Market Research Future published a research report on “Healthcare Supply Chain Management Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Market Scenario
The imperative need to optimize costs is one of the biggest driving factors that is responsible for the growing application of healthcare supply chain management. Market Research Future (MRFR) has done a thorough analysis of the industry to garner some insightful information concerning the market and released the same via in-depth report. The report states that the global Healthcare Supply Chain Management Market is anticipated to grow during the forecast period of 2018 to 2023 at a CAGR of 8.2%.
The increasing demand for competitive logistics infrastructure is a big factor influencing a positive growth of the global market. The surging pace of globalization and expanding nature of businesses are anticipated to push the market growth of supply chain management in healthcare over the forecast period.
Key Players
The major key players of the global healthcare supply chain management market are SAP (Germany), Infor (US), Oracle (US), GHX (US), TECSYS (Canada), McKesson (US), Manhattan Associates (US), Jump Technologies (US), JDA Software (US), LogiTag Systems (Israel), Advocate Health Care (Murray, UT), and others.
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Segments:
The global healthcare supply chain market has been segmented in terms of functions, software, models, technology, delivery mode, and end-users.
By models, the market includes make to stock model, build to order, chain assembly, continuous replenishment model, and others.
By function, the market is narrowed down into warehousing and distribution, forecasting and planning, internal logistics and operations, inventory management and procurement, reverse and extended logistics, and others.
By delivery mode, the market segments into web-based, on-premise, and others.
By software, the market is broken down into execution tools and planning tools. The planning tools segment is branched down into production and sales planning, forecasting and inventory management, supplier and vendor management, and others. While the execution tools segment is broken down into order processing, warehouse management, status tracking, and others.
By technology, the market divides into radio frequency identification, barcode, internet of things and big data, global positioning system, and others.
By end-users, the market comprises logistic companies and distributors, pharma and biotech companies, healthcare providers, and others.
Regional Analysis:
The global healthcare supply chain management market is regionally segmented into the following key geographical territories: Europe, Asia Pacific, Americas, and the Middle East & Africa.
The Americas is expected to spearhead the global healthcare supply chain management market in the coming years. This is due to the presence of a number of leading biotech and pharmaceutical companies, a developed and established healthcare industry, rising technological advancements, supportive government initiatives, and an increasing demand for medical devices. It is also reported that exporting medical devices in bulk quantities is generating significant revenue support for the healthcare supply chain management market in the Americas.
Europe is anticipated to stand out as the second-largest region in the supply chain management in healthcare market. Europe is considered to be among the leading exporters in the world for pharmaceutical and medicinal products. Additionally, the increasing import and export activities for healthcare related products is expected to boost the growth of the market in this region.
Asia Pacific regional market is forecasted to grow with the fastest pace during the forecast period. This is due to the widespread prevalence of various chronic diseases and a surging demand for medical devices and pharmaceutical products. Additionally, increasing expenditure in the healthcare industry is anticipated to push the growth of the market in Asia Pacific.
Lastly, the Middle East & Africa region is anticipated to accrue the lowest share in the global market. The growth in this region can be primarily attributed to the developed healthcare sector and favorable government initiatives undertaken in the Middle Eastern countries.
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Intended Audience
- Pharmaceutical and Biopharmaceutical Companies
- Healthcare IT Service Providers
- Healthcare Software Solution Providers
- Research and Development (R&D) Companies
- Healthcare Medical Device Manufacturers
- Diagnostic Laboratories
- Government Research Institutes
- Academic Institutes and Universities
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