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Healthcare Supply Chain Management Market: An Assessment of Size, Rate of Growth, Influential Factors and Market Trends
Asset Management in Healthcare: Evaluating Market Size, Evolution and Major Trends from 2024 to 2029What Is The Projected Market Size Of The Global Healthcare Supply Chain Management Market And Its Growth Rate?
The global healthcare supply chain management market has been exhibiting significant growth over the past few years, with future projections indicating this trend is likely to continue.
o Market Size in 2024: $3.09 billion
o Market Size in 2025: $3.52 billion (13.7% CAGR)
o Estimated Market Size in 2029: $5.64 billion (12.5% CAGR)
Factors contributing to this growth include cost control, regulatory compliance, the need for inventory management, vendor collaboration, and demand forecasting.
What Is Driving The Growth In The Healthcare Supply Chain Management Market?
The acceleration of globalization is projected to fuels the growth of the healthcare supply chain management market. This is associated with the increasing interdependence of the world's economies, cultures, and populations, which has been driven by cross-border trade in goods and services, information technology, and flows of investments, people, and information. Globalization has enhanced healthcare management by fostering medical knowledge and providing affordable healthcare technologies. According to the International Monetary Fund's report in April 2024, the global economy is projected to grow at 3.2% throughout 2024 and 2025, a pace similar to that of 2023. As a result, the globalization process is expected to stimulate healthcare supply chain management market growth.
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Who Are the Key Players Driving Healthcare Supply Chain Management Market Growth?
The key operators in the healthcare supply chain management market include:
o SAP AG Group
o Oracle Corporation
o McKesson Corporation
o TECSYS Inc.
o Global Healthcare Exchange LLC
o Cardinal Health Inc.
o Determine Epicor
o Llamasoft Ltd.
o Manhattan Associates
o Blue Yonder Group Inc.
o Cerner Corporation
o Jump Technologies Inc.
o LogiTag Systems
o Harris Affinity
o Premier Ltd.
o Accurate InfoSoft Pvt. Ltd.
o Hybrent Inc.
o Arvato Systems
o Jabil Inc.
o AmerisourceBergen Corporation
o Infor Global Solutions
o Henry Schein Inc.
o Manhatten Associates
o Becton Dickinson and Company
o Owens & Minor Inc.
o Medtronic plc
o Novo Nordisk AS
o Stryker Corporation
o F. Hoffmann-La Roche AG
o Boston Scientific Corp.
o Biogen Inc.
o Johnson & Johnson Services Inc.
What Are The Key Trends In The Healthcare Supply Chain Management Market?
The swell of the healthcare supply chain management market is influenced by certain key trends such as:
o Expanding telehealth sector
o Shift towards value-based care
o Increasing emphasis on sustainability
o Regulatory changes
o Reinforcing supply chain resilience
o Digital transformation and automation
o Predictive analytics
o IoT and RFID tracking
o Use of blockchain for transparency
o Lean and agile supply chain.
What Are The Segments Of The Global Healthcare Supply Chain Management Market?
The coverage of the healthcare supply chain management market in this research is classified into:
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
Which Region Leads The Healthcare Supply Chain Management Market?
North America retains dominance in the healthcare supply chain management market, envisioning to be the largest regional market in 2024. Meanwhile, the Asia-Pacific region is predicted to exhibit rapid growth during the forecast period. The geographical scope of the research includes the Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Healthcare Supply Chain Management Market Global Market Report?
- Market Size Analysis: Analyze the Healthcare Supply Chain Management Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Healthcare Supply Chain Management Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Healthcare Supply Chain Management Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Healthcare Supply Chain Management Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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