Healthcare Supply Chain Management Market Shows Strong Growth with Leading Players
The demand for competitive logistics infrastructure is one
of the key factors that is fuelling the expansion of the market. The escalating
globalization and expanding businesses are anticipated to boost the development
of the market in the forecast period. The escalating demand for customization
is expected to motivate the development of the market in the forecast period.
The need to optimize costs is driving the application of the
healthcare supply chain management globally. Market reports connected with the
healthcare industry have been made offered by Market Research Future which
creates reports on other business verticals that summaries the existing market
scenarios. Healthcare
Supply Chain Management Market is anticipated to develop at an 8.2 % CAGR
in the duration of the forecast period.
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Competitive Analysis:
Improved accessibility to diverse resources and capabilities
is expected to impel the growth of the market in the coming forecast period.
The use of effective strategy execution techniques is anticipated to bear
positively on the future growth of the market. Furthermore, the vertical
integrations and product strategies of the market is increasing the potential
for the market players. The players in the market are seeking to create various
leaderships that will aid in capturing a more important share of the market.
Product differentiation has formed a promising product differentiation scenario
that is supplementing the market’s progress. The analysis of the market states
that it is poised for an elevated growth rate in the forthcoming years.
The prominent contenders in the healthcare supply chain
management market are Manhattan Associates (US), LogiTag Systems (Israel), SAP
(Germany), Infor (US), Oracle (US), TECSYS (Canada), GHX (US), JDA Software
(US), McKesson (US), Jump Technologies (US), Advocate Health Care (Murray, UT),
and others.
Segmental Analysis:
The segmentation of the health supply chain management
market is carried out on the basis of delivery mode, functions, software,
technology, models, and end users. On the basis of models, the market has been
segmented into make-to-stock model, continuous replenishment model,
build-to-order, chain assembly and others. Based on function, the market is
segmented into inventory management and procurement, warehousing, and
distribution, internal logistics and operations, forecasting and planning,
reverse and extended logistics and others. By delivery mode, the market is
segmented into web-based, on-premise, and others. Based on software, the market
is segmented into execution tools and planning tools. The planning tools
segment is sub-segmented into supplier and vendor management, forecasting and
inventory management, production and sales planning, others. The execution
tools are additionally sub-segmented into order processing and status tracking,
warehouse management and others. Based on technology, the market is segmented
into radio frequency identification (RFID), barcode, internet of things, global
positioning system (GPS), big data and others. On the basis of end users, the
market consists of logistics companies and distributors, pharmaceutical and
biotech companies, healthcare providers, and others.
Detailed Regional Analysis:
The regional analysis of the healthcare supply chain
management market states that the Americas region is projected to control the
healthcare supply chain management market globally. The presence of an
established healthcare sector, the occurrence of a big number of top biotech
and pharmaceutical companies there, coupled with government initiatives, and
rising technological advancement, surge in the demand of medical devices is
expected to boost the development of the market. The distributing of medical
devices and generation of a large amount of revenue support for the supply
chain management in the healthcare sector. The European region is anticipated
to control the next major place in the global market for healthcare supply
chain management. The growth in import and export for healthcare related
products is expected to boost the market in this region. The Asia Pacific
region is predicted to be a rapidly growing region in the market owing to the
mounting prevalence of chronic diseases and an upsurge in demand for medical
devices and pharmaceutical products.
Also, the augmented spending in the healthcare sector is
anticipated to increase the development in this market. On the other hand, the
Middle East & African region is responsible for the smallest portion of the
market. The market of this region is anticipated to be led by the Middle
Eastern region owing to an advanced healthcare sector and rising government
initiatives for the healthcare sector.
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Market Research Future
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