The report "Healthcare Supply Chain Management Market by Offering (Suite, Analytics, RFID), Function (Procurement, Sourcing, Order Management, Warehouse, Transportation), Managed (Vaccines, CGT), End User (Medical Devices, Pharma), & Region - Global Forecast to 2030",global healthcare supply chain management market is projected to reach USD 5.06 billion by 2030 from USD 3.71 billion in 2024, at a CAGR of 5.3% during the forecast period.
Browse 538 market data Tables and 62 Figures spread through 528 Pages and in-depth TOC on "Healthcare Supply Chain Management Market by Offering (Suite, Analytics, RFID), Function (Procurement, Sourcing, Order Management, Warehouse, Transportation), Managed (Vaccines, CGT), End User (Medical Devices, Pharma), & Region - Global Forecast to 2030"
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The healthcare supply chain management market is expanding as healthcare organizations seek better cost control, improved process efficiency, and real-time data access. The rise of AI, cloud solutions, and automation drives demand for optimized supply chains. However, challenges such as high implementation costs, a lack of skilled professionals, and difficulties integrating with existing systems may limit growth.
The Cloud-based models segment is expected to grow at the fastest rate during the forecast period, by deployment model
Based on the deployment model, the healthcare supply chain management market has been segmented into the on-premise and cloud-based models. The cloud-based model segment is expected to grow significantly in the healthcare supply chain management market during the forecast period. This growth is attributed to the low-cost installation of cloud services, the widespread availability of cloud services, such as SaaS and IaaS models, and the need for effective security controls on the cloud. The increase in demand for improved service and cost-effectiveness and the rise in need by organizations to track the overall supply chain management activities for operational efficiency is also projected to encourage the need for cloud deployment for healthcare supply chain management software.
The manufacturers are attributed to hold the largest share of end-user segment during the forecast period
In 2023, the manufacturer segment is attributed to hold a considerable share in the healthcare supply chain management market by end-users during the forecast period. This segment's large share is primarily due to the rising global demand for healthcare products. Factors like the aging population and the growing prevalence of chronic diseases are also driving the need for more pharmaceuticals and specialized medical devices. Global pharmaceutical companies are investing heavily in expanding their research and development (R&D) and manufacturing capabilities to meet these demands. Pharmaceutical and medical device companies thus require real-time visibility, tracking, and coordination solutions to handle global supply chains. Thus, as costs rise, regulatory pressure mounts and healthcare product manufacturing and distribution become increasingly complex, the need for resilient, transparent, and responsive supply chains has become critical.
Asia Pacific to witness a considerable growth rate during the forecast period.
The healthcare supply chain management market is segmented into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is projected to demonstrate significant growth with a noticeable annual growth rate during the forecast period. Factors driving the growth of healthcare supply chain management solutions in the region include the implementation of new regulations by the National Medical Products Administration (China), the adoption of supply chain solutions among medical device manufacturers in China, the favorable environment for supply chain management in Singapore, and the rapidly growing healthcare industry in India.
Key Players
Oracle (US), SAP SE (Germany), Infor (US), IBM (US), Mckesson Corporation (US), Tecsys Inc. (Canada), Global Healthcare Exchange, LLC. (US), Cardinal Health. (US), Corcentric, Inc. (US), Epicor Software Corporation (US), Coupa. (US), Manhattan Associates (US), Blue Yonder Group, Inc. (US), LogiTag Systems (US), Premier (US), Workday, Inc. (US), Medsphere Systems Corporation (US), GEP (US), Arvato Systems (Germany), and AmerisourceBergen Corporation. (US) are the major players in this market. These companies are majorly focusing on the strategies such as acquisitions, collaborations, partnerships, expansion and product launches and updates in order to remain competitive and further increase their share in the market.
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