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HEALTHCARE SUPPLY CHAIN MANAGEMENT MARKET SIZE
The global healthcare supply chain management market was valued at USD 3.42 billion in 2023 and is expected to reach USD 5.73 billion by 2029, growing at a CAGR of 9.01% during the forecast period. The healthcare supply chain management market is growing consistently and is expected to maintain this trend due to the need for greater efficiency, transparency, and resilience. Technological solutions are poised to transform the market by addressing these critical challenges. Healthcare supply chain management entails the strategic coordination and integration of processes across the healthcare ecosystem, from production and procurement to distribution and consumption.
HEALTHCARE SUPPLY CHAIN MANAGEMENT MARKET TRENDS & DRIVERS
Increased Focus on Personalized and Patient-centric Healthcare
Patient-centric healthcare is driving a revolution in delivery, impacting supply chain management. Personalized supply chains move beyond traditional models, focusing on individual patient needs. Data analytics enables demand forecasting and inventory optimization. Customized delivery options, such as home delivery and mobile healthcare, improve accessibility. Real-time supply chain visibility ensures timely product delivery. This patient-focused ecosystem enhances healthcare value and satisfaction.
Transformative Shift Towards AI and RFID Tracking Adoption
The healthcare industry is increasingly adopting AI and RFID technologies to optimize supply chain processes. AI algorithms enhance demand forecasting, inventory management, and procurement efficiency through data analysis and automation. RFID tracking provides real-time visibility of assets, minimizing stockouts and ensuring product integrity. These technologies significantly improve efficiency, accuracy, and traceability throughout the healthcare supply chain.
Rise of Digital Transformation and Automation In Healthcare
Digital transformation is revolutionizing healthcare logistics & supply chain management through digitalization and automation. Cloud-based systems offer centralized control and real-time visibility, while advanced analytics optimize demand forecasting and resource allocation. Automation technologies, such as RPA and AGVs, reduce manual intervention and enhance operational efficiency. These advancements contribute to cost reduction and improved patient outcomes.
INDUSTRY RESTRAINTS
Challenges of Inventory Management and Distribution Logistics
Efficient healthcare delivery hinges on effective inventory management and distribution logistics. Healthcare organizations face considerable challenges due to fluctuating demand, which complicates inventory level prediction and management. To proactively address these challenges, driven by seasonal trends, demographics, and public health emergencies, robust demand forecasting and inventory optimization strategies are essential. By implementing these strategies, leveraging technology, and fostering stakeholder collaboration, healthcare providers can ensure timely access to medical products, minimize costs, and ultimately deliver patient-centered care. Optimizing inventory processes, improving visibility, and enhancing distribution are key to achieving these outcomes.
HEALTHCARE SUPPLY CHAIN MANAGEMENT MARKET SEGMENT ANALYSIS
- Insight By Component: Software and services held the largest global healthcare supply chain management market share in 2023, due to the industry's digital transformation efforts. The planning and procurement software segment is experiencing rapid evolution, driven by the need for enhanced efficiency, regulatory adherence, and adaptability to challenges like the COVID-19 pandemic. Ongoing technological innovation and investment are expected to sustain market growth.
- Insight By Development: The cloud-based segment is experiencing the highest growth rate in the healthcare supply chain management market, fueled by the rising adoption of cloud solutions across various sectors. Cloud software provides scalability, flexibility, and accessibility, operating on a subscription basis to minimize upfront infrastructure costs. This model is particularly advantageous for healthcare facilities with constrained IT budgets.
- Insight By End-User: The healthcare manufacturers segment held the largest share of the global healthcare supply chain management market in 2023. The market for their software solutions is dynamic, focusing on meeting the complex needs of healthcare manufacturers while ensuring compliance and quality. Growth is driven by the need for operational efficiency, product safety, and adaptation to regulatory changes, alongside globalization and technological advancements like IoT and AI.
HEALTHCARE SUPPLY CHAIN MANAGEMENT MARKET GEOGRAPHICAL ANALYSIS
North America dominates the global healthcare supply chain management market, capturing over 40% of the market share. This substantial market provides a wide array of software solutions tailored to hospitals, clinics, manufacturers, and other healthcare organizations. Market growth is fueled by the digitization of healthcare operations, the adoption of cloud-based technologies, and the emphasis on cost efficiency.
