According to the new market research report “Healthcare Supply Chain Management Market by Component (Software {Inventory (Order and Warehouse Management), Purchasing (Suppliers, Strategic Sourcing)), Hardware (Barcode, RFID)), Delivery Mode (On-Premise, Cloud), End User – Global Forecasts to 2022“, published by MarketsandMarkets™, the Healthcare Supply Chain Management Market is expected to grow from 1.41 Billion in 2016 to USD 2.31 Billion by 2022, at a CAGR of 8.4% between 2016 and 2022.
This growth can be attributed to factors such as increasing pressure on healthcare providers to improve operational efficiency & profitability and the emergence of cloud-based solutions.
By component, the software segment is expected to account for the largest share of the market in 2017
The healthcare supply chain management market is segmented into software and hardware by component. In 2017, the software segment is estimated to account for the largest share of the healthcare supply chain management market. The large share of the software segment is attributed the various benefits it offers such as increased efficiency, reduced costs, and business.
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Healthcare Supply Chain Management Market for cryogenic valves to grow at high CAGR from 2016 to 2022
The market is segmented into on-premise and cloud-based delivery modes. In 2017, on-premise segment is expected to command the largest share of the global healthcare supply chain management market. The large share of this segment can be attributed to its ease of use and the low risk of data breaches.
APAC is expected to hold largest share of Healthcare Supply Chain Management Market from 2016 to 2022
North America is expected to account for the largest share of the global healthcare supply chain management market. The large share of North America can be attributed to factors such as consolidation of hospitals, regulatory requirements, increasing patient burden in the US, and the implementation of various strategies to improve healthcare supply chain management in Canada.
Market Players
SAP (Germany), Oracle (US), Infor (US), McKesson (US), TECSYS (Canada), are among a few major players in the Healthcare Supply Chain Management Market.
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