The Healthcare Supply Chain Management Market is Set to Reach $5.73 Billion by 2029 - Arizton

According to Arizton’s latest research report, the healthcare supply chain management market is growing at a CAGR of 9.01% during 2023-2029.      

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Report Scope        

Market Size (2029): $5.73 Billion       

Market Size (2023): $3.42 Billion       

CAGR (2023-2029): 9.01%        

Historic Year:  2020-2022       

Base Year: 2023       

Forecast Year: 2024-2029       

Market Segmentation: Component, Development, End-User, and Geography   

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Key Market Trends and Drivers 

• Personalized and Patient-Centric Healthcare: The healthcare industry is shifting towards personalized and patient-centric care, significantly impacting supply chain management. This trend focuses on optimizing the supply chain to meet individual patient needs, utilizing data analytics, predictive modeling, and customized delivery models. By ensuring the right products are available at the right time and place, healthcare providers can enhance patient outcomes and satisfaction. 
• Adoption of AI and RFID Tracking: The integration of Artificial Intelligence (AI) and Radio Frequency Identification (RFID) tracking in healthcare supply chains is revolutionizing the industry. AI-driven algorithms improve demand forecasting, inventory optimization, and procurement processes, while RFID technology ensures real-time visibility and traceability of medical products, reducing the risk of stockouts and errors. 
• Increasing Digital Transformation and Automation: Digitalization and automation are transforming healthcare supply chain management. Cloud-based systems, advanced analytics, and robotic process automation (RPA) are streamlining processes from procurement to distribution. These technologies enable healthcare organizations to reduce costs, improve efficiency, and enhance patient care.  

Segment Analysis 

• Component: The market is segmented into software & services and hardware. Software & services, including planning & procurement, dominate the market and are expected to continue growing as healthcare organizations prioritize digital transformation. 
• Development: The cloud-based segment is experiencing the fastest growth, driven by the demand for scalable, flexible, and accessible solutions that reduce upfront investments. 
• End-User: Healthcare manufacturers hold the largest market share, with a focus on improving operational efficiency, ensuring product quality, and adapting to regulatory changes.  

Geographical Insights 

North America leads the global healthcare supply chain management market, accounting for over 40% of the market share. The region's growth is fueled by the digitization of healthcare operations, adoption of cloud-based solutions, and a strong emphasis on cost containment and operational efficiency.    

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Key Vendors 

• Oracle 
• Cardinal Health 
• TECSYS 
• SAP 
• Arvato 
• McKesson 
• Blue Yonder Group 
• BlueBin 
• Curvo Labs 
• Epicor 
• Global Healthcare Exchange 
• Harris Affinity 
• Hybrent 
• Infor 
• Jump Technologies 
• LogiTag 
• Manhattan Associates 
• Medsphere Systems 
• PAR Excellence Systems 
• Premier 
• Vizient 
• Anaplan 
• Inventory Optimization Solutions (IOS 
• Provista 
• Sortly 
• Symplr 
• Workday 
• Marg ERP Ltd. 
• Swisslog Healthcare 
• Tradogram 
• Weproc 
• ZOHO  

Segmentation & Forecast 

• Component 
• Software & Services 
• Planning & Procurement 
• Inventory & Warehousing 
• Hardware 
• Barcode & Barcode Scanners 
• RFID Tags & Readers 
• Deployment 
• On-Premises 
• Cloud-Based 
• End-user 
• Healthcare Manufacturers 
• Healthcare Providers 
• Distributors and Retailers 
• Logistic Companies 
• Geography 
• North America 
• The U.S. 
• Canada 
• Europe 
• Germany 
• The U.K. 
• France 
• Italy 
• Spain 
• APAC 
• Japan 
• China 
• India 
• Australia 
• South Korea 
• Latin America 
• Brazil 
• Mexico 
• Argentina 
• Middle East & Africa 
• Turkey 
• South Africa 
• Saudi Arabia    

Key Questions Answered in the Report:       

How big is the global healthcare supply chain management market? 

What is the growth rate of the global healthcare supply chain management market? 

What are the key drivers of the global healthcare supply chain management market? 

Who are the major players in the global healthcare supply chain management market?    

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