The Infinium Global Research analyzes the Healthcare Supply Chain Management Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global healthcare supply chain management market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of healthcare supply chain management. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the healthcare supply chain management market during the period. The global healthcare supply chain management market is projected to grow at a CAGR of 10.2% over the forecast period of 2018-2024.
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Substantial Rise in the Healthcare and Pharmaceutical Sector is Likely to Boost the Growth of the Market
The substantial rise in the healthcare and pharmaceutical sector is likely to boost the growth of the market. The healthcare supply chain management helps for financial management, labor optimization, and smooth flow of information throughout the entire supply chain. The needs of cloud-based solutions to keep the record, track and trace the delivery of drug or device that are shipped are covered in the supply chain management. The implementation of inventory management system with the GS1 system of standards in healthcare removes counterfeit products and reduces the human errors thus increasing the patient’s safety. The accuracy of ordered drugs, and medical devices is increased in supply chain management system.
The manufacturing companies (producers), wholesalers and distributors (purchasers), and hospitals, pharmacies, and clinics (providers) are three main streams in health care where supply chain management is used. The presence of e-commerce solutions leads to error free manual processes from the supply chain, subsequent increase in profitability with less process cost. supply chain risks hamper business routine by affecting business operations and financial stability. In addition, growing efforts for high-quality services to deliver on time, increasing dispersion and implementation of various components such as software and cloud-based solutions, and technological advancements in automation of the processes is likely to boost the growth of the market. On the other hand, the implementation and maintenance cost of healthcare supply chain management solutions is very high is likely to hamper the growth of the market.
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The health care supply chain management market is segmented on the basis of component, deployment model and end-user. The component segment is further divided into software and hardware. The software accounted for the largest share in the market as due to adoption of the new inventory management software, customer relationship management and execution of value chain transactions.
North America is Expected to Be the Largest Market for Health Care Supply Chain Management
Among the regions, North America is expected to be the largest market for health care supply chain management. The presence of the leading pharmaceutical companies is the key factors drives the growth in this region. The demand of supply chain management system in healthcare is high in the U.S. Moreover, the Asia-Pacific region is projected to grow at the highest CAGR among the regions. The growth in Asia-Pacific region is mainly driven by emerging countries such as India, China, and Japan and growing healthcare sector.
The merger and acquisition and business expansion are the key strategy of the leading player in this market. For instance, all scripts Healthcare Solutions, Inc. acquired McKesson’s health Information Solutions business, in 2017.
Fastest Growing Segments in the Healthcare Supply Chain Management Industry
The report on global healthcare supply chain management market covers segments such as, component, deployment model and end-user. On the basis of component, the global healthcare supply chain management market is categorized into hardware and software. On the basis of deployment model, the global healthcare supply chain management market is categorized into on-premises and cloud based. On the basis ofend-user, the global healthcare supply chain management market is categorized into pharmacy and laboratory.
Key Players of the Healthcare Supply Chain Management Industry
The report provides profiles of the companies in the global healthcare supply chain management market such as, Mckesson, Oracle, Cardinal Health, Cerner, Microsoft, Airclic, Solstice Medical, Epicor, Manhattan Associates, Mayo Clinic and Infor.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the healthcare supply chain management.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.