Global supply chain management industry expected to reach $41.7 billion by 2027 – ResearchAndMarkets.com


DUBLIN–(BUSINESS WIRE)–The “Supply Chain Management Market size, trends and growth opportunities, by product, by delivery mode, by technology, by end-use and by region and forecast to 2027.” report has been added to from ResearchAndMarkets.com offer.

The global SCM market size is expected to grow from USD 23.2 billion in 2020 to USD 41.7 billion by 2027, at a compound annual growth rate (CAGR) of 10.3%

Companies cited

  • SAP SE

  • McKesson Corporation (USA)

  • TECSYS (USA)

  • Global Healthcare Exchange (US)

  • Cardinal Health (USA)

  • Determine (US)

  • Epicor (USA)

  • LLamasoft (USA)

  • Manhattan Associates (USA)

  • Blue Yonder Group Inc. (JDA Software) (USA)

Supply chain management (SCM) is a critical aspect of the healthcare industry that requires strategic material management and distribution systems to reduce costs and improve efficiency while providing high quality patient care. In healthcare, supply chain systems ensure that medicines, surgical kits and medical devices are delivered to the right place at the right time. Medical products are distributed in a well-managed value chain system, resulting in high quality patient care.

Drivers:

Rise in demand for cloud-based solutions, prevalence of funds from organizations, increasing pressure on healthcare providers to improve operational efficiency, rise in unique device identification (UDI) initiatives ) by the FDA and increase in counterfeit drugs in the pharmaceutical industry are some of the factors that are likely to accelerate the growth of the healthcare supply chain management market during the forecast period 2020 -2027. On the other hand, the widespread use of mobile solutions, along with the adoption of artificial intelligence and analytics, along with blockchain management, will drive various opportunities, driving the growth of the mobile phone market. healthcare supply chain management over the forecast period.

Constraints:

The growth of the healthcare supply chain management market will be hampered by high maintenance and implementation costs during the forecast period.

Impact of Covid-19

As businesses seek to explore options for shifting their operations to deal with supply disruptions, movement restrictions and office closures, the current COVID-19 crisis is paving the way for digital transformation. In the post-COVID-19 era, digital technologies and technology-enabled business models are expected to play a key role in helping companies improve the resilience of their global supply chains. Remote working has been demonstrated across a wide range of businesses, domains, and industries in the wake of the COVID-19 crisis.

Market Taxonomy

By Product Perspective

  • Software

  • Equipment

  • Barcodes

  • RFID tags

  • Services

By delivery method

  • On the site

  • Cloud-based

  • web-based

By technology

  • Barcode

  • Radio Frequency Identification (RFID)

  • Global Positioning System (GPS)

By end-use outlook

  • Healthcare Manufacturers

  • health care providers

  • Distributors

  • Logistics

By region

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

Key questions addressed by the report

  • What are the key opportunities in the global healthcare supply chain management market?

  • What will be the growth rate from 2020 to 2027?

  • Which segment/region will experience the highest growth?

  • What are the factors that will impact/driving the market?

  • What is the competitive landscape in the industry?

  • What is the role of key players in the value chain?

For more information on this report, visit https://www.researchandmarkets.com/r/wv6tdw

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