Press release
Global Healthcare Supply Chain Management Research Methodology Report: Analysis: Growth Challenges, Opportunities and Forthcoming Developments
Flow of various types of products is involved in healthcare supply chain with participation of several stakeholders. Its main purpose is to deliver products in a time frame to fulfill the needs of providers. The global healthcare supply chain management market is expected to grow at high rate due to increasing adoption of technological advancements in healthcare.Drivers:
Increasing focus of the healthcare industry on supply chain management in order to effectively reduce costs of supply chain, growing efforts to deliver quality supply chain management services, and increasing penetration as well as adoption of components such as cloud-based solutions are the major factors driving growth of the global healthcare supply chain management market. Moreover, continuous developments by key players of the market are also fueling the market growth. For instance, in 2019, SAP SE and Microsoft Corporation partnered in order to improve adoption of SAP Cloud Platform and SAP S/4 HANA on Microsoft Azure by consumers.
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Restraints:
High costs associated with the implementation of supply chain is the major factor restraining growth of the global healthcare supply chain management market.
Regional Insights:
North America dominates the global healthcare supply chain management market due to growing adoption of GS1 standards in the region. Moreover, increasing technological advancements in healthcare system and presence of several key players of the market such as McKesson Corporation, TECSYS, Cardinal Health, and Global Healthcare Exchange are also propelling the market growth. For instance, in September 2018, Tecsys announced the first interactive assessment tool of the healthcare industry for IDN (integrated delivery network) supply chain transformation readiness.
Competitive Section:
Key players of the global healthcare supply chain management market are SAP SE, Oracle Corporation, Infor, Global Healthcare Exchange, (GHX), McKesson Corporation, TECSYS, Jump Technologies, LogiTag Systems, Manhattan Associates, Cerner, and JDA Software.
In 2019, Oracle Corporation launched a blockchain application, Intelligent Track and Trace.
In February 2020, Infor acquired Intelligent InSite, a leading provider of healthcare software and services.
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