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Pharmaceutical Supply Chain Management Market: 2023-2030 Trends
Pharmaceutical Supply Chain Management Market
A recent study by Triton Market Research titled Global Pharmaceutical Supply Chain Management Market includes segmented by Deployment Mode (Cloud-based, On-premise), Component (Solution [Planning and Analytics, Transportation Management System, Manufacturing Execution System, Warehouse and Inventory Management System, Procurement and Sourcing], Service [Professional Services, Managed Services]), and Regional Outlook (Middle East and Africa, Europe, North America, Latin America, Asia-Pacific).
Read the Market Summary Here: https://www.tritonmarketresearch.com/reports/pharmaceutical-supply-chain-management-market?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=TritonPR
Pharmaceutical supply chain management involves the strategic management of a product's entire value chain and associated logistics, which requires collaboration among manufacturers, suppliers, distributors, business partners, and consumers from procurement to delivery.
According to Triton's study analysis, the global pharmaceutical supply chain management market is anticipated to rise in revenue to $4203.32 million by 2030, growing at a CAGR of 8.70% during the forecast period 2023-2030.
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The growth of the studied market is anticipated to be propelled by concerns related to drug counterfeiting and the adoption of the GS1 standard. This demand stems from the significant prevalence of pharmaceutical drug counterfeiting, underscoring the necessity for efficient supply chain management solutions. Notably, data from the Pharmaceutical Security Institute reveals a noteworthy uptick in instances of illicit trafficking of counterfeit drugs, with a substantial 38% increase in 2020.
However, the market encounters challenges from regulatory complexities in healthcare data exchange and the considerable expenses associated with supply chain management software.
The pharmaceutical supply chain management market is categorized into deployment mode and component. The deployment mode section includes on-premise and cloud-based. Based on the component, it is branched into solution and service. The solution section further includes the manufacturing execution system, procurement and sourcing, warehouse and inventory management system, planning and analytics, and transportation management system. Further, the service section is divided into managed services and professional services.
Here's a link to our Regional Report Summary: https://www.tritonmarketresearch.com/search-report/Pharmaceutical+Supply+Chain+Management+Market
Asia-Pacific holds the highest share in the pharmaceutical supply chain management market. Technological adoption and wide availability of supply chain management software facilitated by internet and mobile device adoption boost the studied market's growth. Additionally, establishing regional offices in the sizable pharmaceutical industry, like IBM, SAP, and Oracle, contributes to pharmaceutical supply chain management market expansion.
The eminent companies in the pharmaceutical supply chain management market are Oracle Corporation, Cardinal Health Inc, Tecsys Inc, SAP SE, Jump Technologies Inc, Manhattan Associates Inc, Terso Solutions Inc, McKesson Corporation, Infor, and Arvato Group.
Purchase this report @ https://www.tritonmarketresearch.com/reports/pharmaceutical-supply-chain-management-market#purchase-option
Question & Answer: Global Pharmaceutical Supply Chain Management Market
Question 1: What trends drive the pharmaceutical supply chain management market on a growth path?
Answer: The growth of the studied market is anticipated to be propelled by concerns related to drug counterfeiting and the adoption of the GS1 standard. This demand stems from the significant prevalence of pharmaceutical drug counterfeiting, underscoring the necessity for efficient supply chain management solutions. Notably, data from the Pharmaceutical Security Institute reveals a noteworthy uptick in instances of illicit trafficking of counterfeit drugs, with a substantial 38% increase in 2020.
Question 2: What factors restrict the development of the pharmaceutical supply chain management market?
Answer: The market encounters challenges from regulatory complexities in healthcare data exchange and the considerable expenses associated with supply chain management software.
Question 3: Which region dictates the pharmaceutical supply chain management market globally?
Answer: Asia-Pacific holds the highest share in the pharmaceutical supply chain management market. Technological adoption and wide availability of supply chain management software facilitated by internet and mobile device adoption boost the studied market's growth. Additionally, establishing regional offices in the sizable pharmaceutical industry, like IBM, SAP, and Oracle, contributes to pharmaceutical supply chain management market expansion.
Question 4: Which are the eminent companies in the pharmaceutical supply chain management market?
Answer: The eminent companies in the pharmaceutical supply chain management market are Oracle Corporation, Cardinal Health Inc, Tecsys Inc, SAP SE, Jump Technologies Inc, Manhattan Associates Inc, Terso Solutions Inc, McKesson Corporation, Infor, and Arvato Group.
Related Report:
Global Healthcare Analytics Market-
https://www.tritonmarketresearch.com/reports/healthcare-analytics-market
According to Triton Market Research, the global healthcare analytics market is projected to grow at a CAGR of 16.30% during the forecast period 2019-2027.
The surge in population health analytics demand and rising adoption of business intelligence drives market growth. However, the market faces certain restraints, particularly the data security management concern and lack of skilled professionals. Nevertheless, emerging digital technologies such as telehealth create opportunities for the healthcare analytics market.
Global Data Exchange in Healthcare Market-
https://www.tritonmarketresearch.com/reports/data-exchange-in-healthcare-market
Based on estimates by Triton Market Research, the global data exchange in healthcare market is expected to rise at a CAGR of 24.90% over the forecast period 2022-2028.
The drivers for the market are the emergence of data-driven social partnerships and the increasing digitization of healthcare data. However, the growth of data exchange in healthcare market is hindered by security concerns related to patients' sensitive medical data and lack of skilled staff.
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Triton is a leading market research company providing clients with the best online market research data reports. Our offerings include syndicated market insights, customized research reports, and cost-effective consulting services for constructive decision-making.
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