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Healthcare Supply Chain Management - Global Market Trajectory & Analytics

  • ID: 4804857
  • Report
  • February 2022
  • Region: Global
  • 512 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Arvato Systems
  • Cerner
  • Hybrent
  • Jump Technologies
  • LogiTag Systems
  • McKesson Corporation

Global Healthcare Supply Chain Management Market to Reach $3.6 Billion by 2026


The healthcare ecosystem is highly complex in nature owing to intangible nature of the product signified by better health sought by customers on affordable prices. The supply chain for the industry is characterized by unique challenges due to changing patient expectations along with stringent regulations. The idea of supply chain management strives to balance diverse elements associated with the industry, including quality care, affordability and cost structure of providing organizations. With cost representing a major expense, participants in the industry focus on boosting productivity and reducing costs associated with the supply chain. These factors make healthcare supply chain as a primary focus area to improve efficiency and achieve cost savings. The holistic approach to the industry`s supply chain extends beyond cost savings and pushing productivity to encompass provisioning of enhanced healthcare without delay and in a cost-efficient manner. These goals underscore the important of healthcare supply chain that can be exploited for capturing actionable data. The supply chain data is a valuable asset and provides insights into product requirements and strategies to stabilize inventory and reduce waste. These data-driven insights go a long way in reducing overall costs. Technology-based, automated supply chain offers relevant data as well as improves efficiency and patient outcomes by allowing enhanced patient care. These requirements are driving future-oriented organizations to elevate the role played by the healthcare supply chain to turn care into an enriching experience.

Amid the COVID-19 crisis, the global market for Healthcare Supply Chain Management estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$3.6 Billion by 2026, growing at a CAGR of 9.9% over the analysis period. Software, one of the segments analyzed in the report, is projected to record a 10.5% CAGR and reach US$1.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 9.4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1 Billion in 2021, While China is Forecast to Reach $192.9 Million by 2026


The Healthcare Supply Chain Management market in the U.S. is estimated at US$1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$192.9 Million by the year 2026 trailing a CAGR of 9.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.9% CAGR.The current COVID-19 crisis is paving way for digital transformation as businesses look to explore options of shifting their operations to cope with supply disruptions, movement restrictions, and office closures. Digital technologies and technology-based business models are expected to play an important role in the post COVID-19 period for companies to improve the resilience of their global supply chains. On the basis of the lessons learnt from the current COVID-19 crisis, businesses can take several vital steps towards making supply chains more resilient once the crisis is over. One of the major steps would be to reduce the requirement of human workforce across logistics, warehousing, and transportation. This could be achieved through core digital technologies for Industry 4.0, including Internet of Things (IoT), control towers, blockchain, machine learning/artificial intelligence-enabled demand forecasting, rule-based/self-adjusting stock allocations, and autonomous devices, such as drones and automated guided vehicles (AGVs). Factories capable of modularizing production and shifting production lines based on changes in demand are expected to become the new norm in the future.

These modular factories would need to be supported by intelligent supply networks capable of seamlessly communicating with each other, thereby significantly enhancing their agility and effectiveness. In addition, businesses are expected to host their critical systems in the cloud environment to ensure that their employees can access them remotely while working from home. For many companies considering cloud migration for long, the COVID-19 crisis is expected to provide that final push with the aim of enabling business continuity. Safety parameters and supplier risk management would become critical factors while undertaking strategic planning initiatives. The COVID-19 crisis has demonstrated the possibilities of working remotely across a wide range of businesses, domains, and industries.

Hardware Segment Reach $1 Billion by 2026


In the global Hardware segment, USA, Canada, Japan, China and Europe will drive the 10% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$502.9 Million in the year 2020 will reach a projected size of US$980.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$48.8 Million by the year 2026, while Latin America will expand at a 8% CAGR through the analysis period.

Select Competitors (Total 59 Featured) -

  • Arvato Systems
  • Blue Yonder Group, Inc. (JDA Software)
  • Cardinal Health
  • Cerner
  • Global Healthcare Exchange
  • Harris Affinity
  • Hybrent
  • Infor
  • Jump Technologies
  • LLamasoft
  • LogiTag Systems
  • Manhattan Associates
  • McKesson Corporation
  • Oracle Corporation
  • Premier
  • SAP SE
  • TECSYS
Frequently Asked Questions about the Global Market for Healthcare Supply Chain Management

What is the estimated value of the Global Market for Healthcare Supply Chain Management?

