Healthcare Supply Chain Management Global Market Demand Analysis, Manufacturers Share, Regions, Risk Analysis, Driving Forces and Application, Forecast To 2033

The healthcare supply chain management market size has grown rapidly in recent years. It will grow from $2.69 billion in 2023 to $3.07 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to cost control, regulatory compliance, need for inventory management, vendor collaboration, demand forecasting.

The healthcare supply chain management market size is expected to see rapid growth in the next few years. It will grow to $4.97 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to telehealth expansion, value-based care, increasing sustainability, regulatory changes, supply chain resilience. Major trends in the forecast period include digitalization and automation, predictive analytics, iot and rfid tracking, blockchain for transparency, lean and agile supply chain.

Market Overview -
Healthcare supply chain management refers to a process that efficiently manages the workflow of the supply of medical goods and services from manufacturers to patients. It involves obtaining resources, managing supplies, and delivering goods and services to providers and patients.

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Globalization's Role In Driving Healthcare Supply Chain Management Growth
The increasing globalisation is expected to propel the growth of the healthcare supply chain management market going forward. Globalization is being used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Globalization improved healthcare management by improving healthcare knowledge and providing low-cost healthcare technologies.For example, the International Monetary Fund, a US-based financial institution, predicts that the global economy will grow by 5.9% in 2021, based on data from the International Monetary Fund. Therefore, increasing globalisation is driving the growth of the healthcare supply chain management market.

Competitive Landscape -
Major companies operating in the healthcare supply chain management market include Advocate Health Care, Banner Medical Innovations Inc., SAP AG Group, Oracle Corporation, McKesson Corporation, TECSYS Inc., Global Healthcare Exchange LLC, Cardinal Health Inc., Determine Epicor, Llamasoft Ltd., Manhattan Associates, Blue Yonder Group Inc., Cerner Corporation, Jump Technologies Inc., LogiTag Systems, Harris Affinity, Premier Ltd., Accurate InfoSoft Pvt. Ltd., Hybrent Inc., Arvato Systems, Jabil Inc., AmerisourceBergen Corporation, Avery Dennison Corporation, Ascension Health, Providence Health & Services, Spectrum Health, Ochsner Health System, Aspen Technology Inc., Infor Global Solutions, Henry Schein Inc., Manhatten Associates, Becton, Dickinson and Company, Owens & Minor Inc., Medtronic plc, Novo Nordisk AS, Stryker Corporation, F. Hoffmann-La Roche AG, Scripps Health, Boston Scientific Corp., Biogen Inc., Johnson & Johnson Services Inc.

Product Innovations Reshaping The Healthcare Supply Chain Management Market
Product innovations are a key trend gaining popularity in the healthcare supply chain management market. Major companies operating in the healthcare supply chain management sector are focused on developing new product innovation solutions to strengthen their position. For instance, in January 2021, Oracle, a US-based healthcare supply chain management software company, expanded its Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) with new capabilities to help customers across industries decrease costs, make better planning decisions, and improve customer experience.

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Key Segments -
The healthcare supply chain management market covered in this report is segmented -
1) By Component: Software Application, Hardware Type
2) By Delivery Mode: On-Premise, Cloud Based
3) By End-User: Healthcare Providers, Healthcare Manufacturers, Other End-Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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