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What is the current market size and future outlook for the digital healthcare supply chain management market?
The digital healthcare supply chain management market size has grown rapidly in recent years. It will grow from $3.51 billion in 2024 to $3.95 billion in 2025 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to increasing demand for transparency, increasing awareness of environmental impact, increasing demand for inventory optimization, increasing focus on data security, and increasing emphasis on patient feedback.
The digital healthcare supply chain management market size is expected to see rapid growth in the next few years. It will grow to $6.27 billion in 2029 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to expansion of healthcare markets, telehealth expansion, shift towards value-based care, collaboration with tech startups, and e-commerce growth. Major trends in the forecast period include advanced forecasting tools, automated inventory management systems, remote monitoring solutions, artificial intelligence in demand sensing, and smart warehousing solutions.
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How has the digital healthcare supply chain management market evolved, and what factors have shaped its growth?
The increasing adoption of cloud computing is expected to propel the growth of the digital healthcare supply chain management market going forward. Cloud computing refers to the on-demand delivery of computing services over the internet, including servers, storage, databases, networking, software, and analytics. The increasing adoption of cloud computing is due to scalability, cost-effectiveness, flexibility, enhanced collaboration, and the ability to access resources and applications from anywhere with an internet connection. Digital healthcare supply chain management helps cloud computing by streamlining data sharing, improving inventory tracking, and enabling real-time analytics, ultimately leading to more efficient operations and better patient outcomes. For instance, in December 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, 42.5% of EU enterprises used cloud computing in 2023, primarily for hosting their e-mail systems and storing files in electronic form, an increase of 4.2% compared to 2021. Therefore, the increasing adoption of cloud computing is driving the growth of the digital healthcare supply chain management market.
What are the major segments of the digital healthcare supply chain management market?
The digital healthcare supply chain management market covered in this report is segmented –
1) By Product: Software, Hardware, Services
2) By Deployment: On-Premise, Cloud-Based, Web-Based
3) By End-User: Pharmaceuticals, Medical Devices, Biotechnology And Vaccines, Clinical And Point Of Care Diagnostics
Subsegments:
1) By Software: Supply Chain Planning Software, Inventory Management Systems, Transportation Management Systems, Order Management Systems, Analytics And Reporting Software, Others
2) By Hardware: RFID Systems, Barcode Scanners, IoT-Enabled Devices, Storage And Networking Devices, Others
3) By Services: Implementation And Integration Services, Training And Support Services, Consulting Services, Managed Services, Others
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Which companies dominate the digital healthcare supply chain management market?
Major companies operating in the digital healthcare supply chain management market are McKesson Corporation, Cardinal Health Inc., International Business Machines (IBM) Corporation, Oracle Corporation, SAP SE, Siemens Healthineers AG, Medline Industries Inc., Infosys Limited, Henry Schein Inc., Avery Dennison Corporation, Vizient Inc., Infor LLC, Veeva Systems Inc., Palantir Technologies Inc., Epicor Software Corporation, InterSystems Corporation, West Monroe Partners LLC, Global Healthcare Exchange LLC, Tecsys Inc., Rishabh Software Pvt Ltd., SYMPLR Inc., Terso Solutions Inc., KareXpert Technologies Pvt Ltd., Mika-Health Inc., Jump Technologies Inc.
How will evolving trends contribute to the growth of the digital healthcare supply chain management market?
Major companies operating in the digital healthcare supply chain management market are focusing on democratizing access to advanced digitalization tools through a low-technical configuration environment, such as a no-code network digitalization platform, to enhance the efficiency and flexibility of supply chain operations. A no-code network digitalization platform is a software solution that allows users to create, modify, and manage digital processes and workflows without requiring traditional coding skills. For instance, in September 2024, TraceLink, a US-based software company, launched the Opus platform, a significant advancement in supply chain management designed to facilitate the digitalization of end-to-end supply networks. It offers unique features such as a no-code design environment that allows users to configure complex supply chain workflows without extensive technical expertise, real-time visibility into supply chain performance through integrated reports and dashboards, and collective intelligence capabilities that enable collaborative decision-making across multiple enterprises to predict and prevent supply disruption.
What are the key regional dynamics of the digital healthcare supply chain management market, and which region leads in market share?
North America was the largest region in the digital healthcare supply chain management market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital healthcare supply chain management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Digital Healthcare Supply Chain Management Market Report 2025 Offer?
The digital healthcare supply chain management market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Digital healthcare supply chain management refers to the integration of digital technologies and data analytics into the processes that manage the flow of medical products, information, and services within the healthcare system. It utilizes advanced technologies such as data analytics and IoT to streamline inventory processes, enhance visibility, and improve collaboration among stakeholders, ultimately ensuring that medical supplies are available when and where they are needed most.
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