Healthcare Supply Chain Management Market Growing at a CAGR of 7.8% During Forecast Period 2020-2025

January 5, 2021
Blessy

Healthcare Supply Chain Management Market size is estimated to be $2 billion in 2019, growing at a CAGR of 7.8% during the forecast period 2020-2025. Increasing demand for better patients care coupled with government regulation, company’s determination to reduce the healthcare expenditure is a significant factor driving the Healthcare Supply Chain Management Market during the forecast period 2020-2025. Furthermore, advances in new technology, such as edge computing, IoT and cloud storage, are anticipated to generate sufficient prospects for propulsion of the market growth of healthcare supply chain management market. Furthermore, healthcare supply chain management is the regulation of the flow of medical goods and services from manufactures to patient. The supply chain generally refers to the resources needed to deliverer goods or services to a customer. Moreover, healthcare supply chain management allows manufacturers, distributors and pharmacies to carry significantly smaller inventories thereby helping companies to make substantial improvements in their saving and offer pharmaceutical products and medical devices at an affordable price which in turn is boosting the healthcare supply chain management market.

Key Takeaways

  • Software dominated the healthcare supply chain management market in 2019 owing its benefits to its benefits to help stakeholders like provider, distributor and supplier ease the ordering and receiving of medical supplies and products.
  • Cloud- based delivery mode is projected to be growing with a CAGR of 6.3% during the forecast period 2020-2025.
  • North America dominated the healthcare supply chain management market in 2019 owing to the technological development, improved industrial infrastructure, presence of large data centers and a higher rate of adoption of new technologies in the region.

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Geography- Segment Analysis

North America accounted for 38% of the healthcare supply chain management market share in 2019 owing to the technological development, increasing healthcare expenditure, improved industrial infrastructure, presence of large data centers and a higher rate of adoption of new technologies in the region. Moreover, Healthcare Supply Chain Management in Asia Pacific is estimated to grow at highest rate during the forecast period 2020-2025.

Drivers –Healthcare Supply Chain Management Market

  • Growing adoption of IOT Devices
  • Increase Demand of Storage Space

Healthcare Supply Chain Management Market Industry Outlook 

Healthcare Supply Chain Management Market top 10 companies are Advocate Healthcare, Banner Medical, AmerisourceBergen Corporation, Intermountain Healthcare, McKesson Corporation, SAP AG Group, Vizient Inc, Oracle Corporation, Providence Health & Services and Ascension Health Inc.

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