The global healthcare supply chain management (SCM) market is set to gain traction from the surging adoption of block-chain technology for transaction purposes. It would help in tapping into the process of the movement of medical products and medicines. Clinical Supply Block chain Working Group (CSBWG), a Biogen and Pfizer-led firm, for instance, developed a proof of concept project in August 2019 to track events and fulfil digital inventory requirements in the pharmaceutical industry. This information is given by Fortune Business Insights™ in a report, titled, “Healthcare Supply Chain Management Market, 2021-2028.” As per the report, the healthcare supply chain management market size was USD 1,872.6 million in 2020. It is projected to grow from USD 2,135.4 million in 2021 to USD 5,397.5 million in 2028 at a CAGR of 14.2% in the forecast period.
A list of prominent
healthcare supply chain management companies in the global market:
- Henry Schein, Inc. (Melville, New York, U.S.)
- McKesson Corporation (Irving, Texas, U.S.)
- Oracle (Austin, U.S.)
- Ascension (St. Louis, Missouri, U.S.)
- Advocate Health Care, Inc. (Milwaukee, Wisconsin, U.S.)
- Tecsys Inc. (Montreal, Canada)
- Banner Health (Phoenix, Arizona, U.S.)
- Syft (Tampa, Florida)
- Ochsner Health System (Louisiana, U.S.)
- Providence Health Service (Renton, Washington, U.S.)
- Other Players
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Report Coverage-
We
employ iterative and comprehensive research techniques focusing on minimizing deviance.
We use a combination of top-down and bottom-up approaches for estimating and
segmenting quantitative aspects of the parents market. At the same time, data
triangulation is used to look at the market from three perspectives. Simulation
models were used to gather data about the forecasts and estimates of the healthcare
supply chain management industry.
Drivers &
Restraints-
Increasing Online Purchases
to Compel Firms to Opt for Software-based Systems
The
adoption of software-based healthcare supply chain management systems is
increasing rapidly nowadays. This is occurring because of the increasing preference
for eco-friendly logistics and the rising number of online purchases worldwide.
A wide range of activities, such as transportation, storage, procurement, and manufacturing
of pharmaceuticals, medical devices, and surgical supplies can be done
efficiently with software-based systems. According to a survey conducted by Sage
Growth Partners, in March 2019, 86% of hospitals believed that SCM can enhance care
quality, while 87% believed that it can accelerate margins by more than 1%. However,
inadequate value analysis and data collection may hamper the healthcare supply
chain management market growth.
Read a Detailed
Summary of This Report: https://www.fortunebusinessinsights.com/industry-reports/healthcare-supply-chain-management-market-101051
COVID-19 Pandemic: Increasing
Demand for Masks and Sanitizers to Propel Growth
The
COVID-19 pandemic impacted the supply chain of the healthcare industry during
the initial phase. It was disrupted because of the sudden rise in the demand
for masks, medicines, sanitizers, and gloves owing to the surging number of
coronavirus positive patients. Hence, manufacturers were compelled to adopt healthcare
supply chain management software solutions to streamline the whole process. We
are providing elaborate research reports to help you find the best strategy to
keep up with the high demand amid the pandemic.
Regional Insights-
Surging Deployment of Novel
Software Solutions to Help North America Grow
Geographically,
North America earned USD 961.8 million
in 2020 in terms of revenue. This growth is attributable to the increasing
deployment of unique software and the rising number of new product launches in
the region. On the other hand, Europe remained in the second position in 2020
on account of the surging awareness regarding the requirement of healthcare
supply chain management solutions among providers.
Competitive Landscape-
Key Players Focus on New
Software Developments to Cater to High Consumer Demand
The
market for healthcare supply chain management houses a large number of local
and international companies. Most of them are striving persistently to keep up
with the high demand from customers by launching innovative software solutions.
Below are the two industry developments:
·
September 2020: Syft introduced a new solution on the
Syft Synergy® enterprise supply chain management platform. It is called the decedent
management and tracking solution. It enables users to monitor and track decedents
through hospitals to funeral homes. It was developed in partnership with Barnes-Jewish
Hospital.
·
June 2020: Blue Yonder joined hands with DHL
Supply Chain for developing an integrated warehouse robotics management system.
It would enable customers to standardize operations and onboarding data for
numerous types of warehouse robotics across various vendors.
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