Healthcare Supply Chain Management Market Analysis

Healthcare Supply Chain Management Market Analysis

Healthcare supply chain management market share from the software and services offering segment was over 72% in 2022. Growing usage of software such as SaaS with next-generation cloud computing capabilities will create strong demand for SCM solutions in healthcare. Moreover, growing efforts by key players towards launching advanced capabilities of healthcare supply chain management software and service offerings are further expected to accelerate industry expansion.
 

Based on deployment, cloud-based healthcare supply chain management market size will grow at more than 12.5% CAGR from 2023 to 2032. High flexibility of cloud-enabled healthcare supply chain management solutions is the major driver for segment progress. These solutions increase cost savings over time which helps healthcare organizations focus on patient care. Additionally, they can streamline the procurement processes to help healthcare professionals finalize better deals with product distributors, which may boost demand for the technology.
 

North America held over 40% of the healthcare supply chain management market share in 2022. Rising number of patient admissions, given the growing prevalence of chronic disorders, has increased the demand for healthcare SCM solutions in the region. As per the CDC, heart attack affects around 805,000 people annually in the U.S. alone. Moreover, growing efforts by major players such as Cardinal Health, Oracle Corporation, and others on product innovations are also contributing to regional industry growth.