The healthcare supply chain management market is projected to reach USD 2.22 billion by 2021 from USD 1.45 billion in 2016, growing at a CAGR of 8.9% during the forecast period.
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Factors such Responsible for growth are as follows:
- The Unique Device Identification (UDI) initiative by the FDA
- Growing adoption of cloud-based solutions
- Increasing pressure faced by hospitals to improve operational efficiency and profitability
- Compliance of the G1 system standards in various countries
The software segment is expected to account for the largest share of the healthcare supply chain management market, by component, in 2016.
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Supply chain management software is used as follows:
- To manage supplier relationships
- Control business processes
- Execute value chain transactions
The web-based segment is expected to account for the largest share of the healthcare supply chain management market, by delivery mode, in 2016. The large share of this segment is mainly attributed to its high market penetration over the years. Manufacturers are expected to account for the largest share of the healthcare supply chain management market, by end user, in 2016.
Manufacturers mainly employ supply chain management solutions for transportation and warehouse management to ensure faster, more accurate, and more efficient functioning. This is a major factor contributing to the large share of this market.
Regions Covered in this Report are:
- North America
- Asia- Pacific
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North America is expected to account for the largest share of the healthcare supply chain management market in 2016, followed by Europe, Asia-Pacific, and the Rest of the World (RoW).
The large share and high growth rate of the North American region can be attributed to the increasing prevalence of chronic diseases, presence of top market players, and growing government initiatives in this region.
These companies adopt various strategies (agreements, partnerships, and collaborations; mergers and acquisitions; new product launches; product enhancements; expansions; and product deployment) to increase their shares and establish a stronger foothold in the global healthcare supply chain management market.
Prominent players in this market are:
- SAP SE (Germany)
- Oracle Corporation (U.S.)
- Infor Inc. (U.S.)
- Global Healthcare Exchange (GHX) (U.S.)
- McKesson Corporation (U.S.)
- TECSYS Inc. (Canada)
- Jump Technologies, Inc. (U.S.)
- LogiTag Systems Ltd. (Israel)
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