Product Code: GVR-3-68038-989-0
Healthcare Supply Chain Management Market Growth & Trends:
The global healthcare supply chain management market size is expected to reach USD 5.2 billion by 2030 and is expected to expand at a CAGR of 9.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. The major factors contributing to the industry growth are the growing adoption of such platforms by healthcare providers to improve efficiency and enhance operational affordability. There is a growing demand for RFID systems by medical device manufacturers, pharmaceutical and biopharmaceutical companies, hospitals, and other life sciences companies to control inventory costs in developed countries, which further fuels market growth.
Cloud-based warehouse management systems assist supply chain performance by improving order management and production planning across all warehouse locations. These cloud-based warehouse management systems generate data sets over time, which, in turn, show patterns, making it possible to forecast shifts in demand. Furthermore, the adoption of cloud-based warehouse management systems by manufacturers to optimize order management and inventory fulfillment has significantly increased their revenue. Automating pricing and customer approval workflows with a cloud-based application has further reduced order cycle time and helped in improving quality. This has further driven the demand for cloud-based software solutions in the healthcare industry, thus positively impacting market growth.
Key players are also focusing on developing new technologies to help in streamlining the production process. For instance, in March 2019, JDA Software, Inc. and Panasonic Collaboration announced a joint venture. The purpose of the joint venture was to create new solutions for businesses in manufacturing, logistics, and retail fields by combining JDA's comprehensive SaaS software for supply chain management along with Panasonic sensing technologies.
Other factors such as the adoption of GS1 standards and UDI and mobile-based healthcare management solutions also boost the market growth. However, factors such as data privacy and high cost associated with the implementation and maintenance of healthcare supply chain management solutions are likely to restrain the market growth. COVID-19 positively impacted the market growth. Major organizations are shifting toward digitalized supply chain managing solutions for rebuilding their supply chains and creating transparency and resiliency across their supply chain processes.
Software held the largest share in 2021 and is expected to expand at the fastest CAGR during the forecast period. The market growth can be attributed to the growing adoption rate of next-generation cloud computing applications such as supply chain management enterprise resources. By mode of delivery, the cloud-based segment held the largest share in 2021 and is expected to grow at the highest rate during the forecast period. This growth can be attributed to the rising demand for user-friendly technology, cost-effectiveness, and higher adoption rate. The growing penetration of cloud computing among healthcare providers for maintaining inventory and procurement information is further driving the segment.
By end-use, the healthcare manufacturers segment emerged as one of the extremely high potential segments in 2021 and is expected to grow at the fastest rate during the forecast period due to the rising adoption of healthcare supply chain managing solutions for streamlining their manufacturing process. North America dominated the overall market in 2021 with a revenue share of over 30.0%. Asia Pacific is projected to expand at the fastest CAGR of 10.5% in the forecast period due to the growing adoption of GS1 standards in the region to track the visibility of pharmaceutical products.
Healthcare Supply Chain Management Market Report Highlights:
- The demand for cloud-based software is growing due to the focus of manufacturers and providers on achieving higher supplier quality and inventory optimization
- The adoption of cloud-based technology has increased owing to various security breaches on web-based and premise deployment
- North America dominated the overall market in 2021 with a share of over 30.0%. Some of the key factors responsible for the regional growth are the mandatory implementation of GS1 standards and Unique Device Identifiers (UDIs) on pharmaceutical drugs and medical devices
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation and Scope
- 1.2 Market Definition
- 1.3 Research Methodology
- 1.3.1 Information Procurement
- 1.3.1.1 Purchased database
- 1.3.1.2 GVR's internal database
- 1.3.2 Primary Research
