The global healthcare supply chain management market is projected to reach USD 2.31 billion by 2022 from an estimated USD 1.41 billion in 2016, growing at a CAGR of 8.4% during the forecast period
The Research report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the Healthcare Supply Chain Management Market, along with revenue estimates & forecasts and market share analysis.
Increasing pressure on healthcare providers to improve operational efficiency & profitability and the emergence of cloud-based solutions are the key factors driving the growth of this market.
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What the Market Looks Like?
The report “Healthcare Supply Chain Management Market by Component (Software (Inventory (Order and Warehouse Management), Purchasing (Suppliers, Strategic Sourcing)), Hardware (Barcode, RFID)), Delivery Mode (On-Premise, Cloud), End User – Global Forecasts to 2027”
By delivery mode, the on-premise segment is expected to account for the largest share of the market in 2017
On the basis of delivery mode, the market is segmented into on-premise and cloud-based delivery modes. In 2017, on-premise segment is expected to command the largest share of the global healthcare supply chain management market. The large share of this segment can be attributed to its ease of use and the low risk of data breaches.
By end users, the manufacturers segment is expected to account for the largest share of the market in 2017
On the basis of end-users, the market is segmented into manufacturers, distributors, and providers. In 2017, manufacturers are expected to be the largest end users of the global healthcare supply chain management market. Manufacturers need supply chain management solutions to better coordinate their transportation and warehouse facilities. These solutions ensure faster, more accurate, and more efficient functioning, and such advantages have increased demand for supply chain management solutions in this segment.
Healthcare Supply Chain Management Market segmentation:
- Based on Component
- Based on Delivery Mode
- Based on End Users
- Based on Regions
What Drives the Market?
The growth of the global market for Healthcare Supply Chain Management is primarily influenced by the following factors:
- Increasing pressure faced by healthcare providers to improve operational efficiency and profitability
- Implementation of the unique device identification (UDI) initiative by the FDA
- Emergence of cloud-based solutions
- Adoption of the GS1 system of standards in various countries
- Continuous support in the form of funding, investments, and partnerships
- Growing focus to curb the large-scale counterfeiting of drugs in the pharmaceutical industry
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Leading Market Players and Geographically Detailed Analysis of Healthcare Supply Chain Management Market:-
The prominent players in the Healthcare Supply Chain Management Market include SAP (Germany), Oracle (US), Infor (US), McKesson (US), TECSYS (Canada), are leading players in the market. Other prominent players include GHX (US), Manhattan Associates (US), JDA Software (US), Jump Technologies (US), and LogiTag (Israel)
North America is expected to account for the largest share of the global healthcare supply chain management market in 2017. The large share of North America can be attributed to factors such as consolidation of hospitals, regulatory requirements, increasing patient burden in the US, and the implementation of various strategies to improve healthcare supply chain management in Canada.