Global Healthcare Supply Chain Management Market 2017-2022 - SAP, Oracle, Infor, McKesson, and TECSYS Dominating the Market - ResearchAndMarkets.com

The "Healthcare Supply Chain Management Market by Component (Software (Inventory (Order & Warehouse Management), Purchasing (Suppliers, Strategic Sourcing)), Hardware), Delivery Mode (On-Premise, Cloud), End User - Global Forecasts to 2022" report has been added to ResearchAndMarkets.com's offering.

The global healthcare supply chain management market is projected to reach USD 2.31 Billion by 2022 from an estimated USD 1.55 Billion in 2017, growing at a CAGR of 8.4% during the forecast period.

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.

Geographically, the North American market is expected to account for the largest share of the global market. This market is also expected to grow at the highest CAGR in the forecast period. The large share and high growth rate can be attributed to factors such as consolidation of hospitals, regulatory requirements, rising prevalence of chronic diseases, increasing patient burden in the US, and implementation of various strategies to improve healthcare supply chain management in Canada.

High costs associated with the implementation and maintenance of healthcare supply chain management solutions limit the adoption of these solutions in the healthcare arena, thereby restricting the market to some extent.

SAP (Germany), Oracle (US), Infor (US), McKesson (US), TECSYS (Canada), are leading players in the market. Other prominent players include GHX (US), Manhattan Associates (US), JDA Software (US), Jump Technologies (US), and LogiTag (Israel) are some of the major players operating in the healthcare supply chain management market.

Market Dynamics

Drivers

• Increasing Pressure Faced by Healthcare Providers to Improve Operational Efficiency and Profitability
• Implementation of the Unique Device Identification (UDI) Initiative by the FDA
• Emergence of Cloud-Based Solutions
• Adoption of the GS1 System of Standards in Various Countries
• Continuous Support in the Form of Funding, Investments, and Partnerships
• Growing Focus to Curb the Large-Scale Counterfeiting of Drugs in the Pharmaceutical Industry

Restraints

• High Costs Associated With the Implementation And Maintenance of Healthcare Supply Chain Management Solutions

Opportunities

• Mobile-Based Healthcare Supply Chain Management Solutions

Challenges

• Continued Usage of Outdated Supply Chain Management Tools

Companies Mentioned

• Cerner
• Global Healthcare Exchange (GHX)
• Infor
• JDA Software Group
• Jump Technologies
• Logitag Systems
• Manhattan Associates
• Mckesson
• Oracle
• Ormed
• Sap
• Tecsys

For more information about this report visit https://www.researchandmarkets.com/research/b66l4c/global_healthcare?w=4

View source version on businesswire.com: http://www.businesswire.com/news/home/20180116006271/en/