Healthcare Supply Chain Management Market Overview

The Global Healthcare Supply Chain Management Market was analyzed by Market Research Future (MRFR) and it was projected that a noteworthy CAGR of 8.2% will be attained by the market over the forecast period of 2018 to 2023. The valuation of the healthcare Supply Chain Management market was further stated to surpass its previous valuation by the end of 2023. The Supply-chain management is defined as a process that includes planning, design, execution, control, and monitoring the flow of different goods as well as services to create a competitive logistics infrastructure. This process not only increases net value but also synchronizes the demand and supply of goods to measure performance. The process of supply chain management is being incorporated into the healthcare sector, too, creating a new market. A new report on the global healthcare supply chain management market, published by Market Research Future (MRFR), calculates that this market could anticipate boost at 8.2% CAGR between 2018 and 2023.

The major factors of growth for the Healthcare Supply Chain Management market analysis are an expanding number of businesses, fast product lifecycle, increasing fragmentation in the healthcare sector, rising globalization rate, high economy of scale, and others. Some of the other factors influencing the market are surging customer demand, increasing rate of customization, advancing capabilities of technologies, and others. However, factors like low innovation, lack of awareness among individuals, high cost associated with maintenance and installation, and issues concerning integration can limit the growth of the market over the forecast period.

Global Healthcare Supply Chain Management Market Segment

• The global healthcare supply chain management market segmentation encompasses delivery mode, end-user, function, models, software, and technology. MRFRs take on the market surveys various facets of the market in-depth.
• Based on delivery mode, this market has been segmented into on-premise, web-based, and others. Regarding end-user, the market has been segmented into healthcare providers, logistics companies & distributors, pharmaceutical & biotech companies, and others. By technology, the market has been segmented into barcode, global positioning system (GPS), radio frequency identification (RFID), internet of things (IoT) & big data, and others.
• The function-based segmentation of this market covers forecasting & planning, internal logistics & operations, inventory management & procurement, reverse & extended logistics, warehousing & distribution, and others. In the context of models, the market has been segmented into the build-to-order model, chain assembly model, continuous replenishment model, make-to-stock model, and others.
• As per the software-based segmentation, the market comprises of planning tools and execution tools. The planning tools segment has been sub-segmented into forecasting & inventory management, production & sales planning, supplier & vendor management, and others. The execution tools segment has been sub-segmented into warehouse management, order processing & status tracking, and others.

Healthcare Supply Chain Management Market Key Players:

Big players in the global healthcare supply chain management market include Advocate Health Care (USA), Global Healthcare Exchange LLC (GHX) (USA), Infor (USA), JDA Software (USA), Jump Technologies (USA), LogiTag Systems (Israel), Manhattan Associates (USA), McKesson (USA), Oracle (USA), SAP (Germany), and Tecsys Inc. (Canada).

Healthcare Supply Chain Management Market Regional Analysis

The global healthcare Supply Chain Management market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Middle East & Africa.

The Americas is projected to lead the global healthcare Supply Chain Management market due to an established healthcare sector, favorable government initiatives, the presence of a number of leading biotech and pharmaceutical organizations, growing in demand for medical devices and increasing technological advancement. The medical devices exportation, us healthcare supply and the generation of a huge sum of revenue is aiding the Supply Chain Management in the healthcare sector in the Americas.

Europe is said to be the second largest region in the global healthcare Supply Chain Management market. According to the European Commission publication of 2017, Europe was one of the leading exporters of pharmaceutical as well as medicinal products. Add to this, in 2016, European market accounted for EUR 144 billion, by exporting pharmaceutical products across the globe. The rising import and export activities for healthcare related products is slated to boost the market in this region.

Asia-Pacific is primed to be the fastest growing region in the market for healthcare supply chain management. This is due to the increasing prevalence of chronic disease and a considerable increase in the demand for pharmaceutical and medical products. Additionally, the increasing expenditure in the healthcare industry is anticipated to accelerate the growth of the regional market.

Lastly, the Middle East & Africa stands with the lowest share of the market. A major share of this regional market is reported to be held by Middle East because of a comparatively developed healthcare sector and increasing number of government initiatives to enhance the healthcare sector.

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