Healthcare Supply Chain Management Market: Market Segments: By Product (Software Hardware and Services); By Mode of Delivery (On-premise, Cloud-based and Web-based); By End User (Healthcare Manufacturers, Healthcare Providers, Distributors and Logistics); and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Healthcare Supply Chain Management Market: Market Segments: By Product (Software Hardware and Services); By Mode of Delivery (On-premise, Cloud-based and Web-based); By End User (Healthcare Manufacturers, Healthcare Providers, Distributors and Logistics); and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Product Overview
Supply chain management in healthcare refers to the management of resources required to provide the end-user with services/goods. It is a fragmented process involving multiple industries, such as medical equipment, information technology, pharmaceuticals, and facilities, to ensure that patients receive high-quality medical treatment. It includes securing money, handling materials, and supplying patients and suppliers with products & services. Supply chain management in healthcare deals with the physical and information infrastructure necessary by the end-customer to provide services. One of the most rapidly developing and influential sectors are healthcare.
Market Highlights
Healthcare Supply Chain Management Market is expected to project a notable CAGR of 7.7% in 2030.
Healthcare Supply Chain Management Market to surpass USD 3.8 Billion by 2030 from USD 1.8 Billion in 2019 in terms of value growing at a CAGR of 7.7% throughout the forecast period, i.e., 2020-30. In the healthcare market globally, the implementation of the GS1 standard framework and an improvement in overall profitability is projected to drive the healthcare supply chain management market over the years forecast. Besides, the advent of cloud-based solutions and the reduction of operating costs by improving performance is expected in the coming years to improve the sector. Besides, during the forecast era, the emergence of big data & social media, developments in machine learning, and analytics are expected to fuel the market.
Healthcare Supply Chain Management Market: Segments
Services segment to grow with the highest CAGR of 8.5% during 2020-30
Healthcare Supply Chain Management Market is segmented by product as Software, Hardware, and Services. The software products segment is expected to lead the market with a share of over XX.X percent in 2019. Among the key factors that improve the segment is the growing adoption of software such as SaaS, which provides next-generation cloud computing applications. Besides, the software segment is motivated by the increasing need for successful management of organizational workflows in healthcare organizations and a change in the trend towards value-based treatment in developed economies. The services segment is projected to grow at a steady CAGR of 8.5% over the forecast period. Advances in software platforms have stimulated demand for services such as support and maintenance, consultancy, and education and training for the supply chain management.
Antifungal Segment to grow with the highest CAGR during 2020-30
Healthcare Supply Chain Management Market is segmented by Mode of Delivery into On-premise, Cloud-based, and Web-based. The cloud-based delivery mode segment accounted for the largest revenue share of XX.X% in 2019 the segment is also expected to exhibit the fastest growth over the forecast period. One of the key factors contributing to the large share of the segment is the rising demand for cost-effective, user-friendly innovations and higher acceptance rates. The market is further boosted by the growing penetration of cloud computing among healthcare providers to manage inventory and procurement information. Owing to numerous security breaches in on-site and web-based implementation, preferences for cloud-based technology have increased. Network efficiency affects Web-based applications
Healthcare Supply Chain Management Market: Market Dynamics
Drivers
The rapid increase in the adoption of GS1 standards
In the coming years, it is projected that the rapid increase in the adoption of GS1 standards and specific product identification (UDI) for medical devices will propel the industry. GS1 standards certify globally unique identification and allow such solutions to be cross-border compatible. In the healthcare industry, global standards have greatly increased patient safety and supply chain efficiencies and effectiveness. In combating counterfeit drugs, adoption of global standards, such as barcodes, has helped. Duplication and unauthorized serial numbers can be captured by serialization, authentication, and traceability.
Restrain
High Cost of Implementation of Supply Chain Management Software
There is a long way to go to reach a sufficient degree of cost reduction, considering the increased efforts of healthcare providers and suppliers to fight against the higher costs associated with supply chain management. Developed countries such as the United States are successfully introducing modern supply chain management technology, but developing markets are still struggling with the cost of supply chain management software.
Healthcare Supply Chain Management Market: Key Players
AmerisourceBergen Corporation
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.
