Press release
Rising Need for Efficient Supply Chain Management In Response To Surging Pharmaceutical Product Demand: A Key Factor Shaping the Future of the Pharmaceutical Supply Chain Management Market in 2025
Pharmaceutical Supply Chain Management Market Size
The pharmaceutical supply chain management market has grown strongly in recent years. It will grow from $2.6 billion in 2024 to $2.86 billion in 2025, at a CAGR of 9.9%. The growth is driven by regulatory compliance, globalization, risk management, the demand for personalized medicine, and the push for sustainability.
The pharmaceutical supply chain management market is projected to grow strongly, reaching $3.93 billion by 2029 with a CAGR of 8.3%. Growth is due to precision medicine, resilience planning, data security, e-commerce integration, and real-time monitoring. Trends include digital transformation, technological advancements, collaboration, environmental sustainability, and blockchain adoption.
What Are the Main Catalysts for Growth in the Pharmaceutical Supply Chain Management Market?
The increasing need for pharmaceutical products is set to accelerate the expansion of the pharmaceutical supply chain management market. Pharmaceutical products include drugs and medications developed, produced, and distributed to prevent, treat, or manage various health conditions. Efficient supply chain management ensures the seamless production, distribution, and monitoring of these medications, enabling timely access to essential healthcare products. For example, in June 2023, the European Federation of Pharmaceutical Industries and Associations, a Belgium-based trade association, revealed that the pharmaceutical production value in Europe rose from 347.31 billion USD (€323,950 million) in 2021 to 364.26 billion USD (€340,000 million) in 2022, reflecting a 4.88% increase. Therefore, the growing demand for pharmaceutical products is driving the pharmaceutical supply chain management market.
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Which Businesses Are at the Forefront of Pharmaceutical Supply Chain Management Market Development?
Major companies operating in the pharmaceutical supply chain management market report are McKesson Corporation, AmerisourceBergen Corporation, Cardinal Health Inc., Oracle Corporation, SAP SE, DSV Panalpina, UPS Healthcare, Parexel International Corporation, Spectrum Health Medical Group, Vizient Inc., Catalent Inc., Infor Inc., Epicor Software Corporation, Alvogen Inc., Vetter Pharma International GmbH, Almac Group, Manhattan Associates Inc., Global Healthcare Exchange LLC, CryoPDP, Tecsys Inc., Arvato Supply Chain Solutions, Terso Solution, Logitag Systems, Jump Technologies, Chain.io Inc.
What Are the Latest Innovations in the Pharmaceutical Supply Chain Management Market?
Companies in the pharmaceutical supply chain management sector are introducing advanced multi-enterprise supply chain work management solutions to streamline operations and enhance collaboration. These specialized platforms optimize supply chain processes across multiple organizations within the pharmaceutical industry. In April 2022, TraceLink Inc., a U.S.-based provider of supply chain management solutions, introduced its multi-enterprise supply chain work management solution tailored for healthcare and life sciences industries. This system fosters collaborative networks between companies and their trade partners, improving integrated supply planning and execution. It addresses issues like material shortages, short shipments, and forecast changes through actionable insights and customizable business process templates. The solution enhances fill rates, reduces costs, and improves overall supply chain efficiency.
How Is the Pharmaceutical Supply Chain Management Market Segmented?
The pharmaceutical supply chain management market covered in this report is segmented -
1) By Component: Solution, Service
2) By Deployment Mode: On-Premise, Cloud Based
3) By End-Use: Healthcare Manufacturers, Healthcare Providers, Distributors, Logistics
Subsegments:
1) By Solution: Supply Chain Management Software, Inventory Management Systems, Order Management Systems, Transportation Management Solutions, Warehouse Management Solutions, Track And Trace Solutions, Demand Forecasting Solutions, Cold Chain Monitoring Solutions
2) By Service: Consulting Services, Integration And Implementation Services, Managed Services, Support And Maintenance Services, Logistics And Distribution Services, Training And Education Services
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Where Is the Pharmaceutical Supply Chain Management Market Growth Most Prominent?
Asia-Pacific was the largest region in the pharmaceutical supply chain management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmaceutical supply chain management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Pharmaceutical Supply Chain Management Global Market Report?
- Market Size Analysis: Analyze the Pharmaceutical Supply Chain Management Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pharmaceutical 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 Pharmaceutical 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 Pharmaceutical Supply Chain Management Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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