According to Arizton’s latest research report, the healthcare supply chain management market is growing at a CAGR of 9.01% during 2023-2029.
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Report Scope
Market Size (2029): $5.73 Billion
Market Size (2023): $3.42 Billion
CAGR (2023-2029): 9.01%
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Component, Development, End-User, and Geography
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Key Market Trends and Drivers
Personalized and Patient-Centric Healthcare: The healthcare industry is shifting towards personalized and patient-centric care, significantly impacting supply chain management. This trend focuses on optimizing the supply chain to meet individual patient needs, utilizing data analytics, predictive modeling, and customized delivery models. By ensuring the right products are available at the right time and place, healthcare providers can enhance patient outcomes and satisfaction.
Adoption of AI and RFID Tracking: The integration of Artificial Intelligence (AI) and Radio Frequency Identification (RFID) tracking in healthcare supply chains is revolutionizing the industry. AI-driven algorithms improve demand forecasting, inventory optimization, and procurement processes, while RFID technology ensures real-time visibility and traceability of medical products, reducing the risk of stockouts and errors.
Increasing Digital Transformation and Automation: Digitalization and automation are transforming healthcare supply chain management. Cloud-based systems, advanced analytics, and robotic process automation (RPA) are streamlining processes from procurement to distribution. These technologies enable healthcare organizations to reduce costs, improve efficiency, and enhance patient care.
Segment Analysis
Component: The market is segmented into software & services and hardware. Software & services, including planning & procurement, dominate the market and are expected to continue growing as healthcare organizations prioritize digital transformation.
Development: The cloud-based segment is experiencing the fastest growth, driven by the demand for scalable, flexible, and accessible solutions that reduce upfront investments.
End-User: Healthcare manufacturers hold the largest market share, with a focus on improving operational efficiency, ensuring product quality, and adapting to regulatory changes.
Geographical Insights
North America leads the global healthcare supply chain management market, accounting for over 40% of the market share. The region’s growth is fueled by the digitization of healthcare operations, adoption of cloud-based solutions, and a strong emphasis on cost containment and operational efficiency.
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Key Vendors
Oracle
Cardinal Health
TECSYS
SAP
Arvato
McKesson
Blue Yonder Group
BlueBin
Curvo Labs
Epicor
Global Healthcare Exchange
Harris Affinity
Hybrent
Infor
Jump Technologies
LogiTag
Manhattan Associates
Medsphere Systems
PAR Excellence Systems
Premier
Vizient
Anaplan
Inventory Optimization Solutions (IOS
Provista
Sortly
Symplr
Workday
Marg ERP Ltd.
Swisslog Healthcare
Tradogram
Weproc
ZOHO
Segmentation & Forecast
Component
Software & Services
Planning & Procurement
Inventory & Warehousing
Hardware
Barcode & Barcode Scanners
RFID Tags & Readers
Deployment
On-Premises
Cloud-Based
End-user
Healthcare Manufacturers
Healthcare Providers
Distributors and Retailers
Logistic Companies
Geography
North America
The U.S.
Canada
Europe
Germany
The U.K.
France
Italy
Spain
APAC
Japan
China
India
Australia
South Korea
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Turkey
South Africa
Saudi Arabia
Key Questions Answered in the Report:
How big is the global healthcare supply chain management market?
What is the growth rate of the global healthcare supply chain management market?
What are the key drivers of the global healthcare supply chain management market?
Who are the major players in the global healthcare supply chain management market?
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