Pune, India, December, 2022/press release/- Market Research Future Published a Half Cooked Research Report on Global Healthcare Supply Chain Management Research Report.
Healthcare Supply Chain Management Market Highlights
The global Healthcare Supply Chain Management Market is accounted to register a CAGR of 15.40% during the forecast period and is estimated to reach USD 6.42 billion by 2030.
The healthcare supply chain management market refers to the management of resources, information, and processes involved in the procurement, storage, and distribution of healthcare products and services. It aims to ensure the efficient and effective flow of medical supplies, drugs, and equipment from manufacturers to healthcare providers and ultimately to patients. The global healthcare supply chain management market has been experiencing significant growth in recent years, driven by various factors such as the increasing complexity of healthcare systems, rising demand for quality healthcare services, and the need to reduce healthcare costs. Technological advancements and the adoption of digital solutions have also played a crucial role in shaping the market.
Segment Analysis
The global Healthcare Supply Chain Management Market has been segmented based Models, Function, and end user.
The healthcare supply chain management market segmentation, based on model, includes make-to-stock model, build-to-order, continuous replenishment model, chain assembly, and others. The build-to-order segment held the majority share in 2021 in respect to the healthcare supply chain management revenue. This is primarily owing to the growing self-sufficient healthcare ecosystem, emergence of cloud-based solutions, and growing number of unique device identification (UDI).
The healthcare supply chain management market segmentation, based on function, includes forecasting and planning, inventory management and procurement, internal logistics and operations, warehousing and distribution, reverse and extended logistics, and others. The forecasting and planning segment dominated the market in 2021 during the forecast period, 2022-2030. This is due to the growing preference for efficient planning, visibility into consigned inventory, and growing demand for limiting the large-scale counterfeiting of drugs in the pharmaceutical industry. Therefore, rising applications of healthcare supply chain management implants positively impacts the market growth.
The healthcare supply chain management market data based on end-user, includes healthcare providers, healthcare manufacturers, distributors, and others. The healthcare manufacturers dominated the market in 2021 during the forecast period, 2022-2030. This is attributed to the growing adoption of SaaS software among healthcare manufacturers is changing the trend by shifting from paper-based functioning to an automated system. Pharmaceutical companies are among the major beneficiaries of emerging IT trends and technologies including cloud computing.
Regional Analysis
The global Healthcare Supply Chain Management Market, based on region, has been divided into North America, Europe, Asia-Pacific and Rest of the World. North America healthcare supply chain management held the largest market share in 2021 This is attributed to the increasing prevalence of chronic diseases, regulatory requirements, mandatory implementation of GS1 standards and Unique Device Identifiers (UDIs) on pharmaceutical drugs and medical devices across the region.
Europe healthcare supply chain management market accounts for the second-largest market share due to the increasing awareness of suppliers of the demand for healthcare supply chain management solutions. Further, the Germany healthcare supply chain management market held the largest market share, and the UK healthcare supply chain management market was the fastest growing market in the European region.
The Asia-Pacific Healthcare Supply Chain Management Market is expected to grow with the significant share. This is due to constantly developing healthcare IT infrastructure and growing demand for cloud computing are some of the factors accelerating growth. Moreover, China healthcare supply chain management market held the largest market share, and the India healthcare supply chain management market was the fastest growing market in the Asia-Pacific region.
For instance, India healthcare supply chain management market is the favored destination for growing adoption of GS1 standards to track the visibility of pharmaceutical products to further boost the market growth in the Asia-Pacific region. According to the World Health Organization (WHO), Asia Pacific holds the largest share of the trade in counterfeit medicines. The pharmaceutical industry has adopted scanning technologies, such as RFID and barcodes, to track products and gain information about products for curbing the counterfeiting of drugs. Hence, Asia-Pacific is anticipated to register the highest growth rate over the forecast period from 2022–2030.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Healthcare Supply Chain Management Market Research Report
Key Findings of the Study
- The global Healthcare Supply Chain Management Market is expected to reach USD 6.42 billion by 2030, at a CAGR of 15.40% during the forecast period.
- The Asia-Pacific Healthcare Supply Chain Management Market is expected to grow with the significant share.
- The healthcare supply chain management market segmentation, based on model, includes make-to-stock model, build-to-order, continuous replenishment model, chain assembly, and others.
- SAP (Germany), Infor (US), Oracle (US), GHX (US), TECSYS (Canada), McKesson (US), Manhattan Associates (US), Jump Technologies (US), JDA Software (US), LogiTag Systems (Israel), and Advocate Health Care (Murray UT)
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Base Year | 2022 |
Companies Covered | 15 |
Pages | 100 |
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