The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s healthcare supply chain management market report forecasts the healthcare supply chain management market size to grow to $4.21 Billion by 2027, with a CAGR (compound annual growth rate) of more than 12%.

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Healthcare Supply Chain Management Market Size Forecast
The global healthcare supply chain management market is expected to grow from $2.31 billion in 2022 to $2.6 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare supply chain management market size is expected to grow to $4.21 billion in 2027 at a CAGR of 12.8%.

North America held the largest healthcare supply chain management market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Healthcare Supply Chain Management Market Driver ­– Increase In Globalisation
For instance, the International Monetary Fund, a financial organization with US headquarters, projects that the world economy will expand by 5.9% in 2021 based on statistics from the IMF. Hence, the market for healthcare supply chain management is expanding as a result of rising globalization.

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Key Healthcare Supply Chain Management Market Trend – Product Innovations
To strengthen their position, major healthcare supply chain management organizations are focusing on developing novel product innovation solutions. For example, in October 2020, Tecsys, a Canadian company that develops software for managing the healthcare supply chain, will launch a new solution portfolio based on the capabilities of its current software and technology and offering value-added solution roadmaps and resources tailored to the healthcare supply chain. In addition, the US-based software provider Oracle, which specializes in healthcare supply chain management, added new capabilities to its Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) in January 2021 to help clients in a variety of industries reduce costs, make better planning decisions, and improve client experiences.

Healthcare Supply Chain Management Market Segment
1) By Component: Software Application, Hardware Type
2) By Delivery Mode: On-Premise, Cloud Based
3) By End-User: Healthcare Providers, Healthcare Manufacturers, Other End-Users

Healthcare Supply Chain Management Market Major Players and Strategies
Major players in the healthcare supply chain management market are Advocate Health Care, Banner Medical Innovations Inc., SAP AG Group, Oracle Corporation, McKesson Corporation, TECSYS, Global Healthcare Exchange LLC, Cardinal Health Inc., Determine Epicor, LLamasoft, Manhattan Associates, Blue Yonder Group Inc., Jump Technologies Inc., LogiTag Systems, Harris Affinity, Premier, Accurate InfoSoft Pvt. Ltd., Hybrent, Arvato Systems, Jabil Inc., and AmerisourceBergen Corporation.

Symplr, a market leader in healthcare operations solutions for governance, risk assessment, and compliance based in the United States, acquired GreenLight Medical in March 2022 for an undisclosed sum. Through this collaboration, the company hopes to develop a comprehensive platform that will improve expenditure management as well as critical financial and clinical outcomes by leveraging the Greenlight medical software platform, Symplr’s robust data warehouse, and its Hayes clinical evidence software solution. GreenLight Medical is a software developer in the United States that specializes in healthcare supply chain management.

The Healthcare Supply Chain Management Global Market Report 2023 covers regional data on healthcare supply chain management market size, healthcare supply chain management market trends and drivers, opportunities, strategies, and healthcare supply chain management market competitor analysis. The countries covered in the healthcare supply chain management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Healthcare supply chain management refers to a technique for effectively controlling the flow of medical supplies from manufacturers to patients. It entails acquiring resources, controlling supplies, and providing goods and services to suppliers and clients.

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