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Healthcare Supply Chain Management Market worth USD 10.14 billion by 2031, growing at a CAGR of 14.5% - Exclusive Report by SNS Insider

06-10-2024 10:58 PM CET | Health & Medicine

Press release from: SNS Insider

Healthcare Supply Chain Management Market

Healthcare Supply Chain Management Market

The global Healthcare Supply Chain Management Market is projected to experience significant growth, with its market size expected to surge from USD 3 billion in 2023 to USD 10.14 billion by 2031. This represents a robust compound annual growth rate (CAGR) of 14.5% from 2024 to 2031. The increasing complexity of healthcare supply chains, driven by the need for efficient management of resources, advanced technologies, and regulatory compliance, is propelling this growth.

Healthcare supply chain management encompasses the planning and execution of all activities involved in sourcing, procurement, conversion, and logistics management. It also includes the coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In the healthcare industry, an efficient supply chain ensures that the right medical products are delivered at the right time to the right place, improving patient care and reducing costs.

Market Analysis
The rising demand for efficient healthcare supply chain management solutions is attributed to several factors, including the growing need for real-time data analytics, advancements in technology, and an increased focus on value-based care. The integration of advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and blockchain is revolutionizing supply chain processes, offering enhanced visibility, traceability, and efficiency.

Download Free Sample Report of Healthcare Supply Chain Management Market @ https://www.snsinsider.com/sample-request/1051

List of Healthcare Supply Chain Management Companies Profiled in Report:
- AmerisourceBergen Corporation
- Biolog-ID
- CenTrak (HALMA plc)
- Infor
- Intermountain Healthcare
- InterSystems Corporation
- LogiTag Systems
- Mckesson Corporation
- Mediceo Corporation
- Oracle
- Palantir Technologies, Inc.
- Providence Health & Services
- SAP SE
- SpendVu
- STERLING HEALTHCARE LOGISTICS.
- Tecsys
- Terso Solutions
- ump Technologies, Inc.
- Vizient Inc.
- VUEMED

Key Drivers of Market Growth
- Technological Advancements: The adoption of IoT, AI, and blockchain technology is significantly improving the efficiency and accuracy of supply chain management in healthcare. These technologies enable real-time tracking, predictive analytics, and secure transactions, thereby reducing errors and improving overall supply chain performance.
- Rising Need for Real-Time Data Analytics: Healthcare organizations are increasingly relying on data-driven insights to optimize their supply chain operations. Real-time data analytics helps in forecasting demand, managing inventory, and ensuring timely delivery of medical products.
- Focus on Value-Based Care: The shift towards value-based care is driving the need for efficient supply chain management. Healthcare providers are focusing on improving patient outcomes while reducing costs, and a streamlined supply chain is critical to achieving these objectives.
- Regulatory Compliance: Stringent regulations and standards in the healthcare industry necessitate robust supply chain management solutions. Compliance with regulations ensures the safety and quality of medical products, which is paramount in the healthcare sector.

Recent Developments in the Healthcare Supply Chain Management Market
• In March 2023, Oracle Corporation announced the launch of its Oracle Healthcare Supply Chain Cloud, a comprehensive solution designed to improve the efficiency and transparency of healthcare supply chains. This cloud-based platform provides real-time visibility, predictive analytics, and advanced reporting capabilities to healthcare organizations.
• In February 2023, McKesson Corporation partnered with IBM to integrate IBM's AI and blockchain technologies into its supply chain management systems. This collaboration aims to enhance the traceability and security of pharmaceutical products throughout the supply chain.

Market Segmentation

By Product
• Software
• Hardware
• Barcodes
• RFID Tags
• Services

By End-User
• Healthcare Manufacturers
• Healthcare Providers
• Distributors
• Logistics

By Mode of Delivery
• On-premise
• Cloud-based

Have Any Query? Ask Our Experts @ https://www.snsinsider.com/enquiry/1051

Regional Analysis
North America is expected to hold the largest market share throughout the forecast period. The dominance of this region can be attributed to the advanced healthcare infrastructure, the presence of leading technology companies, and the increasing focus on digital transformation in the healthcare sector. The United States, in particular, is a key contributor to the healthcare supply chain management market, driven by the adoption of advanced technologies and the increasing demand for efficient and scalable supply chain solutions.

Impact of the COVID-19 Pandemic on the Healthcare Supply Chain Management Market:
The COVID-19 pandemic has highlighted the critical importance of efficient supply chain management in healthcare. The unprecedented demand for medical supplies, coupled with supply chain disruptions, has accelerated the adoption of advanced supply chain management solutions. Healthcare organizations are now more focused on building resilient and agile supply chains to mitigate the impact of future disruptions.

Impact of Economic Slowdown on the Healthcare Supply Chain Management Market:
An economic slowdown could potentially affect the healthcare supply chain management market, as healthcare organizations may prioritize essential services and postpone investments in advanced supply chain solutions. However, the long-term benefits of efficient supply chain management in reducing costs and improving patient care may encourage continued investments in this market, mitigating the impact of an economic slowdown.

Key Takeaways for Market Report Purchasers
• A comprehensive analysis of the Healthcare Supply Chain Management Market, encompassing current trends, growth drivers, and challenges.
• Insightful segmentation of the market by Component, Deployment Mode, and Geography, providing a thorough understanding of each segment's dynamics.
• Evaluation of the impact of global events such as the COVID-19 pandemic and economic slowdown on the market's growth trajectory.
• In-depth examination of key regional developments and the factors influencing market dominance.

The Healthcare Supply Chain Management Market is poised for significant growth, driven by technological advancements, the rising need for real-time data analytics, and the focus on value-based care. As healthcare organizations continue to invest in advanced supply chain management solutions, the market is expected to reach USD 10.14 billion by 2031, offering substantial opportunities for stakeholders in the healthcare sector.

Purchase Healthcare Supply Chain Management Market Report @ https://www.snsinsider.com/checkout/1051

Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Healthcare Supply Chain Management Market Dynamics
Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter's 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Healthcare Supply Chain Management Market Segmentation, By Product
Chapter 9 Healthcare Supply Chain Management Market Segmentation, By End-User
Chapter 10 Healthcare Supply Chain Management Market Segmentation, By Mode of Delivery
Chapter 11 Regional Analysis
Chapter 12 Company profile
Chapter 13 Competitive Landscape
Chapter 14 Use Case and Best Practices
Chapter 15 Conclusion
Continued…

For more information and to access the full report, visit: https://www.snsinsider.com/reports/healthcare-supply-chain-management-market-1051

Contact Us:
Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 | +91-7798602273 (IND)

About US:
SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.

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