The market for worldwide healthcare supply chain management is expected to reach a size of USD 2.33 billion in 2021 and grow at a CAGR of 9.2% from 2023 to 2032. Key market-driving factors include the expanding use of the GS1 system of standards in different countries and the mounting pressure on healthcare providers to improve operational profitability and efficiency. The increasing pressure on pharmaceutical firms to lessen the pervasive drug counterfeiting is one of the factors fueling the market’s expansion. The rise of cloud-based solutions is another. The need for healthcare providers to increase productivity and reduce expenses is driving an increase in the popularity of solutions on a global scale. Healthcare supply chain management also includes efficient supply chain methods to achieve traceability and operational efficiency while reducing operating costs without compromising quality.
For example, Kit Check and Genixus collaborated in August 2022 to include RFID technology from Kit Check in the company’s new KinetiX Propofol needles. This collaboration calls for the delivery of RFID-tagged propofol to KinetiX from Genixus.
Product Insights
With a market share of more than 35.0% in 2021, software is expected to expand at the fastest CAGR during the forecast period. The rising popularity of software like SaaS, which offers corporate resource planning and other next-generation cloud computing applications, is one of the key factors fueling the market’s expansion. The growing need for healthcare organisations to successfully manage organisational workflows and a shift in the trend towards value-based care in developed nations are driving the sector’s growth. Growing initiatives initiated by both public and private players to support healthcare IT infrastructure are also fueling the segment of healthcare businesses.
The services sector is expected to grow at a second-faster rate than all other segments over the course of the forecast period due to advancements in software platforms and increasing demand for services like support and maintenance, consulting, and education and training. The development of numerous platforms for disease monitoring, diagnosis, wellness, and prevention is a significant market growth driver. Healthcare IT services like instruction and training, advice, installations, and software upgrades are additional factors influencing the segment’s development. For example, Manhattan OneSource offers a single point of contact for all supply chain software and infrastructure requirements. With the help of OneSource, end users can achieve the lowest service expense and the best performance.
A thorough study and analysis of the market can be found in the Hospital Supply Chain Management market report, which is the ideal starting point for those interested in the subject. The study aims to provide useful insights on global market growth forecasts based on historical growth analysis and the current market environment. The verified information in the report is based on results from in-depth primary and secondary research. Data insights are excellent tools for facilitating a deeper grasp of many facets of the global market. This aids users’ developmental approach even more.
This report examines all the key factors influencing growth of global Healthcare Supply Chain Management market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Market Segmentations:
Global Healthcare Supply Chain Management Market: Major Players
LogiTag Systems
JDA
McKesson
HighJump
Infor
Jump Technologies
BluJay Solutions
Manhattan Associates
Kinaxis
TECSYS
Oracle Corporation
SAP SE
Global Healthcare Supply Chain Management Market: Types
Software
Hardware
Services
Global Healthcare Supply Chain Management Market: Applications
Healthcare Manufacturers
Healthcare Providers
Distributors
Logistics
Global Healthcare Supply Chain Management Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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