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Global “Healthcare Supply Chain Management Market” to 2021 - Growing at 8.9% CAGR - Know the Top Trends and Insights

Press Release   •   Jan 22, 2018 06:13 EST

The healthcare supply chain management market is projected to reach USD 2.22 billion by 2021 from USD 1.45 billion in 2016, growing at a CAGR of 8.9% during the forecast period. These companies adopt various strategies (agreements, partnerships, & collaborations; mergers & acquisitions; new product launches; product enhancements; expansions; & product deployment) to increase their shares & establish a stronger foothold in global healthcare supply chain management market.

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The healthcare supply chain management market is highly competitive, due to the presence of several big and small firms with similar product offerings. These companies adopt various strategies (agreements, partnerships, and collaborations; mergers and acquisitions; new product launches; product enhancements; expansions; and product deployment) to increase their shares and establish a stronger foothold in the global healthcare supply chain management market.

Target Audience:

  • Healthcare IT Service Providers
  • Healthcare Institutions/Providers (Hospitals, Medical Groups,)
  • Physician Practices, Diagnostic Centers, and Outpatient Clinics
  • Healthcare Medical Device Manufacturers
  • Pharmaceutical Companies
  • Healthcare ERP Solution Providers
  • Healthcare Software Solution Providers
  • Venture Capitalists
  • Private Equity Firms
  • Angel Investors
  • Investment Banks
  • Government Bodies
  • Corporate Entities

In this report, healthcare supply chain management market has been segmented on the basis of component, delivery mode, end user, and region. Based on component, the market has been segmented into software and hardware. The software segment is expected to account for the largest share in 2016. The large share of this segment is mainly attributed to the increased efficiency and reduced costs offered by software solutions.

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The healthcare supply chain management market is highly competitive, due to the presence of several big and small firms with similar product offerings. These companies adopt various strategies (agreements, partnerships, and collaborations; mergers and acquisitions; new product launches; product enhancements; expansions; and product deployment) to increase their shares and establish a stronger foothold in the global healthcare supply chain management market.

Prominent players in market are as follows

  • SAP SE (Germany),
  • Oracle Corporation (U.S.),
  • Infor Inc. (U.S.),
  • Global Healthcare Exchange (GHX) (U.S.),
  • McKesson Corporation (U.S.),
  • TECSYS Inc. (Canada),
  • Jump Technologies, Inc. (U.S.),
  • LogiTag Systems Ltd. (Israel)

Global healthcare supply chain management market is segmented into web-based, on-premise, and cloud-based delivery modes. The web-based segment is estimated to account for largest share of global healthcare supply chain management market in 2016. Web-based models help to reduce operational and administrative expenses. This advantage is contributing to large share of this segment.

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Strategies such as expansion, partnerships, agreements, collaborations, joint ventures, and acquisitions were also adopted by a significant number of market players to strengthen their market presence in the market. However, the trade barriers and environmental issues resulting from healthcare supply are key challenges for the growth of market players.

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