Healthcare Supply Chain Management Market Size, Trends and Insights By Component (Software, Hardware, Services), By Delivery mode (On-premises, Cloud-based, Web-based), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- SAP SE
- Oracle Corporation
- McKesson Corporation
- Tecsys Inc.
- Others
Reports Description
According to Custom Market Insights (CMI), The Global Healthcare Supply Chain Management Market was estimated at around USD 2.54 billion in 2021 and is expected to reach USD 3.2 billion in 2022 growing at a CAGR of nearly 16.5% from 2022 to 2030. The market is projected to reach approximately USD 6.89 billion by 2030.
The Healthcare Supply Chain Management Market offers a comprehensive and deep evaluation of the market’s stature. Also, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis.
Healthcare Supply Chain Management Market: Overview
The production, distribution, and delivery of medications and other healthcare supplies to patients are ensured by a complex network of systems, elements, and procedures known as the healthcare supply chain. Supply chain management aims to establish a competitive logistics infrastructure, increase net value, and synchronize supply and demand for goods so that performance can be assessed. This is done by planning, designing, implementing, controlling, and monitoring the flow of various commodities and services. Over the forecast period, the market is expected to develop due to increased demand for quality inventory management systems and healthcare providers’ increasing attempts to cut costs and enhance supply.
Healthcare Supply Chain Management Market: COVID–19 Impact Analysis
The COVID-19 pandemic has significantly impacted global economies. For several industries, COVID-19 has created several difficulties. The COVID-19 outbreak and protracted closure have had a major impact on the healthcare sector. Due to the COVID-19 outbreak, the governments of numerous nations claimed that active pharmaceutical components were in a limited supply of medications and surgical supplies. This is because of the border barrier, which among other things, harms the facilities for the import and export of medicines. Consequently, this has a detrimental effect on the market expansion.
The healthcare sector had a significant delay at the beginning of the supply chain as a result of the extraordinary occurrence of the coronavirus pandemic. An unexpected surge in demand for medical supplies such as masks, gloves, sanitisers, and medications due to a spike in COVID-19 infections caused an imbalance in the market, upsetting the usual supply chain. However, this compelled manufacturers and suppliers to implement SCM software to speed up the process.
The firms could resolve their supply chain problems thanks to the implemented mitigation measures during the epidemic. Consequently, the coronavirus pandemic has had little impact on market share and is expected to provide significant growth over the projection period.
Healthcare Supply Chain Management Market: Growth Drivers
Increasing the use of SCM software to accelerate the market’s growth
Healthcare supply chain management includes all operations related to the production, procurement, storage, and delivery of many products, including medicines, medical equipment, and surgical supplies. Due to the benefit of managing numerous processes on a single platform, the market growth is anticipated to be boosted by the rising usage of software-based systems due to the rise in online shopping and demand for eco-friendly logistics.
The software also helps hospitals and medical practices adhere to and provide value-based care, fueling the expansion of the healthcare supply chain industry.
Solutions for supply chain management are becoming more popular.
The program encourages and supports transparency between primary, ancillary, and non-acute care providers to ensure the effective delivery of services and processes. Healthcare supply chain management software can help hospitals and medical practices follow regulations and deliver value-based care. The healthcare supply chain management management market is developing due to emerging nations’ growing embrace of supply chain management solutions, including hardware and software.
Healthcare Supply Chain Management Market: Segmentation Analysis
The healthcare supply chain market is segmented into component and delivery modes. Based on components, the market software segment is estimated to lead the market during the forecast period. One of the main drivers of the segment’s growth is the increasing use of software like SaaS, which delivers next-generation cloud computing capabilities.
The software market is also being driven by the growing demand for effective organizational workflow management in healthcare organizations and a change in the trend toward value-based care in developed nations. Healthcare supply chain management software applications are constantly changing, improving patient outcomes and exchanging patient data in real time.
Moreover, Numerous product launches, the growing demand for better access to business intelligence data to develop strategies, the simplicity of product tracking through these solutions, the adoption of eco-friendly initiatives, such as those for reducing paperwork in healthcare organizations, and an increase in online purchases are the main factors credited for this growth.
Organizations benefit from the software’s assistance with planning, inventory control, warehouse management, and procurement management. Supply chain management software automates the process, reducing the need for manual labor and increasing efficiency. These advantages accelerate the use of healthcare supply chain software and services.
Over the projection period, the services category is anticipated to grow consistently. The need for supply chain management services such as support and maintenance, consultancy, and education and training has increased due to advancements in software platforms. One major driver of the segment’s growth is the creation of various systems for tracking procurement and inventory management.
By delivery mode, the cloud-based segment is anticipated to dominate the market during the forecast period. The huge proportion of the category is mostly due to rising demand for affordable, user-friendly technology and increasing adoption rates. Further driving the market is the growing adoption of cloud computing by healthcare providers for keeping track of inventory and purchasing data. Due to several security flaws in on-premises and web-based deployment, cloud-based technology is becoming more popular.
