Implementation and Maintenance of Healthcare Supply Chain Management with Solutions

The healthcare supply chain management market is expected to be valued at USD 3.67 billion in 2027 from USD 2.04 billion in 2019,  registering a CAGR of 7.6% through the forecast period, according to a recent report by Emergen Research.The aim of supply chain management (SCM) in healthcare is to identify and eliminate waste and assist in decision-making in the supply chain.

It also adds to the performance of the services provided.

Also fueling the demand is the rise of cloud-based solutions.To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/healthcare-supply-chain-management-marketTop Key market participants include: SAP SE, Oracle, Tecsys Inc., Cardinal Health, Epicor, Infor, Global Healthcare Exchange, McKesson Corporation, Manhattan Associates, and Cerner.Key Highlights from ReportIn the year 2019, North America retained the largest market share due to the presence of key market players and the region's adoption of advanced technologies.

Due to the existence of a well-established health care system in the country, the U.S. holds a large share of the market in the region.For the purpose of this report, Emergen Research has segmented the global healthcare supply chain management market based on component, delivery mode, end-user, and region:Regional Outlook (Revenue, USD Billion; 2017–2027)North AmericaS.CanadaEuropeGermanyK.FranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaRest of APACLatin AmericaBrazilRest of LATAMMiddle East & AfricaSaudi ArabiaA.E.Rest of MEAExploring growth rate over a period Business owners looking to scale up their business can refer this report that contains data regarding the rise in sales within a given consumer base for the forecast period, 2020 to 2027.

Product owners can use this information along with the driving factors such as demographics and revenue generated from other products discussed in the report to get a better analysis of their products and services.

Besides, the research analysts have compared the market growth rate with the product sales to enable business owners to determine the success or failure of a specific product or service.

According to the new market research report  "Healthcare Supply Chain Management Market by Component (Software {Inventory (Order and Warehouse Management), Purchasing (Suppliers, Strategic Sourcing)), Hardware (Barcode, RFID)), Delivery Mode (On-Premise, Cloud), End User - Global Forecasts to 2022", published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints/challenges, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).Download an Illustrative overview of the report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=77439622Increasing pressure faced by healthcare providers to improve operational efficiency and profitability, emergence of cloud-based solutions, adoption of the GS1 system of standards in various countries, and growing focus to curb the large-scale counterfeiting of drugs in the pharmaceutical industry are driving the growth of this market.

Healthcare supply chain management is the vital practice of developing efficient supply chain methods to achieve operational efficiency and traceability while reducing operating costs without compromising quality.

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.

Increasing pressure on healthcare providers to improve operational efficiency & profitability and the emergence of cloud-based solutions are the key factors driving the growth of this market.

Browse and in-depth TOC on " Healthcare Supply Chain Management Market " 181 – Tables 44 - Figures 225 - PagesHealthcare supply chain management is the practice of developing efficient supply chain methods by stakeholders in the healthcare arena to achieve operational efficiency and traceability while reducing operating costs without compromising quality.

Globally, there is an increasing focus among stakeholders to reduce their operating costs by achieving operational efficiency.

The adoption of GS1 system of standard in the healthcare industry globally, the emergence of cloud-based solutions, reduction in operational costs by improving the efficacy and increase in overall profitability.

However, the high cost of implementation of supply chain management software is expected to restrict market growth to a certain extent.

A software system is highly acceptable compared to hardware systems due to the increasing number of online purchases, improving business intelligence, and growing preference for eco-friendly logistics.

Recent DevelopmentsIn 2020, Infor acquired Intelligent InSite.In 2019, Oracle launched Intelligent Track and Trace, a blockchain applicationIn 2019, SAP SE partnered with Microsoft Corporation, to improve consumer adoption of SAP Cloud Platform and SAP S/4 HANA on Microsoft Azure.

For More Information Download PDF Brochure @ https://tinyurl.com/mfdznawm The healthcare supply chain management market is segmented into North America, Europe, the APAC, and the RoW.

Of this, North America accounted for the largest share of the healthcare supply chain management industry in 2019.