Pune, India, 2022 /MRFR Press Release/- Market Research Future published a half-cooked research report “Global Healthcare Supply Chain Management Market Research Report - Forecast to 2030” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2030
The healthcare supply chain management market is growing pervasively, owing to the growing pressure to lower the exceeding costs in the burgeoning healthcare sector. Digital disruption is impacting the healthcare supply chain a great deal. Automation has become a prevalent trend in the supply chain field and healthcare mergers & acquisitions, new suppliers & competitors, policy reforms & increasing healthcare consumerism increase the complexity of the already fragmented healthcare supply chain.
Supply chain leaders are adapting to the changing landscape by improving collaboration skills, equipping their team members with appropriate insights and eliminating existing system-wide silos. Supply chain organizations provide access to a broad array of medical-surgical products to reduce supply chain waste and expenses, delivering quality customer service, which enables premium care.
Acknowledging the increasing demand & growth the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the Healthcare Supply Chain Management Market is projected to reach USD 6.42 Billion by 2030 at 15.40% CAGR during the forecast period 2022-2030.
Thus these supply chain management systems are increasingly helping healthcare organizations to generate more revenue & profit by improving their decision making power efficiently. As a result, the uptake of these systems is widening which is escalating the market on the global platform.
In addition to the growing healthcare sector worldwide, other factors contributing to the market growth include increasing population, urbanization, and improving economic situations in the countries across the globe.
On the other hand, factors such as lack of awareness and innovation, issues of integration, the high cost of installation and maintenance are impeding the market growth.
Global Healthcare Supply Chain Management Market – Segmentations
The MRFR analysis is segmented into seven key dynamics;
By Models : Make-To-Stock Model, Build-To-Order, Continuous Replenishment Model, and Chain Assembly among others.
By Functions : Forecasting and Planning, Inventory Management and Procurement, Internal Logistics and Operations, Warehousing and Distribution, Reverse and Extended logistics among others.
By Delivery Mode: On-Premise and Web-based.
By Software : Planning Tools (Forecasting and Inventory Management, Supplier and Vendor Management, Production and Sales Planning, others) and Execution Tools (Warehouse Management, Order Processing and Status Tracking, others.), among others.
By Technologies : Barcode, Radio Frequency Identification (RFID), Global Positioning System (GPS), Internet of Things (IoT) and Big Data, among others.
By End-Users : Pharmaceutical and Biotech Companies, Logistics Companies and Distributors, and Healthcare Providers among others.
By Regions : North America, Europe, APAC and the Rest-of-the-World.
Global Healthcare Supply Chain Management Market – Geographical Analysis
North America region dominates the global healthcare supply chain management market accounting for the largest market share. Factors such as high uptake of advanced technologies, accessibility to products & services, and the emphasis on delivering cost-effective services, foster the market growth in the region. North America is further expected to continue with its dominance followed by the Europe region during the forecast period.
Germany, the UK, and France, backed by the adoption of technologies, large buying power, the presence of global players and concerns over the cost of health care drive the healthcare supply chain management market in the region.
However, the healthcare supply chain management market in the Asia Pacific region is expected to emerge as a promising market over the forecast period. Growing markets in countries, such as China, Japan, and India, are expected to support the APAC market to turn the tables in the global space.
Global Healthcare Supply Chain Management Market – Competitive Landscape
The market appears to be fiercely competitive & fragmented, characterized by the presence of numerous small & large players. Incorporating strategic partnership, acquisition, collaboration, expansion, and technology launch, these players try to gain the competitive advantage in the market. To achieve their goals, they make substantial investments in the R&D to develop unique technologies with unrivalled design and features that are on a completely on a different level compared to their competition.
Key Players: Some of the eminent leaders fostering the global healthcare supply chain management market include JDA Software, SAP, GHX, OnProcess Technology, Omnicell, McKesson, Spend Vu, Parts Source, Sterling Healthcare Logistics, Vizient, Inc., Oracle, Manhattan Associates, TECSYS, and VUEMED
August 27, 2018 - Yankee Alliance LLC (US), a member-driven healthcare group purchasing organization announced its partnership with PartsSource (US), a Leading global provider of medical replacement parts, procurement solutions and healthcare supply chain management technology services. These strategies are expected to help the duo to lower the cost, contracting, analytics, benchmarking and value management in the healthcare supply chain.