Published Date: 17-Mar-2020
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report Global Healthcare Supply Chain Management Market, published by KBV Research, The Global Healthcare Supply Chain Management Market size is expected to reach $3 billion by 2025, rising at a market growth of 7.9% CAGR during the forecast period.
The service segment is anticipated to diversify over the forecast period at the high growth rate. Advances in software platforms have stimulated demand for supply chain management services like consulting, support and maintenance, and education and training. The introduction of a number of inventory management and procurement control systems is a key driver of market growth. The Software market dominated the Global Healthcare Supply Chain Management Market by Product in 2018.
The cloud-based delivery mode accounted for the largest revenue share in the market during 2018. The segment is also anticipated to show the fastest growth rate over the forecast period. Increased demand for cost-effective, user-friendly solutions and higher acceptance rates are key factors leading to a large share of the market. On-premise deployment is projected to rise at the fastest CAGR over the forecast period. Organizations have faced various challenges during the deployment of on-premise supply chain management systems related to successful implementation and governance, policies and procedures, recruiting, and training and retention.
The Healthcare Manufacturers market dominated the Global Healthcare Supply Chain Management Market by End Use in 2018. Distributors segment has been estimated to grow exponentially in terms of revenue over the forecast period. Increased demand for supply chain management solutions like software, hardware and tools from primary pharmaceutical distributors to communicate effectively between healthcare providers and manufacturers is among the major factors that influence the growth of this segment.
North America accounted for the largest market share of the revenue in 2018. The continual advancement of healthcare and IT infrastructure and the increasing demand for cloud computing contribute significantly to market growth. Asia Pacific is expected to be the most lucrative market, with the highest CAGR in the coming years. This trend can be attributed to the availability of mobile healthcare supply chain management tools and the growing introduction of technologically advanced solutions in countries like India, China, and Japan.
Structural Insights: https://www.kbvresearch.com/healthcare-supply-chain-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Thermo Fisher Scientific, Inc., LabVantage Solutions, Inc. (TCG Lifesciences), LabWare, Inc., Abbott Laboratories (Abbott Informatics Corporation), LabLynx, Inc., Agilent Technologies, Inc., Waters Corporation, PerkinElmer, Inc., Autoscribe Informatics, Inc., and McKesson Corporation.
By End Use
By Delivery Mode
Unique Offerings from KBV Research