Global healthcare supply chain management market projected to promulgate due to the healthcare organizations to optimize their processes while reducing costs
The global healthcare supply chain management market size was valued at USD 1.93 billion in 2019 and is projected to generate revenue of USD 3.16 billion, registering a CAGR of 18.61% over the forecast period. It is primarily attributed to the growing demand for cloud-based software by healthcare manufacturers and providers on achieving higher supplier quality and inventory optimization. Additionally, the growing usage of the supply chain in healthcare management for automation of the manual processes during manufacturing, reducing the cost of a supply chain in healthcare, and reduction of the waste will spur the growth of the global healthcare supply chain management market in the upcoming periods. Moreover, the implementation of the unique device identification (UDI) initiative by the FDA in 2013 for better traceability of medical devices during the whole supply chain is estimated to trigger the growth of the global healthcare supply chain management in the forecast span.
The healthcare supply chain system helps to improve efficiency, reduce inventory, optimize transportation, and reduce overall costs, while also improving service to customers. Also, healthcare supply chain management through the help of automated systems and lean management measures to solve the problem of the immigration process such as ASN (Advance Shipping Notification), rapid storage, interactive delivery, receipt and order fulfilment, and reverse logistics. Furthermore, the huge adoption of GS1 standards and unique device identification (UDI) for medical devices improved patient safety and supply chain efficiencies and effectiveness in the healthcare system will augment the healthcare supply chain management industry. Also, the surge in the applications of healthcare supply chain management to protect manufacturers from variable expenses of a product recall by early identification of product quality problems and improve order management and production planning across all warehouse locations are likely to boom the growth of the global healthcare supply chain management.
Component Overview in the Global Healthcare Supply Chain Management Market
Based on the component, the global healthcare supply chain management market classified into Software (Inventory Management Software and Purchasing Management Software), Hardware (Barcodes and Barcode Scanners, Systems, RFID tags, and others) and Services. The Software segment will be the fastest-growing segment in the forecast period. It is attributable to the software make efficient management of organizational workflows in healthcare organizations and focusing on enhancement of patient outcomes and real-time sharing of patient data. Delivery Mode Overview in the Global Healthcare Supply Chain Management market
Based on delivery mode, the global healthcare supply chain management market segregated into on-premise and cloud based. The cloud-based segment held for the highest revenue in 2019 due to the surge in the adoption of cloud-based solutions among distributors and healthcare providers to maintaining inventory and procurement information.
End-User Overview in the Global Healthcare Supply Chain Management Market
Based on end-user, the global healthcare supply chain management market categorized into healthcare manufacturers, healthcare providers, distributors, and logistics. The healthcare manufacturers segment accounted for a larger market share in 2019 and projected to lead the market by 2027. It is due to the increasing adoption of supply chain management by manufacturers to reducing maintenance and development costs to support systems.
Regional Overview in the Global Healthcare Supply Chain Management Market
By geography, the Global Healthcare Supply Chain Management Market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America accounted for major revenue share in 2019, owing to the presence of keys players in these regions, coupled with mandatory implementation of GS1 standards and Unique Device Identification on pharmaceutical drugs and medical devices in these regions. Also, the rise in the adoption of scanning technologies such as barcodes and RFID by manufacturers to curb counterfeit drugs are accelerating the North American market.
Global Healthcare Supply Chain Management Market: Competitive Landscape
Companies such as Oracle Corporation, SAP SE, Infor Inc., McKesson Corporation, Global Healthcare Exchange (GHX), TECSYS Inc., LogiTag Systems Ltd., Jump Technologies, Inc., Manhattan Associates, JDA Software, and Cerner, are the key players in the global healthcare supply chain management market.
