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Factors such as the Unique Device Identification (UDI) initiative by the FDA, rising adoption of cloud-based solutions, increasing pressure faced by hospitals to improve operational efficiency and profitability, and compliance of the G1 system standards in various countries are driving the growth of the healthcare supply chain management market.
Moreover, the superior supply chain performance, mobile-based solutions, and counterfeiting of drugs in the pharmaceutical industry are expected to offer significant growth opportunities for players in the healthcare supply chain management market. On the other hand, the high price of the healthcare supply chain management (SCM) software and fragmented end-user market are expected to restrain the growth of this market.
On the basis of component, the global healthcare supply chain management market is broadly segmented into software and hardware. The software segment is estimated to account for the largest share of the global healthcare supply chain management market in 2016, while the software segment is projected to grow at the highest CAGR in the forecast period.
Based on delivery mode, the global healthcare supply chain management market is segmented into web-based, on-premise, and cloud-based delivery modes.
The web-based segment is estimated to account for the largest share of the global healthcare supply chain management market in 2016. Web-based models help to reduce operational and administrative expenses. This advantage is contributing to the large share of this segment.
Based on end user, the global healthcare supply chain management market is broadly segmented into manufacturers, providers, and distributors. The manufacturers segment is estimated to account for the largest share of the global healthcare supply chain management market in 2016. Whereas, the providers segment is projected to grow at the highest CAGR.
Geographically, the healthcare supply chain management market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In 2016, North America is estimated to account for the largest share of the healthcare supply chain management market, followed by Europe, Asia-Pacific, and the RoW. The North American market is also projected to grow at the highest CAGR and serve as a revenue pocket for companies offering healthcare supply chain management solutions.
Prominent players in the global healthcare supply chain management market are SAP SE (Germany), Oracle Corporation (U.S.), Infor Inc. (U.S.), Global Healthcare Exchange (GHX) (U.S.), McKesson Corporation (U.S.), TECSYS Inc. (Canada), Jump Technologies, Inc. (U.S.), and LogiTag Systems Ltd. (Israel).
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