- 1.4 Research Scope and Assumptions
- 1.5 List to Data Sources
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segment Outlook
- 2.3 Competitive Insights
- 2.4 Healthcare Supply Chain Management Market Snapshot
Chapter 3 Healthcare Supply Chain Management Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Outlook: Supply Chain Management
- 3.1.2 Related/Ancillary Market Outlook
- 3.1.2.1 Retail Supply Chain Management
- 3.2 Penetration and Growth Prospect Mapping
- 3.3 User Perspective Analysis
- 3.3.1 Consumer Behaviour Analysis
- 3.4 Key End-Users
- 3.5 Standard and Compliances
- 3.6 Market Driver Analysis
- 3.6.1 Adoption Of Gs1 Standard System And Udi
- 3.6.2 Emergence Of Cloud Base Solutions
- 3.6.3 Growing Adoption Of Mobile Based Healthcare Supply Chain Management Solutions
- 3.6.4 Growing Requirement For Reduction In Operating Costs
- 3.7 Market Restraint Analysis
- 3.7.1 Lack Of Data Privacy
- 3.7.2 High-Cost Associated With The Implementation And Maintenance Of Healthcare Supply Chain Management Solutions
- 3.8 Industry Challenges
- 3.8.1 Provider Preference Item Results In Higher Healthcare Cost Without Better Outcome
- 3.8.2 Lack Of Supply Chain Health It Limits Price
- 3.8.3 Facing Inventory Problems
- 3.9 Healthcare supply chain management Market Analysis Tool
- 3.9.1 Industry Analysis - Porter's
- 3.9.1.1 Bargaining power of the suppliers - Moderately low
- 3.9.1.2 Bargaining power of the buyers - High
- 3.9.1.3 Threats of substitution - Low
- 3.9.1.4 Threats from new entrants - high
- 3.9.1.5 Competitive rivalry - High
- 3.9.2 Pest Analysis
- 3.9.2.1 Political & Legal Landscape
- 3.9.2.2 Economic and Social Landscape
- 3.9.2.3 Technology Landscape
- 3.10 Major Deals & Strategic Alliances Analysis
- 3.10.1 Joint Ventures
- 3.10.2 Mergers & Acquisitions
- 3.10.3 Licensing & Partnership
- 3.11 COVID-19 Impact on Healthcare Supply Chain Management Market
Chapter 4 Healthcare Supply Chain Management Market: Competitive Landscape Analysis
- 4.1 Recent Developments & Impact Analysis, By Key Market Participants
- 4.2 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
- 4.2.1 Public Companies
- 4.2.1.1 Company Market Position Analysis
- 4.2.1.2 Company ranking by region
- 4.2.1.3 Regional network map
- 4.2.1.4 Company market position analysis
Chapter 5 Healthcare Supply Chain Management Market: Product Estimates & Trend Analysis
- 5.1 Segment Dashboard
- 5.2 Definitions & Scope
- 5.3 Healthcare Supply Chain Management Market: Product Movement Analysis, 2021 & 2030 (USD Million)
- 5.4 Software
- 5.4.1 Software Market Estimates And Forecasts, 2016 - 2030 (USD Million)
- 5.5 Hardware
- 5.5.1 Hardware market estimates and forecasts, 2016 - 2030 (USD Million)
- 5.5.2 Barcodes
- 5.5.2.1 Barcodes market estimates and forecasts, 2016 - 2030 (USD Million))
- 5.5.3 RFID Tags
- 5.5.3.1 RFID Tags market estimates and forecasts, 2016 - 2030 (USD Million)
- 5.6 Services
- 5.6.1 Services Market Estimates And Forecasts, 2016 - 2030 (USD Million)
Chapter 6 Healthcare Supply Chain Management Market: Mode of Delivery Estimates & Trend Analysis
- 6.1 Segment Dashboard
- 6.2 Definitions & Scope
- 6.3 Healthcare Supply Chain Management Market: Mode of Delivery Analysis, USD Million, 2021 & 2030
- 6.4 Cloud-Based
- 6.4.1 Cloud-Based Market Estimates And Forecasts, 2016 - 2030 (USD Million))
- 6.5 Web-Based
- 6.5.1 Web-Based Market Estimates And Forecasts, 2016 - 2030 (USD Million)
- 6.6 On-Premise
- 6.6.1 On-Premise Market Estimates And Forecasts, 2016 - 2030 (USD Million)
Chapter 7 Healthcare Supply Chain Management Market: End-Use Estimates & Trend Analysis
- 7.1 Segment Dashboard
- 7.2 Definitions & Scope
- 7.3 Healthcare Supply Chain Management Market: End-use Analysis, USD Million, 2021 & 2030
- 7.4 Healthcare Manufacturers
- 7.4.1 Healthcare Manufacturers Market Estimates And Forecasts, 2016 - 2030 (USD Million))
- 7.5 Healthcare Providers
- 7.5.1 Healthcare Providers Market Estimates And Forecasts, 2016 - 2030 (USD Million)
- 7.6 Distributors
- 7.6.1 Distributors Market Estimates And Forecasts, 2016 - 2030 (USD Million)
- 7.7 Logistics
- 7.7.1 Logistics Market Estimates And Forecasts, 2016 - 2030 (USD Million)
Chapter 8 Healthcare Supply Chain Management Market: Regional Estimates & Trend Analysis, By Product, Mode of Delivery, and End-Use
- 8.1 Regional Market Snapshot
- 8.2 Healthcare Supply Chain Management Market Share, By Region, 2021 & 2030, USD Million
- 8.3 SWOT Analysis, by Factor (Political, Legal, Economic and Technological)
- 8.3.1 North America
- 8.3.2 Europe
- 8.3.3 Asia Pacific
- 8.3.4 Latin America
- 8.3.5 Mea
- 8.4 North America
- 8.4.1 Market Estimates And Forecasts, 2016 - 2030 (USD Million)
- 8.4.2 U.S.
