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The healthcare supply chain management market by revenue is expected to grow at a CAGR of 8.32% during the period 2022–2027.Speak directly to the analyst to clarify any post sales queries you may have.
The rising data in the healthcare sector, the improvements in the supply chain network of manufacturers, and the growing acceptance of supply chain management systems, both hardware and software in the emerging economies, are augmenting the growth of the healthcare supply chain management market. A healthcare facility must be modernized in supply chain management (SCM) practices. There are significant advantages to having advanced systems in place that streamline the flow. According to a survey of 100 hospitals, over half of the healthcare facilities are still using old and manual techniques for tracking the supply chain. By standardizing their practices, hospitals can attain savings of about 17%. Thus, modern SCM solutions are employed by healthcare institutions and other stakeholders to maximize profits and provide efficient support to the needy.
The following factors are likely to contribute to the growth of the healthcare supply chain management market during the forecast period:
- The emergence of Cloud-Based Solutions
- Growing Pressure in Healthcare Industry for the Cost Reduction
- Improved Supply Chain Network of Manufacturers
- Rising Adoption of Advanced Systems
SNIPPETS
- Due to the high demand for cloud-based solutions, increasing pharmaceutical and software company collaboration, improvements in the supply chain management product portfolio, and the emergence of technological advancements in the healthcare supply chain, the global medical supply chain management market is expected to see steady growth in the coming years.
- The use of clinical evidence can help clinicians and the supply chain collaborate to determine the best products that deliver the best care at the most optimal price.
- CISOM (Clinically Integrated Supply Outcomes Model) is an advanced and automated health system supply chain infrastructure at the point of care and can proactively identify the risk of adverse events to strengthen quality and safety for patients.
HEALTHCARE SUPPLY CHAIN MANAGEMENT MARKET SEGMENTATION
This research report includes a detailed segmentation by:
- Component
- Deployment
- End-User
- Geography
SEGMENTATION ANALYSIS
- Adopting IoT-enabled devices with RFID tracking systems could be cost and time-effective for the effective growth of the healthcare supply chain management market.
- Supply chain software streamlines and automates repetitive manual tasks which are performed within the healthcare organizations in pursuit of a simple goal that is to achieve a more cost-effective supply chain market.
- SAP has been placing more focus on its SCM solutions, which are now marketed under the name digital supply chain from the past few years. The innovative software products built on top of the SAP Leonardo intelligent platform employ machine learning and IoT to bring visibility, forecasting, analytics, and collaboration to the next level to accelerate the healthcare supply management market.
Market Segmentation by Component
- Software and Services
- Planning and Procurement
- Inventory and Warehousing
- Hardware
- Barcode and Barcode Scanners
- RFID Tags and Readers
Market Segmentation by Deployment
- On-Premises
- Cloud-Based
Market Segmentation by End-User
- Healthcare Manufactures
- Healthcare Providers
- Distributors and Retailers
- Logistic Companies
VENDOR ANALYSIS
- Vendors are increasingly focusing on launching innovative devices to penetrate and tap the huge growth potential prevailing in the market. The growing adoption of cloud-based platforms is helping the vendors to improve their delivery of supply chain management solutions in the market.
- Major players such as Cardinal Health, Tecsys Inc., Oracle Corporation, and SAP SE collectively account for significant market shares. With the growing pressure to reduce costs in the healthcare sector, the market share of these vendors is expected to increase in the coming years of the supply chain management market.
PROMINENT VENDORS
- Oracle Corporation
- Cardinal Health
- Tecsys Inc.
- SAP
OTHER PROMINENT VENDORS
- Arvato Supply Chain Management Solutions
- BlueBin
- Blue Yonder Group Inc.
- Curvolabs
- Epicor Software Corporation
- Global Healthcare Exchange
- Harris Affinity
- Hybrent
- Infor
- Jump Technologies Inc
- LogiTag Systems
- Manhattan Associates
- Medsphere Systems Corporation
- Par Excellence Systems
- Premier Inc
- Swisslog Healthcare
- Syft
- Vizient Inc.
GEOGRAPHICAL ANALYSIS
- North America accounted for a share of about 40.23% in the global healthcare supply chain management market in 2021. US is the world’s second-largest supplier of ventilators and the third-largest exporter of PPE. With high acceptance and open-mindedness in the North American region, new innovations in healthcare supply chain technologies are being adopted and developed by the healthcare facilities.
- To cater to the European medical device and pharmaceutical demand, the implementation of a supply chain management system in the European healthcare sector can help streamline the overall healthcare supply chain with the benefits of cost reduction, which anticipates the overall benefit of the market.
Market Segmentation by Geography
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- APAC
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East and Africa
- Turkey
- South Africa
- Saudi Arabia
KEY QUESTIONS ANSWERED:
1. How much is the healthcare supply chain management market worth?
2. Which region holds the largest share in the global healthcare supply chain management market?
3. Who are the key players in the medical supply chain management market?
4. What are the major factors driving the growth of the healthcare supply chain management market?
5. What are the key trends impacting the healthcare SCM market?
Table of Contents
1 Research Methodology2 Research Objectives3 Research Process6 Market at a Glance
4 Scope & Coverage
5 Report Assumptions & Caveats
7 Introduction
8 Market Opportunities & Trends
9 Market Growth Enablers
10 Market Restraints
11 Market Landscape
12 By Component
13 By Deployment
14 By End User
15 Geography
16 North America
17 Europe
18 APAC
19 Latin America
20 Middle East & Africa
21 Competitive Landscape
22 Key Company Profiles
23 Other Prominent Vendors
24 Report Summary
25 Quantitative Summary
26 Appendix
LIST OF EXHIBITS
LIST OF TABLES
Companies Mentioned
- Oracle Corporation
- Cardinal Health
- Tecsys Inc.
- SAP
- Arvato Supply Chain Management Solutions
- BlueBin
- Blue Yonder Group Inc.
- Curvolabs
- Epicor Software Corporation
- Global Healthcare Exchange
- Harris Affinity
- Hybrent
- Infor
- Jump Technologies Inc
- LogiTag Systems
- Manhattan Associates
- Medsphere Systems Corporation
- Par Excellence Systems
- Premier Inc
- Swisslog Healthcare
- Syft
- Vizient Inc.
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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