Pune, India, June 29, 2021 (GLOBE NEWSWIRE) — Global Healthcare Supply Chain Management Market Size| 2021 Covid-19 Impact On Healthcare Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2028 is latest study published by Fortune Business Insights. The global healthcare supply chain management (SCM) market is set to gain traction from the surging adoption of blockchain technology for transaction purposes.
It would help in tapping into the process of the movement of medical products and medicines. Clinical Supply Blockchain Working Group (CSBWG), a Biogen and Pfizer-led firm, for instance, developed a proof of concept project in August 2019 to track events and fulfil digital inventory requirements in the pharmaceutical industry. This information is given by Fortune Business Insights™ in a report, titled, “Healthcare Supply Chain Management Market, 2021-2028.” As per the report, the market size was USD 1.87 billion in 2020. It is projected to grow from USD 2.14 billion in 2021 to USD 5.40 billion in 2028 at a CAGR of 14.2% in the forecast period.
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Global Healthcare Supply Chain Management Market Highlights:
The Healthcare Supply Chain Management Market report offers an in-depth analysis of the Active Pharmaceutical Ingredient industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry.
The development scope, feasibility study, Healthcare Supply Chain Management Market concentration, and maturity analysis is elaborated in this report.
Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.
A list of prominent healthcare supply chain management companies in the global market:
- Henry Schein, Inc. (Melville, New York, United States)
- McKesson Corporation (Irving, Texas, US)
- Oracle (Austin, United States)
- Ascension (St. Louis, Missouri, US)
- Advocate Health Care, Inc. (Milwaukee, Wisconsin, US)
- Tecsys Inc. (Montreal, Canada)
- Banner Health (Phoenix, Arizona, US)
- Syft (Tampa, Florida)
- Ochsner Health System (Louisiana, US)
- Providence Health Service (Renton, Washington, US)
- Other Players
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Drivers & Restraints-
Increasing Online Purchases to Compel Firms to Opt for Software-based Systems
The adoption of software-based healthcare supply chain management systems is increasing rapidly nowadays. This is occurring because of the increasing preference for eco-friendly logistics and the rising number of online purchases worldwide. A wide range of activities, such as transportation, storage, procurement, and manufacturing of pharmaceuticals, medical devices, and surgical supplies can be done efficiently with software-based systems. According to a survey conducted by Sage Growth Partners, in March 2019, 86% of hospitals believed that SCM can enhance care quality, while 87% believed that it can accelerate margins by more than 1%. However, inadequate value analysis and data collection may hamper the healthcare supply chain management market growth.
The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Healthcare Supply Chain Management Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.
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Segments-
Hardware Segment Procured 19.5% Share in 2020: Fortune Business Insights™
Based on the end-user, the market is divided into healthcare providers, healthcare manufacturers, and others. By the delivery mode, it is fragmented into cloud-based and on premise deployment. Lastly, based on the components, it is trifurcated into software, services, and hardware. Amongst these, the hardware segment generated 19.5% in terms of the healthcare supply chain management market share in 2020. The software segment is set to remain at the forefront because of the rising need to manage structural workflows efficiently in healthcare organizations.
Report Coverage-
We employ iterative and comprehensive research techniques focusing on minimizing deviance. We use a combination of top-down and bottom-up approaches for estimating and segmenting quantitative aspects of the parents market. At the same time, data triangulation is used to look at the market from three perspectives. Simulation models were used to gather data about the forecasts and estimates of this industry.
Regional Insights-
Surging Deployment of Novel Software Solutions to Help North America Grow
Geographically, North America earned USD 0.96 billion in 2020 in terms of revenue. This growth is attributable to the increasing deployment of unique software and the rising number of new product launches in the region. On the other hand, Europe remained in the second position in 2020 on account of the surging awareness regarding the requirement of healthcare supply chain management solutions among providers.
Competitive Landscape-
Key Players Focus on New Software Developments to Cater to High Consumer Demand
The market houses a large number of local and international companies. Most of them are striving persistently to keep up with the high demand from customers by launching innovative software solutions. Below are the two industry developments:
- September 2020: Syft introduced a new solution on the Syft Synergy® enterprise supply chain management platform. It is called the decedent management and tracking solution. It enables users to monitor and track decedents through hospitals to funeral homes. It was developed in partnership with Barnes-Jewish Hospital.
- June 2020: Blue Yonder joined hands with DHL Supply Chain for developing an integrated warehouse robotics management system. It would enable customers to standardize operations and onboarding data for numerous types of warehouse robotics across various vendors.
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Some major points from Table of Content:
- Introduction
- Market Scope
- Market Segmentation
- Market Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- New Component Launch
- Impact of COVID-19 on Healthcare SCM Market
- Overview of Regulatory Scenario
- Impact on Supply Chain of Pharmaceuticals/Medical Devices Amid the Pandemic
- Key Industry Developments – Mergers, Acquisitions, and Partnerships
- Global Healthcare Supply Chain Management Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Component
- Software
- Hardware
- Services
- Market Analysis, Insights and Forecast – By Delivery Mode
- On-premise
- Cloud-based
- Market Analysis, Insights and Forecast – By End User
- Healthcare Providers
- Healthcare Manufacturers
- Others
- Market Analysis, Insights and Forecast – By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Continued…
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