The performance of the network has an impact on web-based applications. Various healthcare organizations are compelled to switch to cloud-based installations because of this and the high expenses involved with running dedicated servers.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 2.54 billion |
| Projected Market Size in 2030 | USD 6.89 billion |
| CAGR Growth Rate | 16.5% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | SAP SE, Oracle Corporation, McKesson Corporation, Tecsys Inc., Global Healthcare Exchange, Infor Inc., Cardinal Health, Determine, Epicor, Manhattan Associates, and Others |
| Key Segment | By Component, Delivery mode, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Key Insights:
- Based on component segmentation, the software segment is estimated to hold the largest market share during the forecast period, and the services category is anticipated to grow consistently.
- Based on delivery mode segmentation, the cloud-based delivery mode segment is the leading revenue-generating category during the forecast period.
- Based on geography/region, the North American region was the leading revenue generator in 2021.
Recent Development
- April 2022: The first multi-enterprise Supply Chain Work Management solution has been launched on the Opus Digital Network Platform, according to a statement from TraceLink Inc., a major provider of digital network platforms. By better managing supply chain issues and planning exceptions like material shortages, short shipments, and forecast changes, companies can improve the performance of their integrated supply planning and execution processes. This is made possible by the TraceLink Supply Chain Work Management solution.
- February 2022: To enhance automation, data analytics, and inventory management capabilities for the healthcare sector, Global Healthcare Exchange bought Syft, a supplier of AI-enhanced inventory control and end-to-end supply chain management software and services.
Regional Landscape
Throughout the projection period, North America is expected to continue to be among the most alluring markets, and this region accounts for the majority of revenue share in the market. One of the main drivers propelling the North American market for supply chain management is the mandatory deployment of GS1 standards and Unique Device Identification (UDI) on pharmaceutical products and medical devices, together with the existence of sizable industrial hubs.
Additionally, the market is increasing rapidly due to the healthcare and IT infrastructure’s ongoing development and the rising need for cloud computing. In North America, the U.S. is a wealthy market with the highest revenue share in 2021. Manufacturers’ increasing use of scanning tools like barcodes and RFID to detect fake medications has helped the business.
Competitive Landscape
Our report offers quantitative and qualitative insights into the Healthcare supply chain management market and major development initiatives the key players adopt. Further, it offers competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and the players’ recent developments.
Key Players:
- SAP SE
- Oracle Corporation
- McKesson Corporation
- Tecsys Inc.
- Global Healthcare Exchange
- Infor Inc.
- Cardinal Health
- Determine
- Epicor
- Manhattan Associates
The global Healthcare supply chain management market is segmented as follows:
By Component
- Software
- Hardware
- Services
By Delivery mode
- On-premises
- Cloud-based
- Web-based
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Healthcare Supply Chain Management Market, (2022 – 2030) (USD Billion)
- 2.2 Global Healthcare Supply Chain Management Market : snapshot
- Chapter 3. Global Healthcare Supply Chain Management Market – Industry Analysis
- 3.1 Healthcare Supply Chain Management Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing The Use Of SCM Software
- 3.2.2 Solutions For Supply Chain Management Are Becoming More Popular
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Component
- 3.7.2 Market attractiveness analysis By Delivery mode
- Chapter 4. Global Healthcare Supply Chain Management Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Healthcare Supply Chain Management Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Healthcare Supply Chain Management Market – Component Analysis
- 5.1 Global Healthcare Supply Chain Management Market overview: By Component
- 5.1.1 Global Healthcare Supply Chain Management Market share, By Component, 2021 and 2030
- 5.2 Software
- 5.2.1 Global Healthcare Supply Chain Management Market by Software, 2022 – 2030 (USD Billion)
- 5.3 Hardware
- 5.3.1 Global Healthcare Supply Chain Management Market by Hardware, 2022 – 2030 (USD Billion)
- 5.4 Services
- 5.4.1 Global Healthcare Supply Chain Management Market by Services, 2022 – 2030 (USD Billion)
- 5.1 Global Healthcare Supply Chain Management Market overview: By Component
- Chapter 6. Global Healthcare Supply Chain Management Market – Delivery mode Analysis
- 6.1 Global Healthcare Supply Chain Management Market overview: By Delivery mode
- 6.1.1 Global Healthcare Supply Chain Management Market share, By Delivery mode, 2021 and 2030
- 6.2 On-premises
- 6.2.1 Global Healthcare Supply Chain Management Market by On-premises, 2022 – 2030 (USD Billion)
- 6.3 Cloud-based
- 6.3.1 Global Healthcare Supply Chain Management Market by Cloud-based, 2022 – 2030 (USD Billion)
- 6.4 Web-based
- 6.4.1 Global Healthcare Supply Chain Management Market by Web-based, 2022 – 2030 (USD Billion)
- 6.1 Global Healthcare Supply Chain Management Market overview: By Delivery mode
