The global healthcare supply chain management market is estimated to reach value of USD 3.67 Billion by 2027, according to a current analysis by Emergen Research. Focus of healthcare supply chain management (SCM) is to identify and reduce waste and help in supply chain decision making. It also contributes to the quality of the services offered. Emergence of cloud-based solutions is also fueling the market.
Increasing expenditure on healthcare requires higher efficiency in the delivery of services. Hospital supply chain management is confronted by different economic, environmental, and social issues. Growing awareness about healthcare supply chain management has propelled the demand for the same across the globe. On the other hand, lack of research in healthcare supply chain management and complex nature of the healthcare supply chain management are restraining the market.
Another driving factor is increase in the demand for better patient care and stringent government regulations. Advancements in technology, such as the Internet of Things (IoT) and cloud storage, have boosted the demand for healthcare supply chain management. Since supply chain objectives are not always aligned within hospitals, the market can be fragmented and inefficient. The supply chain management providers might prefer to use a product because they were trained with it, whereas hospital’s purpose is to procure a quality product which it can afford.
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Based on the competitive landscape, the market report analyses the key companies operating in the industry:
SAP SE, Oracle, Tecsys Inc., Cardinal Health, Epicor, Infor, Global Healthcare Exchange, McKesson Corporation, Manhattan Associates, and Cerner.
The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Healthcare Supply Chain Management market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
Further key findings from the report suggest
- In December 2020, Sterling Healthcare Logistics announced the acquisition of ABS Vaccines, thereby expanding its product/service portfolio. The acquisition would strengthen Sterling’s mission to provide an innovative solution that would increase efficiency across the healthcare sector.
- The procurement software enables hospitals to monitor the cost of supplies and services while making the entire procure-to-pay process simple. This type of software removes time-consuming tasks while reducing cost and enhancing the vendor’s experience.
- The cloud-based delivery mode segment is expected to register the most rapid CAGR during the forecast period. Cloud helps in sharing and integrating information from different locations. It also reduces the cost of installation and maintenance.
- North America held the largest market share in the year 2019, owing to presence of key market players and adoption of advanced technologies in the region. The U.S. holds a major share of the market in the region, due to presence of a well-established healthcare system in the region.
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For the purpose of this report, Emergen Research has segmented the global healthcare supply chain management market based on component, delivery mode, end-user, and region as follows:
Component Outlook (Revenue, USD Billion; 2017–2027)
- Software
- Purchasing Management Software
- Procurement software
- Strategic Sourcing Software
- Supply Management Software
- Capital Purchasing Software
- Transportation Management Software
- Inventory Management Software
- Warehouse Management Software
- Implant Management Software
- Order Management Software
- Consignment Management Software
- Tissue Management Software
- Purchasing Management Software
- Hardware
- Barcodes & Barcode Scanners
- RFID Tags & Readers
- Systems
- Others
Delivery Mode Outlook (Revenue, USD Billion; 2017–2027)
- On-premises Delivery
- Cloud-based Delivery
End-user Outlook (Revenue, USD Billion; 2017–2027)
- Manufacturers
- Providers
- Distributors
The study segments the Healthcare Supply Chain Management industry in light of major classification such as product type, potential markets, application, and end-user. This industry assessment for the forecast period, 2020 – 2027 incorporates projections pertaining to the investment feasibility, gross margin, profits, consumption volume, production capability and major market vendors. Likewise, statistics associated with the competitive landscape, shifting consumer behaviour and spending power is showcased and well-explained with the help of treasured resources such as charts, graphs and graphic images, which can be easily incorporated in the business or corporate presentations.
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Market Dynamics:
The report offers insightful information about the market dynamics of the Healthcare Supply Chain Management market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Healthcare Supply Chain Management market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Healthcare Supply Chain Management market.
Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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