The need for speedy distribution of healthcare products and services is of critical importance, thus boosting the healthcare supply chain management market. Reports created by MRFR detail the developments in the industry that can be expected in the market through the forecast period. The worldwide market is projected to record an 8.2 % CAGR in the forecast period.
The creation of a strong competitive logistics infrastructure is estimated to guide the advance of the healthcare supply chain management market companies in the future. The availability of funding and customization is estimated to further boost the healthcare supply chain management market.
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Segmental Analysis
The segmental evaluation of the healthcare supply chain management market is carried out based on models, function, delivery mode, technology, software, end-users, and region. The models segment of the healthcare supply chain management market has been segmented into continuous replenishment model, make-to-stock model, build-to-order, and chain assembly. The technology segment of the healthcare supply chain management market has been segmented into radio frequency identification (RFID), a barcode, global positioning system (GPS), the internet of things, and big data. The function segment of the healthcare supply chain management market has been segmented into inventory management and procurement, warehousing, and distribution, forecasting and planning, internal logistics and operations, reverse and extended logistics. The region segment of the healthcare supply chain management market has been segmented into Europe, the Middle East, Asia Pacific, the Americas, and Africa. The software segment of the healthcare supply chain management market has been segmented into execution tools and planning tools. The end users’ segment of the healthcare supply chain management market has been segmented into logistics companies and distributors, healthcare providers, and pharmaceutical and biotech companies. The delivery mode segment of the healthcare supply chain management market has been segmented into web-based and on-premise.
Detailed Regional Analysis
The regional examination of the healthcare supply chain management market has been segmented into Europe, the Middle East, Asia Pacific, the Americas, and Africa. The Americas’ healthcare supply chain management market is anticipated to dominate the global market due to the presence of a large presence of eminent biotech and pharmaceutical companies, an advanced healthcare sector, along with government proposals, and the upsurge in demand for medical devices. The European region is one of the world’s foremost exporter of medicinal and pharmaceutical products and the upsurge in export and import for healthcare-related products will augment the market in this region. The Asia Pacific healthcare supply chain management market due to the increasing incidence of prolonged illness and an upsurge in the call for pharmaceutical products & medical devices is likely to develop quickly.
Competitive Analysis
The market is appraised to be stimulated by an increased development upsurge that is bracing the contenders who are active in the market. The competition in the market is estimated to flare-up following the disruption created by the COVID- pandemic. The emphasis on ensuring sustainability in long-term operations is estimated to be a key cause for development in the upcoming period. The trends in the market are estimated to bolster the progress in the worldwide market. The tendency to invest and expand capacities is estimated to create a promising scope for the market in the impending years. The change in several regulations that are running the development of the market is estimated to impact the innovations that can be seen in the global market. The increased contribution of online channels towards the swell in transactions is predicted to further encourage the advancement of the market in the future. The government intervention in the creation of opportunities that can incentivize the development of key regions in the market is predicted to further add an optimistic touch to the proceedings in the market.
The promising contenders in the healthcare supply chain management market are GHX (US), Infor (US), Oracle (US), Advocate Health Care (Murray, UT), TECSYS (Canada), McKesson (US), SAP (Germany), Manhattan Associates (US), LogiTag Systems (Israel), Jump Technologies (US), JDA Software (US), and others.
Industry Updates:
Mar 2021 SATO, an international auto-ID solutions supplier, introduced the CT4-LX-HC compact desktop printer to tackle healthcare identification needs in the healthcare supply chain. SATO's smart connectivity solution includes feedback from operators on the business's front lines to reduce the stress connected to firmware updates, making settings, and handling label designs for efficient printing of labels to circumvent medical incidents.
Mar 2021 McKesson Corporation, a worldwide healthcare business, revealed a new partnership with Vanderbilt Health Rx Solutions (VHRxS), a nationwide leader in specialty pharmacy strategy and application, to advance VHRxS’s full suite of specialty pharmacy consulting services to McKesson’s health system customers. This new, dedicated offering from VHRxS will balance the experience of McKesson, which has presented industry-leading pharmacy services.
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