The Healthcare Supply Chain Management Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Healthcare Supply Chain Management Global Market Report 2024, The healthcare supply chain management market size has grown rapidly in recent years. It will grow from $2.69 billion in 2023 to $3.07 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to cost control, regulatory compliance, need for inventory management, vendor collaboration, demand forecasting.
The healthcare supply chain management market size is expected to see rapid growth in the next few years. It will grow to $4.97 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to telehealth expansion, value-based care, increasing sustainability, regulatory changes, supply chain resilience. Major trends in the forecast period include digitalization and automation, predictive analytics, iot and rfid tracking, blockchain for transparency, lean and agile supply chain.
The increasing globalisation is expected to propel the growth of the healthcare supply chain management market going forward. Globalization is being used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Globalization improved healthcare management by improving healthcare knowledge and providing low-cost healthcare technologies.For example, the International Monetary Fund, a US-based financial institution, predicts that the global economy will grow by 5.9% in 2021, based on data from the International Monetary Fund. Therefore, increasing globalisation is driving the growth of the healthcare supply chain management market.
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The healthcare supply chain management market covered in this report is segmented –
1) By Component: Software Application, Hardware Type
2) By Delivery Mode: On-Premise, Cloud Based
3) By End-User: Healthcare Providers, Healthcare Manufacturers, Other End-Users
Product innovations are a key trend gaining popularity in the healthcare supply chain management market. Major companies operating in the healthcare supply chain management sector are focused on developing new product innovation solutions to strengthen their position. For instance, in January 2021, Oracle, a US-based healthcare supply chain management software company, expanded its Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) with new capabilities to help customers across industries decrease costs, make better planning decisions, and improve customer experience.
The healthcare supply chain management market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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