The Global Market for Healthcare Supply Chain Management was estimated to be valued at $2.1 Billion in 2020.

What is the growth rate of the Global Market for Healthcare Supply Chain Management?

The growth rate of the Global Market for Healthcare Supply Chain Management is 9.4%, with an estimated value of $3.6 Billion by 2026.

What is the forecasted size of the Global Market for Healthcare Supply Chain Management?

The Global Market for Healthcare Supply Chain Management is estimated to be worth $3.6 Billion by 2026.

Who are the key companies in the Global Market for Healthcare Supply Chain Management?

Key companies in the Global Market for Healthcare Supply Chain Management include Arvato Systems, Blue Yonder Group, Inc. (JDA Software), Cardinal Health, Cerner, Global Healthcare Exchange, Harris Affinity, Hybrent, Infor and LLamasoft.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Arvato Systems
  • Cerner
  • Hybrent
  • Jump Technologies
  • LogiTag Systems
  • McKesson Corporation

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19-related Disruptions of Unprecedented Magnitude Encumber and Complicate Global Healthcare Supply Chain
  • World Faces Unprecedented Shortage of PPE and Ventilators
  • Global Number of Infections & Patients Requiring Ventilator Support
  • Market Penetration of Face Masks Worldwide in 1Q 2020 (In %)
  • Urgent Near-Term Fixes to Mitigate Shortages
  • Players Elevate Role-Play of Healthcare Supply Chain to Counteract Unique Challenges
  • Outlook
  • Need for Agility and Visibility More than Ever Before
  • Cloud Solutions to Register Strong Growth
  • Healthcare Supply Chain Management – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Healthcare Supply Chain Management: Key to Unleash Efficiency and Cost Savings
  • Growing Significance of Healthcare supply chain
  • Competition

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • COVID-19 Unfolds the Critical Significance of Automated Healthcare Supply Chain and Need to Diversify Sourcing
  • COVID-19 Prompts Hospitals to Prioritize Optimization of Supply Chain
  • Internet of Medical Things (IoMT) Gains Prominence
  • Number of Connected Medical Devices in Million: 2018-2025
  • Blockchain Technology Addresses Healthcare Industry Supply Chain Challenges
  • Blockchain Technology by Enduse Vertical: 2019
  • Growing Relevance of Big Data and Analytics
  • Global Market for Data Analytics by Type for the Years 2019 and 2025
  • Global Adoption Rates (in %) of Big Data Technologies by Industry (2019E)
  • Collaboration: An Important Element of the Supply Chain Conundrum
  • Increasing Popularity of Telehealth Draws Attention
  • Global Telemedicine Market in US$ Billion: 2018, 2020, 2022 & 2024
  • Focus Intensifies on Orchestration
  • Connected Health to Modernize Healthcare Supply Chain
  • Healthcare Networks Focus on Supply Chain Management for Cost Reduction and Higher Productivity
  • Group Purchasing Organizations & E-Procurement Technology Address Challenges within Healthcare Supply Chain Management
  • Drones to Play Key Role in Healthcare Supply Chains
  • Global Market for Drones (In US$ Billion) for the Years 2019, 2022 and 2024
  • Healthcare Supply Chain Industry Challenges
  • Demand for Immediate Overnight Shipping
  • Efficient Recall Management
  • Inventory Shortage

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Healthcare Supply Chain Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview

CANADA

JAPAN

  • Healthcare Supply Chain Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Healthcare Supply Chain Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Healthcare Supply Chain Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Healthcare Supply Chain Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Healthcare Supply Chain Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Healthcare Supply Chain Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Healthcare Supply Chain Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Healthcare Supply Chain Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Healthcare Supply Chain Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Healthcare Supply Chain Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Healthcare Supply Chain Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Healthcare Supply Chain Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 59
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Arvato Systems
  • Blue Yonder Group, Inc. (JDA Software)
  • Cardinal Health
  • Cerner
  • Global Healthcare Exchange
  • Harris Affinity
  • Hybrent
  • Infor
  • Jump Technologies
  • LLamasoft
  • LogiTag Systems
  • Manhattan Associates
  • McKesson Corporation
  • Oracle Corporation
  • Premier
  • SAP SE
  • TECSYS
Note: Product cover images may vary from those shown