Top Companies in Healthcare Supply Chain Management Market

The global healthcare supply chain management market is forecasted 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. The market growth is primarily driven by the pressing need for more efficient and cost-effective supply chain management (SCM) in the healthcare sector. As medical supplies, equipment, medications, and labor costs keep rising, healthcare organizations must improve their supply chains to keep expenses under control. US health spending increased by 4.1% in 2022, totaling USD 4.5 trillion. This puts a per capita expenditure of USD 13,493 on the subject, which makes the high increase point out to the rising cost burden on the healthcare system, which calls for efficient and cost-effective supply chain management.

The key players operating in the supply chain management market for healthcare include 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), Arvato Systems (Germany), and AmerisourceBergen Corporation. (US). These companies have adopted organic & inorganic strategies such as product launches, product updates, expansions, partnerships, collaborations, acquisitions, among others to strengthen their market presence in the healthcare supply chain mangement market.

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Oracle is one of the leading providers of enterprise software solutions, offering robust capabilities for healthcare supply chain management solutions leveraging its technological capabilities. The company integrates advanced technologies like AI, machine learning, and IoT to its platforms & solutions to help optimize inventory, streamline procurement, and ensure regulatory compliance in healthcare and life sciences industry. The company offers cloud-based and on-premises solutions designed to improve healthcare organizations' supply chain operations' efficiently. It has a broad portfolio of supply chain management tools & services that enable healthcare & life science organizations to improve their operational efficiency while ensuring cost savings. Oracle provides a comprehensive portfolio of cloud solutions for various business functions, including solutions like Oracle product lifecycle management cloud, Oracle supply chain planning cloud, Oracle inventory management cloud, Oracle order management cloud, Oracle order manufacturing cloud, and Oracle logistics cloud,  among others. Oracle has a wide geographic presence spanning its operations across North America, Europe, the Middle East, Africa, the Asia Pacific,  and South America.

IBM is a  prominent provider of healthcare supply chain management (SCM) solutions, leveraging its cutting-edge technologies to address the complexities of the healthcare industry. The supply chain management solutions for healthcare offered by IBM include the IBM Sterling Supply Chain Intelligence Suite, IBM Sterling Order and Fulfillment Suite, among others. The company leverages sophisticated technologies to enhance the strength of its offerings. For instance, its IBM Blockchain for Supply Chain is used for tracking life science & healthcare products like vaccines, medical devices, and pharmaceuticals, reducing the risk of counterfeiting and ensuring regulatory compliance.  The company offers its software & solutions to a number of industries, including healthcare, life sciences, FMCG, chemicals and petroleum, electronics, energy and power, among others. The company has a wide geographic presence across North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

Related Reports:

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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