Healthcare Supply Chain Management Industry 2026, Size, Share, Trends, Growth, Forecast, Global Market Report

The global Healthcare Supply Chain Management market size is projected to reach US$ 4225.6 million by 2026, from US$ 2267.5 million in 2019, at a CAGR of 9.3% during the forecast period 2021-2026.

Health care is one of the notable, rapidly growing industries globally. It includes various segments such as medical devices, pharmaceuticals, information technology, and services, all of which are developing at a fast pace. This market is expected to reach 3.2 B USD by 2025 from 1.6 B USD In 2018, at a CAGR of 9.3%. On the basis of geography, the market is distributed over five regions: United States, Europe, China, and Japan. United States was the dominant region

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In 2018 owing to the presence of top pharmaceutical companies here, along with the multiple government initiatives, and increased implementation of technologically advanced solutions.

Healthcare supply chain management deals with the informational and physical resources needed for delivering services to the end-customer. In simpler terms, the healthcare supply chain management consists of all activities associated with manufacturing, procuring, storing, and transportation of the different product types such as surgical supplies, medical devices and pharmaceuticals.

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. 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.

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Top Companies in the Healthcare Supply Chain Management Market

o SAP
o Oracle Corporation
o McKesson Corporation
o Geisinger Health System
o AmerisourceBergen
o Intermountain Healthcare
o Advocate Health Care

Healthcare Supply Chain Management Market Breakdown Data by Type

o Supplier Management Software
o Transportation Software
o Procurement Software
o Others

Healthcare Supply Chain Management Market Breakdown Data by Application

o Healthcare Providers
o Suppliers
o Distributors
o Others

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