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1. Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2. Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
3. Executive Summary
4. Market Insights
4.1. Economic Factor Analysis
4.1.1. Drivers
4.1.2. Trends
4.1.3. Opportunities
4.1.4. Challenges
4.2. Technological Landscape
4.3. Competitors & Product Analysis
4.4. Regulatory Framework
4.5. Company market share analysis, 2019
4.6. Porter’s Five forces analysis
4.7. New Investment Analysis
4.8. PESTEL Analysis
5. Global Healthcare Supply Chain Management Market Overview
5.1. Market Size & Forecast, 2016-2027
5.1.1. Demand
5.1.1.1. By Value (USD Million)
5.2. Market Share & Forecast, 2016-2027
5.2.1. By Deployment
5.2.1.1. Software
5.2.1.1.1. Inventory Management Software
5.2.1.1.2. Purchasing Management Software
5.2.1.2. Hardware
5.2.1.2.1. Barcodes and Barcode Scanners
5.2.1.2.2. Systems
5.2.1.2.3. RFID tags
5.2.1.2.4. Others
5.2.1.3. Services
5.2.2. By Delivery Mode
5.2.2.1. On-Premise
5.2.2.2. Cloud-Based
5.2.3. By End-User
5.2.3.1. Healthcare Manufacturers
5.2.3.2. Healthcare Provider
5.2.3.3. Distributors
5.2.3.4. Logistics
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. South America
5.2.4.5. Middle East & Africa
6. North America Healthcare Supply Chain Management Market Overview
6.1. North America Healthcare Supply Chain Management Market Size & Forecast, 2016-2027
6.1.1. Demand
6.1.1.1. By Value (USD Million)
6.2. North America Healthcare Supply Chain Management Market Share & Forecast, 2016-2027
6.2.1. By Deployment
6.2.1.1. Software
6.2.1.1.1. Inventory Management Software
6.2.1.1.2. Purchasing Management Software
6.2.1.2. Hardware
6.2.1.2.1. Barcodes and Barcode Scanners
6.2.1.2.2. Systems
6.2.1.2.3. RFID tags
6.2.1.2.4. Others
6.2.1.3. Services
6.2.2. By Delivery Mode
6.2.2.1. On-Premise
6.2.2.2. Cloud-Based
6.2.3. By End-User
6.2.3.1. Healthcare Manufacturers
6.2.3.2. Healthcare Provider
6.2.3.3. Distributors
6.2.3.4. Logistics
6.2.4. By Country
6.2.4.1. US
6.2.4.2. Canada
6.2.4.3. Mexico
6.2.5. Company Market Share (Top 3-5)
6.2.6. Economic Impact Study on North America Healthcare Supply Chain Management Market
7. Europe Healthcare Supply Chain Management Market Overview
7.1. Europe Healthcare Supply Chain Management Market Size & Forecast, 2016-2027
7.1.1. Demand
7.1.1.1. By Value (USD Million)
7.2. Europe Healthcare Supply Chain Management Market Share & Forecast, 2016-2027
7.2.1. By Deployment
7.2.1.1. Software
7.2.1.1.1. Inventory Management Software
7.2.1.1.2. Purchasing Management Software
7.2.1.2. Hardware
7.2.1.2.1. Barcodes and Barcode Scanners
7.2.1.2.2. Systems
7.2.1.2.3. RFID tags
7.2.1.2.4. Others
7.2.1.3. Services
7.2.2. By Delivery Mode
7.2.2.1. On-Premise
7.2.2.2. Cloud-Based
7.2.3. By End-User
7.2.3.1. Healthcare Manufacturers
7.2.3.2. Healthcare Provider
7.2.3.3. Distributors
7.2.3.4. Logistics
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. UK
7.2.4.3. France
7.2.4.4. Italy
7.2.4.5. Rest of Europe
7.2.5. Company Market Share (Top 3-5)
7.2.6. Economic Impact Study on Europe Healthcare Supply Chain Management Market
8. Asia Pacific Healthcare Supply Chain Management Market Overview