HEALTHCARE SUPPLY CHAIN MANAGEMENT MARKET COMPETITIVE LANDSCAPE
The global healthcare supply chain management market, featuring 38 vendors, is undergoing consolidation through mergers and acquisitions. This trend is creating a competitive environment with larger, diversified companies and smaller, specialized firms. Technological innovation, particularly in advanced analytics, AI, blockchain, and IoT, is a key competitive differentiator. Companies that effectively utilize these technologies to meet evolving healthcare needs achieve a competitive advantage. Building strong customer relationships and delivering exceptional service are vital for market success.
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Summary
SEGMENTATION & FORECAST
- By Component
- Software & Services
- Planning & Procurement
- Inventory & Warehousing
- Hardware
- Barcode & Barcode Scanners
- RFID Tags & Readers
- By Deployment
- On-Premises
- Cloud-Based
- By End-user
- Healthcare Manufacturers
- Healthcare Providers
- Distributors and Retailers
- Logistic Companies
By Geography
- North America
- The U.S.
- Canada
- Europe
- Germany
- The U.K.
- France
- Italy
- Spain
- APAC
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Turkey
- South Africa
- Saudi Arabia
VENDOR LISTS
Key Vendors
- Oracle
- Business Overview
- Product Offerings
- Cardinal Health
- TECSYS
- SAP
- Arvato
- McKesson
Other Prominent Vendors
- Blue Yonder Group
- Business Overview
- Product Offerings
- BlueBin
- Curvo Labs
- Epicor
- Global Healthcare Exchange
- Harris Affinity
- Hybrent
- Infor
- Jump Technologies
- LogiTag
- Manhattan Associates
- Medsphere Systems
- PAR Excellence Systems
- Premier
- Vizient
- Anaplan
- Inventory Optimization Solutions (IOS
- Provista
- Sortly
- Symplr
- Workday
- Marg ERP Ltd.
- Swisslog Healthcare
- Tradogram
- Weproc
- ZOHO
Table Of Contents
- Executive Summary
- Key Findings
- GLOBAL: Projected Revenue of Healthcare Supply Chain Management Market (2020-2029; $Millions)
- GLOBAL: Projected Revenue by Component (2020-2029; $Millions)
- Software & Services
- Planning & Procurement
- Inventory & warehousing
- Hardware
- Barcode & Barcode Scanners
- RFID Tags & Readers
- GLOBAL: Projected Revenue by Deployment (2020-2029; $Millions)
- On-Premises
- Cloud-Based
- GLOBAL: Projected Revenue by End-user (2020-2029; $Millions)
- Healthcare Manufacturers
- Healthcare Providers
- Distributors & Retailers
- Logistic Companies
- Healthcare Supply Chain Management Market - Competitive Landscape
- Healthcare Supply Chain Management Market – Key Vendor Profiles
- Healthcare Supply Chain Management Market – Other Prominent Vendors
- Healthcare Supply Chain Management Market - Key Strategic Recommendations
- North America: Projected Revenue of Healthcare Supply Chain Management Market
- (2020-2029; $Millions)
- Projected Revenue of Healthcare Supply Chain Management Market in US
- Projected Revenue of Healthcare Supply Chain Management Market in Canada
- Europe: Projected Revenue of Healthcare Supply Chain Management Market
- (2020-2029; $Millions)
- Projected Revenue of Healthcare Supply Chain Management Market in Germany
- Projected Revenue of Healthcare Supply Chain Management Market in France
- Projected Revenue of Healthcare Supply Chain Management Market in UK
- Projected Revenue of Healthcare Supply Chain Management Market in Italy
- Projected Revenue of Healthcare Supply Chain Management Market in Spain
- APAC: Projected Revenue of Healthcare Supply Chain Management Market
- (2020-2029; $Millions)
- Projected Revenue of Healthcare Supply Chain Management Market in Japan
- Projected Revenue of Healthcare Supply Chain Management Market in China
- Projected Revenue of Healthcare Supply Chain Management Market in India
- Projected Revenue of Healthcare Supply Chain Management Market in South Korea
- Projected Revenue of Healthcare Supply Chain Management Market in Australia
- Latin America: Projected Revenue of Healthcare Supply Chain Management Market
- (2020-2029; $Millions)
