June 19, 2024

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$5.4 Billion Digital Healthcare Supply Chain Management

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Dublin, June 05, 2024 (GLOBE NEWSWIRE) — The “Global Digital Healthcare Supply Chain Management Market Size, Share & Trends Analysis Report by Product (Hardware, Software, Services), Deployment (Web-based, Cloud-based, On-premise), End-use, Region, and Segment Forecasts, 2024-2030” report has been added to ResearchAndMarkets.com’s offering.

The global digital healthcare supply chain management market is anticipated to reach USD 5.4 billion by 2030 and it is projected to grow at a CAGR of 9% from 2024 to 2030. Major factors driving the market growth include adopting the GS1 standard system and UDI, emerging cloud-based solutions, and the growing need to reduce operating costs.

Moreover, the increasing adoption of mobile-based healthcare supply chain management (SCM) solutions contributes to market growth over the forecast period. Mobile apps have become an essential part of SCM solutions. GPS-enabled mobile applications have made supply chain management easier for logistic companies in developed and emerging countries. These apps use mobile devices and sensors to track vehicles, providing better visibility of the entire SCM. For example, Curvo, a sourcing technology application for implants and physician preference items, is designed to enhance supply chain efficiency. The app eliminates manual work by automatically sourcing work from connected vendors, and e-sourcing project management.

The COVID-19 pandemic positively impacted the market growth. The healthcare industry faced substantial shifts and obstacles during the crisis. The pandemic fueled the adoption of telehealth services, as digital supply chain systems played a vital part in facilitating the distribution of virtual healthcare solutions, including telemedicine equipment and remote monitoring devices. Additionally, the importance of data-driven decision-making increased significantly. Key companies in the market integrated advanced analytics to predict demand, improve inventory management, and enhance distribution efficiency.

Moreover, key players in the market, such as McKesson Corporation, Oracle. SAP and Mediceo Corporation, among others, are engaging in strategic initiatives such as partnerships, collaborations, new product launches, acquisitions, and expansions to strengthen their market position. For instance, in October 2022, Oracle introduced Oracle Cloud SCM, a healthcare industry specific supply chain solution. The Oracle Cloud SCM assists clinics and hospitals to plan more effectively, manage responsive supply chains, and improve the quality of care.

Digital Healthcare Supply Chain Management Market Highlights

  • Based on products, the software segment dominated the market in 2023 and is expected to witness the fastest CAGR of 9.3% over the forecast period owing to the increasing adoption of software as a service, which offers cloud computing applications for supply chain management and enterprise resource planning
  • Based on deployment, the cloud-based segment held the market with the largest revenue share of 40.43% in 2023, and is anticipated to grow at the fastest-CAGR over the forecast period, owing to the increasing adoption of user-friendly technology and cost-effectiveness
  • Based on end-use, the pharmaceutical segment held the market with the largest revenue share of 36.24% in 2023, driven by the need to comply with strict product tracking and tracing regulations throughout the supply chain
  • North America dominated the market with a revenue share of 32.87% in 2023, owing to the need for enhanced digital supply chain efficiencies and the adoption of technological advances facilitating overall cost reduction

Companies Featured

  • McKesson Corporation
  • UMP Technologies, Inc.
  • Tecsys
  • Logitag Systems
  • Oracle
  • SAP
  • Infor
  • Terso Solutions
  • Centrak (Halma PLC)
  • Biolog-ID
  • Palantir Technologies, Inc.
  • Mediceo Corporation

Key Attributes

Report Attribute Details
No. of Pages 150
Forecast Period 2023-2030
Estimated Market Value (USD) in 2023 $2.9 Billion
Forecasted Market Value (USD) by 2030 $5.4 Billion
Compound Annual Growth Rate 9%
Regions Covered Global