- Chapter 7. Healthcare Supply Chain Management Market – Regional Analysis
- 7.1 Global Healthcare Supply Chain Management Market Regional Overview
- 7.2 Global Healthcare Supply Chain Management Market Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America Healthcare Supply Chain Management Market, 2022 – 2030 (USD Billion)
- 7.3.1.1 North America Healthcare Supply Chain Management Market, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 North America Healthcare Supply Chain Management Market, 2022 – 2030 (USD Billion)
- 7.4 North America Healthcare Supply Chain Management Market, by Component, 2022 – 2030
- 7.4.1 North America Healthcare Supply Chain Management Market, by Component, 2022 – 2030 (USD Billion)
- 7.5 North America Healthcare Supply Chain Management Market, by Delivery mode, 2022 – 2030
- 7.5.1 North America Healthcare Supply Chain Management Market, by Delivery mode, 2022 – 2030 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Healthcare Supply Chain Management Market, 2022 – 2030 (USD Billion)
- 7.6.1.1 Europe Healthcare Supply Chain Management Market, by Country, 2022 – 2030 (USD Billion)
- 7.6.1 Europe Healthcare Supply Chain Management Market, 2022 – 2030 (USD Billion)
- 7.7 Europe Healthcare Supply Chain Management Market, by Component, 2022 – 2030
- 7.7.1 Europe Healthcare Supply Chain Management Market, by Component, 2022 – 2030 (USD Billion)
- 7.8 Europe Healthcare Supply Chain Management Market, by Delivery mode, 2022 – 2030
- 7.8.1 Europe Healthcare Supply Chain Management Market, by Delivery mode, 2022 – 2030 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Healthcare Supply Chain Management Market, 2022 – 2030 (USD Billion)
- 7.9.1.1 Asia Pacific Healthcare Supply Chain Management Market, by Country, 2022 – 2030 (USD Billion)
- 7.9.1 Asia Pacific Healthcare Supply Chain Management Market, 2022 – 2030 (USD Billion)
- 7.10 Asia Pacific Healthcare Supply Chain Management Market, by Component, 2022 – 2030
- 7.10.1 Asia Pacific Healthcare Supply Chain Management Market, by Component, 2022 – 2030 (USD Billion)
- 7.11 Asia Pacific Healthcare Supply Chain Management Market, by Delivery mode, 2022 – 2030
- 7.11.1 Asia Pacific Healthcare Supply Chain Management Market, by Delivery mode, 2022 – 2030 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Healthcare Supply Chain Management Market, 2022 – 2030 (USD Billion)
- 7.12.1.1 Latin America Healthcare Supply Chain Management Market, by Country, 2022 – 2030 (USD Billion)
- 7.12.1 Latin America Healthcare Supply Chain Management Market, 2022 – 2030 (USD Billion)
- 7.13 Latin America Healthcare Supply Chain Management Market, by Component, 2022 – 2030
- 7.13.1 Latin America Healthcare Supply Chain Management Market, by Component, 2022 – 2030 (USD Billion)
- 7.14 Latin America Healthcare Supply Chain Management Market, by Delivery mode, 2022 – 2030
- 7.14.1 Latin America Healthcare Supply Chain Management Market, by Delivery mode, 2022 – 2030 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Healthcare Supply Chain Management Market, 2022 – 2030 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Healthcare Supply Chain Management Market, by Country, 2022 – 2030 (USD Billion)
- 7.15.1 The Middle-East and Africa Healthcare Supply Chain Management Market, 2022 – 2030 (USD Billion)
- 7.16 The Middle-East and Africa Healthcare Supply Chain Management Market, by Component, 2022 – 2030
- 7.16.1 The Middle-East and Africa Healthcare Supply Chain Management Market, by Component, 2022 – 2030 (USD Billion)
- 7.17 The Middle-East and Africa Healthcare Supply Chain Management Market, by Delivery mode, 2022 – 2030
- 7.17.1 The Middle-East and Africa Healthcare Supply Chain Management Market, by Delivery mode, 2022 – 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 SAP SE
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Oracle Corporation
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Mckesson Corporation
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Tecsys Inc.
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Global Healthcare Exchange
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Infor Inc.
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Cardinal Health
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Determine
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Epicor
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Manhattan Associates
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.1 SAP SE
List Of Figures
Figures 1 to 20
List Of Tables
Tables 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Key Players:
- SAP SE
- Oracle Corporation
- McKesson Corporation
- Tecsys Inc.
- Global Healthcare Exchange
- Infor Inc.
- Cardinal Health
- Determine
- Epicor
- Others
FAQs
“North America” region will lead the global Healthcare Supply Chain market during the forecast period 2022 to 2030.
The key factors driving the market are Increasing The Use Of SCM Software, Solutions For Supply Chain Management Becoming More Popular.
The key players operating in the Healthcare Supply Chain market are SAP SE, Oracle Corporation, McKesson Corporation, Tecsys Inc., Global Healthcare Exchange, Infor Inc., Cardinal Health, Determine, Epicor, Manhattan Associates.
The global Healthcare Supply Chain market is expanding growth with a CAGR of approximately 16.5% during the forecast period (2022 to 2030).
The global Healthcare Supply Chain market size was valued at USD 2.54 billion in 2021 and it is projected to reach around USD 6.89 billion by 2030.