Healthcare Workforce Management Systems Market: Global Industry Analysis and Forecast (2023-2029)

Healthcare Workforce Management Systems Market size was valued at US$ 1.78 Bn. in 2022  and the total revenue is expected to grow at a CAGR of 13.2% through 2023 to 2029, reaching nearly US$ 4.26 Bn.
Healthcare Workforce Management Systems Market Overview:
All of the solutions required to manage and sustain a productive workforce in the healthcare business are included in healthcare workforce management systems. Some key factors expected to drive market revenue growth over the forecast period include the introduction of innovative and advanced solutions to improve the efficiency of the healthcare workforce, the growing need to minimise expenses in clinical settings, and a growing focus on improving the efficiency of workflow in hospitals.To know about the Research Methodology:- Request Free Sample Report
Healthcare Workforce Management Systems Market Dynamics:
The use of a workforce management system can help healthcare businesses save money and increase productivity. Workforce management software gives critical insights into an organization's operations and finances, reduces payroll calculation errors, keeps track of employee leaves and overtime, and arranges nurse and other workforce times and shifts. These characteristics of workforce management systems have reduced the burden of management on a hospital and the risk of mismanagement and human errors. Larger organisations can use a workforce management system to better manage their employees and respond to emergencies more rapidly, and these factors are expected to boost market growth during the forecast period.

Low adoption of workforce management systems across various healthcare settings, a lack of technical understanding, human resource management issues, and increased management are some of the factors that are expected to restrains the healthcare workforce management systems market growth during the forecast period 2023-2029.
Healthcare Workforce Management Systems Market Segment Analysis:
Based on the Product, the market is segmented Software, and Services. Software segment is expected to hold the largest market share of xx% by 2029. This is due to increased demand and the adoption of time and attendance and scheduling solutions to optimise workflow management in hospital settings, the number of time and attendance and scheduling solutions has increased. Time and attendance management automates hospital workforce management and provides a real-time record of on-site healthcare staff so that emergency situations can be handled immediately. Employee efficiency is improved, absenteeism is reduced, and productivity is increased using these solutions.

Based on the Mode of Delivery, the market is segmented into Web-based, Cloud-based, and On-premise. Cloud-based segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. This is due to the multiple advantages of cloud-based deployment, including increased flexibility and convenience of operations, low installation and maintenance costs, and rapid adoption of sophisticated technology. Other factors expected to contribute to the segment's revenue growth include the increasing adoption of innovative cloud-based solutions and the growing demand to streamline workflow.
Healthcare Workforce Management Systems Market Regional Insights:
North America region is expected to dominate the Global Healthcare Workforce Management Systems market during the forecast period 2023-2029. North America region is expected to hold the largest market share of xx% by 2029. This is because there is a growing awareness of effective personnel management in the healthcare industry. Because of the high rate of technological adoption in the North America region, the Healthcare Workforce Management Systems market is expected to grow.

Europe region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Europe is expected to keep following North America's lead, as the region's senior population is expected to increase, necessitating the use of healthcare workforce management systems to supply efficient healthcare solutions.

The objective of the report is to present a comprehensive analysis of the Global Healthcare Workforce Management Systems Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Healthcare Workforce Management Systems Market dynamic, structure by analyzing the market segments and project the Global Healthcare Workforce Management Systems Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Healthcare Workforce Management Systems Market make the report investor’s guide.
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Healthcare Workforce Management Systems Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 1.78 Bn.


Forecast Period 2023 to 2029 CAGR:
13.2%
Market Size in 2029:
US $ 4.26 Bn.


 Segments Covered:
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



Healthcare Workforce Management Systems Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Healthcare Workforce Management Systems Market, Key Players are
1. Ultimate Software Group, Inc.
2. Cornerstone Ondemand, Inc.
3. Atoss Software
4. Workday, Inc.
5.IBM Corporation
6. GE Healthcare
7. Automatic Data Processing, Inc.
8. Mckesson Corporation
9. SAP AG
10. Kronos, Inc.
11. Oracle Corporation
12. Timeware
13. Allocate
14. Workforce Software Group Inc.
15. Nice Systems
16. Active Ops Limited
17. Infor

Frequently Asked Questions:

1. Which region has the largest share in Global Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Market?
Ans: The Global  Market is growing at a CAGR of 13.2% during forecasting period 2023-2029.

3. What is scope of the Globalmarket report?
Ans: Global  Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global  market?
Ans: The important key players in the Global  Market are – 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, and Infor

5. What is the study period of this market?
Ans: The Global Market is studied from 2022 to 2029.