How is the Pharmaceutical Supply Chain Management Market Poised for Growth: Trends and Opportunities Through 2034
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What is the Predicted Annual Growth Rate of the Pharmaceutical Supply Chain Management Market Over the Coming Decade?
The market size of pharmaceutical supply chain management has significantly increased in the past few years. The growth is expected to continue, with projections showing an increase from $2.6 billion in 2024 to $2.86 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.9%. Factors such as regulatory compliance, globalization, risk management, the demand for personalized medicine, and sustainability have contributed to the growth observed in the historic period.
In the upcoming years, the pharmaceutical supply chain management market is predicted to experience robust growth, with its value projected to reach $3.93 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.3%. This growth during the forecasted period can be credited to factors such as precision medicine, resilience planning, data security, e-commerce integration, real-time monitoring and visibility, as well as circular economy initiatives. The forecast period is expected to witness significant trends like digital transformation, technological advancements, increased collaboration and visibility, environmental sustainability, advanced analytics and AI integration, along with the adoption of blockchain technology.
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Pharmaceutical Supply Chain Management Market?
Expectations for the pharmaceutical supply chain management market foresee a boost owing to the increasing demand for pharmaceutical products. These products, which encompass a range of medications and drugs intended for disease and condition prevention, treatment, or management, rely heavily on pharmaceutical supply chain management. This ensures effective and timely production, distribution, and tracking of medications, thereby facilitating prompt access to essential health products. In June 2023, data from the European Federation of Pharmaceutical Industries and Associations, a Belgium-based trade and lobbying entity, revealed a rise in the pharmaceutical production value in Europe. It jumped from 347.31 billion USD (323,950 million euros) in 2021 to 364.26 billion USD (340,000 million euros) in 2022, marking a 4.88% increase. This escalating demand increases the prospects for the pharmaceutical supply chain management market. The Rise in Chronic Diseases Fuels Expanding Pharmaceutical Supply Chain Management Market
Request Your Free Pharmaceutical Supply Chain Management Market Report Sample Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=13508&type=smp
What Are the Major Players Making an Impact in the Pharmaceutical Supply Chain Management Market’s Growth?
Major companies operating in the pharmaceutical supply chain management market report are McKesson Corporation, AmerisourceBergen Corporation, Cardinal Health Inc., Oracle Corporation, SAP SE, DSV Panalpina, UPS Healthcare, Parexel International Corporation, Spectrum Health Medical Group, Vizient Inc., Catalent Inc., Infor Inc., Epicor Software Corporation, Alvogen Inc., Vetter Pharma International GmbH, Almac Group, Manhattan Associates Inc., Global Healthcare Exchange LLC, CryoPDP, Tecsys Inc., Arvato Supply Chain Solutions, Terso Solution, Logitag Systems, Jump Technologies, Chain.io Inc.
Which Upcoming Trends Are Set to Influence the Pharmaceutical Supply Chain Management Market’s Path Forward?
Key players in the pharmaceutical supply chain management marketplace are now introducing cutting-edge products including multi-enterprise supply chain work management solutions to simplify supply chain procedures and bolster collaboration throughout the pharmaceutical supply chain. Such a solution is essentially specialized software or a platform developed to rationalize and enhance various supply chain operations across several pharmaceutical organizations. For example, in April 2022, TraceLink Inc., a firm based in the US that specializes in supply chain work management solutions, launched its own version of a multi-enterprise supply chain work management solution tailored for the healthcare and life science sectors. This solution is meant to encourage cooperative networks between businesses and their trade partners with the ultimate goal of improving the functioning of integrated supply planning and execution processes by competently managing supply chain problems and planning anomalies, such as lack of materials, short shipments, and changes in forecast. This solution boasts actionable visibility and customizable procedures for supply chain management, leading to better fill rates, cost reductions, and improved supply plan performance.
Pre-order Your Report for Quick and Easy Delivery!
What Are the Key Components of the Pharmaceutical Supply Chain Management Market, and How Do Its Segments Perform?
The pharmaceutical supply chain management market covered in this report is segmented –
1) By Component: Solution, Service
2) By Deployment Mode: On-Premise, Cloud Based
3) By End-Use: Healthcare Manufacturers, Healthcare Providers, Distributors, Logistics
Subsegments:
1) By Solution: Supply Chain Management Software, Inventory Management Systems, Order Management Systems, Transportation Management Solutions, Warehouse Management Solutions, Track And Trace Solutions, Demand Forecasting Solutions, Cold Chain Monitoring Solutions
2) By Service: Consulting Services, Integration And Implementation Services, Managed Services, Support And Maintenance Services, Logistics And Distribution Services, Training And Education Services
What Regions Are Steering Growth in the Pharmaceutical Supply Chain Management Sector?
Asia-Pacific was the largest region in the pharmaceutical supply chain management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmaceutical supply chain management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Are the Core Features That Define the Pharmaceutical Supply Chain Management Market?
Pharmaceutical supply chain management refers to the process of planning, implementing, and controlling the flow of pharmaceutical products and related information from the manufacturer to the end-user. They are used for secure distribution of pharmaceuticals while maintaining product quality, safety, and compliance with regulatory requirements.
Browse Through More Similar Reports By The Business Research Company:
Pharmaceutical Drug Delivery Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/pharmaceutical-drug-delivery-global-market-report
Pharmaceutical Chemicals Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/pharmaceutical-chemicals-global-market-report
Biopharmaceutical CMO Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/biopharmaceutical-cmo-global-market-report
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
