About Healthcare Supply Chain Management
Healthcare supply chain management regulates the flow of medical goods and services from manufacturer to patient. It involves gathering resources, managing supplies and delivering goods to hospitals, clinics, and other healthcare facilities. The demand for managing the supply chain for proper delivery pf drugs and technology and government standards for the supply chain is driving the growth. However, the market might be hindered by the prevailing pandemic worldwide due to the shortage of supplies and drugs.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 20.3% |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global 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.
Oracle Corporation (United States), SAP SE (Germany), McKesson Corporation (United States), Logi-Tag Systems (United States), Tecsys Inc. (Canada), Infor (United States), GHX (United States), JDA Software (Blue Yonder Group, Inc.) (United States) and Jabil Inc. (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 AmerisourceBergen Corporation (United States), Jump Technologies, Inc. (United States) and ProShip, Inc (United States).
Segmentation Overview
AMA Research has segmented the market of Global Healthcare Supply Chain Management market by , Application (Healthcare Device Manufacturers, Device Distributors/Suppliers, Pharmaceuticals, Logistics Companies and Others) and Region.
On the basis of geography, the market of 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 Function, the sub-segment i.e. Planning and Forecasting will boost the 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 Product, the sub-segment i.e. Software {Purchasing Management Software, Inventory Management Software} will boost the Healthcare Supply Chain Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Emergence of Machine Learning, Big Data Intelligence, and Other Automation
Market Growth Drivers:
Demand for Operational Efficiency, Profitability, and Cost-Effective Operation and Need for the Quality Inventory Management of Healthcare Industry
Challenges:
Stringent Regulatory Standards Associated with Healthcare Supply Chain Management
Restraints:
Major Hindrance to Healthcare Supply Chain Management Market is the COVID-19 Prevailing Across the Globe Leading to Shortage of Drugs and Supplies
Opportunities:
Adoption of the GS1 System to Maintain Standards for Business Communication will Help Healthcare Supply Chain Management Market to Maintain the Steady Growth
Market Leaders and their expansionary development strategies
In January 2020, Tecsys Inc. an industry-leading supply chain management software company partnered with Microsoft to enable intelligent retail by leveraging Microsoft Power BI to power the company’s cloud-native retail order management analytics. Power BI is a cloud-based suite of business analytics tools that empowers retailers and consumer goods companies around the world to gain better insights into their customers, empower employees with modern tools and platforms, deliver on an intelligent supply chain and ultimately reimagine their businesses.
In February 2020, ProShip, Inc., a trusted global provider of automated multi-carrier shipping software, announced a partnership with JDA Software, Inc., a leading AI-driven supply chain management platform provider. The partnership is the result of the two technology companies collaborating on some of their largest, most complicated customer installs.
Key Target Audience
Healthcare Service Providers, Healthcare Industry Associations, Healthcare Technology Providers, Research and Development Institutes, Venture Capital and Financial Institutions, Regulatory Bodies 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.