By Product :

The product segment is categorized into software and services. In 2022, the software segment accounted for the highest market share in the overall healthcare workforce management systems market and is expected to grow at the fastest CAGR over the forecast period. The software segment includes integrated solutions and standalone solutions. Healthcare workforce management systems software helps the healthcare sector to effectively monitor and track staff attendance along with their schedule and workflow. Furthermore, healthcare workforce management systems also have effective appointment booking software that helps hospitals manage appointments based on availability. The increasing launches of new and advanced healthcare workforce management software systems are driving market growth. For instance, in December 2022, QGenda, a leading provider of healthcare workforce management solutions, announced the launch of QGenda Nurse and Staff Workforce Management System, a mobile-first solution that makes it accessible to deploy and manage the healthcare workforce. These new solutions provide healthcare-specific applications for scheduling, time and attendance, compensation management, and workforce analytics. Thus, due to the above beneficial properties, the deployment of healthcare workforce management software systems across the healthcare sectors ensures superior benefits, which, in turn, is benefiting the market growth.

By Mode of Delivery :

The mode of delivery segment is categorized into web-based, cloud-based, and on-premises. In 2022, the cloud-based segment accounted for the highest market share in the overall healthcare workforce management systems market and is expected to grow at the fastest CAGR over the forecast period. The high benefits of cloud-based healthcare workforce management systems are the major factors leading to the dominance of the segment in the base year. Cloud-based delivery in the healthcare sector provides benefits such as low set-up cost, lower cost of IT maintenance, elimination cost of software updates, and provides the advantage of flexibility and adaptability in workforce management systems. Various companies worldwide are focusing on the launch of cloud-based workforce management systems for the healthcare industry, which is a major factor driving the segment growth. For instance, in April 2023, Workday, Inc., a leader in enterprise cloud applications for finance and human resources, announced the expansion of their cloud-based workforce management system for the healthcare industry. Various healthcare organizations globally such as Jefferson Health, Northeast Georgia Health System, Terrebonne General Health System, and Whitman Hospital & Medical Clinics (WHMC) have adopted Workday Financial Management, Workday Human Capital Management (HCM), and Workday Supply Chain Management (SCM) as their workforce management systems. Such increasing adoption of cloud-based healthcare workforce management systems across the globe is benefiting market growth.

By End User :

The end user segment is categorized into hospitals, healthcare institutions, and others. In 2022, the hospital segment accounted for the highest market share of 52.50% in the healthcare workforce management systems market. Healthcare workforce management systems are employed in various hospitals to improve workforce productivity and efficiency across the hospitals. These systems provide various benefits in hospitals for tracking employee shift timing, efficient payroll management, following regulatory compliances, and managing human resources at hospitals. Owing to these high benefits, it is increasingly getting popular across hospitals. For instance, in May 2023, RLDatix, a healthcare technology solution provider, announced a partnership with Nashville General Hospital (NGH), which is a public hospital in Nashville, Tenn. As per the partnership, RLDatix implements its entire suite of solutions across the governance, risk, compliance, and workforce management portfolio at the Nashville General Hospital (NGH). By integrating RLDatix solutions, NGH will streamline and generate operational efficiencies, particularly related to workforce and risk management initiatives. This increasing focus of hospitals on the successful integration of workforce management systems is benefiting the segment's growth.

However, the healthcare institutions segment is expected to be the fastest-growing segment during the forecast period. Healthcare institutions are composed of ambulatory surgical centers, birth centers, blood banks, clinical and medical offices, diabetes education centers, and others. The increasing number of healthcare institutions across the globe is spurring the demand for healthcare workforce management systems from healthcare institutions.

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By Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

In 2022, North America accounted for the highest market share at 38.50% and was valued at USD 670.60 million and is expected to reach USD 1,773.51 million in 2030. In North America, the U.S. accounted for the highest market share of 68.55% during the base year of 2022. The major factor driving the market growth across the region is the high presence of large key players such as IBM, Oracle Corporation, Kronos Incorporated, and others in the region. Furthermore, increasing investments in the development of healthcare workforce management systems across the region are driving market growth across the North American region. For instance, in February 2023, ShiftMed, a healthcare staffing solution provider, announced that it has raised USD 200 million from the healthcare investors, Panoramic Ventures for the expansion of ShiftMed's healthcare workforce management systems solutions across the region. Henceforth, the increase in the above investment for the development and launch of healthcare workforce management systems along with the high presence of global key players in the North America region is proliferating the growth of the market.

Furthermore, Asia Pacific is expected to witness significant growth over the forecast period, growing at a CAGR of 13.9% during 2023-2030. This is due to the increasing economic growth, significant growth in the IT sector across the region, and advancement in healthcare IT in the region.