Healthcare Supply Chain Management Market

Market Leader - Healthcare Supply Chain Management Market

The global healthcare supply chain management market is expected to reach USD 2.31 Billion by 2022 from an estimated USD 1.55 Billion in 2017, growing at a CAGR of 8.4% during the forecast period. Growth in the healthcare supply chain management market can primarily be attributed to the increasing pressure on healthcare providers to improve operational efficiency & profitability and the benefits offered by these solutions. The introduction of mobile-based solutions in healthcare supply chain management and their applications provides lucrative growth opportunities for players in the healthcare supply chain management market.

Agreements, collaborations, and partnerships; product launches and enhancement; mergers and acquisitions; and expansions were some of the strategies adopted by players from 2014 and 2017. The key players that adopted these strategies include SAP (Germany), Oracle (US), Infor(US), GHX (US), and McKesson (US).

SAP is the leading player in the healthcare supply chain management market. The company has a wide range of product and service offerings for its customers. The company has a prominent position as it offers user-friendly solutions and cloud-based solutions. The cloud-based technology enables its supply chain clients to tackle complex digitalization problems through its wide range of innovative products and solutions. The firm has dedicated solutions to manage healthcare supply chain and continues to provide its users with new and upgraded solutions. For instance in 2016, the company enhanced its SAP Integrated Business Planning 6.1, this enabled the SAP to enhance its customer service in the demand and supply platform. The company has its presence in more than 130 countries and operates through 255 subsidiaries worldwide.  

Oracle is another leading player in the global healthcare supply chain management market. The company has more than 40 years of experience and provides its customers with advanced solutions and services. The firm has a wide geographical presence across Europe, the Middle East, Africa, Asia Pacific, North America, and South America. The company focuses on product enhancements as a part of its growth strategy. For instance in 2016, Oracle Corporation expanded its Oracle Cloud Services with the addition of new services like Oracle CX Cloud, Oracle SCM, ERP, and EPM Cloud to provide supply chain management, enterprise resource planning, and enterprise performance management solutions.

McKesson is a prominent name in the global healthcare supply chain management market. The company has a wide range of supply chain management solutions which are dedicated to end users in the healthcare industry. The firm operates in major regions like the US, the UK, Canada, Australia, New Zealand, and Israel. The company focuses on growth strategies like acquisitions to expand its customer base, geographical presence and product portfolio.

Infor is also an important player in the global healthcare supply chain management market and focuses on the specific needs of medium and large enterprises and designs solutions catering to their needs. The company has a wide range of products and also focuses on investing in R&D to enhance product development. The company invested around 16%, 15.7% and 14.2% of its total revenue in R&D activities in 2016, 2015 and 2014 respectively. The firm has a presence in the US and maintains facilities in 41 countries, including Australia, Canada, India, the UK, and Singapore with a customer base of 90,000 customers across the globe.

Some of the other players competing in this market include GHX (US), TECSYS (Canada), Manhattan Associates (US), JDA Software (US), Jump Technologies (US), and LogiTag Systems (Israel), among others.

Related Reports:

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 2022

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