Global Healthcare Supply Chain Management Market Booming Worldwide with Latest Trend and Future Scope by 2028

The global healthcare supply chain management market is expected to grow at a CAGR of 8.5% during the forecast period (2022-2028). The market is significantly driven by the global adoption of the GS1 system of standards and the emergence of cloud-based solutions in healthcare infrastructure. The growing number of doctors in the healthcare system has necessitated the integration and alignment of doctors with the healthcare supply chain. Once achieved, the patient care system should be better supported. The key to managing medical orders and supplies for patient care is to involve hospital administration and doctors in the value chain processes.

The healthcare supply chain innovation lab at Cardinal Health uses IoT services to improve the speed with which big data is transferred and analyzed for patient monitoring applications. The solution enables real-time decisions on issues such as medical product consumption and expiration, as wel as lowers the overall cost. Regulatory bodies such as the FDA require healthcare companies to maintain an optimal level of traceability in their supply chain management system. These organizations assist in the removal of faulty and counterfeit healthcare products from the market. As a result, healthcare organizations must implement a high level of accuracy in order to track products at any point in the supply chain. Furthermore, inventory management systems assign serial numbers to shipped products, allowing for accurate tracking and the resolution of quality issues. The most significant benefit of storing healthcare data in the cloud is the ease with which it can be accessed. Since all that is required of the user is a device with a web browser and an internet connection, they can access their research data from virtually anywhere on the planet.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By End-User
  • By Component
  • By Delivery Mode
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- SAP SE, Oracle Corp., and McKesson Corp., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Healthcare Supply Chain Management Market Report by Segment

By End-User

• Manufacturers
• Distributors
• Providers

By Component

• Software
• Hardware

By Delivery

• Cloud-Based
• On-Premise