8.1. Asia Pacific Healthcare Supply Chain Management Market Size & Forecast, 2016-2027
8.1.1. Demand
8.1.1.1. By Value (USD Million)
8.2. Asia Pacific Healthcare Supply Chain Management Market Share & Forecast, 2016-2027
8.2.1. By Deployment
8.2.1.1. Software
8.2.1.1.1. Inventory Management Software
8.2.1.1.2. Purchasing Management Software
8.2.1.2. Hardware
8.2.1.2.1. Barcodes and Barcode Scanners
8.2.1.2.2. Systems
8.2.1.2.3. RFID tags
8.2.1.2.4. Others
8.2.1.3. Services
8.2.2. By Delivery Mode
8.2.2.1. On-Premise
8.2.2.2. Cloud-Based
8.2.3. By End-User
8.2.3.1. Healthcare Manufacturers
8.2.3.2. Healthcare Provider
8.2.3.3. Distributors
8.2.3.4. Logistics
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Australia
8.2.4.5. Rest of Asia Pacific
8.2.5. Company Market Share (Top 3-5)
8.2.6. Economic Impact Study on Asia Pacific Healthcare Supply Chain Management Market
9. South America Healthcare Supply Chain Management Market Overview
9.1. South America Healthcare Supply Chain Management Market Size & Forecast, 2016-2027
9.1.1. Demand
9.1.1.1. By Value (USD Million)
9.2. South America Healthcare Supply Chain Management Market Share & Forecast, 2016-2027
9.2.1. By Deployment
9.2.1.1. Software
9.2.1.1.1. Inventory Management Software
9.2.1.1.2. Purchasing Management Software
9.2.1.2. Hardware
9.2.1.2.1. Barcodes and Barcode Scanners
9.2.1.2.2. Systems
9.2.1.2.3. RFID tags
9.2.1.2.4. Others
9.2.1.3. Services
9.2.2. By Delivery Mode
9.2.2.1. On-Premise
9.2.2.2. Cloud-Based
9.2.3. By End-User
9.2.3.1. Healthcare Manufacturers
9.2.3.2. Healthcare Provider
9.2.3.3. Distributors
9.2.3.4. Logistics
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Argentina
9.2.4.3. Rest of South America
9.2.5. Company Market Share (Top 3-5)
9.2.6. Economic Impact Study on South America Healthcare Supply Chain Management Market
10. Middle East & Africa Healthcare Supply Chain Management Market Overview
10.1. Middle East & Africa Healthcare Supply Chain Management Market Size & Forecast, 2016-2027
10.1.1. Demand
10.1.1.1. By Value (USD Million)
10.2. Middle East & Africa Healthcare Supply Chain Management Market Share & Forecast, 2016-2027
10.2.1. By Deployment
10.2.1.1. Software
10.2.1.1.1. Inventory Management Software
10.2.1.1.2. Purchasing Management Software
10.2.1.2. Hardware
10.2.1.2.1. Barcodes and Barcode Scanners
10.2.1.2.2. Systems
10.2.1.2.3. RFID tags
10.2.1.2.4. Others
10.2.1.3. Services
10.2.2. By Delivery Mode
10.2.2.1. On-Premise
10.2.2.2. Cloud-Based
10.2.3. By End-User
10.2.3.1. Healthcare Manufacturers
10.2.3.2. Healthcare Provider
10.2.3.3. Distributors
10.2.3.4. Logistics
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of Middle East & Africa
10.2.5. Company Market Share (Top 3-5)
10.2.6. Economic Impact Study on Middle East & Africa Healthcare Supply Chain Management Market
11. Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1. Oracle Corporation
11.7.2. SAP SE
11.7.3. Infor Inc.
11.7.4. McKesson Corporation
11.7.5. Global Healthcare Exchange (GHX)
11.7.6. TECSYS Inc., LogiTag Systems Ltd.
11.7.7. Jump Technologies, Inc.
11.7.8. Manhattan Associates
11.7.9. JDA Software
11.7.10. Cerner
11.7.11. Other Prominent Players
