Healthcare Supply Chain Management Market Worth $13,814.0 Million by 2019
13 Apr, 2015, 16:30 BST
DALLAS, April 13, 2015 /PRNewswire/ --
According to a new market research report "Healthcare Supply Chain Management Market by Product (Inventory Management, Strategic Sourcing, Warehouse Management, Order Management, Supplier Management, RFID, & Barcode), by Delivery Mode (On Premise, Cloud) & By End User - Global Forecast to 2019", published by MarketsandMarkets, the global market was valued at $9,276.5 Million in 2014 and is poised to grow at a CAGR of 8.3% from 2014 to 2019, to reach $13,814.0 Million by 2019.
Browse 70 market data Tables and 15 Figures spread through 200 Pages and in-depth TOC on "Healthcare Supply Chain Management Market"
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The Healthcare Supply Chain Management Market is segmented on the basis of component, delivery mode, end user, and region. By component, the market is divided into software and hardware. Based on delivery mode, the market is categorized into web-based, on-premise, and cloud-based. The market by end user is categorized into manufactures, distributors, and providers. Based on region, the market is divided into North America, Europe, Asia, and the Rest of the World (Pacific, the Middle East & Africa, and Latin America).
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The major factors driving the growth of the healthcare supply chain management solutions market are the need to curb the increasing healthcare costs, implement better inventory management practices in hospitals to improve the quality of patient care, and compliance with regulatory requirements.
However, despite the benefits of healthcare supply chain management solutions, barriers such as the high cost of sophisticated software, and long time to implement them which leads to unjustifiable payback periods for mid-small organizations are restraining the growth of this market.
In 2014, the North American market commanded the largest share of the global Healthcare Supply Chain Management Market, followed by Europe and Asia. Furthermore, North America is the fastest-growing region in this market as well. The growing trend of hospitals in the U.S. and Canada adopting supply chain solutions to better manage their inventory and the regulatory requirements in these countries aimed towards improving patient care by enforcing the need for traceability throughout the healthcare chain is the major driving factors in this region.
The major players in the global Healthcare Supply Chain Management Market include Oracle Corporation (U.S.), Infor (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), and SAP AG Group (Germany) amongst others.
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