- Projected Revenue of Healthcare Supply Chain Management Market in Brazil
- Projected Revenue of Healthcare Supply Chain Management Market in Mexico
- Projected Revenue of Healthcare Supply Chain Management Market in Argentina
- Middle East & Africa: Projected Revenue of Healthcare Supply Chain Management Market
- (2020-2029; $Millions)
- Projected Revenue of Healthcare Supply Chain Management Market in Turkey
- Projected Revenue of Healthcare Supply Chain Management Market in South Africa
- Projected Revenue of Healthcare Supply Chain Management Market in Saudi Arabia
- Healthcare Supply Chain Management Market Opportunities & Trends
- Healthcare Supply Chain Management Market Drivers
- Healthcare Supply Chain Management Market Constraints
- Research Methodology
- Abbreviations
- About Arizton
- Exhibit 1: Projected Revenues of Healthcare Supply Chain Management in Global
- (2020 – 2029; $ Mn)
- Exhibit 2: Market Size & Forecast – Software & Services (2020 – 2029; $ Mn)
- Exhibit 3: Market Size & Forecast – Planning & Procurement (2020 – 2029; $ Mn)
- Exhibit 4: Market Size & Forecast – Inventory & Warehousing (2020 – 2029; $ Mn)
- Exhibit 5: Market Size & Forecast – Hardware (2020 – 2029; $ Mn)
- Exhibit 6: Market Size & Forecast – Barcode and Barcode Scanners (2020 – 2029; $ Mn)
- Exhibit 7: Market Size & Forecast – RFID Tags and Readers (2020 – 2029; $ Mn)
- Exhibit 8: Market Size & Forecast – On-Premises (2020 – 2029; $ Mn)
- Exhibit 9: Market Size & Forecast – Cloud-Based (2020 – 2029; $ Mn)
- Exhibit 10: Market Size & Forecast – Healthcare Manufacturers (2020 – 2029; $ Mn)
- Exhibit 11: Market Size & Forecast – Healthcare Providers (2020 – 2029; $ Mn)
- Exhibit 12: Market Size & Forecast – Distributors & Retailers (2020 – 2029; $ Mn)
- Exhibit 13: Market Size & Forecast – Logistic Companies (2020 – 2029; $ Mn)
- Exhibit 14: Projected Revenues of Healthcare SCM in N. America (2020 – 2029; $ Mn)
- Exhibit 15: Projected Revenues of Healthcare SCM in the US (2020 – 2029; $ Mn)
- Exhibit 16: Projected Revenues of Healthcare SCM in Canada (2020 – 2029; $ Mn)
- Exhibit 17: Projected Revenues of Healthcare SCM in Europe (2020 – 2029; $ Mn)
- Exhibit 18: Projected Revenues of Healthcare SCM in Germany (2020 – 2029; $ Mn)
- Exhibit 19: Projected Revenues of Healthcare SCM in UK (2020 – 2029; $ Mn)
- Exhibit 20: Projected Revenues of Healthcare SCM in France (2020 – 2029; $ Mn)
- Exhibit 21: Projected Revenues of Healthcare SCM in Italy (2020 – 2029; $ Mn)
- Exhibit 22: Projected Revenues of Healthcare SCM in Spain (2020 – 2029; $ Mn)
- Exhibit 23: Projected Revenues of Healthcare SCM in APAC (2020 – 2029; $ Mn)
- Exhibit 24: Projected Revenues of Healthcare SCM in Japan (2020 – 2029; $ Mn)
- Exhibit 25: Projected Revenues of Healthcare SCM in China (2020 – 2029; $ Mn)
- Exhibit 26: Projected Revenues of Healthcare SCM in India (2020 – 2029; $ Mn)
- Exhibit 27: Projected Revenues of Healthcare SCM in Australia (2020 – 2029; $ Mn)
- Exhibit 28: Projected Revenues of Healthcare SCM in South Korea (2020 – 2029; $ Mn)
- Exhibit 29: Projected Revenues of Healthcare SCM in L. America (2020 – 2029; $ Mn)
- Exhibit 30: Projected Revenues of Healthcare SCM in Brazil (2020 – 2029; $ Mn)
- Exhibit 31: Projected Revenues of Healthcare SCM in Mexico (2020 – 2029; $ Mn)
- Exhibit 32: Projected Revenues of Healthcare SCM in Argentina (2020 – 2029; $ Mn)
- Exhibit 33: Projected Revenues of Healthcare SCM in MEA (2020 – 2029; $ Mn)
- Exhibit 34: Projected Revenues of Healthcare SCM in Turkey (2020 – 2029; $ Mn)
- Exhibit 35: Projected Revenues of Healthcare SCM in S. Africa (2020 – 2029; $ Mn)
- Exhibit 36: Projected Revenues of Healthcare SCM in S. Arabia (2020 – 2029; $ Mn)
- Table 1: Key Market Trends in Healthcare Supply Chain Management Market
- Table 2: Key Market Enablers in Healthcare Supply Chain Management Market
- Table 3: Key Market Constraints in Healthcare Supply Chain Management Market
- Table 4: Strategic Recommendations in Healthcare Supply Chain Management Market
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