How Much is the Healthcare Supply Chain Management Market Worth?

The healthcare supply chain management market was valued at $2,090.5 million in 2021, and it is expected to reach $4,999.3 million at a 10.2% CAGR between 2021 and 2030. The rising need for cost reduction in the healthcare industry, adoption of GS1 standards, and increasing investments by healthcare providers and related product manufacturers in SCM solutions are some of the key drivers for the market.

Report Description:

Healthcare Supply Chain Management Market Outlook, 2022-2030

The healthcare supply chain management market was valued at an estimated $2,090.5 million in 2021, and it is expected to advance at a CAGR of 10.2% during 2021–2030

https://www.psmarketresearch.com/market-analysis/healthcare-supply-chain-management-scm-market

Key Findings of Healthcare Supply Chain Management Market Report

•             The largest share was with the North American healthcare supply chain management market because the U.S. is the largest global employer in the healthcare sector with more than 780,000 companies. 

•             The software and services category is expected to grow at a CAGR of more than 10% in the coming years. The major factors responsible for the growing demand for these offerings are the frequent product introductions, rising need for greater access to business intelligence data, to express strategies, ease of product tracking through these solutions, and adoption of initiatives to reduce paper usage.

•             The sales growth of cloud-based management systems will be of around 12% during the forecast period. Cloud-based solutions are preferred owing to their scalability through the SaaS model, ease of sharing information, and low maintenance and installation costs.