Global Healthcare Supply Chain Management Market, Product Type (Healthcare supply chain management Analysers, POC Test Kits, Healthcare supply chain management Analyser Kits and Reagents), Application (Basic Metabolite Panel, Liver Function Test, Electrolyte Panel, Kidney Function Test, Lipid Profile, Specialty Chemical Test, Thyroid Profile, Other Biochemical Tests), End-User (Hospitals, Pathology Laboratories, Maternity Centres, Outpatient Centres, Clinics) - Industry Trends and Forecast to 2030.
Healthcare Supply Chain Management Market Analysis and Size
The supply chain for pharmaceutical products is crucial in the healthcare business for guaranteeing a high standard of care for patients and appropriate medicine supplies for pharmacies. In terms of cost, it's estimated that supply contributes for 25-30% of hospital operating expenses. As a result, this must be controlled efficiently in order to meet both service and cost goals. Software segment is expected to dominate the market owing to high demand for cloud-based solutions across the sector
Data Bridge Market Research analyses that the healthcare supply chain management market which was USD 2.5 billion in 2022, would rocket up to USD 4.47 billion by 2030, and is expected to undergo a CAGR of 8.55% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Healthcare Supply Chain Management Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Healthcare supply chain management Analysers, POC Test Kits, Healthcare supply chain management Analyser Kits and Reagents), Application (Basic Metabolite Panel, Liver Function Test, Electrolyte Panel, Kidney Function Test, Lipid Profile, Specialty Chemical Test, Thyroid Profile, Other Biochemical Tests), End-User (Hospitals, Pathology Laboratories, Maternity Centres, Outpatient Centres, Clinics)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa
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Market Players Covered
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MEDICAL Information Technology Inc. (U.S.), SAP (Germany), CPSI (U.S.), Meta (U.S.), Elinext (U.S.), EPIC Systems Corporation (U.S.), INFOR (U.S.), Cognizant (U.S.), Oracle (U.S.), Jag products LLC (U.S.), Allscripts Healthcare LLC (U.S.), Optum Inc. (U.S.), Cerner Corporation (U.S.), Change Healthcare (U.S.), Koninklijke Philips N.V. (Netherlands), athenahealth (U.S.), eClinicalWorks (U.S.)
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Market Opportunities
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Market Definition
Increasing adoption of cloud-based software solutions by healthcare professionals is one of the key factors driving the market. Significant improvements in supply chain management solutions with respect to data security are boosting their adoption. Some of the key end-users of healthcare supply chain management are hospitals, clinics and physician offices, and diagnostic labs. Pharmaceutical and medical device manufacturers, distributors, logistics, and healthcare organizations are also key end-users of this market. The changing health of the people is a trend driving supply chain innovation.
Global Healthcare Supply Chain Management Market Dynamics
Drivers
- Rising Pressure on Healthcare Providers
In the forecast period of 2023 to 2030, rising demand for cloud-based solutions, prevalence of funds from organisations, rising pressure on healthcare providers to improve operational efficiency, growing number of unique device identification (UDI) initiatives by the FDA, and increasing drug counterfeiting in the pharmaceutical industry are some of the factors that will likely accelerate the growth of the healthcare supply chain management market. On the other hand, the widespread use of mobile-based solutions, and the use of artificial intelligence and analytics, and blockchain management, will increase different opportunities, resulting in the expansion of the healthcare supply chain management market over the projection period.
- Expanding Acceptance of Supply Chain Management Solutions
To enable efficient delivery of services and procedures, the software promotes and supports transparency between primary, ancillary care, and non-acute care providers. Hospitals and medical practises can use healthcare supply chain management software to comply with regulations and provide value-based care. The expanding acceptance of supply chain management solutions, including hardware and software, in emerging economies is boosting the market for healthcare supply chain management.
- Expanding Data in the Healthcare Sector
The expansion of the healthcare supply chain management market is being aided by expanding data in the healthcare sector, improvements in the supply chain network of manufacturers, and growing acceptance of supply chain management solutions, including hardware and software, in emerging nations. A healthcare facility's supply chain management (SCM) processes must be updated.
Opportunity
- Increasing Pharmaceutical and Software Company Collaboration
The global medical supply chain management market is expected to grow steadily in the coming years, thanks to rising demand for cloud-based solutions, increased pharmaceutical and software company collaboration, improvements in the supply chain management product portfolio, and the emergence of technological advancements in the healthcare supply chain.
Restraint/Challenge
- High Maintenance and Implementation Cost
High maintenance and implementation cost which will hamper the growth of the healthcare supply chain management market in the above mentioned forecast period.
This healthcare supply chain management market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the healthcare supply chain management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In March 2020, Epson America, Inc., a subsidiary of Japan's Seiko Epson Corporation, has teamed with 3D HoloGroup (U.S.) to offer Epson's AR glasses. 3D HoloGroup (U.S.) specialises in AR software architecture and systems integration. 3D HoloGroup specialises in Augmented Reality (AR) software architecture and systems integration, and is on pace to offer the most comprehensive range of AR gear and accessories on the market.
Global Healthcare Supply Chain Management Market Scope
The global medical supply chain management market is analyzed and market size, volume information is provided by application, product type and end-user as referenced above. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
The healthcare supply chain management market is segmented on the basis of application, product type and end-user . The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Healthcare supply chain management Analysers
- POC Test Kits
- Healthcare Supply Chain Management Analyser Kits
- Reagents
Application
- Basic Metabolite Panel
- Liver Function Test
- Electrolyte Panel
- Kidney Function Test
- Lipid Profile
- Specialty Chemical Test
- Thyroid Profile
- Other
End-User
- Hospitals
- Pathology Laboratories
- Maternity Centres
- Outpatient Centres
- Clinics
Global Healthcare Supply Chain Management Market Region Analysis/Insights
The healthcare supply chain management market is analyzed and market size, volume information is provided by application, product type and end-user as referenced above. The regions covered in the global healthcare supply chain management market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa
The countries covered in the global healthcare supply chain management market report are U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa
North America dominates the healthcare supply chain management market due to the growing number of unique device identification initiative along with prevalence of improved healthcare infrastructure. Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to the availability of mobile based healthcare solutions along with technical advancement. Moreover, the high adoption of electric vehicles coupled with the rapidly expanding semiconductor industry is further estimated to accelerate the expansion over the forecast period. region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Semiconductor Infrastructure Growth Installed Base and New Technology Penetration
The global healthcare supply chain management market also provides you with a detailed market analysis for every region’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global healthcare supply chain management market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2015 to 2020.
Competitive Landscape and Global Healthcare Supply Chain Management Market Share Analysis
The global healthcare supply chain management market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the company’s focus related to the global healthcare supply chain management market.
Some of the major players operating in the global healthcare supply chain management market are:
- MEDICAL Information Technology Inc. (U.S.)
- SAP (Germany)
- CPSI (U.S.)
- Meta (U.S.)
- Elinext (U.S.)
- EPIC Systems Corporation (U.S.)
- INFOR (U.S.)
- Cognizant (U.S.)
- Oracle (U.S.)
- Jag products LLC (U.S.)
- Allscripts Healthcare LLC (U.S.)
- Optum Inc. (U.S.)
- Cerner Corporation (U.S.)
- Change Healthcare (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- athenahealth (U.S.)
- eClinicalWorks (U.S.)
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