Key Topics Covered

Chapter 1. Research Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Digital Healthcare Supply Chain Management Market Variables, Trends, & Scope
3.1. Market Overview: Digital SCM in Healthcare
3.1.1. Trends
3.1.1.1. Immediate Access to Medical Supplies
3.1.1.2. Rising Adoption of RFID
3.1.1.3. Growing Use of Telehealth Technologies in Digital SCM
3.1.1.4. Investment in Technologies
3.1.2. Drivers
3.1.3. Adoption of GS1 Standard System and UDI
3.1.4. Emergence of Cloud-based Solutions
3.1.5. Increasing Adoption of Mobile-based Healthcare SCM Solutions
3.1.6. Growing Requirement for Reduction in Operating Costs
3.1.7. Restraints
3.1.7.1. Lack of Data Privacy
3.1.7.2. High Cost Associated with the Implementation and Maintenance of Digital Healthcare SCM Solutions
3.2. Different Segments in Healthcare
3.2.1. Pharma Supply Chain
3.2.2. Medical Devices Supply Chain
3.3. Technology
3.3.1. Existing Technology
3.3.1.1. Electronic Data Interchange (EDI)
3.3.1.2. Enterprise Resource Planning (ERP) Systems
3.3.1.3. Barcoding
3.3.1.4. Process Automation
3.3.2. Emerging Technology
3.3.2.1. IOT and RFID Tracking
3.3.2.2. AI and Predictive Analytics
3.3.2.3. Drone Technology
3.3.2.4. Blockchain
3.3.2.5. Robotic Process Automation (RPA)
3.3.2.6. Cloud Computing
3.4. Significant Areas in Pharma and Healthcare
3.4.1. Digital SCM Utilization – Current Industry Practices
3.4.2. Digital SCM – Use Cases
3.4.3. Case Studies
3.4.4. Digital SCM – Challenges and Opportunity Areas in Healthcare and Pharma
3.4.4.1. Digital SCM – Challenges in Healthcare and Pharma
3.4.4.2. Market Challenges – Key Insights from the survey
3.4.4.3. Digital SCM – Opportunity in Healthcare and Pharma
3.4.4.3.1. Demand Forecasting, Logistics, and Inventory Management
3.4.4.3.1.1. Case Study – Merck KGaA (Merck Group), a Large German Multinational Pharmaceutical, Chemical, and Life Sciences Company Headquartered in Darmstadt
3.4.4.3.2. End-to-End Visibility
3.4.4.3.2.1. Case Study – IBM Sterling Aims to Simplify Complex Supply Chains Through Smarter Solutions
3.4.4.3.3. Intelligent Automation for Industry 4.0 and the Internet of Things
3.4.4.3.3.1. Case Study – Moderna Therapeutics Located in Cambridge, Massachusetts (MA)
3.4.4.3.4. Ensuring Supply Chain Integrity
3.4.4.3.4.1. Case Study – U.S.-Based Start-Up, RxAll
3.4.4.3.5. Optimization of Supply Chains for Timely Delivery of Healthcare Products, Services, and Treatments
3.4.4.4. Market Opportunities – Key Insights from the survey
3.4.5. Digital SCM Benefits
3.4.5.1. Improved Process and Outcome
3.4.5.2. Improved Access to Insights
3.4.5.3. Reduces Inventory Waste
3.4.5.4. Better Transparency
3.4.5.5. Reporting and Analytics
3.5. Recent Developments within the Digital SCM Spaces
3.5.1. Major Deals & Strategic Alliances Analysis
3.5.1.1. Joint Ventures and Collaboration
3.5.1.2. Mergers & Acquisitions
3.5.1.3. Licensing & Partnership
3.6. Software Provider Intelligence
3.6.1. Identification of Top 15-20 Digital SCM Platform/Software Providers in the Healthcare Segment
3.6.2. Supplier Landscape
3.6.3. Top Functionalities Being Used/Implemented
3.7. List of Healthcare Companies Using Digital Healthcare SCM in Their Value Chain

Chapter 4. Cost Intelligence
4.1. Essential Supply Chain Cost Metrics
4.1.1. Digital Transformation Costs Factor in Supply Chain
4.2. Key Insights on Digital Supply Chain Software Costs from the survey

Chapter 5. Digital Healthcare Supply Chain Management Market: End-use Estimation & Trends Analysis
5.1. Segment Dashboard
5.2. Definitions & Scope
5.3. Global Digital Healthcare Supply Chain Management Market Movement Analysis
5.4. Global Digital Healthcare Supply Chain Management Market Size & Trend Analysis, by End-use, 2018 to 2030 (USD Million)
5.5. Medical Devices
5.6. Pharmaceutical
5.7. Biotechnology and Vaccines
5.8. Clinical and Point-of-Care Diagnostics

Chapter 6. Digital Healthcare Supply Chain Management Market: Product Estimates & Trends Analysis
6.1. Segment Dashboard
6.2. Definitions & Scope
6.3. Global Digital Healthcare Supply Chain Management Market Movement Analysis
6.4. Global Digital Healthcare Supply Chain Management Market Size & Trend Analysis, by Product, 2018 to 2030 (USD Million)
6.5. Software
6.6. Hardware
6.7. Services

Chapter 7. Digital Healthcare Supply Chain Management Market: Deployment Estimation & Trend Analysis
7.1. Segment Dashboard
7.2. Definitions & Scope
7.3. Global Digital Healthcare Supply Chain Management Market Movement Analysis
7.4. Global Digital Healthcare Supply Chain Management Market Size & Trend Analysis, by Deployment, 2018 to 2030 (USD Million)
7.5. Cloud-Based
7.6. Web-Based
7.7. On-Based

Chapter 8. Digital Healthcare Supply Chain Management Market: Regional Estimates & Trend Analysis, By Product, Deployment, and End-use
8.1. Regional Dashboard
8.2. Market Size, Forecast and Trend Analysis, 2018 to 2030
8.3. SWOT Analysis, by Factor (Political, Legal, Economic, and Technological)
8.4. North America
8.5. Europe
8.6. Asia Pacific
8.7. Latin America
8.8. MEA

Chapter 9. Competitive Landscape
9.1. Company Profiles
9.2. FAB (Feature, Advantage, and Benefit) Analysis

Chapter 10. KOL Commentary
10.1. KOL Commentary
10.2. Additional Key Insights

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