The adoption of GS1 system of standard in the healthcare industry globally, the emergence of cloud-based solutions, reduction in operational costs by improving the efficacy and increase in overall profitability are key factors driving the growth of healthcare supply chain management.
The Healthcare Supply Chain Management Market is projected to reach USD 3.3 billion by 2025 from USD 2.2 billion in 2020, at a CAGR of 7.9%. North America is expected to register the highest growth rate during the forecast period mainly due to the consolidation of hospitals, rising prevalence of chronic diseases, and growing awareness
Based on the component, the market is bifurcated into hardware and software segments. The software segment commanded the largest share of the global medical supply chain management market in 2019.
Based on delivery mode, the market is segmented into on-premise and cloud-based. The on-premise segment accounts for the largest share of the health supply chain management market. However, the cloud-based segment is expected to register the highest growth over the forecast period.
Based on the end-user, the healthcare supply chain management industry is segmented into manufacturers, providers, and distributors. In 2019, manufacturers accounted for the largest share of the healthcare supply chain management market. Manufacturers must cater to the increasing demand for products from their end-users.
Geographically, the Medical Supply Chain Management market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific accounted for the largest share of the market in 2017, followed by North America.
SAP SE (Germany), Oracle Corporation (US), Infor (US), McKesson Corporation (US), TECSYS (US), Global Healthcare Exchange (US), Cardinal Health (US), Determine (US), Epicor (US), LLamasoft (US), Manhattan Associates (US), Blue Yonder Group, Inc. (JDA Software) (US), Cerner (US), Jump Technologies (US), LogiTag Systems (US), Harris Affinity (US), Premier (US), Accurate Info Soft (US), Hybrent (US), and Arvato Systems (Germany).