- 8.4.2.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.4.3 Canada
- 8.4.3.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.5 Europe
- 8.5.1 Market Estimates And Forecasts, 2016 - 2030 (USD Million)
- 8.5.2 U.K.
- 8.5.2.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.5.3 Germany
- 8.5.3.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.5.4 France
- 8.5.4.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.5.5 Italy
- 8.5.5.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.5.6 Spain
- 8.5.6.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.5.7 Russia
- 8.5.7.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.6 Asia Pacific
- 8.6.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.6.2 China
- 8.6.2.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.6.3 Japan
- 8.6.3.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.6.4 India
- 8.6.4.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.6.5 Australia
- 8.6.5.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.6.6 Singapore
- 8.6.6.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.6.7 South Korea
- 8.6.7.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.7 Latin America
- 8.7.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.7.2 Brazil
- 8.7.2.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.7.3 Mexico
- 8.7.3.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.7.4 Argentina
- 8.7.4.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.8 MEA
- 8.8.1 Market Estimates And Forecasts, 2016 - 2030 (USD Million)
- 8.8.2 South Africa
- 8.8.2.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.8.3 Saudi Arabia
- 8.8.3.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
- 8.8.4 UAE
- 8.8.4.1 Market estimates and forecasts, 2016 - 2030 (USD Million)
Chapter 9 Company Profiles
- 9.1 Jump Technologies, Inc.
- 9.1.1 Company overview
- 9.1.2 Financial performance
- 9.1.3 Product benchmarking
- 9.1.4 Strategic initiatives
- 9.2 TECSYS
- 9.2.1 Company overview
- 9.2.2 Financial performance
- 9.2.3 Product benchmarking
- 9.2.4 Strategic initiatives
- 9.3 LOGI-TAG SYSTEMS
- 9.3.1 Company overview
- 9.3.2 Financial performance
- 9.3.3 Product benchmarking
- 9.3.4 Strategic initiatives
- 9.4 MCKESSON CORPORATION
- 9.4.1 Company overview
- 9.4.2 Financial performance
- 9.4.3 Financial performance
- 9.4.4 Strategic initiatives
- 9.5 ORACLE
- 9.5.1 Company overview
- 9.5.2 Financial performance
- 9.5.3 Product benchmarking
- 9.5.4 Strategic initiatives
- 9.6 SAP
- 9.6.1 Company overview
- 9.6.2 Financial performance
- 9.6.3 Product benchmarking
- 9.7 INFOR
- 9.7.1 Company overview
- 9.7.2 Financial performance
- 9.7.3 Product benchmarking
- 9.7.4 Strategic initiatives
- 9.8 TERSO SOLUTIONS
- 9.8.1 Company overview
- 9.8.2 Financial performance
- 9.8.3 Product benchmarking
- 9.8.4 Strategic initiatives
- 9.9 CEN TRAK (HALMA PLC)
- 9.9.1 Company overview
- 9.9.2 Financial performance
- 9.9.3 Product benchmarking
- 9.9.4 Strategic initiatives
- 9.10 BIOLOG-ID
- 9.10.1 Company overview
- 9.10.2 Financial performance
- 9.10.3 Product benchmarking
- 9.10.4 Strategic initiatives