About Digital Healthcare Supply Chain Management
Supply chain management is the process of handling the production flow of goods and services between businesses and location. Especially healthcare supply chain management deals with all rationalized processes associated with production, storage, and transport of healthcare products. The supply chain management of medical supplies, pharmaceuticals, medical devices, and surgical supplies must be both convenient and transparent, therefore it is essential to adopt software systems over hardware systems. All processes such as planning, designing, executing, controlling, purchasing, and monitoring the flow of products and services, and synchronizing the demand and supply of products are managed by a single integrated software with the help of eco-friendly logistics.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the digital healthcare Supply chain management market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for digital healthcare Supply chain management Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Healthcare Supply Chain Management market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
McKesson Corporation (United States), Mediceo Corporation (Japan), Palantir Technologies, Inc. (United States), Jump Technologires Inc. (United States), InterSystems Corporation (United States), Tecsys (Canada), Oracle (United States), SAP (Germany), Infor (United States) and Terso Solutions (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Biolog-id (France), TraceLink (United Kingdom) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Digital Healthcare Supply Chain Management market by and Region.
On the basis of geography, the market of Digital Healthcare Supply Chain Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Delivery, the sub-segment i.e. On-Premise will boost the Digital Healthcare Supply Chain Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software (Inventory, Order, Warehouse, Purchase, Transport, Strategic Sourcing, and Others) will boost the Digital Healthcare Supply Chain Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Digital Healthcare Supply Chain Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing adoption of radio frequency identification (RFID) to improve operational efficiency.
Market Growth Drivers:
Increasing Usage of Software and Mobile-Based Systems. and Increasing pressure on healthcare providers to improve operational efficiency and profitability.
Challenges:
Concerns regarding data security.
Restraints:
Inefficient Data Collection.
Opportunities:
Globalization of pharmaceutical and medical device industry. and Technological advancement in healthcare SCM solution.
Market Leaders and their expansionary development strategies
In September 2023, Accenture has acquired Nautilus Consulting, a leading digital healthcare consultancy in the U.K. that specializes in Electronic Patient Record (EPR) solutions. The acquisition will enhance Accenture’s digital transformation, implementation, and optimization capabilities across the U.K. and global healthcare space.
In March 2024, Active pharmaceutical ingredients (APIs) manufacturer Noramco has announced the launch of Noramco Group, a North American pharmaceutical supply chain services provider. It integrates the capabilities of two Noramco subsidiaries, drug product contract development and manufacturing organisation (CDMO) Halo Pharma, and Purisys. The strategic move aims to address the escalating drug shortages and quality concerns in the US by improving supply chain performance and increasing domestic production.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.