USD 2.54 Billion
Healthcare Supply Chain Management Market Size, Share, Growth Analysis, By Component (Software, Hardware), By Delivery Mode (On-Premises, Cloud-Based), By End User (Manufacturers, Distributors), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35D2272 |
Region:
Global |
Published Date: November, 2024
Pages:
183
|Tables:
89
|Figures:
69
Healthcare Supply Chain Management Market Insights
Healthcare Supply Chain Management Market size was valued at USD 2.76 Billion in 2023 and is poised to grow from USD 2.98 Billion in 2024 to USD 5.48 Billion by 2032, growing at a CAGR of 7.9% during the forecast period (2025-2032).
Rising investments in healthcare infrastructure development around the world and growing penetration of digital technologies in the healthcare industry are projected to bolster the demand for healthcare supply chain management over the coming years. Increasing emphasis on healthcare cost reduction and efficiency optimization are also expected to promote the adoption of healthcare supply chain management going forward. Moreover, rising demand for transparency and traceability in supply chains is also projected to open new opportunities for healthcare supply chain management providers around the world. Growing use of advanced technologies such as machine learning, internet of things (IoT), and artificial intelligence is also expected to benefit healthcare supply chain management market growth in the future. On the contrary, high implementation costs, lack of standardization, and resistance to change are estimated to be key constraints limiting healthcare supply chain management market development scope in the long run.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Software
Fastest Growth
Cloud
Growth Rate
15.2% CAGR
Global Healthcare Supply Chain Management Market ($ Bn)
Country Share for North America Region (%)
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Healthcare Supply Chain Management Market Segmental Analysis
Global Healthcare Supply Chain Management Market is segmented on the Component, Delivery mode, End user, and Region. By Component, market is segmented into Software, Hardware and Services. By Delivery Mode, market is segmented into On-Premises and Cloud-Based. By End User, market is segmented into Manufacturers, Distributors, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Component
Software is projected to account for the largest share of the global healthcare supply chain management market. Software plays a crucial role in integrating all applications and hardware required for healthcare supply chain management, which makes it a vital component for market growth. Surging adoption of advanced software to improve healthcare operations around the world is also expected to help the dominance of this segment. Growing investments in the development of advanced software with better features is also expected to promote market growth in the future.
On the other hand, the demand for healthcare supply chain management services is slated to increase at a rapid pace over the coming years. Growing requirements on maintenance, support, and installation services for healthcare supply chain management are expected to create new opportunities for market players in the long run. Increasing outsourcing of supply chain operations by healthcare organizations to enhance efficiency will also benefit the services segment growth across the study period.
Analysis by Deployment
Cloud-based healthcare supply chain management solutions are projected to account for a dominant share of the global market. This can be attributed to the growing popularity of cloud platforms and advancements in cloud technologies. High scalability and flexibility offered by cloud-based healthcare supply chain management at low costs are predicted to create new opportunities for market players in the future. Growing collaboration between healthcare companies could also favor the demand for cloud-based healthcare supply chain management solutions in the future.
On-premises healthcare supply chain management solutions account for a lower market share but are expected to gain popularity as organizations focus on improving security control over their solutions. Rising incidence of cyberattacks and data breaches is projected to help adoption of on-premises healthcare supply chain management in the future. Large enterprises with high spending potential and availability of resources will be prime adopters of on-premises healthcare supply chain management solutions.
Global Healthcare Supply Chain Management Market By Deployment
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Healthcare Supply Chain Management Market Regional Insights
North America is projected to account for a dominant share of the global healthcare supply chain management market. The presence of a developed healthcare infrastructure coupled with quick adoption of advanced technologies contribute to the dominance of this region. Rising digitization of the healthcare industry in this region will also help promote the demand for healthcare supply chain management going forward. Canada and the United States are slated to be the most opportune markets for healthcare supply chain management companies looking to make a mark in this region.
Growing investments in healthcare infrastructure development in the Asia Pacific region make it the most opportune market for healthcare supply chain management companies around the world. Supportive government initiatives to promote the development of healthcare IT infrastructure and rising awareness regarding the benefits of healthcare supply chain management adoption are also boosting market growth in this region. China, Japan, and India are slated to be noteworthy markets in this region going forward. Emphasis on operational efficiency in healthcare will also play in the hands of healthcare supply chain management companies in this region.
