Global Healthcare Workforce Management Systems Market Size Growing Rapidly at a CAGR of 13.1% By 2030

Category : Pharmaceuticals And Healthcare | Published Date : Jul 2024

Healthcare Workforce Management Systems Market Scope & Overview :

A healthcare workforce management system is a software or service used in the healthcare sector to efficiently manage employee schedules, leaves, payroll, and other workforce-related issues. Various features like biometric time clocks and mobile applications help ensure precise clock-in and clock-out times for effective workforce management.

Consegic Business Intelligence analyzes that the Global Healthcare Workforce Management Systems Market size was valued at USD 1,741.82 Million in 2022 and is expected to register a CAGR of 13.1% to reach USD 4,582.72 Million by 2030.

This report comprises Healthcare Workforce Management Systems Market Share, Size & Industry Analysis, By Product (Software (Integrated Solutions and Standalone Solutions) and Services), By Mode of Delivery (Web-based, Cloud-based, and On-Premises), By End-user (Hospitals, Healthcare Institutions, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2030.

This report contains detailed information on Healthcare Workforce Management Systems Market Opportunities, Trends, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.

The rising need for workforce management in the healthcare sector is driving the Healthcare Workforce Management Systems market growth. These systems automate and simplify scheduling in the healthcare sector, which often requires flexible shift hours due to medical emergencies. These systems help track employee activities and are in high demand due to the increasing number of healthcare workers.

Segmental Analysis :

The Healthcare Workforce Management Systems Market is segmented based on product, mode of delivery, end-user, and region.

Based on product, the market is divided into Software (Integrated Solutions and Standalone Solutions) and Services.

  • In 2022, software accounted for the highest market share and is expected to grow fastest over the forecast period. It includes integrated and standalone solutions to monitor staff attendance, schedules, workflows, and appointment bookings based on availability.

Based on the mode of delivery, the market is trifurcated into Web-based, Cloud-based, and On-Premises.

  • In 2022, the cloud-based segment held the highest market share and is expected to grow at the fastest CAGR during the forecast period. Due to benefits Cloud-based systems offer like lower setup and maintenance costs, eliminate software update expenses, and provide flexibility in workforce management.

Based on the end-user, the market is segmented into Hospitals, Healthcare Institutions, and Others.

  • In 2022, the hospital segment held the highest market share of 52.50% in the market. Hospitals use these systems to improve workforce productivity by tracking shift timing, managing payroll, ensuring compliance, and overseeing human resources.
  • The healthcare institutions segment is expected to witness the fastest growth over the forecast period, driven by the increasing number of institutions globally.

By region, the market is segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

  • In 2022, North America had the highest market share at 38.50% and was valued at USD 670.60 million. By 2030, it is expected to reach USD 1,773.51 million. The U.S. held the highest market share of 68.55% in 2022 driven by the presence of key players like IBM, Oracle Corporation, and others and increasing investments in these systems.
  • Asia Pacific is expected to grow at a CAGR of 13.9% during the forecast period due to economic growth, IT sector expansion, and advancements in healthcare IT.
Report Attributes Report Details
By Product Software (Integrated Solutions and Standalone Solutions) and Services
By Mode of Delivery Web-based, Cloud-based, and On-Premises
By End-User Hospitals, Healthcare Institutions, and Others
By Region North America(U.S., Canada, Mexico)
Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe)
APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific)
Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA)
LATAM(Brazil, Argentina, Chile, Rest of LATAM)

Top Key Players & Competitive Landscape :

The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.

List of prominent players in the Healthcare Workforce Management Systems Industry :

  • IBM Corporation
  • Infor, Inc.
  • Oracle Corporation
  • Kronos, Inc.
  • McKesson Corporation
  • OSP Labs
  • GE Healthcare
  • Cornerstone OnDemand, Inc.
  • Strata Decision Technology, LLC
  • QGenda, LLC
  • Symplr

Recent Industry Developments :

  • In January 2023, ShiftMed partnered with UKG to launch a new technology for healthcare workforce management.
  • QGenda launched ProviderCloudTM in March 2022 which provides holistic workforce visibility and actionable data for quality patient care.
  • In August 2020, Kronos, Inc.'s subsidiary Smart EFM launched a new healthcare division to help healthcare organizations modernize their workforce practices.