Bharat Book Bureau Provides the Trending Market Research Report on “Global Healthcare Supply Chain Management Market Forecast to 2022” under Technology Media. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.
Healthcare supply chain management market is projected to grow at a CAGR of 8.4%
The global healthcare supply chain management market is projected to reach USD 2.31 billion by 2022 from an estimated USD 1.55 billion in 2017, growing at a CAGR of 8.4% during the forecast period. Growth in the market can primarily be attributed to factors such as increasing pressure on healthcare providers to improve operational efficiency & profitability, implementation of unique device identification (UDI) by the US FDA, and the emergence of cloud-based solutions. However, the high implementation cost of supply chain management solutions is expected to restrain the growth of this market to a certain extent.
The software segment to hold the largest share of the market in 2017
On the basis of component, the market is segmented into software and hardware. In 2017, software segment is expected to command the largest share of the global healthcare supply chain management market. The large share of this segment can be attributed to the benefits it offers, such as increased efficiency, reduced costs, and business intelligence.
The cloud-based segment is projected to grow at the highest CAGR during the forecast period
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By delivery mode, the market is categorized into on-premise and cloud-based segments. The cloud-based segment is expected to grow at the highest CAGR during the forecast period. Cloud-based solutions help healthcare organizations share and integrate information from different locations and these solutions are cheaper to install and maintain than on-premise solutions. All these factors contribute to the high growth and popularity of the cloud-based mode.
North America to witness the highest growth during the forecast period
The North American healthcare supply chain market is expected to grow at the highest CAGR during the forecast period of 2017–2022. Factors such as the consolidation of hospitals, regulatory requirements, rising prevalence of chronic diseases, increasing patient burden in the US, and implementation of various strategies to improve healthcare supply chain management in Canada are driving the growth of the market in this region.
Break of primary participants was as mentioned below:
- By Company Type: Tier I: 55%, Tier II: 25%, Tier III: 20%
- By Designation: C-Level Executives: 43%, Directors: 32%, Others: 25%
- By Region: North America: 38%, Europe: 23%, Asia Pacific : 29%, RoW: 10%
In 2017, SAP (Germany), Oracle (US), Infor (US), and McKesson (US), were the leading players in the healthcare supply chain management market.
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