Market Scenario:
Healthcare supply chain management involves all activities related to the flow of materials such as planning, execution, control, and monitoring in the healthcare business. The market for Global Healthcare Supply Chain Management Market is projected to grow at a CAGR of 8.2 % during the review period of 2019 to 2023.
The demand for competitive logistics infrastructure is one of the key factors that is fuelling the expansion of the market. The escalating globalization and expanding businesses are anticipated to boost the development of the market in the forecast period. The escalating demand for customization is expected to motivate the development of the market in the forecast period.
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Prominent Vendors:
Some of the leading vendors operating in the market are:
- SAP
- McKesson
- TECSYS
- JDA Software
- Healthcare Logistics
- GHX
- VUEMED
- Omnicell and more.
Segments:
To generate an accurate understanding of the global healthcare supply chain management market, the report is segregated by models, functions, delivery mode, software, technology, end users, and regions.
Based on the models, the market is segmented into make-to-stock model, build-to-order, continuous replenishment model, chain assembly and others.
Based on the functions, the market is segmented into forecasting and planning, inventory management and procurement, internal logistics and operations, warehousing and distribution, reverse and extended logistics and others.
Based on the delivery mode, the market is segmented into on-premise and web-based.
Based on the software, the market is segmented into planning tools and execution tools. The planning tools are further sub-segmented into forecasting and inventory management, supplier and vendor management, production and sales planning, others. The execution tools are further sub-segmented into warehouse management, order processing, and status tracking and others.
Based on the technology, the market is segmented into a barcode, radio frequency identification (RFID), a global positioning system (GPS), internet of things and big data, others.
Based on the end users, the market is segmented into pharmaceutical and biotech companies, logistics companies and distributors, healthcare providers and others.
Based on regions, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa.
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Regional analysis:
North America led by the U.S. accounts for the most significant market share owing to the faster adoption of technology, the presence of global players and concerns over the healthcare delivery.
Europe led by Germany, U.K., and France is projected to secure the second largest market owing to the creation of the common economic market resulting in the greater cross-border flow of goods.
However, the Asia Pacific region led by China, Japan, and India is expected to be the fastest growing market. The Middle East and Africa market are anticipated to be driven by the Gulf nations of Saudi Arabia, Qatar, and UAE.
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