Global Healthcare Supply Chain Market Size (2022-2030) Share, Industry Trends, Growth, Challenges, and Forecast: Custom Market Insights

The Global Healthcare Supply Chain Market was estimated at around USD 2.54 billion in 2021 and is expected to reach USD 3.2 billion in 2022 growing at a CAGR of nearly 16.5% from 2022 to 2030. The market is projected to reach approximately USD 6.89 billion by 2030.

Healthcare Supply Chain Market offers a comprehensive and deep evaluation of the market stature. Also, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis.

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The Healthcare Supply Chain Market: Overview

The production, distribution, and delivery of medications and other healthcare supplies to patients are ensured by a complex network of systems, elements, and procedures known as the healthcare supply chain. Supply chain management aims to establish a competitive logistics infrastructure, increase net value, and synchronize supply and demand for goods so that performance can be assessed.

This is done by planning, designing, implementing, controlling, and monitoring the flow of various commodities and services. Over the forecast period, the market is expected to develop due to increased demand for quality inventory management systems and healthcare providers' increasing attempts to cut costs and enhance supply.

The Healthcare Supply Chain Market: Growth Drivers

• Increasing the use of SCM software to accelerate the market's growth

Healthcare supply chain management includes all operations related to the production, procurement, storage, and delivery of many products, including medicines, medical equipment, and surgical supplies. Due to the benefit of managing numerous processes on a single platform.

The market growth is anticipated to be boosted by the rising usage of software-based systems due to the rise in online shopping and the demand for eco-friendly logistics. The software also helps hospitals and medical practices adhere to and provide value-based care, fueling the expansion of the healthcare supply chain industry.

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• Solutions for supply chain management are becoming more popular

The program encourages and supports transparency between primary, ancillary, and non-acute care providers to ensure the effective delivery of services and processes. Healthcare supply chain management software can help hospitals and medical practices follow regulations and deliver value-based care. The healthcare supply chain management market is developing due to emerging nations' growing embrace of supply chain management solutions, including hardware and software.

The Healthcare Supply Chain Market: Key Insights

A) As per the analysis shared by our research analyst, the Healthcare Supply Chain market is estimated to grow annually at a CAGR of around 16.5% over the forecast period (2022-2030).
B) In terms of revenue, the Healthcare Supply Chain market size was valued at around USD 2.54 Billion in 2021 and is projected to reach USD 6.89 Billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
C) Based on component segmentation, the software segment is estimated to hold the largest market share during the forecast period, and the services category is anticipated to grow consistently.
D) Based on delivery mode segmentation, the cloud-based delivery mode segment is the leading revenue-generating category during the forecast period.
E) Based on geography/region, the North American region was the leading revenue generator in 2021.

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The Healthcare Supply Chain Market: Regional Landscape

The North American healthcare supply chain management industry held the biggest market share or over 40% of the total market. The U.S., with more than 780 thousand enterprises, is the world's largest employer in the healthcare industry, which is one of the reasons why the area dominates the market.

Additionally, the U.S. spends about twice as much on healthcare as other nations, which in 2020 accounted for 19.7% of its GDP. The Asia Pacific market is anticipated to see the greatest CAGR throughout the projected period. This is attributed to the rise of nations like India, China, South Korea, and Singapore as the top choices for big pharmaceutical corporations looking for places for drug manufacture, pathological testing, and clinical trials. As a result, pharmaceutical firms either outsource to or invest in CDMO firms.

The Healthcare Supply Chain Market: Key Players

SAP SE
Oracle Corporation
McKesson Corporation
Tecsys Inc.
Global Healthcare Exchange
Infor Inc.
Cardinal Health
Determine
Epicor
Manhattan Associates

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The Healthcare Supply Chain Market: Segments

By Component

Software
Hardware
Services

By Delivery mode

On-premises
Cloud-based
Web-based

The Healthcare Supply Chain Market: Regions

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

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