Healthcare Supply Chain Management Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities

The Healthcare Supply Chain Management Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Healthcare Supply Chain Management Market?
The market size for healthcare supply chain management has seen a quick expansion in recent years. The market is projected to escalate from a value of $3.09 billion in 2024 to approximately $3.52 billion in 2025, growing at a compound annual growth rate (CAGR) of 13.7%. This expansion during the historical period can be linked to factors such as cost regulation, compliance with regulations, the necessity for inventory management, cooperation with vendors and prediction of demand.

Anticipated to experience significant expansion in the upcoming years, the healthcare supply chain management market is projected to reach a value of $5.64 billion by the year 2029, progressing at a compound annual growth rate (CAGR) of 12.5%. The surge during the estimated period is primarily attributed to the expansion of telehealth, advancement towards value-based care, augmented sustainability, changes in regulations, and supply chain resilience. Key trends shaping this sector in the forecasting period are the rise in digitalization and automation, an increase in predictive analytics, the utilization of IoT and RFID tracking, blockchain to enhance transparency, and the lean and agile supply chain.

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What Are the Different Healthcare Supply Chain Management Market 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

Subsegments:
1) By Software Application: Inventory Management Software, Procurement Management Software, Supply Chain Analytics Software, Order Management Software
2) By Hardware Type: Barcode Scanners, RFID Systems, Mobile Computing Devices, Point-Of-Care Devices

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What Are the Primary Drivers Shaping the Healthcare Supply Chain Management Market?
The escalation in globalization is anticipated to drive the expansion of the healthcare supply chain management market. Defined by the growing interdependence of global economies, cultures, and communities through international trade, technology, investment, mobility, and information exchange, globalization enhances healthcare management through the augmentation of healthcare knowledge and the provision of affordable healthcare technologies. As an example, the International Monetary Fund, a financial institution based in the US, forecasted in April 2024 that there would be a 3.2 percent rise in the global economy between 2024 and 2025, a repeat of the growth pace set in 2023. Thus, the rise in globalization fuels the progress of the healthcare supply chain management market.

Which Companies Are Leading in the Healthcare Supply Chain Management Market?
Major companies operating in the healthcare supply chain management market include 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, 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, Boston Scientific Corp., Biogen Inc., Johnson & Johnson Services Inc.

What Are the Major Trends Shaping the Healthcare Supply Chain Management Market?
Leading healthcare supply chain management market players are coming up with advanced solutions like cloud-based platforms. These platforms aim to augment operational proficiency, amplify real-time data visibility and streamline procurement, inventory, and logistics processes within healthcare institutions. Cloud-based systems operate on servers located remotely and can be accessed via the Internet, replacing traditional local or on-premise servers. For example, United Parcel Service (UPS) Inc., an American supply chain management and shipping & receiving firm, unveiled UPS Supply Chain Symphony for UPS Healthcare in March 2024. This cloud-based solution is designed to bolster healthcare supply chain management by consolidating various logistics components into one unified system. With this tool, users can effectively manage and visualize warehouse and transportation data, receiving valuable insights that can greatly enhance supply chain operations. It offers traceability from the start to finish of shipment plus on-demand reports about UPS deliveries, warehouse conditions, and inventory statuses.

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What Are the Top Revenue-Generating Geographies in the Healthcare Supply Chain Management Market?
North America will be the largest region in the 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 healthcare supply chain management market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Healthcare Supply Chain Management Market?
2. What is the CAGR expected in the Healthcare Supply Chain Management Market?
3. What Are the Key Innovations Transforming the Healthcare Supply Chain Management Industry?
4. Which Region Is Leading the Healthcare Supply Chain Management Market?

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