Global Healthcare Supply Chain Management Market Size is estimated to expand rapidly in coming years, at a CAGR of 9.6 % from 2018 to 2027. In 2017, the global market valuation was USD 2.15 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. Improved operational performance and productivity and a decline in operating costs are stimulating the growth of the target market, primarily through healthcare providers and manufacturers. In the health industry, the advancement of cloud-based and mobile applications also encourages market growth. However, innovation is expected to dramatically promote the industry with regard to research, machine learning and the emergence of social media and big data.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
Technology and their implementations change the healthcare industry through the cloud-based supply chain management. While healthcare companies and suppliers concentrate on achieving higher product performance and inventory confidence, demand for cloud-based software is growing.
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global healthcare supply chain management market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global healthcare supply chain management market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
The analysis of the report is carried on various primary and secondary data sources. The primary sources include conduction interviews with numerous industry analysts, suppliers, distributors, and other involved professionals. The secondary sources include a review of statistical data from press releases, government websites, annual reports of the companies, and other relevant documents.
During interviews, these primary and secondary sources provide exclusive information, which acts as a validation from global healthcare supply chain management market leaders. Access to an extensive internal repository and external proprietary databases helps this study to address questions and details regarding the market. Also, the report uses the top-down approach to assess the figures for each segment and to counter-validate them with the bottom-up approach.
We have covered two proprietary models in the healthcare supply chain management report, the FPNV Positioning Matrix and the Competitive Strategic Window and. The FPNV Positioning Matrix analyses players’ competitive marketplace in terms of product satisfaction and business strategy they follow to sustain in the market. In terms of applications, markets, and geographies, the Competitive Strategic Window analyses the competitive landscape.
By Product Insights: On the basis of product, global healthcare supply chain management market has been segmented into hardware, software and services. Software became one of the most significant segments in 2018. Increased adoption of technology like SaaS, which offers cloud computing services of next generation, is crucial to boosting the segment. In addition, the technology segment is driving the growing need for an active operational process system in healthcare organizations, and a move to value-based care in developed economies. Software applications of medical supply chain management continue to change and concentrate on improving patient outcomes and exchanging patient information in real time.
By End Use Insights: On the basis of end use, global healthcare supply chain management market has been segmented into healthcare manufacturers, healthcare providers, distributors, and logistics. In 2018, health care providers were the biggest share of revenue and the fastest growing segment is projected during the forecast period. In developed and emerging economies, the presence of a large number of production platforms in the pharmaceutical and medical equipment industry enabled major revenue generation. The increased adoption of SaaS by manufacturers has led to the reduction of support systems maintenance and development costs. This should also lead to the chapter.
The healthcare supply chain management market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
The majority share of sales in the industry was recorded in North America in 2018. The mandatory introduction of GS1 requirements and the Unique Device Identification (UDI), in tandem with large manufacturing centers, are key factors improving the supply chain management market in North America. However, continuous development of healthcare and IT infrastructure and rising cloud demand make a significant contribution to the growth of the sector. The United States is a lucrative North American market and reported the biggest share of revenue in 2018.
In the forecast period Asia Pacific is expected to be one of the most lucrative markets with the fastest CAGR. This is because digital supply chain management technologies are available and technologically advanced solutions are rapidly being introduced in countries such as India, China and Japan. An increasing number of governmental programs aimed at promoting cloud-based software solutions for inventory management systems for healthcare providers and other healthcare organizations are also expected to boost the demand for Asia Pacific in the predicted years.
Global Healthcare Supply Chain Management Market Size, Share Analysis by Region 2018
Global Healthcare Supply Chain Management Market Study Objective
1. To forecast the market size of healthcare supply chain management market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of healthcare supply chain management market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of healthcare supply chain management market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of healthcare supply chain management market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the healthcare supply chain management market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Oracle Corporation, SAP, McKesson Corporation, Manhattan Associates, Logi-Tag Systems, Tecsys, Infor Inc., Global Healthcare Exchange (GHX), Jabil, and AmerisourceBergen are some of the key players in the market of healthcare supply chain management. In order for companies to become marketplaces, they are undertaking strategic initiatives in both developed and developing countries, such as fusions and acquisitions, new product development and risk capital investments. Industries invest in technological solutions to improve distribution, front end sales and service to customers.
Global Healthcare Supply Chain Management Market Study Report Offer You!
The global healthcare supply chain management market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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