Healthcare Supply Chain Management Market would grow at a CAGR of +7% during the forecast period – Analysts at Healthcare Intelligence Markets.
The healthcare supply chain management system delivers informational and physical resources to end-users and hospitals. This system involves how a piece of data travels through from a manufacturer to the end customer. The purpose of this entire mechanism is to satisfy the end user in terms of cost reduction, improvement in the quality of service, and reduce cycle time, which eventually leads to high performance. The major participants include are manufacturers (medical equipment, drugs, and medical supplies), medical service provisions, distributors, medical groups, insurance companies, government regulators and agencies, employers, and users of health care services.
Based on the deployment model, the market has been segmented into on premise and on cloud. The market study also reveals an extensive assessment key market drivers, restraints and opportunities shaping the industry worldwide. According to the study conducted by the analysts at Healthcare Intelligence Markets, the North America region is holding the highest market share.
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The market has identified the opportunities presented by innovative and evolving technologies, it also recognizes the risks faced global pharmaceutical companies when they compete against each other with similar drugs. The providers are striving to assess customer capabilities to set a benchmark in the global market, which is driving the popularity for their services. The high cost associated with availing these softwares is hampering its growth especially in developing countries like India and China. The healthcare expenditure is rising globally and it has become imperative to redesign the entire system and reduce health care cost so as to effectively respond to market place and customer demands. This competitive advantage is estimated to drive the market’s growth in the upcoming years.
The market players are adopting business strategies such as joint venture and market entry strategies that is helping them to make their presence felt in the global market and therefore, improving their portfolio. Some of the key players operating in this market place include McKesson Corporation, JDA Software, SAP AG Group, Intermountain Healthcare, Omnicell, Geisinger Health System, Manhattan Associates, Advocate Health Care Oracle Corporation, AmerisourceBergen, and Providence Health & Services, amongst others. Intermountain Healthcare’s Supply Chain Organization (SCO) delivers cutting-edge solutions that are sourced, purchased and delivered to clinics and hospitals in order to dictate valuable resources for patient care.
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Healthcare Supply Chain Management Market, by Component
Healthcare Supply Chain Management Market, by Deployment
Healthcare Supply Chain Management Market, by End Users
• Healthcare Providers
Healthcare Supply Chain Management Market, by Region
• North America
• Rest of North America
• The UK
• Rest of Europe
• Asia Pacific
• Southeast Asia
• Rest of Asia Pacific
• Middle East and Africa
• GCC Countries
• Southern Africa
• Rest of Middle East and Africa
• Latin America
• Rest of Latin America