The global healthcare supply chain management market size is expected to reach USD 3.3 billion by 2025, from USD 2.2 billion in 2020, at a CAGR of 7.9% during the forecast period. The growth of this market can be attributed to the increasing pressure on healthcare providers to improve operational efficiency and profitability, the adoption of the GS1 System of standards in the healthcare industry globally, and the emergence of cloud-based solutions. Furthermore, there is an increasing focus among stakeholders to reduce their operating costs by increasing efficiency.
The healthcare supply chain management market is fragmented, with the presence of several large as well as emerging players. In 2019, SAP SE (Germany), Oracle Corporation (US), and Infor (US) were the leading players in the healthcare supply chain management industry. Other significant players include McKesson Corporation (US), TECSYS (US), Global Healthcare Exchange (US), Cardinal Health (US), Determine (US), Epicor (US), LLamasoft (US), Manhattan Associates (US), Blue Yonder Group, Inc. (JDA Software) (US), Cerner (US), Jump Technologies (US), LogiTag Systems (US), Harris Affinity (US), Premier (US), Accurate Info Soft (US), Hybrent (US), and Arvato Systems (Germany).
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Oracle (US) is one of the prominent players in the healthcare supply chain management market. This leading position of the company can be attributed to its strong brand recognition and extensive product portfolio. The company has subsidiaries spread 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. In 2019, Oracle Corporation enhanced its Oracle Cloud offerings with the addition of new features to its cloud applications, which includes tools like supply chain management, enterprise resource planning (ERP), human capital management (HCM), and customer experience (CX). These solutions enable end-users to accelerate business performance and increase productivity.
SAP SE (Germany) accounted for the second-largest share of the healthcare supply chain management market. SAP supports its clients to use real-time data to foresee customer trends. The company offers solutions for 25 industries, including oil & gas, travel & transportation, retail, healthcare, chemicals, telecommunications, life sciences, banking, and aerospace and defense. Moreover, the company’s robust product portfolio has helped it to sustain its leading position in the market. SAP utilizes technologies such as IoT, AI, and machine learning to strike innovation in various fields, including supply chain management. The company’s Integrated Business Planning enables end-users to simplify and automate the planning process across the supply chain ecosystem.
Infor (US) is another leading player in the healthcare supply chain management market. The company engages in building cloud software suites for large enterprise and SME in several industries, such as manufacturing, distribution, healthcare, retail, hospitality, and the public sector. The company aims to help its customers to manage the changing demands and costs of manufacturing products by offering efficient product lifecycle management, production planning, and warehouse management solutions. Infor’s SCM (Supply chain management) products are designed to improve the holistic supply chain, including designing, forecasting, planning, and execution.
Healthcare Supply Chain Management Market by Component (Software, Inventory, Order, Warehouse, Purchase, Implant, Transport, Strategic Sourcing, Consignment, Hardware, Barcode, Scanner, RFID), Delivery (On Premise,Cloud), End User-Global Forecast to 2025
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