The global healthcare supply chain management market is estimated to reach a value of $3.67 billion by 2027. research. The focus of Healthcare Supply Chain Management (SCM) is to identify and reduce waste and aid in supply chain decision making. It also contributes to the quality of the services provided. The emergence of cloud-based solutions is also fueling the market.
Growing health care spending demands greater efficiency in service delivery. Hospital supply chain management faces a variety of economic, environmental and social challenges. The growing awareness of healthcare supply chain management has increased the global demand for it. Meanwhile, the lack of research on healthcare supply chain management and the complex nature of healthcare supply chain management are constraining the market.
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The cloud-based transport mode segment is expected to register the fastest CAGR during the forecast period. The cloud helps to share and unify information from different locations. It also reduces installation and maintenance costs.
Market drivers:
The relentless efforts of prominent players to develop new and modern technologies and product advancements are expected to drive the growth of the industry in the coming years. This report studies a wide range of business expansion plans and developments in R&D activities and product portfolios. The report provides a clear understanding of the alliances in the market such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate transactions.
The main participants are: SAP SE, Oracle, Tecsys Inc., Cardinal Health, Epicor, Infor, Global Healthcare Exchange, McKesson Corporation, Manhattan Associates and Cerner.
The report also discusses changes in demand and emerging trends that are expected to drive the growth of the market. Rising demand for medical supply chain management market products is expected to drive demand for digital biomarkers market, boosting the growth of the industry. The report also studies the impact of the COVID-19 pandemic on the market.
Key Highlights of the Healthcare Supply Chain Management Market Reporter:
In December 2020, Sterling Healthcare Logistics announced the acquisition of ABS Vaccines, expanding its product/service portfolio. This acquisition will strengthen Sterling’s mission to provide innovative solutions that increase efficiencies across the healthcare sector.
Procurement software enables hospitals to monitor supplies and service costs while simplifying the entire procurement-to-payment process. This type of software eliminates time-consuming tasks while reducing costs and improving the vendor experience.
The cloud-based transport mode segment is expected to register the fastest CAGR during the forecast period. The cloud helps to share and unify information from different locations. It also reduces installation and maintenance costs.
North America held the largest market share in 2019 due to the presence of major market players and the adoption of advanced technologies in the region. The United States holds a major share of the market in this region as it has a well-established health care system in the region.
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Also, the report sees from the producer’s point of view and the consumer’s. It also provides valuable recommendations to new and existing players in the global Healthcare Supply Chain Management market. It also offers valuable insights for both new and existing players in the global Healthcare Supply Chain Management market.
The main objectives of the report are:
- Interventional Oncology Devices Market Size and Share Analysis and Estimation for the Forecast Period 2020-2027
- Extensive analysis of the key players in the market with SWOT analysis and Porter’s Five Forces analysis to provide a clear understanding of the competitive landscape
- A study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects and risks in the global Interventional Oncology Devices market.
- Analysis of the growth prospects of stakeholders and investors through research on promising segments
- Strategic recommendations for existing players and new entrants to capitalize on emerging growth opportunities
Emergen Research has segmented the global Healthcare Supply Chain Management Market as follows:
For the purposes of this report, Emergen Research has segmented the global Healthcare Supply Chain Management Market on the basis of component, mode of delivery, end user, and region as follows:
Component Outlook (revenue, $1 billion, 2017–2027)
software
purchase 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
organization management software
hardware
Barcodes and barcode scanners
RFID tags and readers
system
Other
Regional Quarters of Healthcare Supply Chain Management Market Include:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, other EU)
Asia Pacific (India, Japan, China, Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, UAE, South Africa, rest of MEA)
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