Digital Healthcare Supply Chain Management Market Poised for 12.3% Growth, Set to Hit $4.86 Billion by 2029

What industry-specific factors are fueling the growth of the digital healthcare supply chain management market?
The digital healthcare supply chain management market's expansion is expected to be fuelled by the surging acceptance of cloud computing. Cloud computing, defined as the provision of computing services over the internet on-demand, encompasses servers, storage, databases, networking, software, and analytics. The reasons for the rapidly growing use of cloud computing are numerous: scalability, cost-effectiveness, adaptability, improved collaboration, and the convenience of accessing resources and applications from any location with internet. Cloud computing assists digital healthcare supply chain management by simplifying data sharing, enhancing inventory tracking and providing real-time analytics, all of which lead to more efficient operations and improved patient outcomes. For example, as reported by Eurostat, a Luxembourg-based intergovernmental organization, in December 2023, 42.5% of EU enterprises utilized cloud computing in 2023, primarily to host their email systems and electronic file storage, marking a 4.2% increase from 2021. Consequently, cloud computing's rising popularity fuels the growth of the digital healthcare supply chain management market.

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What Is the projected market size and growth rate for the digital healthcare supply chain management market?
The market size for digital healthcare supply chain management has seen considerable enlargement of late. There is a projected rise from $3.51 billion in 2024 to $3.95 billion in 2025, marking a compound annual growth rate (CAGR) of 12.5%. Factors contributing to this growth in the historical period include heightened demand for transparency, a growing consciousness of environmental influence, surging need for inventory optimization, an enhanced focus on data security, and escalated attention on patient feedback.

The market size of digital healthcare supply chain management is projected to experience fast-paced expansion in the upcoming years, reaching a value of $6.27 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 12.3%. This growth during the forecasted period can be traced back to factors like enlarging healthcare markets, the enlargement of telehealth, a move towards value-based care, partnerships with technology-focused startups, and growth in e-commerce. Major predicted trends within this period include the usage of sophisticated forecasting tools, automation in inventory management systems, solutions for remote monitoring, the incorporation of artificial intelligence in demand prediction, and the use of intelligent warehousing solutions.

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What new trends are reshaping the digital healthcare supply chain management market and its opportunities?
Leading firms in the digital healthcare supply chain management market are focusing on broadening access to sophisticated digital tools through easier technical setup environments like no-code network digitalization platforms. These aim to improve supply chain operations' efficiency and adaptability. A no-code network digitalization platform is a software solution that enables users to establish, modify, and control digital processes and workflows, sidelining the need for conventional coding skills. For instance, TraceLink, a US-based software enterprise, introduced the Opus platform in September 2024. This marked a crucial milestone in supply chain management as it aids in end-to-end digitalization of supply networks. It comes with distinct features like a no-code design environment, enabling users to arrange intricate supply chain workflows without deep technical expertise. Additionally, it offers real-time insights into supply chain performance via integrated reports and dashboards, along with collective intelligence features that facilitate cooperative decision-making across multiple businesses to foresee and avert supply disruption.

What major market segments define the scope and growth of the digital healthcare supply chain management market?
The digital healthcare supply chain management market covered in this report is segmented -

1) By Product: Software, Hardware, Services
2) By Deployment: On-Premise, Cloud-Based, Web-Based
3) By End-User: Pharmaceuticals, Medical Devices, Biotechnology And Vaccines, Clinical And Point Of Care Diagnostics

Subsegments:
1) By Software: Supply Chain Planning Software, Inventory Management Systems, Transportation Management Systems, Order Management Systems, Analytics And Reporting Software, Others
2) By Hardware: RFID Systems, Barcode Scanners, IoT-Enabled Devices, Storage And Networking Devices, Others
3) By Services: Implementation And Integration Services, Training And Support Services, Consulting Services, Managed Services, Others

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Which region dominates the digital healthcare supply chain management market?
North America was the largest region in the digital healthcare 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 digital healthcare supply chain management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the digital healthcare supply chain management industry growth?
Major companies operating in the digital healthcare supply chain management market are McKesson Corporation, Cardinal Health Inc., International Business Machines (IBM) Corporation, Oracle Corporation, SAP SE, Siemens Healthineers AG, Medline Industries Inc., Infosys Limited, Henry Schein Inc., Avery Dennison Corporation, Vizient Inc., Infor LLC, Veeva Systems Inc., Palantir Technologies Inc., Epicor Software Corporation, InterSystems Corporation, West Monroe Partners LLC, Global Healthcare Exchange LLC, Tecsys Inc., Rishabh Software Pvt Ltd., SYMPLR Inc., Terso Solutions Inc., KareXpert Technologies Pvt Ltd., Mika-Health Inc., Jump Technologies Inc.

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What Is Covered In The Digital Healthcare Supply Chain Management Global Market Report?

•Market Size Forecast: Examine the digital healthcare supply chain management market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the digital healthcare supply chain management market for a structured understanding.
•Key Players Overview: Analyze major players in the digital healthcare supply chain management market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the digital healthcare supply chain management market.
•Segment Contributions: Evaluate how different segments drive overall growth in the digital healthcare supply chain management market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the digital healthcare supply chain management market.
•Industry Challenges: Identify potential risks and obstacles affecting the digital healthcare supply chain management market.
•Competitive Landscape: Review strategic developments in the digital healthcare supply chain management market, including expansions, agreements, and new product launches.

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