Global Healthcare Supply Chain Management market analysis 2024, Forecast To 2033
1 Feb, 2024
The healthcare supply chain management market has experienced rapid growth, increasing from $2.69 billion in 2023 to $3.07 billion in 2024, with a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period is attributed to cost control, regulatory compliance, the need for inventory management, vendor collaboration, and demand forecasting. Anticipating continued rapid growth in the next few years, the market size is projected to reach $4.97 billion in 2028, supported by a CAGR of 12.8%. Growth in the forecast period is attributed to telehealth expansion, value-based care, increasing sustainability, regulatory changes, and supply chain resilience. Major trends in the forecast period include digitalization and automation, predictive analytics, IoT, and RFID tracking, as well as blockchain for transparency, and lean and agile supply chain.
Global Healthcare Supply Chain Management Market Key Driver
The rising globalization is expected to propel the growth of the healthcare supply chain management market. Globalization enhances healthcare management by improving knowledge and providing cost-effective technologies. The International Monetary Fund predicts a 5.9% global economic growth in 2021. Increasing globalization fosters interconnected healthcare systems, driving the growth of the healthcare supply chain management market.
Get A Free Sample Of The Global Healthcare Supply Chain Management Market ReportGlobal Healthcare Supply Chain Management Market Segments
The global healthcare supply chain management market covered in this report is segmented –
1) By Component: Software Application, Hardware Type
2) By Delivery Mode: On-Premise, Cloud Based
3) By End-User: Healthcare Providers, Healthcare Manufacturers, Other End-Users
By Geography: The regions covered in the Healthcare Supply Chain Management market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North Americawill be the largest region in the healthcare supply chain management market in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare supply chain management market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Healthcare Supply Chain Management Industry Players
Advocate Health Care, Banner Medical Innovations Inc., SAP AG Group, Oracle Corporation, McKesson Corporation, TECSYS Inc., Global Healthcare Exchange LLC, Cardinal Health Inc., Determine Epicor, Llamasoft Ltd., Manhattan Associates, Blue Yonder Group Inc., Cerner Corporation, Jump Technologies Inc., LogiTag Systems, Harris Affinity, Premier Ltd., Accurate InfoSoft Pvt. Ltd., Hybrent Inc., Arvato Systems, Jabil Inc., AmerisourceBergen Corporation, Avery Dennison Corporation, Ascension Health, Providence Health & Services, Spectrum Health, Ochsner Health System, Aspen Technology Inc., Infor Global Solutions, Henry Schein Inc., Manhatten Associates, Becton, Dickinson and Company, Owens & Minor Inc., Medtronic plc, Novo Nordisk AS, Stryker Corporation, F. Hoffmann-La Roche AG, Scripps Health, Boston Scientific Corp., Biogen Inc., Johnson & Johnson Services Inc.
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Healthcare Supply Chain Management Market Overview
Healthcare supply chain management refers to a process that efficiently manages the workflow of the supply of medical goods and services from manufacturers to patients. It involves obtaining resources, managing supplies, and delivering goods and services to providers and patients.
Healthcare Supply Chain Management Global Market Report 2023 provides data on the global healthcare supply chain management market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The healthcare supply chain management market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.