Healthcare Supply Chain Management Market Report: By Models (Build-To-Order), Delivery Mode (On-Premise, Web-based), Functions (Forecasting and Planning), Software (Planning Tools), Technology (Barcode), End User (Distributors)— Forecast 2027

ID: VPR/ICT/1137 Publishing Year: January 2022 Pages: 102 Format:   


Healthcare Supply Chain Management Market Overview:

The management of resources required to deliver services/goods to the end consumer is referred to as Healthcare Supply Chain Management. It is a disjointed process that includes a variety of components such as medical devices, information technology, medications, and services to ensure that patients receive high-quality medical care. Obtaining resources, managing supply, and providing goods and services to patients and providers are all part of the job. The physical and informational resources required to offer services to the end-customer are dealt with by Healthcare Supply Chain Management. Healthcare is one of the most famous and fast increasing businesses. Manufacturers, distributors, and providers are the end-users of the Healthcare Supply Chain Management System. It is divided into two categories: software and hardware. Web-based, cloud-based, and on-premise delivery options are all accessible.

Over the next few years, the Healthcare Supply Chain Management Market is likely to be driven by the global adoption of the GS1 system of standardisation and an improvement in total profitability. In addition, the advent of cloud-based solutions, as well as the decrease in operational expenses through improved efficacy, are expected to enhance the market in the future years. Furthermore, the introduction of big data and social media, as well as advances in machine learning and analytics, are expected to propel the market forward during the estimated 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.

Market Growth:

Software and hardware components are available for Healthcare Supply Chain Management Systems. Because of the growing amount of online purchases, improved business information, and a growing demand for eco-friendly logistics, software systems are far more acceptable than hardware systems. This is expected to boost the market for Healthcare Supply Chain Management in the coming years.

Market Segmentation:

Models, functionalities, delivery mode, component, and end user are all used to segment the Healthcare Supply Chain Management Market. The growth of these sectors will assist you in analysing meagre growth segments in the industries, as well as providing users with a comprehensive market overview and industry insights to aid them in making strategic decisions for core market application identification.

The healthcare supply chain management market is divided into four categories based on models: make-to-stock, build-to-order, continuous replenishment, and chain assembly, among others.

Forecasting and planning, inventory management and procurement, internal logistics and operations, warehousing and distribution, reverse and extended logistics, and other are the functions that make up the Healthcare Supply Chain Management Market.

The Healthcare Supply Chain Management Market is divided into three categories based on delivery mode: on-premise, web-based, and cloud.

The Healthcare Supply Chain Management Market is divided into software and hardware segments based on component. Purchasing management software and inventory management software are two types of software. Supply management software, procurement software, capital purchasing software, strategic sourcing software, and transportation management software are all sub-categories of purchasing management software. Order management software, warehouse management software, consignment management software, implant management software, and tissue management software are all types of inventory management software.

Regional Analysis:

North America accounted for the majority of the market's revenue in 2018. The existence of big manufacturing hubs, as well as the mandatory deployment of GS1 standards and Unique Device Identification (UDI) on pharmaceutical pharmaceuticals and medical devices, are among the key reasons fueling the North American supply chain management market. Furthermore, market expansion is aided by continually evolving healthcare and IT infrastructure, as well as rising demand for cloud computing. The United States is a profitable market in North America, with the highest revenue share in 2018. Manufacturers' increasing use of scanning technology such as barcodes and RFID to combat counterfeit medications has boosted the business.

This is owing to the increased use of technologically advanced solutions in countries like India, China, and Japan, as well as the availability of mobile-based Healthcare Supply Chain Management Systems. Over the forecast years, the rising number of government programmes to encourage healthcare providers and other healthcare organisations to embrace cloud-based software solutions to improve inventory management systems is likely to boost the market in Asia Pacific.

Covid-19 Impact:

COVID-19 is an unprecedented global public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the forecast period. This ongoing study expands on this research methodology to ensure that underlying COVID-19 concerns and potential solutions are addressed. The research examines COVID-19 in light of changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, market dynamics, and government involvement. The updated study considers the impact of COVID-19 on the market and provides insights, analysis, projections, and forecasts.

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