Healthcare Supply Chain Management Market: Blockchain in healthcare supply chain management
According to the latest research report “Healthcare Supply Chain Management Market by Component
(Software, Inventory, Order, Warehouse, Purchase, Implant, Transport, Strategic Sourcing,
Consignment, Hardware, Barcode, Scanner, RFID), Delivery (On Premise,Cloud), End User - Global
Forecast to 2025”
[161 Pages Report] The global healthcare supply chain management market is projected to reach USD
3.3 billion by 2025 from USD 2.2 billion in 2020, at a CAGR of 7.9% during the forecast period.
The key factors driving the growth of this market include 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.
What drives the market?
Increasing pressure on healthcare providers to improve operational efficiency and profitability
Implementation of the UDI initiative by the FDA
Emergence of cloud-based solutions
Adoption of the GS1 system of standards
Continuous support in the form of funding, investments, and partnerships
Large-scale drug counterfeiting in the pharmaceutical industry
However, the high cost of implementation of supply chain management software is expected to restrict
market growth to a certain extent.
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The market in North America is projected to witness the highest growth rate during the forecast
North America is projected to register the highest growth during the forecast period. This large share
can be attributed to factors such as the consolidation of hospitals, rising prevalence of chronic diseases,
and growing awareness in the region. On the other hand, the European region is expected to grow at
the second-highest CAGR during the forecast period, followed by APAC and later ROW.
Key Market Players