The major players in the global healthcare supply chain management market include Oracle Corporation (U.S.), In for (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), and SAP AG Group (Germany) amongst others.
The healthcare supply chain management market is projected to reach USD 2.22 billion by 2021 from USD 1.45 billion in 2016, growing at a CAGR of 8.9% during the forecast period. The healthcare supply chain management market is categorized on the basis of component, delivery mode, end user, and region.
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A healthcare supply chain management can be optimized and the costs and porosity contained in a number of efficient ways.
Some of the ways suggested by healthcare experts in this regard include. People in charge of supplies in many hospitals make an unsound use of resources by ordering supplies that are a lot less needed than others simply because they are expensive or appear to be more important than they are.
Healthcare Supply Chain Management Market, By Component
3 Purchasing Management Software
4 Supplying Management Software
5 Procurement Software
6 Capital Purchasing Software
7 Strategic Sourcing Software
8 Transportation Management Software
9 Inventory Management Software
10 Order Management Software
11 Warehouse Management Software
12 Consignment Management Software
13 Implant Management Software
14 Tissue Management Software
16 Barcodes and Barcode Scanners
Key factors that are expected to spur growth of healthcare supply chain management market are increasing awareness of the benefits of adopting efficient supply chain management practices, the need to curtail operating cost by stakeholders in healthcare arena, prevalence of poor inventory management practices amongst hospitals leading to poor quality of patient care, and compliance with regulatory requirements in various countries.
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North American healthcare supply chain management market dominated healthcare supply chain management market in 2015, followed by Europe and Asia. Large share of North American market can be attributed to growing trend amongst hospitals to adopt efficient inventory management practices for improving quality of patient care.
Another driving factor is recent consolidation of hospitals in U.S. which allows new entity to purchase solutions as high cost is now justifiable as it enables them to achieve economies of scale.
2 Empirical Assessment of Growth Strategies
3 Route to Growth: Organic vs Inorganic Strategies
4 Organic Growth Strategies
5 Inorganic Growth Strategies
6 Competitive Situation and Trends
7 Competitive Scenario
8 Agreements, Partnerships, and Collaborations
9 New Product Launches
10 Product Enhancements
12 Product Deployment
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Trend of hospital consolidation in countries such as U.S. offer new growth opportunities for healthcare supply chain management market such as inventory management software catered towards hospitals and ambulatory surgery centers.
The manufacturers in healthcare segment face intense competition. For instance, China is reported to host an estimated 13,000 medical device manufacturers.
North America expected to account for largest share of healthcare supply chain management market in 2016, followed by Europe, Asia-Pacific, & Rest of the World (RoW). Large share and high growth rate of North American region can be attributed to increasing prevalence of chronic diseases, presence of top market players, & growing government initiatives in this region.
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