Healthcare Supply Chain Management Market Size, Trends And Forecast | SAP SE, Oracle, Tecsys Inc., Cardinal Health

Healthcare Supply Chain Management Market

The global healthcare supply chain management market is estimated to reach value of USD 3.67 Billion by 2027, according to a current analysis by Emergen Research. Focus of healthcare supply chain management (SCM) is to identify and reduce waste and help in supply chain decision making. It also contributes to the quality of the services offered. Emergence of cloud-based solutions is also fueling the market.

Another driving factor is increase in the demand for better patient care and stringent government regulations. Advancements in technology, such as the Internet of Things (IoT) and cloud storage, have boosted the demand for healthcare supply chain management.

Since supply chain objectives are not always aligned within hospitals, the market can be fragmented and inefficient. The supply chain management providers might prefer to use a product because they were trained with it, whereas hospital’s purpose is to procure a quality product which it can afford.

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Competitive Outlook:

The global Healthcare Supply Chain Management market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects.

Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Healthcare Supply Chain Management market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Key players include SAP SE, Oracle, Tecsys Inc., Cardinal Health, Epicor, Infor, Global Healthcare Exchange, McKesson Corporation, Manhattan Associates, and Cerner.

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Key Highlights of Report

Due to increasing implementation of AI-driven applications in the banks, including customer relationship management (CRM), data analytics & visualization, and chatbot to enhance customer experience and back-office activities, the software segment is projected to register a significant revenue CAGR of 43.1% during the forecast period.

In terms of market share, the deep learning & machine learning segment is expected to lead among the other technology segments in the global AI in the banking market during the forecast period due to growing adoption of deep learning & machine learning approach for risk assessment in banks.

Increasing need to optimize customer engagement by introducing AI-driven virtual assistance and provide 24/7 customer services and answer customer queries and grievances is expected to contribute to revenue growth of the customer service segment in the global AI in the banking market during the forecast period.

Emergen Research has segmented the global healthcare supply chain management market based on component, delivery mode, end-user, and region as follows:

Component Outlook (Revenue, USD Billion; 2017–2027)

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; 2017–2027)

On-premises Delivery

Cloud-based Delivery

End-user Outlook (Revenue, USD Billion; 2017–2027)

Manufacturers

Providers

Distributors

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Regional Analysis:

The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.

Key regions in the market include:

North America

U.S.

Canada

Europe

U.K.

Italy

Germany

France

Rest of EU

Asia Pacific

India

Japan

China

South Korea

Australia

Rest of APAC

Latin America

Chile

Brazil

Argentina

Rest of Latin America

Middle East & Africa

Saudi Arabia

U.A.E.

South Africa

Rest of MEA

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Valuable Market Insights:

The report highlights the latest trends observed in the consumption pattern of each regional segment.

Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.

The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Healthcare Supply Chain Management market.

The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.

Questions addressed in the report:

What is the estimated market growth rate throughout the forecast period?

Which end-use industry is expected to witness the highest demand for Healthcare Supply Chain Management in the near future?

What is the regulatory framework governing the application of Healthcare Supply Chain Management in the food industry?

Which manufacturing processes are utilized for the production of Healthcare Supply Chain Management?

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