According to Emergen Research, the global healthcare supply chain management market size was USD 2.19 billion in 2020 and is expected to reach USD 3.94 billion in 2028 and register a revenue CAGR of 7.6% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Healthcare Supply Chain Management Market, By Component (Purchasing Management Software, Inventory Management Software, Barcodes & Barcode Scanners, RFID Tags & Readers, Systems, Others), By Delivery Mode (On-premise, Cloud-based), By End-use (Manufacturers, Providers, Distributors), and By Region, Forecast to 2028”
According to Emergen Research, the global healthcare supply chain management market size was USD 2.19 billion in 2020 and is expected to reach USD 3.94 billion in 2028 and register a revenue CAGR of 7.6% during the forecast period, 2021-2028.
Market Dynamics:
The global healthcare supply chain management market revenue growth is majorly driven by factors such as rising adoption of healthcare supply chain management (SCM) solutions and services to facilitate decision-making, increase operational efficiency, improve inventory management, and reduce costs. Growing demand for advanced healthcare SCM solutions in hospitals to create a robust and highly efficient business process, emergence of cloud-based and mobile-based healthcare SCM solutions, rising focus on automation of healthcare operations, and rapid incorporation of cutting-edge technologies including AI, Big Data, Blockchain, and the Internet of Things (IoT) are some of the other key factors contributing to the global healthcare supply chain management market revenue growth. Moreover, rising demand for enahnced patient care and improved patient data management, and stringent regulatory norms regarding healthcare supply chain management solutions are expected to further drive the global market revenue growth.
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COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Software Segment Accounted for Largest Revenue Share in 2020:
Based on component, the global healthcare supply chain management market is primarily segmented into software (purchasing management software, inventory management software) and hardware (barcodes & barcode scanners, RFID tags & readers, systems, and others). The software segment accounted for the largest revenue share in the global market in 2020. Rapid adoption of advanced healthcare SCM software, including warehouse management software, order management software, transportation management software, procurement software, supply management software, and strategic sourcing software, is one of the key factors driving this segment’s revenue growth.
Manufacturers Segment to Account for Fastest Revenue CAGR:
Based on end-use, the global healthcare supply chain management market is segmented into manufacturers, providers, and distributors. The manufacturers segment is projected to register the fastest revenue growth rate in the global market over the forecast period. Growing demand for healthcare SCM solutions among manufacturers to manage logistics, warehousing, and inventory management activities, and increasing investments in pharmaceutical manufacturing are among the key factors expected to drive revenue growth of this segment.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, North America healthcare dominated other regional markets in temrs of revenue share in the global market in 2020. Emergence of mobile-based and cloud-based healthcare supply chain management solutions & services, rapid adoption of advanced technologies such as AI, Big Data, and the IoT in the healthcare industry, and presence of state-of-the-art healthcare infrastructure and leading market players in the region, especially in the U.S. and Canada, are among the key factors contributing to the North America market revenue growth.
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Major Companies in the Global Healthcare Supply Chain Management Market Include:
- SAP SE
- Oracle Corporation
- Tecsys Inc.
- Cardinal Health
- Epicor Software Corporation
- Infor
- Global Healthcare Exchange
- McKesson Corporation,
- Manhattan Associates
- Cerner Corporation
For the purpose of this report, Emergen Research has segmented the global healthcare supply chain management market based on component, delivery mode, end-use, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
- Software
- Purchasing Management Software
- Procurement software
- Strategic Sourcing Software
- Supply Management Software
- Capital Purchasing Software
- Transportation Management Software
- Inventory Management Software
- Warehouse Management Software
- Implant Management Software
- Order Management Software
- Consignment Management Software
- Tissue Management Software
- Hardware
- Barcodes & Barcode Scanners
- RFID Tags & Readers
- Systems
- Others
Delivery Mode Outlook (Revenue, USD Billion; 2018–2028)
- On-premise
- Cloud-based
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Manufacturers
- Providers
- Distributors
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Region Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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