Global Pharmaceutical Supply Chain Management Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Pharmaceutical supply chain management refers to the process of planning, implementing, and controlling the flow of pharmaceutical products and related information from the manufacturer to the end-user. They are used for secure distribution of pharmaceuticals while maintaining product quality, safety, and compliance with regulatory requirements.

Sizing and Forecast
The pharmaceutical supply chain management market size has grown strongly in recent years. It will grow from $2.36 billion in 2023 to $2.6 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%.  The  growth in the historic period can be attributed to regulatory compliance, globalization, risk management, demand for personalized medicine, sustainability.

The pharmaceutical supply chain management market size is expected to see strong growth in the next few years. It will grow to $3.63 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.  The growth in the forecast period can be attributed to precision medicine, resilience planning, data security, e-commerce integration, real-time monitoring and visibility, circular economy initiatives. Major trends in the forecast period include digital transformation, technological advancements, collaboration and visibility, environmental sustainability, advanced analytics and ai integration, blockchain technology adoption.

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Segmentation & Regional Insights
The pharmaceutical supply chain management  market covered in this report is segmented –
1) By Component: Solution, Service
2) By Deployment Mode:  On-Premise, Cloud Based
3) By End-Use: Healthcare Manufacturers, Healthcare Providers, Distributors, Logistics

Asia-Pacific was the largest region in the pharmaceutical supply chain management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmaceutical supply chain management  market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The surging demand for pharmaceutical products is expected to propel the growth of the pharmaceutical supply chain management market going forward. Pharmaceutical products are medications and drugs that are developed, manufactured, and distributed for use in the prevention, treatment, or management of various medical conditions and diseases. Pharmaceutical products rely on pharmaceutical supply chain management to ensure the efficient production, distribution, and monitoring of medications, enabling timely access to essential healthcare products. For instance, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations, a Belgium-based trade association and lobbying organization, the production value of pharmaceuticals in Europe increased from 347.31 billion USD (323,950 million euros) in 2021 to 364.26 billion USD (340,000 million euros) in 2022. This represents an increase of 4.88%. Therefore, the surging demand for pharmaceutical products will drive the growth of the pharmaceutical supply chain management market.

Key Industry Players
Major companies operating in the pharmaceutical supply chain management  market report are McKesson Corporation, AmerisourceBergen Corporation, Cardinal Health Inc., Oracle Corporation, SAP SE, DSV Panalpina, UPS Healthcare, Parexel International Corporation, Spectrum Health Medical Group, Vizient Inc, Catalent Inc., Infor Inc., Epicor Software Corporation, Alvogen Inc., Vetter Pharma International GmbH , Almac Group, Manhattan Associates Inc., Global Healthcare Exchange LLC, CryoPDP, Tecsys Inc., Arvato Supply Chain Solutions, Terso Solution, Logitag Systems, Jump Technologies, Chain.io Inc.</b

The pharmaceutical supply chain management   market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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