In a recently published report, Healthcare Supply Chain Management Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Healthcare Supply Chain Management Market products.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global Healthcare Supply Chain Management Market is valued approximately USD 1.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.5% over the forecast period 2020-2026. Today, the health care industry is beneath an immense pressure to provide high-quality care, as patients are increasingly demanding better medical facilities and services from patients around the world. Thus, healthcare organization and medical facilities are strictly following supply chain management practices. Healthcare supply chain management is concerned with the regulation of the flow of medical good & services from manufacturer to patients. Healthcare supply chain management includes managing supplies, obtaining resources and distributing services to providers and patients. To finalize the process, information about medical products and services usually run through several autonomous stakeholders that includes manufacturers, insurance companies, healthcare providers, hospitals, group purchasing organizations and various regulatory agencies.
Increasing pressure faced by healthcare providers to improve operational efficiency and profitability, implementation of the unique device identification (UDI) initiative by the FDA and rise in demand of medical devices are the few factors responsible for high CAGR of the market over the forecast period. According to Statista, globally, the medical device production was about $679 billion in 2016 which is expected to reach around $786 billion in 2018. Also, it is projected that the medical device production would grow to almost $894 billion by 2020. This, in turn, is expected to accelerate the demand for healthcare supply chain management, thus contributing to the growth of the global market. In addition, the COVID-19 infections is widely spreading globally thus, the demand of essential life-saving devices and other essential medical supplies to prevent the spread of this pandemic and provide optimum care to the infected also widens. Therefore, this factor is further contemplating the need of healthcare supply chain management around the world. However, high costs related to maintenance and implementation of healthcare supply chain management solutions is one of the prime factors expected to restrain the growth of the market over the forecast period of 2020-2026.
The regional analysis of global Healthcare Supply Chain Management market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing patient burden in the US, and implementation of various strategies to improve healthcare supply chain management in Canada. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to the availability of mobile-based solutions of healthcare supply chain management and the implementation of technologically advanced solutions in the countries like China and India.
Major market player included in this report are:
Oracle
SAP
McKesson
Tecsys
Infor
Global Healthcare Exchange (GHX)
Manhattan Associates
JDA Software Group
Cerner
Jump Technologies
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Software
Hardware
By Delivery Mode:
On-Premises
Cloud-Based
By End-User:
Manufacturers
Distributors
Healthcare Providers
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Healthcare Supply Chain Management Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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TABLE OF CONTENTS
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Healthcare Supply Chain Management Market, by Region, 2018-2026 (USD Billion)
1.2.2. Healthcare Supply Chain Management Market, by Component, 2018-2026 (USD Billion)
1.2.3. Healthcare Supply Chain Management Market, by Delivery Mode, 2018-2026 (USD Billion)
1.2.4. Healthcare Supply Chain Management Market, by End-User, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Healthcare Supply Chain Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Healthcare Supply Chain Management Market Dynamics
3.1. Healthcare Supply Chain Management Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Healthcare Supply Chain Management Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Healthcare Supply Chain Management Market, by Component
5.1. Market Snapshot
5.2. Global Healthcare Supply Chain Management Market by Component, Performance – Potential Analysis
5.3. Global Healthcare Supply Chain Management Market Estimates & Forecasts by Component 2016-2026 (USD Billion)
5.4. Healthcare Supply Chain Management Market, Sub Segment Analysis
5.4.1. Software
5.4.2. Hardware
Chapter 6. Global Healthcare Supply Chain Management Market, by Delivery Mode
6.1. Market Snapshot
6.2. Global Healthcare Supply Chain Management Market by Delivery Mode, Performance – Potential Analysis
6.3. Global Healthcare Supply Chain Management Market Estimates & Forecasts by Delivery Mode 2016-2026 (USD Billion)
6.4. Healthcare Supply Chain Management Market, Sub Segment Analysis
6.4.1. On-Premises
6.4.2. Cloud-Based
Chapter 7. Global Healthcare Supply Chain Management Mark
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