Healthcare Supply Chain Management Market 2022-2028: Global Size, Share, Growth, Trends

Precision Business Insights published a research report on "Healthcare Supply Chain Management Market - Global/Region/Country Forecast to 2028".

Supply chain management (SCM) is a critical part of the healthcare business that necessitates strategic material management & distribution systems in order to reduce costs and improve efficiency while providing high-quality patient care. In the healthcare industry, supply chain systems ensure that pharmaceuticals, surgical kits, as well as medical devices are delivered to the right location at the right time. Medical products are distributed through a well-run value chain system, resulting in high-quality patient care. As healthcare expenses have risen, healthcare providers as well as manufacturers have been driven to make medical services more accessible to the general public. However, the prices of healthcare supply chains are rising as a result of disconnected manual operations, medicine counterfeiting, a lack of supply chain visibility, and hidden costs.

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Increasing demand for cloud-based solutions, the proliferation of funds from organisations, rising pressure on healthcare providers to improve operational efficiency, an increase in the number of unique device identification (UDI) initiatives by the FDA, and rising drug counterfeit products in the pharmaceutical industry are some of the factors that will likely speed up the growth of the medical supply chain management market in the forecast period of 2022-2028. On the other hand, the widespread use of mobile-based solutions, as well as the use of artificial intelligence and analytics, as well as block chain management, will increase different opportunities, resulting in the expansion of the healthcare supply chain management market throughout the projection period. The healthcare supply chain management market's growth would be hampered by high maintenance and implementation costs during the forecast period.

On the basis of End-User, the market is segregated into Distributors, Manufacturers, and Providers. On the basis of Component, the market is categorized into Software and Hardware. On the basis of Delivery, the market is divided into Web-Based, Cloud-Based, and On-Premises. Cloud-based had the greatest market share in 2021, and it is expected to increase at a CAGR of 10.67 percent over the forecast period. Software that does not begin from a server in the same place as the end-user is referred to as cloud-based. To put it another way, the software isn't installed locally.

North America continues to lead the healthcare supply chain management market, owing to the increasing number of unique device identification initiatives and the prevalence of improved healthcare infrastructure, whereas Asia-Pacific is expected to grow at the fastest rate from 2022 to 2028, owing to the availability of mobile-based healthcare solutions and technological advancement.

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Some of the major key players in the Healthcare Supply Chain Management Market are SAP SE, TECSYS, McKesson, Jump Technologies, JDA, BluJay Solutions, Oracle Corporation, Kinaxis, Infor, HighJump, Manhattan Associates, LogiTag Systems and more.

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