Intermountain Healthcare
McKesson Corporation
Providence Health & Services
SAP SE
SpendVu
STERLING HEALTHCARE LOGISTICS.
Vizient Inc.
VUEMED
Healthcare Supply Chain Management Market: Regions
Healthcare Supply Chain Management Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.
Healthcare Supply Chain Management Market in North America led the market with a lion share of more than XX.X% in 2019 owing to the growing adoption of scanning technologies such as barcodes and RFID by manufacturers to curb counterfeit drugs has aided the market. The mandatory implementation of GS1 standards and Specific Device Identification (UDI) on prescription drugs and medical devices, coupled with the existence of major manufacturing hubs, are among the main factors boosting the supply chain management market in North America. Besides, the continuous advancement of healthcare and IT technology and the rising demand for cloud computing contribute significantly to market growth. Asia Pacific is anticipated to be the most lucrative market, exhibiting the highest CAGR of 9.5% during the forecast period.
Competitive Landscape:
Healthcare Supply Chain Management market, which is highly competitive, consists of several major players such as SAP SE (Germany), Oracle Corporation (US), and Infor (US) hold a substantial market share in the Healthcare Supply Chain Management market. Other players analyzed in this report are McKesson Corporation (US), TECSYS (US), Global Healthcare Exchange (US), Cardinal Health (US), Determine (US), Epicor (US), LLamasoft (US), Manhattan Associates (US), Blue Yonder Group, Inc. (JDA Software) (US), Cerner (US), Jump Technologies (US), LogiTag Systems (US), Harris Affinity (US), Premier (US), Accurate Info Soft (US), Hybrid (US), and Arvato Systems (Germany) among others.
Key players are adopting in-organic growth strategies such as product launches in the global nutritional supplement market. For instance, In 2019, SAP SE partnered with Microsoft Corporation, to improve consumer adoption of SAP Cloud Platform and SAP S/4 HANA on Microsoft Azure.
Healthcare Supply Chain Management Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Healthcare Supply Chain Management Market report also contains analysis on:
Healthcare Supply Chain Management Market Segments:
By Product:
Software
Hardware
Barcodes
RFID Tags
Services
By Mode of Delivery:
On-premise
Cloud-based
Web-based
By End-user:
Healthcare Manufacturers
Healthcare Providers
Distributors
Logistics
Healthcare Supply Chain Management Market Dynamics
Healthcare Supply Chain Management Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
FAQs on Healthcare Supply Chain Management Market
Which segment is anticipated to hold the largest market share
At what CAGR is the market anticipated to grow between 2020 and 2030
Who are the key players in the Healthcare Supply Chain Management Market
What could be the challenging factors in the growth of Healthcare Supply Chain Management Market
What are the growth drivers for the Healthcare Supply Chain Management Market
Contents
1. Executive Summary
2. Healthcare Supply Chain Management Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Healthcare Supply Chain Management Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Healthcare Supply Chain Management Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Healthcare Supply Chain Management: Market Segmentation
12.1. By Regions
12.1.1. North America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Europe:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Asia-Pacific:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. MEA:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Latin America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Product: Market Share (2020-2030F)
12.2.1. Software, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Hardware, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.3. Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3 By Mode of Delivery: Market Share (2020-2030F)
12.3.1. On-premise By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Cloud-based, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.3. Web-based, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4. By End-use: Market Share (2020-2030F)
12.4.1. Healthcare Manufacturers, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.2. Healthcare Providers, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.3. Distributors, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.4. Logistics, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13. Company Profile
13.1.1. Advocate Health Care, Inc.
13.1.2. Company Overview
13.1.3. Company Total Revenue (Financials)
13.1.4. Market Potential
13.1.5. Global Presence
13.1.6. Key Performance Indicators
13.1.7. SWOT Analysis
13.1.8. Product Launch
13.2. AmerisourceBergen Corporation
13.3. Intermountain Healthcare
13.4. McKesson Corporation
13.5. Providence Health & Services
13.6. SAP SE
13.7. SpendVu
13.8. STERLING HEALTHCARE LOGISTICS.
13.9. Vizient Inc.
13.10. VUEMED
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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