Healthcare supply chain management (SCM): Key market research findings
- Use of supply chain analytics
- Growing applications in supply chain planning (SCP) solutions
Technavio has released a new market research report on the global healthcare SCM market, which is expected to grow at a CAGR of around 10% between 2016 and 2020. Supply chain systems in the healthcare industry ensure the delivery of medical supplies of drugs, surgical kits, and medical devices at an accurate location on time. Of late, the market is witnessing various healthcare manufacturing firms procuring supply chain software packages for warehouse management and efficient access to inventory from remote locations. The Americas lead the global healthcare SCM market, owing to various government backed health insurance programs which focus on risk management in supply chain systems.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Several hospitals have started adopting supply chain analytics solutions in collecting and analysing patient data, shipping expenses, inventory levels, and laboratory data. Such calculations helps hospitals to manage their inventories effectively, streamline hospital operational processes, and reduce costs. For instance, Oracle’s healthcare provider offers supply chain analytics solutions in managing end-to-end supply processes,” says Amit Sharma, Lead Analyst, ICT, Technavio Research.
The SCP solutions segment dominates the healthcare SCM market, accounting for around 80% of the overall market share. SCP system comprises manufacturing execution systems (MES) and transportation management systems (TMS). SCP offers end-to-end supply chain optimization for procurement, manufacturing, and distribution. It enables manufacturers to improve their output at low costs.
The leading vendors in the global healthcare SCM market are Cardinal Health, Cerner, McKesson, and Oracle. Intense competition prevails in this market due to the presence pf various global and local vendors. Vendors are investing heavily in IT healthcare solutions to offer new products and services. Moreover, companies are also adopting market consolidation strategies to expand their businesses worldwide.
A more detailed analysis is available in the Technavio report, Global Healthcare SCM Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Supply Chain Management (SCM) Software Market 2014-2018
- Global SCM BPO Market 2014-2018
- SaaS-Based SCM Market: Global Research Report 2015-2019
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