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Healthcare supply chain management market to hit $2.22 billion by 2022

Healthcare supply chain management market to hit $2.22 billion by 2022

This report studies the global healthcare supply chain management market during the forecast period of 2017 to 2022. This market is expected to reach USD 2.22 Billion by 2022 from USD 1.45 Billion in 2017, at a CAGR of 8.9%.

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Factors such as the Unique Device Identification (UDI) initiative by the FDA, rising adoption of cloud-based solutions, increasing pressure faced by hospitals to improve operational efficiency and profitability, and compliance of the G1 system standards in various countries are driving the growth of the healthcare supply chain management market. Moreover, the superior supply chain performance, mobile-based solutions, and counterfeiting of drugs in the pharmaceutical industry are expected to offer significant growth opportunities for players in the healthcare supply chain management market. On the other hand, the high price of the healthcare supply chain management (SCM) software and fragmented end-user market are expected to restrain the growth of this market.

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There are several factors influencing the growth of healthcare supply chain management market. Companies determined to curb the rising healthcare costs have played a vital role in driving the market growth.

Besides this, the demand for quality inventory management system has helped the market to grow considerably. Other factors such as better patient care as well as compliance with government regulations have also boosted the market growth.

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However, the factors such as high cost associated with the sophisticated software and time taken to implement the software have restricted the market growth to a greater extent. These restraints often result in unjustifiable payback period for SMEs.

The healthcare supply chain management market is segmented based on delivery model, software, hardware, end-customer and geography. Based on the delivery model, the market segments covered in the report are cloud-based, web-based and on premise.

In addition, healthcare supply chain management software includes supplier management software, procurement software, transportation management and others. The hardware segment consists of barcode, RFID, systems and others.

End-customers served by the market consists of healthcare providers, suppliers, distributors and others. The market for healthcare supply chain management is segmented based on geography into North America, Europe, Latin America, Middle East and Africa (LAMEA) and Asia Pacific.

Market By Software

  • Supplier Management Software
  • Transportation Software
  • Procurement Software
  • Others

Market By Hardware

  • System
  • Barcode
  • RFID
  • Others

Market By Delivery Model

  • On premise
  • Cloud based
  • Web based

Market By EndUsers

  • Healthcare Providers
  • Suppliers
  • Distributors
  • Others

Market By Geography

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

KEY PLAYERS

  • SAP AG Group
  • Oracle Corporation
  • McKesson Corporation
  • Providence Health & Services
  • Geisinger Health System
  • AmerisourceBergen
  • Intermountain Healthcare
  • Advocate Health Care

 

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