities.
What is Healthcare Workforce Management Systems Market Regional Insight?
Regionally, North America is anticipated to dominate the global healthcare workforce management systems market throughout the forecast period. The region's strong market position can be attributed to the growing awareness of effective personnel management in the healthcare industry and high technological adoption. Europe is expected to follow North America's lead, experiencing significant growth due to an increasing senior population and the need for efficient healthcare solutions.
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What is Healthcare Workforce Management Systems Market Segmentation?
by Product
• Software
• Services
by Mode of Delivery
• Web-based
• Cloud-based
• On-premise
by End User
• Hospitals
• Nursing Homes, Assisted Living, and Long-term Care Centers
• Other Healthcare Institutions
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Who are Healthcare Workforce Management Systems Market Key Players:
• Ultimate Software Group, Inc.
• Cornerstone Ondemand, Inc.
• Atoss Software
• Workday, Inc.
• IBM Corporation
• GE Healthcare
• Automatic Data Processing, Inc.
• Mckesson Corporation
• SAP AG
• Kronos, Inc.
• Oracle Corporation
• Timeware
• Allocate
• Workforce Software Group Inc.
• Nice Systems
• Active Ops Limited
• Infor
Table of content for the Healthcare Workforce Management Systems Market includes:
1. Global Healthcare Workforce Management Systems Market: Research Methodology
2. Global Healthcare Workforce Management Systems Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Healthcare Workforce Management Systems Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Healthcare Workforce Management Systems Market Segmentation
• Global Market, by Product(2021-2029)
• Global Market, by Mode of Delivery(2021-2029)
• Global Market, by End User(2021-2029)
5. Regional Healthcare Workforce Management Systems Market(2021-2029)
• Regional Market, by Product(2021-2029)
• Regional Market, by Mode of Delivery(2021-2029)
• Regional Market, by End User(2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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