The global healthcare workforce management systems market is estimated to be worth $761.8million by the end of 2014 and is expected to reach at $1,453.8 million by 2019, at a CAGR of 13.8% during the forecast period of 2014 to 2019. This market is mainly driven by the increasing need to curtail the rising healthcare costs and the technological advancements. Moreover, increasing demand of the healthcare professionals is also expected to contribute to the growth of the market. However, the market growth will be restrained, to an extent, due to factors such as high costs of software upgradation and maintenance and data privacy.
The health care industry are increasingly implementing the medical workforce management solutions to meet the challenges: for example, the management staff to provide quality services to patients, differential steering track employees, and retain top talent. Growing demand to reduce the growth optimum utilization of the increasing health care costs and the existing workforce to the main driving force ESTA market.
In 2013, North America is the market leader in the overall market share of about 65% of the market, followed by Europe with 20 percent share. Health professional teams demand growth in North America and Europe is due to an aging population and increasing the resulting increase in the increasing prevalence of the disease. However, the workforce management market in Asia Pacific distributors above the highest forecast growth opportunities in the Asia Pacific region from 2014 to 2019, and is expected to grow at a CAGR of 18.2% during the forecast period.
Some of the major players in the entire human resource management systems market, including IBM Corporation (USA), Infor, Inc. (USA), Oracle Corporation (USA), Kronos Inc. (USA), SAP AG (Germany), McKesson Corporation (United States) and GE Healthcare (UK).