Press release
Digital Pharmaceutical Supply Chain Management Market Sees Surge in Demand Due to Automation and Supply Chain Transparency Needs
Digital Pharmaceutical Supply Chain Management Market
The global Digital Pharmaceutical Supply Chain Management market is estimated to reach over USD 1,865.3 million by the year 2031, exhibiting a CAGR of 8.1% during the forecast period.
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The pharmaceutical industry in India is undergoing a transformative digital shift, particularly in the optimization of supply chain operations. Innovative startups are leveraging advanced technologies to enhance the efficiency, transparency, and security of the pharmaceutical supply chain. This evolution is being driven by artificial intelligence (AI)-enabled solutions, which provide actionable insights that significantly improve operational visibility, service delivery, and the overall customer experience.
Digital logistics management platforms are playing a critical role in enabling prompt and reliable delivery services, thereby increasing operational efficiency through automation and digitization. The importance of these solutions became particularly evident during the COVID-19 pandemic, when consumer reliance on e-commerce and digital platforms for essential goods surged. Moving forward, the adoption of mobile-based healthcare supply chain management (SCM) systems by manufacturers and service providers is expected to further propel market growth.
Mobile applications have become integral to modern SCM frameworks, especially those equipped with GPS functionality. These tools facilitate real-time vehicle tracking via smartphones and sensors, thereby enhancing supply chain visibility across both developed and emerging markets.
List of Prominent Players in the Digital Pharmaceutical Supply Chain Management Market:
• McKesson Corporation
• Mediceo Corporation
• Palantir Technologies, Inc.
• Jump Technologies, Inc.
• InterSystems Corporation
• Tecsys
• Oracle
• SAP
• Infor
• Terso Solutions
• CenTrak (HALMA plc)
• Biolog-id
• TraceLink
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Market Dynamics
Drivers:
The growing adoption of advanced technologies within the logistics sector is a key driver of market expansion. These digital solutions are enabling logistics providers to optimize operations and reduce operational costs. Additionally, the rapid rise in internet usage and the growth of the e-commerce sector have created a heightened demand for efficient and timely delivery services. Online consumers increasingly expect accurate order fulfillment, expedited shipping, and seamless return processes. In response, businesses are investing in innovative models and technologies to automate distribution networks, digitize logistics planning, and streamline the movement of goods. These advancements are particularly enhancing fulfillment capabilities, including last-mile delivery and return management, thereby meeting evolving consumer expectations.
Challenges:
While digitization has accelerated, especially following the COVID-19 pandemic, this shift has introduced new operational challenges. The pandemic exposed vulnerabilities in traditional supply chains, compelling companies across industries-such as food and beverage, manufacturing, and logistics-to increase investments in automation and digital supply chain solutions. Despite these advancements, maintaining complex global supply chain networks remains difficult for many organizations, which underscores the urgent need for digital transformation. The ongoing disruptions have reinforced the importance of resilient and responsive digital supply chain systems, thereby driving further market demand.
Regional Trends:
The Asia-Pacific region is projected to hold a significant share of the digital pharmaceutical supply chain management market and is anticipated to experience robust growth in the coming years. This growth is primarily attributed to the widespread adoption of digital technologies in countries such as China, India, and other emerging Asian economies. Technological innovations-including the integration of Internet of Things (IoT), Artificial Intelligence (AI), and cloud-based platforms-are playing a pivotal role in advancing supply chain efficiency and visibility, thereby accelerating market development across the region.
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Recent Developments:
• In Feb 2022, Oracle announced the addition of new capabilities for logistics management to Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The enhancements to Oracle Fusion Cloud Transportation Management and Oracle Fusion Cloud Global Trade Management enable businesses to reduce costs and risk, enhance customer experience, and become more resilient to business disruptions.
Segmentation of Digital Pharmaceutical Supply Chain Management Market-
By Product Insights-
• Software
• Hardware
• Services
By Delivery Insights-
• Cloud-based
• Web-based
• On -premises segments
By Software Modules-
• Planning & Analytics
• Procurement
• Manufacturing
• Logistics
• Inventory management
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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InsightAce Analytic Pvt. Ltd.
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