Global Healthcare Supply Chain Management Market By Region
- Largest
- Fastest
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Healthcare Supply Chain Management Market Dynamics
Drivers
Emphasis on Healthcare Cost Reduction
- Healthcare has become quite expensive around the world, and this has led to inaccessibility to people with lower spending potential. Healthcare organizations are focusing on reducing operational costs to improve accessibility, which in turn promotes the adoption of healthcare supply chain management and drives market growth.
High Demand for Transparency and Traceability
- Use of healthcare supply chain management not only reduces costs and optimizes operations but also improves traceability and transparency in the healthcare industry. This can help resolve issues such as counterfeit drugs and unregulated inflated prices of regular pharmaceuticals thereby promoting healthcare supply chain management market development.
Restraints
High Costs of Implementation and Maintenance
- Implementing healthcare supply chain management solutions and systems is a mammoth task as it requires coordination and the use of advanced technologies that make it an expensive feat to achieve. Moreover, the high maintenance costs also add up to the overall expenses and limit the adoption of healthcare supply chain management.
Lack of Standardization
- There are no standardized protocols or rules that the whole healthcare industry abides by, which leads to interoperability issues for healthcare supply chain management companies and in turn impedes the overall healthcare supply chain management market growth potential as well.
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Healthcare Supply Chain Management Market Competitive Landscape
Developing affordable healthcare supply chain management solutions and systems should be the prime focus of all healthcare supply chain management companies going forward. Introducing standardization for healthcare supply chain management deployment will also help market players expand their business scope and overcome some major challenges. Healthcare supply chain management companies can also focus on integration of advanced technologies such as AI and IoT to enhance the capabilities of their offerings and boost revenue generation potential in the long run.
Top Player’s Company Profiles
- Oracle (US)
- SAP SE (Germany)
- Infor (Koch) (US)
- McKesson Corporation (US)
- Tecsys (Canada)
- Global Healthcare Exchange (US)
- Cardinal Health (US)
- Corcentric (US)
- Epicor (US)
- Coupa Company (US)
- Manhattan Associates (US)
- Blue Yonder (Panasonic) (US)
- Jump Technologies (US)
- LogiTag Systems (Israel)
- Harris Affinity (US)
- Premier (US)
- Accurate Info Soft (India)
- Hybrent (US)
- Arvato Systems (Germany)
Recent Developments
- Noramco, a leading supplier of active pharmaceutical ingredients announced the launch of a new subsidiary called Noramco Group to enhance pharmaceutical supply chain service in North America in March 2024. The new business combines the capabilities of Noramco’s other subsidiaries Halo Pharma and Purisys.
- Cardinal Health, a leading name in the global healthcare space announced the launch of a new last-mile supply chain solution back in November 2022. Velocare was aimed at fulfilment of home care needs with its strategic partership with Medically Home.
- Concordance Healthcare Solutions LLC, a renowned healthcare distributor in the United States joined hands with Palantir Technologies to develop and power an integrated medical supply chain ecosystem in October 2022. The new offering will bring inventory, supply chain data, and other metrics together in one solution for all companies operating in the healthcare space.
Healthcare Supply Chain Management Key Market Trends
- Use of Blockchain Technology: Healthcare supply chain management companies can leverage the use of blockchain technologies to enhance the scope of their offerings. Blockchain technology provides better security and transparency without compromising the integrity of data privacy, making it a highly useful technology for healthcare supply chain management companies in the long run.
- Incorporation of Sustainability: Healthcare supply chain management companies can also focus on improving sustainability for healthcare organizations through their offerings. Healthcare supply chain management companies can offer services such as waste management and emission reduction through their offerings to improve sustainability and boost their revenue generation potential in the long run.
Healthcare Supply Chain Management Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing emphasis on healthcare cost reduction and rising demand for transparency in supply chains are projected to boost the adoption of healthcare supply chain management over the coming years. On the contrary, lack of standardization and high costs of implementation are estimated to slow down healthcare supply chain management demand outlook in the future. North America is slated to spearhead healthcare supply chain management adoption owing to the presence of a developed healthcare infrastructure and high spending potential. Incorporating sustainability and blockchain technology in healthcare supply chain management will pay off big time for healthcare supply chain management companies across the study period and beyond.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.76 Billion |
| Market size value in 2032 | USD 5.48 Billion |
| Growth Rate | 7.9% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Healthcare Supply Chain Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Healthcare Supply Chain Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Healthcare Supply Chain Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Healthcare Supply Chain Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Healthcare Supply Chain Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Healthcare Supply Chain Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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